RP seeks relaxation from provisions of Code in Reverse CIRP mechanism
Application No. IA No. 48/JPR/2021 In CP No. (IB)- 170/7/JPR/2019 Applicant Resolution Professional for Coral Infragold Pvt. Ltd. Subject Section 60(5) of Insolvency and Bankruptcy Code 2016, read with Rule…
Power to call third valuation on fair and liquidation value
Subject Insolvency and Bankruptcy Code, 2016 Case Name M/s. Rana Saria Poly Pack Pvt. Ltd .Vs . Uniworld Suagrs Pvt .Ltd Corporate debtors M/s Uniworld Sugars Pvt. Ltd Adjudicating Authority…
Judgement on providing clarity in definition of Financial Debt as per the provision of the Code
Subject Insolvency and Bankruptcy Code, 2016 Case Name M/s. Orator Marketing Private Limited Vs. M/s. Samtex Desinz Private Limited Corporate Debtor M/s Samtex Desinz Private Limited M/s Samtex Desinz Private…
Judgement on admission of claim after Approval of Resolution Plan
Application No I.A. No. 525/2019 in CP. IB-1059/(ND)/2018 Applicant Mr. Gulshan Sethi Respondent Resolution Professional Subject Section 60(5) of the Insolvency and Bankruptcy Code, 2016 Order Date 23.07.2021 Case Summary…
“NCLAT : CIRP commences from pronouncement of order not from Uploading in Website”– an NCLAT judgement synopsis
Application No. Company Appeal (AT) (Insolvency) No. 966 of 2021 Appellant Home Buyer/Operational Creditor Claimant Respondent Resolution Professional of Kindle Developers Private Limited Subject Determination of Insolvency Commencement Date Order…
Judgement on Appeal by Dissenting COC
Application No (Company Appeal(AT)(Insolvency) No. 1117 of 2019) Applicant Canara Bank, Dissenting CoC Member Respondent 1. Resolution Professional, Aristo Texcon. 2. North East Development Finance Corporation Ltd. (CoC) 3. Punjab…
Judgement under Section 12A of the Code can be allowed, even if promoter is ineligible under Section 29A of the Code.
Subject Insolvency and Bankruptcy Code, 2016 Case Shweta Vishwanath Shirke & Ors. Vs The Committee of Creditors & Anr Corporate Debtor M/s. Sterling Biotech Ltd Adjudicating Authority NCLAT, New Delhi…
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…