Resolution Applicant(RA) is not eligible to submit Resolution Plan where RoC published a list prior to submission of Resolution Plan and disqualified from being Directors, Resolution Applicant has submitted plan during the disqualification and High Court quashed the list after submission of the plan – Mr. Rabindra Kumar Mintri IRP of MSA Developers Pvt. Ltd. – NCLT New Delhi Bench Court-VI

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Resolution Professional is well within its powers to issue lay-off notices to workers/employees of the Corporate Debtor during CIRP, Section 238 of Insolvency and Bankruptcy Code overrides the provisions of the Industrial Dispute Act, 1947 – Unitech Machines Karmchari Sang Vs. Mr. Vivek Raheja RP of Unitech Machines Ltd. – NCLT New Delhi Bench Court-VI

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If Directors of Corporate Debtor have given preference to some of the creditors over other creditors, this constitutes preferential transaction as envisaged in section 43 of the Insolvency and Bankruptcy Code, 2016 – Ms. Reshma Mittal RP HIM Steels Pvt. Ltd. Vs. Mr. Ashok Raja Director, Suspended Board of the CD – NCLT New Delhi Bench Court-VI

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