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Top 10 Insolvency Law Judgements [April To September 2023]
1 year, 2 months ago

Top 10 Insolvency Law Judgements [April To September 2023]

Live Law  

In recent times, several noteworthy judgments have been rendered by the Indian Courts and Tribunals in matters relating to the Insolvency and Bankruptcy Code, 2016. M. Suresh Kumar Reddy v. Canara Bank Supreme Court of India Citation: 2023 LiveLaw 428 The Adjudicating Authority has no option but to admit a petition filed under Section 7 of the Insolvency and Bankruptcy …

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Interest Bearing Refundable Advance Paid Under An MoU Which Has Lost Legal Force Can Still Be Categorized As Financial Debt: NCLT Ahmedabad
1 year, 8 months ago

Interest Bearing Refundable Advance Paid Under An MoU Which Has Lost Legal Force Can Still Be Categorized As Financial Debt: NCLT Ahmedabad

Live Law  

The National Company Law Tribunal, Ahmedabad bench comprising of Dr. Madan B Gosavi and Mr. Ajai Das Mehrotra, while adjudicating an application under Section 60 of Insolvency and Bankruptcy Code, 2016 in Sheth Developers Pvt Ltd & Anr. as ‘Financial Debt’ Background Facts: Golden Tobacco Ltd. entered into an MoU dated 26.12.2009 with Sheth Developers Pvt. Further, there are differences …

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