Libertatem Magazine

Harshul Sharma

Harshul Sharma

Insolvency Resolution Process Appointed Against Anil Ambani by NCLT

In the case of State Bank of India (SBI) vs Anil Dhirajlal Ambani, the National Company Law Tribunal (NCLT), Mumbai decided to appoint an insolvency resolution process in a Rs 1200 crore case filed by SBI. The financial creditor filed the application against the respondent seeking urgent hearings and orders

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No Insolvency for Disputes Which Are Not Pre-Existing: NCLAT

In the case of M/s Allied Silica Ltd. vs M/s Tata Chemicals Ltd., the appellant filed the case against the judgment passed by National Company Law Tribunal (NCLT), Mumbai which was pronounced on 15th November 2019. The adjudicating authority, i.e. NCLT, Mumbai rejected the application of insolvency filed under section 9

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Appeal Must Be Filed Within 45 Days of Public Announcement: NCLAT

In the case of Girish Baduni vs Punjab National Bank, an appeal was filed against the order dated 20th September 2019 which was duly passed by National Company Law Tribunal (NCLT), Jaipur. The appeal was filed under section 61 of IBC, 2016. NCLT, Jaipur admitted the application filed by respondent no.

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Decree Holder Cannot Initiate CIRP as Financial Creditors: NCLAT

In the case of Sushil Ansal vs Ashok Tripathi & Ors, the National Company Law Appellate Tribunal (NCLAT), New Delhi diluted the interest of decree holders under IBC. The appellate tribunal stated that the decree-holder could not be a financial creditor solely to initiate Corporate Insolvency Resolution Process (CIRP). The

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IBC Cannot Substitute a Recovery Forum: NCLAT

In the case of M/s Kuntal Construction Pvt Ltd vs. M/s Bharat Hotels Ltd, the Appellant filed an appeal against the order dated 30th January 2020 by National Company Law Tribunal, New Delhi. The appeal was filed under Section 61 of Insolvency and Bankruptcy Code (IBC), 2016, so as to

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No Insolvency for Disputes Which Are Not Pre-Existing

In the case of M/s Allied Silica Ltd. vs. M/s Tata Chemicals Ltd., the appellant filed the case against the judgment passed by National Company Law Tribunal (NCLT), Mumbai which was pronounced on 15th November 2019. The adjudicating authority i.e. NCLT, Mumbai rejected the application of insolvency filed under section

Read Article »

Insolvency Resolution Passed Against Anil Ambani

In the case of State Bank of India (SBI) vs Anil Dhirajlal Ambani, the National Company Law Tribunal (NCLT), Mumbai decided to appoint an insolvency resolution process in a Rs 1200 crore case filed by SBI. The financial creditor filed the application against the respondent seeking urgent hearings and orders

Read Article »