22/08/2019

Sub-section (3) (a) of Section 43 of the IBC makes it clear that Preferential Transaction does not include transfer made in the ordinary course of the business or financial affairs of the Corporate Debtor or the transferee – ICICI Bank Ltd Vs. Mr. Shailendra Ajmera, the Resolution Professional of Ruchi Soya Industries Limited – NCLAT New Delhi

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Sub-section (3) (a) of Section 43 of the IBC makes it clear that Preferential Transaction does not include transfer made in the ordinary course of the business or financial affairs of the Corporate Debtor or the transferee – ICICI Bank Ltd Vs. Mr. Shailendra Ajmera, the Resolution Professional of Ruchi Soya Industries Limited – NCLAT New Delhi Read Post »

If the Application under Section 7 is admitted, in such case also, the Interim Resolution Professional is bound to keep the Corporate Debtor as going concern – Cane Development Council Vs. Oriental Bank of Commerce & Anr – NCLAT New Delhi

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If the Application under Section 7 is admitted, in such case also, the Interim Resolution Professional is bound to keep the Corporate Debtor as going concern – Cane Development Council Vs. Oriental Bank of Commerce & Anr – NCLAT New Delhi Read Post »

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