Uttam Galva Metallics Limited

Adjudicating Authority is not authorized/competent to determine the legality of the order of rejection of restructuring plan – Archisha Steels Private Limited Vs. State Bank of India and Anr.- NCLAT

It is not the case of the Appellant that there is no debt payable in law or in fact. Whatever grounds have been taken relate to legality of order of rejection dated 22nd December, 2017 by the ‘State Bank of India’ relating to restructuring plan which cannot be decided in the application under Section 7 of the ‘I&B Code’ as the Adjudicating Authority is not authorized/competent to determine the legality of the order of rejection of restructuring plan dated 22nd December, 2017. Whether the refusal to disburse the committed loan amounts led to complete failure of the ‘Corporate Debtor’s expansion plan also cannot be taken into consideration to hold that there is no debt due and payable.

Adjudicating Authority is not authorized/competent to determine the legality of the order of rejection of restructuring plan – Archisha Steels Private Limited Vs. State Bank of India and Anr.- NCLAT Read Post »

Whether a demand notice of an unpaid operational debt can be issued by a lawyer on behalf of the operational creditor? – Macquarie Bank Limited Vs. Shilpi Cable Technologies Ltd – Supreme Court

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Whether a demand notice of an unpaid operational debt can be issued by a lawyer on behalf of the operational creditor? – Macquarie Bank Limited Vs. Shilpi Cable Technologies Ltd – Supreme Court Read Post »

Whether the petitioner does not have the locus standi to file the instant petition, having already been reimbursed by the insurer of the goods? – Macquarie Bank Limited Vs. Uttam Galva Metallics Limited -NCLT Chandigarh Bench

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Whether the petitioner does not have the locus standi to file the instant petition, having already been reimbursed by the insurer of the goods? – Macquarie Bank Limited Vs. Uttam Galva Metallics Limited -NCLT Chandigarh Bench Read Post »

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