{"id":218369,"date":"2019-08-19T15:30:38","date_gmt":"2019-08-19T10:00:38","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=218369"},"modified":"2019-08-29T17:23:50","modified_gmt":"2019-08-29T11:53:50","slug":"nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/19\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\/","title":{"rendered":"NCLAT | Order of NCLT admitting S. 9 IBC application against &#8216;Sahara Q Shop&#8217; upheld"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>National Company Law Appellate Tribunal (NCLAT): <\/strong>Justice S.J. Mukhopadhaya, Chairperson and Justice A.I.S. Cheema, Member (Judicial) and Kanthi Narahari, Member (Technical), dismissed an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 against <strong>\u201cSahara Q Shop Unique Products Range Limited\u201d.<\/strong><\/p>\n<p style=\"text-align: justify;\">Gurumoorthi filed an application under Section 9 of I&amp;B Code against <strong>\u201cSahara Q Shop Unique Products Range Limited\u201d <\/strong>which was admitted by the impugned order dated 15-12-2017 passed by NCLT, Mumbai. Romi Datta, Shareholder of <strong>\u201cSahara Q Shop Unique Products Range Limited\u201d <\/strong>challenged the impugned order.<\/p>\n<p style=\"text-align: justify;\">Appellant was represented by Saurab Jain, Neha Gupta, Mustafa Alam, Simranjeet Singh and Siddharth Jain, Advocates. Whereas, the Respondents were represented by Advocates Divyanshu Sahay and Shradha Narayan.<\/p>\n<p style=\"text-align: justify;\">Appellant\u2019s counsel submitted that the impugned order was passed <em>ex-parte <\/em>and suffers various infirmities.<\/p>\n<p style=\"text-align: justify;\">In the appellant\u2019s view, the Supreme court of India has prohibited \u2018Sahara Group of Companies\u2019 to pay any amount to any person. Also in an ongoing contempt petition titled as \u2018SEBI v. SIRECL\u2019 and \u2018SEBI v. SHICL\u2019 respectively, \u2018Sahara Group of Companies\u2019 had sought permission to clear the unpaid salaries of employees. Order of the Supreme Court disposed of the said applications. Therefore, according to counsel for the appellant, <strong>\u201cSahara Q Shop Unique Products Range Limited\u201d\u2014(Corporate Debtor) cannot pay any amount even to Respondent 1\u2013 Operational Creditor and therefore no default can be alleged.<\/strong><\/p>\n<p style=\"text-align: justify;\">Further, counsel for Respondent 1 submitted that orders relied upon by the counsel for the appellant, have no implication on the \u2018Corporate Debtor\u2019 at hand because even after passing of the said orders, the \u2018Corporate Debtor\u2019 has paid salary until it voluntarily stopped paying. Besides, \u2018Sahara Group Companies\u2019 have even settled claims relating to \u2018Operational Debt\u2019 amounting to Rs 20 crores as recently as 30-04-2019.<\/p>\n<p style=\"text-align: justify;\">Tribunal on hearing the submissions of the parties and on perusal of the record, found that except vague statements by the appellant, there is nothing on record to suggest that Supreme Court passed a specific order prohibiting Sahara Q Shop Unique Products Range Limited\u201d to release or pay any amount.<\/p>\n<p style=\"text-align: justify;\">Also, Tribunal found that, on order passed by Adjudicating Authority (NCLT, Mumbai), it appeared that \u201cSahara Hospitality Limited\u201d has settled the claim of \u201cDelta Electro-Mechanical Private Limited\u201d (Operational Creditor) amounting to Rs 20 crores.<\/p>\n<p style=\"text-align: justify;\">Therefore, in the above view, Tribunal denied interfering with the impugned order dated 15-12-2017 and dismissed the appeal. [Romi Dutta v. S. Gurumoorthy, <a href=\"http:\/\/scconline.com\/DocumentLink\/Q1fhh9kC\"><b>2019 SCC OnLine NCLAT 448<\/b><\/a>, decided on 14-08-2019]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>National Company Law Appellate Tribunal (NCLAT): Justice S.J. Mukhopadhaya, Chairperson and Justice A.I.S. Cheema, Member (Judicial) and Kanthi Narahari, Member (Technical), dismissed <\/p>\n","protected":false},"author":8808,"featured_media":153604,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,11],"tags":[31574,37123,37125,36427,37124],"class_list":["post-218369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casebriefs","category-tribunals_commissions_regulatorybodies","tag-ex-parte-order","tag-sahara-q-shop","tag-salary-to-eployees","tag-section-9-ibc","tag-vague-statements"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NCLAT | Order of NCLT admitting S. 9 IBC application against &#039;Sahara Q Shop&#039; upheld | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/19\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NCLAT | Order of NCLT admitting S. 9 IBC application against &#039;Sahara Q Shop&#039; upheld\" \/>\n<meta property=\"og:description\" content=\"National Company Law Appellate Tribunal (NCLAT): Justice S.J. Mukhopadhaya, Chairperson and Justice A.I.S. Cheema, Member (Judicial) and Kanthi Narahari, Member (Technical), dismissed\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/19\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-19T10:00:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-08-29T11:53:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1330\" \/>\n\t<meta property=\"og:image:height\" content=\"844\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bhumika Indulia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bhumika Indulia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/08\\\/19\\\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/08\\\/19\\\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\\\/\"},\"author\":{\"name\":\"Bhumika Indulia\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/919ec47cc1b871b362af05740398033a\"},\"headline\":\"NCLAT | Order of NCLT admitting S. 9 IBC application against &#8216;Sahara Q Shop&#8217; upheld\",\"datePublished\":\"2019-08-19T10:00:38+00:00\",\"dateModified\":\"2019-08-29T11:53:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/08\\\/19\\\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\\\/\"},\"wordCount\":421,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/08\\\/19\\\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2017\\\/08\\\/NCLAT.jpg\",\"keywords\":[\"Ex-parte Order\",\"Sahara Q Shop\",\"Salary to Eployees\",\"Section 9 IBC\",\"Vague Statements\"],\"articleSection\":[\"Case Briefs\",\"Tribunals\\\/Commissions\\\/Regulatory Bodies\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/08\\\/19\\\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/08\\\/19\\\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\\\/\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/08\\\/19\\\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\\\/\",\"name\":\"NCLAT | Order of NCLT admitting S. 9 IBC application against 'Sahara Q Shop' upheld | SCC Times\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/08\\\/19\\\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/08\\\/19\\\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2017\\\/08\\\/NCLAT.jpg\",\"datePublished\":\"2019-08-19T10:00:38+00:00\",\"dateModified\":\"2019-08-29T11:53:50+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/919ec47cc1b871b362af05740398033a\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/08\\\/19\\\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/08\\\/19\\\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/08\\\/19\\\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2017\\\/08\\\/NCLAT.jpg\",\"contentUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2017\\\/08\\\/NCLAT.jpg\",\"width\":1330,\"height\":844},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/08\\\/19\\\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NCLAT | Order of NCLT admitting S. 9 IBC application against &#8216;Sahara Q Shop&#8217; upheld\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/919ec47cc1b871b362af05740398033a\",\"name\":\"Bhumika Indulia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/Me-150x150.jpg\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/Me-150x150.jpg\",\"contentUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/Me-150x150.jpg\",\"caption\":\"Bhumika Indulia\"},\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/author\\\/editor_1\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"NCLAT | Order of NCLT admitting S. 9 IBC application against 'Sahara Q Shop' upheld | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/19\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\/","og_locale":"en_US","og_type":"article","og_title":"NCLAT | Order of NCLT admitting S. 9 IBC application against 'Sahara Q Shop' upheld","og_description":"National Company Law Appellate Tribunal (NCLAT): Justice S.J. Mukhopadhaya, Chairperson and Justice A.I.S. Cheema, Member (Judicial) and Kanthi Narahari, Member (Technical), dismissed","og_url":"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/19\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2019-08-19T10:00:38+00:00","article_modified_time":"2019-08-29T11:53:50+00:00","og_image":[{"width":1330,"height":844,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg","type":"image\/jpeg"}],"author":"Bhumika Indulia","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Bhumika Indulia","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/19\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\/#article","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/19\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\/"},"author":{"name":"Bhumika Indulia","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a"},"headline":"NCLAT | Order of NCLT admitting S. 9 IBC application against &#8216;Sahara Q Shop&#8217; upheld","datePublished":"2019-08-19T10:00:38+00:00","dateModified":"2019-08-29T11:53:50+00:00","mainEntityOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/19\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\/"},"wordCount":421,"commentCount":0,"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/19\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg","keywords":["Ex-parte Order","Sahara Q Shop","Salary to Eployees","Section 9 IBC","Vague Statements"],"articleSection":["Case Briefs","Tribunals\/Commissions\/Regulatory Bodies"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.scconline.com\/blog\/post\/2019\/08\/19\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/19\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\/","url":"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/19\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\/","name":"NCLAT | Order of NCLT admitting S. 9 IBC application against 'Sahara Q Shop' upheld | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/19\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\/#primaryimage"},"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/19\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg","datePublished":"2019-08-19T10:00:38+00:00","dateModified":"2019-08-29T11:53:50+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/19\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2019\/08\/19\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/19\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\/#primaryimage","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg","width":1330,"height":844},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/19\/nclat-order-of-nclt-admitting-s-9-ibc-application-against-sahara-q-shop-upheld\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"NCLAT | Order of NCLT admitting S. 9 IBC application against &#8216;Sahara Q Shop&#8217; upheld"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a","name":"Bhumika Indulia","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg","caption":"Bhumika Indulia"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_1\/"}]}},"jetpack_featured_media_url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":270339,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/07\/19\/nclt-sahara-hospitality-to-go-through-corporate-insolvency-process\/","url_meta":{"origin":218369,"position":0},"title":"NCLT| Sahara Hospitality to go through Corporate Insolvency Process","author":"Editor","date":"July 19, 2022","format":false,"excerpt":"\u00a0 \u00a0 National Company Law Tribunal, Mumbai: The Bench of P.N. Deshmukh, J., Judicial Member, and Shyam Babu Gautam, Technical Member admitted an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) for the initiation of Corporate Insolvency Resolution Process (CIRP) against Sahara Hospitality Ltd. (Sahara).\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Financial Creditor","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/NCLT.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/NCLT.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/NCLT.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/NCLT.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/NCLT.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":219804,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/09\/21\/nclat-nclt-new-delhi-in-terms-of-s-601-ibc-held-to-have-jurisdiction-in-s-7-application-against-corporate-debtor-having-properties-in-up\/","url_meta":{"origin":218369,"position":1},"title":"NCLAT | NCLT, New Delhi in terms of S. 60(1) IBC, held to have jurisdiction in S. 7 application against Corporate Debtor having properties in UP","author":"Bhumika Indulia","date":"September 21, 2019","format":false,"excerpt":"National Company Appellate Tribunal (NCLAT):\u00a0A Bench of Justice S.J. Mukhopadhaya (Chairperson); Justice A.I.S Cheema, Member (Judicial) and Kanthi Narahari, Member (Technical) dismissed an appeal filed by the appellant-Director of Corporate Debtor against the order of the National Company Law Appellate Tribunal (New Delhi) whereby it had admitted the application filed\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":287175,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/03\/18\/nclat-upholds-nclt-saving-resolution-plan-against-posco-pune-legal-research-legal-news-updates\/","url_meta":{"origin":218369,"position":2},"title":"NCLAT upholds NCLT&#8217;s rejection to dislodge resolution plan against POSCO India Processing Center Private Limited","author":"Ridhi","date":"March 18, 2023","format":false,"excerpt":"NCLAT observed that allowing present appeal holding the Successful Resolution Applicant ineligible would automatically make the resolution plan redundant.","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"National Company Law Appellate Tribunal","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-458.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-458.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-458.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-458.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":290403,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/04\/24\/agreement-arbitration-clause-dispute-nclt-section-9-ibc-application-admitted-nclat-no-bar-appeal-dismissed-scc-blog-legal-research-news\/","url_meta":{"origin":218369,"position":3},"title":"No embargo on Operational Creditor to file application u\/S 9 IBC, even if agreement has an arbitration clause: NCLAT","author":"Ritu","date":"April 24, 2023","format":false,"excerpt":"The scope and objective of the Code is \u2018Resolution\u2019, and not a \u2018Recovery Mode \/ Forum\u2019.","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"National Company Law Appellate Tribunal","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-458.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-458.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-458.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-458.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":209399,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/02\/04\/nclat-parties-may-settle-the-claim-in-interregnum-of-filing-of-application-under-s-7-ibc-and-constitution-of-committee-of-creditors\/","url_meta":{"origin":218369,"position":4},"title":"NCLAT | Parties may settle the claim in interregnum of filing of application under S. 7 IBC and constitution of Committee of Creditors","author":"Bhumika Indulia","date":"February 4, 2019","format":false,"excerpt":"National Company Law Appellate Tribunal (NCLAT): The Bench of Justice S.J. Mukhopadhaya, Chairperson and Justice Bansi Lal Bhat, Member (Judicial) allowed an appeal filed against the order of National Company Law Tribunal (New Delhi) whereby it had admitted respondent's\u00a0application under Section 7 of the Insolvency and Bankruptcy Code, 2016 and\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":219161,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/09\/05\/nclat-pre-existing-dispute-regarding-salary-payable-renders-s-9-ibc-application-not-maintainable\/","url_meta":{"origin":218369,"position":5},"title":"NCLAT | Pre-existing dispute regarding salary payable renders S. 9 IBC application not maintainable","author":"Bhumika Indulia","date":"September 5, 2019","format":false,"excerpt":"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 Narahari, Member (Technical) declared an appeal filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 not maintainable in view of the pre-existing dispute. In the present\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/218369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=218369"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/218369\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/153604"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=218369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=218369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=218369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}