29/07/2021

The Insolvency and Bankruptcy Code, 2016 is a complete Code, all concerned are required to comply with the express provisions of the Code without any deviation – M.P. Industrial Development Corporation Vs. Mr. Jagdish Parulkar RP for Madhya Pradesh Phosphate Pvt. Ltd. – NCLAT New Delhi

/ 11 minutes of reading

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The Insolvency and Bankruptcy Code, 2016 is a complete Code, all concerned are required to comply with the express provisions of the Code without any deviation – M.P. Industrial Development Corporation Vs. Mr. Jagdish Parulkar RP for Madhya Pradesh Phosphate Pvt. Ltd. – NCLAT New Delhi Read Post »

If Resolution Plan has already been approved by AA, an application challenging the entire CIRP is not permissible as per the provisions of IBC – Mr. Chandraiah Subramaniyan Vs. Digjam Ltd. & Ors. – NCLAT New Delhi

/ 3 minutes of reading

The Appellate Tribunal upheld decision of the Adjudicating Authority where Adjudicating Authority observed that the Resolution Plan has already been approved and the Appellant has filed the Application and challenging the entire Corporate Insolvency Resolution Process (CIRP) which is not permissible as per the provisions of IBC, therefore, the Ld. Adjudicating Authority has rejected the application as not maintainable.

If Resolution Plan has already been approved by AA, an application challenging the entire CIRP is not permissible as per the provisions of IBC – Mr. Chandraiah Subramaniyan Vs. Digjam Ltd. & Ors. – NCLAT New Delhi Read Post »

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