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interim resolution professional

National Company Law Tribunal
Case BriefsTribunals/Commissions/Regulatory Bodies

NCLT approves replacement of IRP with Insolvency Professional Entity based on CoC’s resolution & IBC’s timeline

The NCLT noted that Form AA, meant for individual Insolvency Professionals, had been modified by the Insolvency Professional Entity to fit its consent as no separate form for IPEs exists.

Published on July 31, 2024August 17, 2024By Ritu
Leave a comment7125 views
National Company Law Tribunal
Case BriefsTribunals/Commissions/Regulatory Bodies

NCLT initiates corporate insolvency proceedings against Himalayan Mineral Water

The application is filed by Jammu and Kashmir Bank against the Himalayan Mineral Waters Private Limited for a total financial debt of Rs. 50,04,38,456/- for the credit facilities availed by Leel Electricals.

Published on June 11, 2024June 28, 2024By Ritu
Leave a comment1870 views
Case BriefsSupreme Court

Court appointed IRP Anuj Jain’s arrest over Yamuna Expressway accident killing 7 appalling; SC directs immediate release; issues notice to Investigating Officer

Supreme Court: Appalled with the arrest of Anuj Jain, the Interim Resolution Professional of the company managing the Yamuna Expressway, in connection

Published on March 3, 2021March 5, 2021By Prachi Bhardwaj
Leave a comment4250 views
Case BriefsTribunals/Commissions/Regulatory Bodies

NCLAT | Notice issued to Financial Creditor for failing to reach settlement despite accepting settlement amount; filing of S. 7 IBC application with malicious intent to be considered

National Company Law Appellate Tribunal (NCLAT): The Coram comprising of Justice S.J. Mukhopadhaya, Chairperson and Alok Srivastava, Member (Technical), while deciding an

Published on February 24, 2020February 26, 2020By Bhumika Indulia
Leave a comment2558 views
Case BriefsTribunals/Commissions/Regulatory Bodies

NCLAT | Pre-existing dispute regarding salary payable renders S. 9 IBC application not maintainable

National Company Law Appellate Tribunal (NCLAT), New Delhi: The Bench comprising of S.J. Mukhopadhaya (Chairperson) and A.I.S Cheema, Member (Technical) and Kanthi

Published on September 5, 2019September 13, 2019By Bhumika Indulia
Leave a comment3855 views
Case BriefsHigh Courts

NCLAT | Jet Airways -— NCLT order declaring insolvency proceedings in Netherlands as not maintainable stayed

National Company Law Appellate Tribunal (NCLAT), New Delhi: The 3-Judge Member Bench comprising of Justice S.J. Mukhopadhaya (Chairperson) and Justice A.I.S Cheema

Published on July 15, 2019July 18, 2019By Bhumika Indulia
Leave a comment4296 views
Case BriefsTribunals/Commissions/Regulatory Bodies

NCLAT | Parties may settle the claim in interregnum of filing of application under S. 7 IBC and constitution of Committee of Creditors

National Company Law Appellate Tribunal (NCLAT): The Bench of Justice S.J. Mukhopadhaya, Chairperson and Justice Bansi Lal Bhat, Member (Judicial) allowed an

Published on February 4, 2019February 12, 2019By Bhumika Indulia
Leave a comment4072 views
Case BriefsTribunals/Commissions/Regulatory Bodies

NCLT not to entertain application under Section 9 I&B Code before expiry of 10 days from date of giving notice under Section 8(1): NCLAT

National Company Law Appellate Tribunal (NCLAT): A two-member bench comprising of Justice S.J. Mukhopadhaya, Chairperson and Justice Bansi Lal Bhat, Member (Judicial)

Published on October 18, 2018February 6, 2019By Bhumika Indulia
Leave a comment4013 views
Case BriefsTribunals/Commissions/Regulatory Bodies

NCLT admits Bank of Baroda’s insolvency plea against Amrapali Silicon City Pvt. Ltd.; appoints Interim Resolution Professional

National Company Law Tribunal, Principal Bench: Bank of Baroda, the Financial Creditor filed an application to trigger the Corporate Insolvency Resolution Process

Published on September 14, 2017October 27, 2017By Saba
Leave a comment4261 views

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