848

There is no restrain on invocation on the Performance Bank Guarantee during currency of the CIRP – WAPCOS Ltd. Vs. D. Thakkar Constructions Pvt. Ltd. Through Ram Ratan Kanoongo – NCLAT New Delhi

Login with GoogleOR Username Password Remember Me     Forgot Password In case you’ve already logged in, click here […]

There is no restrain on invocation on the Performance Bank Guarantee during currency of the CIRP – WAPCOS Ltd. Vs. D. Thakkar Constructions Pvt. Ltd. Through Ram Ratan Kanoongo – NCLAT New Delhi Read Post »

As per Section 42, once jurisdiction of a Court is invoked in the terms of the Section 9 of the Arbitration Act, 1996, the said Court shall have exclusive jurisdiction for subsequent applications – Naveen Garg Vs. Sanjay Aggarwal – Punjab & Haryana High Court

Login with GoogleOR Username Password Remember Me     Forgot Password In case you’ve already logged in, click here

As per Section 42, once jurisdiction of a Court is invoked in the terms of the Section 9 of the Arbitration Act, 1996, the said Court shall have exclusive jurisdiction for subsequent applications – Naveen Garg Vs. Sanjay Aggarwal – Punjab & Haryana High Court Read Post »

There is no provision under IBC 2016 to come out of the Liquidation Process once a liquidation is ordered – Jayashree Mohan Erstwhile Director of Corporate Debtor Vs. Pathukasahasram Raghunathan Raman Liquidator M/s. RA-NI Precast Pvt. Ltd. – NCLT Chennai Bench

The Adjudicating Authority held that the provisions of the IBC, 2016 treat CIRP and Liquidation Process as two separate stages and the procedures to be followed in each stage have been delineated by way of framing a separate regulation by the regulator. There is no provision under IBC 2016 to come out of the liquidation process once a liquidation is ordered, except by way of a Scheme under Section 230 of the Companies Act, 2013 or by Sale as a going concern and the provisions of IBC never envisaged for termination of liquidation process and as such the prayer sought by the Applicant transcends beyond the scope of IBC.

There is no provision under IBC 2016 to come out of the Liquidation Process once a liquidation is ordered – Jayashree Mohan Erstwhile Director of Corporate Debtor Vs. Pathukasahasram Raghunathan Raman Liquidator M/s. RA-NI Precast Pvt. Ltd. – NCLT Chennai Bench Read Post »

Scroll to Top