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- The Corporate Debtor had no right to claim the margin money after the invocation of Bank Guarantee during the Moratorium under Section 14 of IBC- Indian Overseas Bank Vs. Arvind Kumar RP/Liquidator M/s Richa Industries Ltd – NCLAT New Delhi September 28, 2020
- 3 members bench referred V. Padmakumar, 5 members bench’s judgment, on Company’s Balance Sheet amounts to an acknowledgement of debt under Section 18 of the Limitation Act, 1963 to Hon’ble Acting Chairperson for reconsideration – Bishal Jaiswal Vs. Asset Reconstruction Company (India) Ltd – NCLAT New Delhi September 27, 2020
- If the date of default being wrongly pleaded by the financial creditors, NCLT may ask the financial Creditors to rectify the same – Bank of India Vs. Coastal Oil Gas Infrastructure Pvt. Ltd – NCLAT New Delhi September 26, 2020
- Two Members of the Bench had divergent view in the split verdict, the matter is referred to Hon’ble President, NCLT in terms of Section 419(5) of the Companies Act, 2013 for placing the matter before a third Member for hearing – JM Financial Asset Reconstruction Company Ltd. Vs. Samay Electronics Pvt. Ltd. – NCLAT New Delhi September 26, 2020
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A new web-based resource is available to assist the professionals practicing in the area of insolvency and bankruptcy, company liquidation, merger & acquisition, valuation etc. to provide up2date information such amended laws and regulations, NCLTs, NCLAT, High Courts, Supreme Court judgments, IBBI’s & MCA’s circulars & Notifications, articles, guide and a platform where they can share his ideas and discuss about the subject matter.
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