The National Company Law Tribunal Kochi, comprising Justice T Krishna Valli and Mr. Shyam Babu Gautam dismissed the application to initiate insolvency proceedings against the Personal guarantors under Section 95 of Insolvency and Bankruptcy Code, 2016. It held that creditors cannot initiate insolvency proceedings against personal guarantors solely based on the initiation of the Corporate Insolvency Resolution Process without showcasing …
The National Company Law Tribunal, Kochi Bench, comprising of Shri P Mohan Raj and Shri Satya Ranjan Prasad, while adjudicating a joint application filed under Sections 230 to 232 of the Companies Act, 2013 by thirteen Midas Group companies seeking sanction of Scheme of Amalgamation between them, has sanctioned the Scheme of Amalgamation, which shall be effective from 01.04.2023 onwards. …
The National Company Law Tribunal has constituted Special Bench for NCLT Cuttack and NCLT Kochi, vide a Circular dated 01.02.2023 issued by NCLT. Therefore, a Special Bench is being constituted to take up the matters listed before Shri P. Mohan Raj and Shri Satya Ranjan Prasad. The Special Bench constituted at NCLT Cuttack and NCLT Kochi Bench shall comprise of: …
