Insolvency & Bankruptcy Code
NCLAT sets aside Section 7 IBC application; lets Section 9 application run its due course
The Tribunal stated that if the withdrawal of the Section 9 Admission order was upheld and CIRP were to start afresh from the date of admission of the Section 7 Application, it would have resulted in an inadequate insolvency resolution of the corporate debtor.
NCLAT | Time taken for preparation of the certified copy of the order/judgment excluded for limitation under Section 61 of the Insolvency & Bankruptcy Code, 2016
National Company Law Appellate Tribunal: Dismissing a time-barred appeal, the Principal Bench of National Company Appellate Tribunal comprising of Ashok Bhushan, J.
Insolvency & Bankruptcy Code, 2016 (IBC)
by K.R. Bulchandani*
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