Whether IRP(became IRP after admission of the CIRP) who had served the notice under Section 8 of the Code is a related party in terms of Section 5(24)(h) of the Code? – Nileshbhai Shantilal Patel Vs. Westin Resins and Ploymers Pvt. Ltd. & Anr. – NCLAT New Delhi

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IBC Section 7 application cannot be rejected on the ground that certain portion of sanction amount of financial facilities could not be disbursed by the Financial Creditors – State Bank of India Vs. N.S. Engineering Projects Pvt. Ltd. – NCLAT New Delhi

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The mere fact that instead of reviving company petition, a fresh company petition has been filed under section 7 shall not be reason to reject the company petition – Priyal Kantilal Patel Vs. IREP Credit Capital Pvt. Ltd. & Anr. – NCLAT New Delhi

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Mere availability of an alternative remedy of appeal or revision, which the party invoking the jurisdiction of the High Court under Article 226 has not pursued, would not oust the jurisdiction of the high court and render a writ petition not maintainable – M/s Godrej Sara Lee Ltd. Vs. The Excise and Taxation Officer-Cum-Assessing Authority & Ors. – Supreme Court

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Valuation having already been done and auction sale notice have been issued and auction sale conducted identifying the Successful Auction Bidder, there was no occasion for directing any appointment of forensic auditor – Kunwer Sachdev Vs. Su-Kam Power Systems Ltd. Through Sh. Raj Kumar Ralhan(Liquidator) – NCLAT New Delhi

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