No time limit for look back period has been given for consideration by AA of transactions which can be termed fraudulent transactions, under the provisions of Section 66 of the IBC 2016 – Amit Dineschandra Patel Vs. Chandra Prakash Jain RP of Sintex Prefab & Infra Ltd. – NCLT Ahmedabad Bench

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When Liquidator did not receive even a single bid initially, it was imperative on the part of the liquidator to have extended the auction by reasonable time to enable the intending bidders to participate in the process – Chinar Steel Segment Centre Pvt. Ltd. Vs. Raj Singhania, Liquidator of Gontermann-Peipers (India) Ltd. – NCLT Kolkata Bench

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Balance Sheet of the Corporate Debtor reflecting the loan of the applicant, should have been the sufficient ground for acceptance of the claim submitted by the Creditors – Champa Impex Pvt. Ltd. Vs. P.M.Cold Storage Pvt. Ltd. – NCLT Kolkata Bench

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Liquidator is permitted to invoke Arbitration Proceedings against IOCL and Foster Wheeler – Queztal Endeavour Pvt. Ltd. Vs. Mr. Abhijit Guthatakurtha – NCLT Mumbai Bench

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Whether a proceeding that has been withdrawn without leave to revive the proceeding, can be restored & Whether a settlement agreement can constitute a financial debt or an operational debt – Pawan Putra Securities Pvt. Ltd. Vs. Wearit Global Ltd. – NCLT Kolkata Bench

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As the claims which are not included in the Resolution Plan cannot be raised before any forum – Mr. Bijoy Prabhakaran Pulipra Vs. The Tahsildar, Kanayannur – NCLT Kochi Bench

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NCLT is not empowered to deal with the matters falling under PMLA – Ashok Kumar Sarawagi Vs. Enforcement Directorate, Government of India – NCLT Kolkata Bench

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Once a Financial Creditor fails to file his claim before the CIRP, he is estopped from objecting the approval of the plan at a belated stage – Dewan Housing Finance Corporation Ltd Vs. Mr. Neehal Mahamulal Pathan (RP of Udaipur Entertainment World Pvt. Ltd & Anr.) – NCLT Mumbai Bench

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An application for preferential transactions cannot be pursued by the erstwhile Resolution Professional nor can the new Management of the Corporate Debtor pursue the application – Niraj Agarwal, RP Vs. Amrit Fresh Pvt. Ltd. – NCLT Kolkata Bench

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Disbursal of an amount by itself cannot be construed as the existence of financial debt since there is no written terms and conditions between the parties – Narendra Promtoers & Fincon Pvt. Ltd. Vs. Vinline Engineering Pvt. Ltd. – NCLT Kolkata Bench

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