Resolution Plan
Case BriefsSupreme Court

The dues shown payable to the appellant was Rs. 13,47,40,819 while the appellant claimed it to be Rs. 43,40,31,951.

Section 29A of IBC
Case BriefsHigh Courts

Supreme Court observed that the law laid in Digambar Anandrao Pingle (supra) by NCLAT was not correct, and that the date of submission of resolution plan has to be the cut off date.

bombay high court
Case BriefsHigh Courts

Bombay High Court considered the question of whether there is anything inconsistent in the 1996 Act as against Sections 7 to 9 of IBC Code for the said IBC provisions to prevail.

Op EdsOP. ED.

by Lavanya Pathak† and Akshay Sharma††

jharkhand high court
Case BriefsHigh Courts

Jharkhand High Court clarified that Section 233 of Insolvency and Bankruptcy Code (‘IBC Code’) gives protection to a resolution professional from criminal prosecution for acts in good faith, and not where he has been apprehended red-handed with the bribe amount.

Section 12-A of IBC
Case BriefsSupreme Court

Supreme Court clarified that the substituted Regulation 30-A of IBBI Regulations clearly provided for withdrawal applications being entertained before constitution of Committee of Creditors.

National Company Law Appellate Tribunal
Case BriefsTribunals/Commissions/Regulatory Bodies

NCLAT observed that allowing present appeal holding the Successful Resolution Applicant ineligible would automatically make the resolution plan redundant.