Insolvency Professionals

AA should have allowed the intervening period i.e. the period when erstwhile RP stopped functioning till the subsequent RP took charge to place the application u/s 12A before the CoC- Daiyan Ahmed Azmi Vs. Rekha Kantilal Shah, Liquidator & Ors. – NCLAT

/ 4 minutes of reading

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AA should have allowed the intervening period i.e. the period when erstwhile RP stopped functioning till the subsequent RP took charge to place the application u/s 12A before the CoC- Daiyan Ahmed Azmi Vs. Rekha Kantilal Shah, Liquidator & Ors. – NCLAT Read Post »

Once an insolvency professional is appointed to manage the company, the erstwhile directors who are no longer in management, obviously cannot maintain an appeal on behalf of the company- Innoventive Industries Ltd. Vs. ICICI Bank & Anr.- Supreme Court

/ 116 minutes of reading

First Landmark judgment of Hon’ble Supreme Court covering all aspects of IBC.

Once an insolvency professional is appointed to manage the company, the erstwhile directors who are no longer in management, obviously cannot maintain an appeal on behalf of the company- Innoventive Industries Ltd. Vs. ICICI Bank & Anr.- Supreme Court Read Post »

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