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Judgement on Applicability of Section 7 to Co-operative Societies

Subject Insolvency and Bankruptcy Code, 2016 Case Jumbo the Solapur Dist. Central Co – Operative Bank LimitedvsSangola Taluka Sahakari Sakhar Karkhana Limited Tribunal NCLT, Mumbai Spirit of the Case Applicability…

Judgement on Corpus Fund

Application No IA 1651 of 2020 In CP (IB) 1765/MB/C-II/2018 Applicant Resolution Professional Respondent Union Bank of India & Ors. Subject Under Section 60 (5) of the Insolvency and Bankruptcy…

Judgement on lien of FD by banks for recovery of pre-cirp dues

Subject Insolvency and Bankruptcy Code, 2016 Case Kotak Mahindra Bank Limited Vs. Ravindra Loonkar, RP of ACIL LtdCorporate Debtor: ACIL Ltd Tribunal NCLAT New Delhi Summary: No recovery action in…

Judgement on ambiguity to distribute cash profit to the stakeholders

Subject Insolvency and Bankruptcy Code, 2016 Case Sri Supriyo Kumar Chaudhuri (Liquidator of JVL Agro Indstries Ltd) vs. State Bank of India, SARG & Others Corporate Debtor JVL Agro Indstries…