Neither the IBC, 2016 nor CIRP Regulations, 2016 provides for disposal of security held by a secured creditor, after admission of CIRP – HDFC Bank Ltd. Vs. Manish Agarwal RP of Worlds Window Infrastructure & Logistics Pvt. Ltd. – NCLT New Delhi Bench Court-II

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Can the Adjudicating Authority entertain an application filed by the Chairman of the Monitoring Committee to give a fresh lease of life to the CIRP in case of Successful Resolution Applicant failed to implement the Resolution Plan – CA Kannan Tiruvengadam, erstwhile RP, Chairman of the Monitoring Committee Vs. Almas Global Opportunity Fund SPC (Successful Resolution Applicant) – NCLT Kolkata Bench

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