Whether CIRP can be initiated solely on the basis of the unpaid interest amount when the entire principal amount of debt has been discharged during the pendency of the CIRP application – Saraf Chits Pvt. Ltd. Vs. KAD Housing Pvt. Ltd. – NCLT New Delhi Bench Court-II

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Ex-Managing Director of the Corporate Debtor as the Corporate Debtor would not be competent to maintain an appeal in terms of the dictum of the Hon’ble Supreme Court in Innoventive Industries Ltd. – K. Venugopalan Nair, Ex-Managing Director, Dewa Projects Pvt. Ltd. Vs. Rita Venugopal Anr. – NCLAT New Delhi

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The question of viability and feasibility and other condition prescribed by the Board relates to Resolution Plan not applicable on proposal for settlement under Section 12A – Sukhbeer Singh, Ex-Director, Maple Realcon Private Limited Vs. Mr. Dinesh Chandra Agarwal Resolution Professional, Maple Realcon Pvt. Ltd. & Ors. – NCLAT New Delhi

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