The mere fact that the Authorised Representative of a creditor in a class have no role in receipt and verification of the claim of the creditors, it cannot be held to mean that creditors in a class have no right with regard to receipt and verification of their claim – Aashray Social Welfare Society & Ors. Vs. Saha Infratech Pvt. Ltd. & Ors. – NCLAT New Delhi

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Once the default has occurred prior to the issuance of Notification dated 24.03.2020 and Demand Notice was also sent/delivered prior to that Notification, the enhancement of the threshold limit from 1 lakh to 1 crore rupees is not applicable – BLS Polymers Ltd. Vs. M/s RMS Power Solutions Pvt. Ltd. – NCLT New Delhi Bench Court-II

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Adjudicating Authority has powers to act in terms of Section 340 of CrPC r/w Section 195 of CrPC, Under Section 340 of CrPC the Adjudicating Authority can hold preliminary inquiry into the any offence referred in Clause ‘b’ of Sub-Section 1 of Section 195 – M/s. KVR Industries Private Limited Vs. M/s. P. P. Bafna Ventures Private Limited – NCLAT New Delhi

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Allow the Appellant to make a claim before the Successful Resolution Applicant or to avail the remedy of Suit in terms of sub-section (6) of Section 60 of the IBC, if prayer is not allowed – Encote Energy (India) Pvt. Ltd. Vs. V. Venkatachalam – NCLAT New Delhi

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