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14613900 2022 TaxPub(CL) 2030 (NCLT- Ahd) Silicon Jewel Industries (P) Ltd & Ors v Kailash T Shah Application Disposed of, NCLT- Ahd, IA No 758 of 2021 in CP (IB) No 72/NCLT/AHM/2018, 29-Jun-2022

14610300 2022 TaxPub(CL) 1994 (NCLT- Hyd) Avasarala Venkateswara Rao v State Bank of India & Ors NCLT- Hyd, CP (IB) No 51/94 of IBC/HDB/2021, 21-Jun-2022

14612700 2022 TaxPub(CL) 2018 (NCLT- Ahd) Nana Layja Power Co Ltd, In re NCLT- Ahd, CP(IB)/231(AHM)2021, 20-Jun-2022

14614400 2022 TaxPub(CL) 2035 (NCLT- New Del) Tarannom Shargh International Transportation Co v Lark Logistics (P) Ltd NCLT- New Del, IB-139/(ND)/2021, 20-Jun-2022

14364700Sections 60 & 30 Adjudicating Authority for corporate persons Application against non-consideration of revised plan by CoC Resolution plan of successful resolution applicant approved in violation of section 30 Violation of principles of natural justice by RP as well as CoC -- Applicant submitted its revised resolution plan before Committee of Creditors (CoC), but the same was not considered by the CoC. Further, the CoC approved resolution plan of successful resolution applicant. The applicant filed an application against the decision of the CoC and for direction to Resolution Professional (RP) to place its revised resolution plan before the CoC as there was violation of principles of natural justice. The RP and the CoC averred that the applicant did not submit the re......
2022 TaxPub(CL) 1679 (NCLT-All) Rathi Graphic Technologies Ltd. v. Raj Kumar Rathi & Ors. In favour of Applicant, NCLT-All, IA No. 31/2021 & IA No. 293/2020 in CP (IB) No. 325/ALD/2019, 13-Jun-2022

14527200Section 7 Initiation of CIRP - Contention of failure by corporate debtor in payment of outstanding dues - Absence of written contract in relation to financial debt - Whether such application is maintainable -- An application was filed for initiating CIRP. The financial creditor failed to submit any written contract or promissory note or any documents evidencing the existence of financial debt. Bank statement reflected transaction between the parties. Audit report was silent about such debt. Held: Although written contract is not a prerequisite for existence of any debt but a corporate debtor could not be dragged into CIRP for any mala fide reason. Thus, the application was dismiss......
2022 TaxPub(CL) 1744 (NCLT-Mum) Gateway Offshore (P) Ltd. v. Runwal Realtors (P) Ltd. Petition Dismissed, NCLT-Mum, CP (IB) 954/MB/C-I/2019, 10-Jun-2022

14609700 2022 TaxPub(CL) 1988 (NCLT- New Del) Alig International v Nikhil Footwear (P) Ltd Appeal Dismissed, NCLT- New Del, IB-1424/(ND)/2019, 10-Jun-2022

14611700 2022 TaxPub(CL) 2008 (NCLT- Hyd) Gonugunta Murali, In re Application Disposed of, NCLT- Hyd, CA No 420 of 2021 in CP (IB) No 246/09/HDB/2020, 09-Jun-2022

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