Tag: Section 7

An Application filed under Section 65 of the Code is maintainable after the Application under Section 7,9 or 10 is filed, and not after the admission: Hon’ble NCLAT.

An Application filed under Section 65 of the Code is maintainable after the Applications under Section 7,9 or 10 are filed, and not necessarily only after admission: Hon’ble NCLAT, New Delhi

Monday August 26, 2024. BY Malavika Sachin and Vaibhav Dash | Insolvency & Bankruptcy

Introduction: The Hon’ble NCLAT in a significant ruling, recently addressed a crucial issue in insolvency jurisprudence vide its Order dated 05.08.2024 in the matter of Devashree Developers Pvt. Ltd. and Ors. vs Aravali Cylinders Pvt.

Decision in Vidarbha Industries is the Exception not the Rule Supreme Court

Decision in Vidarbha Industries is the Exception not the Rule: Supreme Court

Friday May 12, 2023. BY Arjun Sathees | Insolvency & Bankruptcy

A Division Bench of the Supreme Court, comprising of Justice Abhay S. Oka and Justice Rajesh Bindal in M. Suresh Kumar Reddy v. Canara Bank & Ors.[1] vide Judgement dated 11.05.2023, has held that once