Multiple Purchase Orders can be clubbed in a single company application under Section 9 of IBC and the same is maintainable – MM Aqua Technologies Ltd. v. Clean Flow Cooling Tower Solutions Pvt. Ltd. – NCLT Mumbai Bench

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Transfer of loan from Principal Borrower to Corporate Debtor through assignment agreement, which is not stamped is a void contract and insolvency u/s 7 of IBC cannot be initiated against the Corporate Debtor – Vinsari Fruitech Ltd. v. Effort BPO Pvt. Ltd. – NCLT Mumbai Bench

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Regulation 21 of Liquidation Process Regulations, 2016 provides three documents to prove security interest are alternate in nature, and such security interest can be proved by either of said evidence, and if proved by either of said evidence, would it over-ride the provisions of Section 77(3) of the Companies Act, 2013 – IDBI Bank Ltd. – NCLT Mumbai Bench

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NCLT allows IA to forfeit performance guarantee, and any other money deposited by Successful Resolution Applicant in CIRP and Resolution Professional may consider the forwarding the matter to IBBI for necessary inquiry and make fresh attempt to revive the Corporate Debtor by inviting EOI – Pro Earth Housing Corp. Pvt. Ltd. v. Mr. Rajendra M. Ganatra & Anr. – NCLT Mumbai Bench

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