NCLT Kolkata admits 104-year-old government company into insolvency process
The Kolkata bench also clarified that even though Bridge and Roof was a government-owned company, it fell under the purview of the IBC.
Source: barandbench.com
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IBC | Claim Submitted With Proof Cannot Be Overlooked Merely Because It Was Submitted In Wrong Form: Supreme Court
The Supreme Court on Monday (February 12) observed that the claim submitted by the Resolution Applicant (“RA”) under the Corporate Insolvency Resolution Process (“CIRP”) cannot be rejected/overlooked...
Source: livelaw.in
NCLT issues notice in Surfer Technolgoies' insolvency plea against Byju's
During the course of the hearing, Surfer argued that Byju's owes them Rs. 2.3 crore and all of them are admitted debts.
Source: moneycontrol.com
NCLAT rejects plea to initiate insolvency proceedings against Aditya Birla Fashion, ET Retail
However, the NCLAT also said, "We do not agree with the finding of the Adjudicating Authority that the Section 9 application was time-barred and hit by limitation". Meanwhile, the appellate tribunal said the operational creditor has the liberty to seek remedy of its contractual disputes before any other appropriate forum.
Source: indiatimes.com
NCLAT rejects plea to initiate insolvency proceedings against Aditya Birla Fashion
However, the NCLAT also said, "We do not agree with the finding of the Adjudicating Authority that the Section 9 application was time-barred and hit by limitation". Meanwhile, the appellate tribunal said the operational creditor has the liberty to seek remedy of its contractual disputes before any other appropriate forum.
Source: indiatimes.com