News Muncher - searching for rp

1 day, 7 hours ago

Once CoC Approves Resolution Plan Then No Claim Is To Be Entertained: NCLAT

Live Law

The NCLAT New Delhi bench of Justice Rakesh Kumar Jain, Mr. Barun Mitra and Mr. Indevar Pandey have reiterated that once the Committee of Creditor has approved the resolution plan, then no claim is to be entertained. Counsel for the Respondent stated that IBC is a time-bound process and drew attention to the case of M/s RPS Infrastructure Ltd. vs. …

Claims Resolution Plan Tribunal Claim Irp Sra Appellant

6 days ago

Copy Of Other Prospective Resolution Applicants' Plans Cannot Be Shared When Suspended Management Is Also A Resolution Applicant: NCLAT

Live Law

The NCLAT New Delhi bench of Justice Ashok Bhushan and Mr. Barun Mitra has held that copy of the Resolution Plans submitted by other Prospective Resolution Applicants cannot be shared in advance with the suspended management of the corporate debtor when the suspended management is also a Resolution Applicant. It was further submitted that the CoC had approved the resolution …

Resolution Applicant Tribunal Plan Plans Shared Suspended

6 days, 17 hours ago

AP Plans Digitalisation, Streamlining of Land Records, Says Anaganai Satyaprasad

Deccan Chronicle

Visakhapatnam: Revenue, Stamps and Registration Minister Anaganai Satyaprasad has announced plans to streamline and digitize all revenue records, so as to simplify the land registration process. Satyaprasad emphasized the government's commitment to providing services in a proper environment and discussed various issues during the regional revenue conference for North Andhra districts here on Tuesday. Special principal secretary RP Sisodia urged …

Land Revenue

1 week, 1 day ago

Let’s talk about ‘one candidate, multiple constituencies’

The Hindu

Ever since the panel for ‘One Nation One Election’ led by the former President of India, Ram Nath Kovind, recommended simultaneous elections to the Lok Sabha and State Legislative Assemblies, much has been written on its positive and negative aspects, the practical considerations and of course the politics around the subject. This resulted in candidates contesting from multiple constituencies, sometimes …

India Elections Constitution Political Election Party Eci

2 weeks, 5 days ago

All Claims Including Subject Matter Of Ongoing Arbitration Proceedings Stand Extinguished After Approval Of Resolution Plan: NCLT Bengaluru

Live Law

The NCLT Bengaluru bench of K. Biswal and Shri Manoj Kumar Dubey has held that all claims including subject matter of ongoing arbitration proceedings will stand extinguished after the approval of the Resolution Plan under section 31 of the Code. It was further submitted that any attempt to extinguish ECPWPL's Claim through the resolution plan would be unjust and detrimental …

Arbitration Resolution Applicant Claims Resolution Plan Project Tribunal

2 weeks, 5 days ago

Resolution Professional Cannot Be Faulted To Revise Plans Multiple Times As Per Instructions Of CoC: NCLAT

Live Law

The NCLAT New Delhi bench of Justice Ashok Bhushan and Barun Mitra has held that adverse remarks cannot be passed by the Adjudicating Authority against the RP for performing his duties in accordance with the commercial wisdom of the CoC. Thus, when there is no mandatory requirement to use the evaluation matrix to identify the best resolution plan and the …

Resolution Wisdom Tribunal Plan Plans Authority Coc

3 weeks ago

Decision To Consolidate CIRP Can Be Taken By CoC And Not By Suspended Director Of Corporate Debtors: NCLT Hyderabad

Live Law

The NCLT Hyderabad bench of Sri Rajeev Bhardwaj and Sri Sanjay Puri has affirmed that the decision to consolidate, or not, rests with the CoCs, who are not only better equipped to make such determinations but also have a vested interest in the outcome, and whose commercial wisdom is paramount in insolvency matters and beyond judicial review Brief Facts This …

Corporate Director Resolution Case Consolidation Tribunal Nclt

3 weeks, 1 day ago

Pre-CIRP Dues Cannot Be Recovered After Admission Of Corporate Debtor Into Insolvency: NCLAT

Live Law

The NCLAT Chennai bench of Justice Rakesh Kumar Jain and Mr. Ajai Das Mehrotra has held that pre-CIRP dues cannot be recovered once the corporate debtor is admitted into insolvency due to moratorium under section 14 of the code. 108.44 Crores was deposited by the Corporate Debtor as payment security mechanism and the same is for transmission charges dues payable …

Security Corporate Court Insolvency Resolution Corporate Debtor Power

3 weeks, 4 days ago

Noida authority nod for Safe City project to install CCTV cameras across city

Hindustan Times

The Noida authority said it has approved the detailed project report of Safe City project, under which 2,100 CCTV cameras will be installed at 212 locations in Noida with an aim to put the city under e-surveillance for the safety of citizens. Noida authority nod for Safe City project to install CCTV cameras across city Officials said chief executive officer …

Cameras City Safe Project Singh Iit Safe City

3 weeks, 4 days ago

CoC recommends EY honcho as new liquidator in Go First case

Live Mint

New Delhi: The Committee of Creditors of the bankrupt airline Go First has voted to appoint Dinkar Venkatasubramanian as the liquidator for the airline’s liquidation proceedings. Third-party foreign funding In the case, the resolution professional had also requested the NCLT’s approval for third-party funding from a US-based entity to support Go First’s arbitration case against engine maker Pratt & Whitney …

India Arbitration Insolvency Funding Nclt Coc Liquidation

1 month ago

Sanjiv Goenka, owner of Lucknow Supergiants, has a net worth of $4 billion: Forbes

Hindustan Times

The IPL 2025 Mega auction is here and all the 10 teams are ready to lock horns for the players. Sanjv Goenka’s Lucknow Super Giants will be looking to overhaul their squad after last season’s disappointment. Goenka is a billionaire business tycoon who has a net worth of $4 billion, according to Forbes. The companies run by the Lucknow Super …

Forbes Super Goenka Sanjiv Goenka Sanjiv

1 month ago

Border-Gavaskar Trophy 2024-25: Rishabh Pant Dazzles Perth With Astonishing 'Falling' Six | WATCH

ABP News

Border-Gavaskar Trophy 2024-25: Rishabh Pant produced yet another 'Magical RP Moment' as the Indian wicket-keeper batsman smashed Pat Cummins for an astonishing and outrageous six in the first Test match at the Optus Stadium in Perth. Watch the viral video here: The hit left everyone in the stands amused, and even commentators could not find words to define or explain …

India Rishabh Pant Pant Perth Rishabh

1 month ago

Explosion rocks Telangana temple, priest hospitalised with severe injuries

Live Mint

A priest in Telangana was hospitalised on Monday after suffering serious injuries in an explosion. Temple priest Sugunaram was clearing away some garbage and vegetation from the pavement near the Praja Prathi Sri Sri Yade Mata Mandir premises. The Rajender Nagar ACP told ANI that he was taken to the hospital with severe injuries and reportedly remains in a critical …

Injuries Hospital Burn Injuries Blast Remains Rocks Telangana

1 month ago

Development Rights Constitute Property U/S 3(27) Of IBC, Can Be Included In Information Memorandum By RP U/S 29 Of Code: NCLAT

Live Law

The NCLAT New Delhi bench of Justice Ashok Bhushan and Barun Mitra affirmed that development rights are property within the meaning of section 3 of the IBC which can be included in the Information Memorandum by Resolution Professional under section 29 of the IBC. The Tribunal further observed that the Adjudicating Authority has jurisdiction to enter into as to whether …

India Bengaluru Development Corporate Property Rights Collaboration

1 month ago

Interest On Operational Debt Cannot Be Claimed If There Is No Clause In Agreement For Payment Of Interest: NCLAT

Live Law

The NLCAT New Delhi bench of Justice Ashok Bhushan and Barun Mitra held that no interest on principal amount can be claimed if there is no clause to this effect in the agreement executed between the parties. The RP has also filed reply to the Supplementary Affidavit, which was filed by the Appellant, with regard to interest, it was pleaded …

Corporate Debt Interest Payment Agreement Nclt Filed

1 month, 1 week ago

Corporate Debtor's Property Cannot Be Recovered By Owner/Lessor During Moratorium Period U/S 14 Of IBC: NCLAT

Live Law

The NCLAT New Delhi bench of Justice Rakesh Kumar Jain, Mr. Naresh Salecha and Mr. Indevar Pandey affirmed that properties occupied by the corporate debtor cannot be recovered by owner/lessor during the moratorium period under section 14 of the IBC. Following alleged defaults in repayment by the CD, two conveyance deeds dated 27.02.2020 were executed, resulting in the sale of …

Delhi Property Corporate Debtor Tribunal Respondent Nclt Mou

1 month, 1 week ago

BCCI seeks withdrawal of insolvency proceedings against Byju’s

Live Mint

The Board of Control for Cricket in India on Tuesday sought an urgent hearing for its plea to withdraw an insolvency case against edtech firm Byju’s. The BCCI’s counsel requested that the NCLT in Bengaluru prioritize the withdrawal application, arguing that if the withdrawal is granted, it would render other pleas, such as those by US-based Glas Trust and Aditya …

Court Insolvency Settlement Nclt Bcci Nclat Insolvency Proceedings

1 month, 1 week ago

Adjudicating Authority Cannot Enter Into Merits At S. 95 Application Stage Before Report Of RP Is Submitted U/S 99 Of IBC: NCLAT

Live Law

The NLCAT New Delhi bench of Justice Ashok Bhushan, Barun Mitra and Arun Baroka affirmed that Adjudicating Authority cannot exercise its adjudicatory power at the stage of consideration of application under section 95 of the IBC by entering into the merits of the case. Brief Facts This Appeal by the Financial Creditor has been filed challenging order dated 21.02.2024 passed …

Corporate Court Central Bank Application Tribunal Filed Stage

1 month, 2 weeks ago

Filing Petition U/S 94 Of IBC By Guarantor Through RP Does Not Preclude Financial Creditors From Seeking Replacement Of RP: NCLAT

Live Law

The NLCAT New Delhi bench of Justice Ashok Bhushan, Barun Mitra and Arun Baroka held that financial creditors are entitled to file an application seeking replacement of the Resolution Professional under section 98 of the IBC if they are of the opinion that the RP would not work in an independent manner or has association with other parties to the …

Personal Financial Resolution Application Order Nclt Ors

1 month, 2 weeks ago

Resolution Professional Has Authority To Determine Creditor's Related Party Status: NCLAT

Live Law

The NCLAT bench of Justice Rakesh Kumar Jain, Mr. Naresh Salecha and Mr. Indevar Pandey has held that the Resolution Professional has the authority to determine the related party status of a creditor. On 31.12.2021, the RP notified the Appellant of its classification as a related party under section 5 of IBC due to its connection with Kanoria Foundation, which …

Trust Corporate Resolution Corporate Debtor Foundation Resolution Professional Tribunal

1 month, 4 weeks ago

NCLAT Rejects RP's Attempt to Pay Pre-CIRP Dues to Creditors

Live Law

The NCLAT New Delhi Bench of Justices Ashok Bhushan and Arun Baroka has held that the assets of the Corporate Debtor are to be taken over by the Resolution Professions for resolution of the Corporate Debtor. The RP has to make every endeavour to protect and preserve the value of the property of the Corporate Debtor. Payment of pre-CIRP dues …

Law Finance Corporate IBC New Delhi

2 months ago

Swathi Mudra Unveils the Genius of Swathi Thirunal

The Hindu

Swathi Mudra explores the legacy of Swathi Thirunal, a renowned Carnatic vocalist and musician. The book features notations of his ancient compositions, including 125 pieces in Malayalam and English. It also includes a section with lyrics in Sanskrit, providing insights into his musical style and influences.

Law Culture History Music Thiruvananthapuram

2 months, 1 week ago

NOC Not a Bar to Subsequent Security Documents: NCLT Mumbai

Live Law

The NCLT Mumbai Bench has dismissed an application filed by Bank of Baroda against Mr. Ajit Kumar and Ors. The court held that non-obtaining of NOC from the Applicant does not ipso facto invalidate the security documents executed in favour of Respondents. The tribunal observed that charges over the property were created at different times for the applicant in 2012 …

Law Legal Dispute Resolution Corporate Law Mumbai

3 months ago

BJP Leader Maneka Gandhi Approaches Supreme Court Challenging Section 81 Of Representation Of The People Act

Live Law

Upon hearing senior BJP leader Maneka Gandhi's plea challenging Section 81 of the Representation of People Act, 1951, the Supreme Court today asked Senior Advocate Siddharth Luthra to do a comparative analysis of the limitation provisions in the context of about 30 special statutes.The case was listed before a bench of Justices Surya Kant and Ujjal Bhuyan, which posted. Upon …

Court Election Gandhi Limitation Bjp Act Petition

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Search results for rp

Once CoC Approves Resolution Plan Then No Claim Is To Be Entertained: NCLAT

Copy Of Other Prospective Resolution Applicants' Plans Cannot Be Shared When Suspended Management Is Also A Resolution Applicant: NCLAT

AP Plans Digitalisation, Streamlining of Land Records, Says Anaganai Satyaprasad

Let’s talk about ‘one candidate, multiple constituencies’

All Claims Including Subject Matter Of Ongoing Arbitration Proceedings Stand Extinguished After Approval Of Resolution Plan: NCLT Bengaluru

Resolution Professional Cannot Be Faulted To Revise Plans Multiple Times As Per Instructions Of CoC: NCLAT

Decision To Consolidate CIRP Can Be Taken By CoC And Not By Suspended Director Of Corporate Debtors: NCLT Hyderabad

Pre-CIRP Dues Cannot Be Recovered After Admission Of Corporate Debtor Into Insolvency: NCLAT

Noida authority nod for Safe City project to install CCTV cameras across city

CoC recommends EY honcho as new liquidator in Go First case

Sanjiv Goenka, owner of Lucknow Supergiants, has a net worth of $4 billion: Forbes

Border-Gavaskar Trophy 2024-25: Rishabh Pant Dazzles Perth With Astonishing 'Falling' Six | WATCH

Explosion rocks Telangana temple, priest hospitalised with severe injuries

Development Rights Constitute Property U/S 3(27) Of IBC, Can Be Included In Information Memorandum By RP U/S 29 Of Code: NCLAT

Interest On Operational Debt Cannot Be Claimed If There Is No Clause In Agreement For Payment Of Interest: NCLAT

Corporate Debtor's Property Cannot Be Recovered By Owner/Lessor During Moratorium Period U/S 14 Of IBC: NCLAT

BCCI seeks withdrawal of insolvency proceedings against Byju’s

Adjudicating Authority Cannot Enter Into Merits At S. 95 Application Stage Before Report Of RP Is Submitted U/S 99 Of IBC: NCLAT

Filing Petition U/S 94 Of IBC By Guarantor Through RP Does Not Preclude Financial Creditors From Seeking Replacement Of RP: NCLAT

Resolution Professional Has Authority To Determine Creditor's Related Party Status: NCLAT

NCLAT Rejects RP's Attempt to Pay Pre-CIRP Dues to Creditors

Swathi Mudra Unveils the Genius of Swathi Thirunal

NOC Not a Bar to Subsequent Security Documents: NCLT Mumbai

BJP Leader Maneka Gandhi Approaches Supreme Court Challenging Section 81 Of Representation Of The People Act