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Viceroy Hotels Ltd. Rep. by Karuchola Koteswara Rao Vs. Asset Reconstruction Company India Ltd. (ARCIL) – NCLT Hyderabad Bench

September 1, 2021

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Preferential transaction under Section 43 and distribution of liquidation assets under Section 53 – M/s. Kushal Traders Vs. Mr. T.V. Balasubramanian RP of Sholingur Textiles Ltd. – NCLAT Chennai

Whether proceedings under Section 37 of the Rajasthan Stamps Act could be continued while IBC proceedings have been initiated – Alchemist Asset and Reconstruction Company Ltd. Vs. Deputy Inspector General, Registration and Stamp (Tax Evasion) Rajasthan – Rajasthan High Court

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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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