Goods imported by Corporate Debtor at the strength of letter of credit which is kept in the trust for a Bank on default in payment is outside the liquidation estate of the Corporate Debtor – IDBI Bank Ltd. Vs. Bhatia Global Trading Ltd. – NCLT Indore Bench

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NCLAT set aside an order in which NCLT dismissing Sec. 19(2) of IBC (non-cooperation by suspended management) application imposed cost of Rs.25,000/- on the RP – Sanjai Kumar Gupta, RP of Stone India Ltd. Vs. Gouri Prasad Goenka – NCLAT New Delhi

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In absence of any deed or the other documents, the assets found in the temple which is within the premises of the corporate debtor to be regarded as the assets of the corporate debtor and therefore to form part of the liquidation estate of the corporate debtor – M/s LML Limited (In Liquidation)  Through Liquidator, Arun Gupta – NCLT Allahabad Bench

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