Whether the Resolution Professional with the approval of CoC, was authorized to accept the Resolution Plans after the expiry of the deadline for submission of the Bid, without extending the timeline for submission of EOI? – Kotak Investment Advisors Limited Vs. Mr Krishna Chamadia (Resolution Professional in the matter of Ricoh India Limited) – NCLAT New Delhi

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During the Liquidation Proceedings of the Corporate Debtor, appropriate criminal/civil proceedings, if any, can be initiated before the Appropriate Authority and Forum – Dr. Vandana Parvez Tamil Nadu Vs. IVRCL Ltd. (Corporate Debtor& Ors.) Represented by Sutanu Sinha (RP for IVRCL) – NCLAT

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Fixation of fee of Resolution Professional is not a business decision depending upon the commercial wisdom of the Committee of Creditors – Mr. Devarajan Raman RP Poonam Drum & Containers Pvt. Ltd. Vs. Bank of India Ltd. – NCLAT

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CoC enjoys primacy in matter of approval or rejection of Settlement Proposal – M. P. Agarwal Vs. Shri Lakshmi Cotsyn Ltd. & Anr. – NCLAT

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When part payment is made before the expiration of the prescribed period of limitation by the person liable to pay the debt, a fresh period of limitation shall be computed from the time when the payment was made – Jayprakash Vyas Vs. Prabhat Steel Traders Pvt. Ltd. – NCLAT New Delhi

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Kashi Viswanathan Sivaraman, Resolution Professional, Kindle Developers Pvt. Ltd. Vs. New Okhla Industrial Development Authority – NCLAT New delhi

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WhatsApp Bulletin-23