12/07/2018

Promoter cannot challenge rejection of Resolution Plan as he is not proposed to know as to whether the resolution plan was in accordance with Sec. 30(2) or not- Deepak Singhania Vs. LML Ltd. & Ors.- NCLAT

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Promoter cannot challenge rejection of Resolution Plan as he is not proposed to know as to whether the resolution plan was in accordance with Sec. 30(2) or not- Deepak Singhania Vs. LML Ltd. & Ors.- NCLAT Read Post »

Mere fact that the company paid interest during certain period cannot be the ground to hold that the debt comes within the meaning of Financial Debt – Sanjay Kewalramani Vs. Sunil Parmanand Kewalramani & Ors.- NCLAT

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Mere fact that the company paid interest during certain period cannot be the ground to hold that the debt comes within the meaning of Financial Debt – Sanjay Kewalramani Vs. Sunil Parmanand Kewalramani & Ors.- NCLAT Read Post »

During the process of investigation and pendency of an application under Section 241(2) read with Section 242 of the Companies Act, 2013 and in view of powers conferred under Section 221, the Tribunal/NCLT is not only empowered to pass appropriate interim order against the Company but also against any person or individual, including the order to desist – Union of India, Ministry of Corporate Affairs Vs. Gitanjali Gems Ltd. and Ors. – NCLAT New Delhi

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During the process of investigation and pendency of an application under Section 241(2) read with Section 242 of the Companies Act, 2013 and in view of powers conferred under Section 221, the Tribunal/NCLT is not only empowered to pass appropriate interim order against the Company but also against any person or individual, including the order to desist – Union of India, Ministry of Corporate Affairs Vs. Gitanjali Gems Ltd. and Ors. – NCLAT New Delhi Read Post »

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