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Santanu T. Ray, RP of Shree Vaishnav Casting Pvt. Ltd. Vs. Maharashtra Industrial Development Corporation Ltd. – NCLT Mumbai Bench

April 12, 2017

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If any party has made erroneous averments in the Company Petition, the party may suffer for the same, but cannot take advantage of his own mistake, by filing affidavit and amendment petition and then to make conditional prayer for withdrawal of one or other petition – Mrs. Sonia Khosla Vs. Mr. Sameer Kudsia & Ors. – NCLAT New Delhi

Prideco Commercial Projects Pvt. Ltd. Vs. Era Infra Engineering Ltd. – NCLT Principal Bench, New Delhi Bench

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Section 5(7) clearly provides that an assignee of a financial debt is also a financial creditor & hence the petition is well within the ambit of Section 7 of the Code- M/s. Edelweiss Asset Reconstruction Co. Ltd. Vs. M/s. Murli Industries Ltd. -NCLT

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