DBS Bank, which had voted against Patanjali’s resolution plan, had appealed against NCLAT’s decision of allowing distribution of the bid amount without taking into account the value of security held by secured creditors.
Senior counsel Ranjit Kumar, appearing for Anchor, said there were more than one ex-facie grounds to show and establish that the public records had been manipulated to attach a statement of Novelty to the impugned design regi
In the alternative, the real estate firm also asked the HC to restrain RCap from transferring, selling or creating third-party rights with regard to 5% RNAM shares or any other assets or deposit the sale proceeds to the said
“In the interests of all the stakeholders of JIL,” a Bench comprising justices AM Khanwilkar and Dinesh Maheshwari gave 90-day extension to the insolvency resolution professional (IRP) to complete JIL’s corporate insolv
The companies have told the SC that Section 87 of the Arbitration and Conciliation Act 1996, as inserted by the 2019 Amendment Act, is in conflict with the Insolvency and Bankruptcy Code 2016 as the new provision destroys the
The SAT on September 26, while rejecting ITC plea, had also vacated its interim order barring Hotel Leela to declare ballot result for approval of the sale of its assets to Brookfield. Sebi had earlier also allowed JMF ARC to
Challenging the tribunal’s order, Sebi told the SC that these auditors had ignored vital materials like the internal audit report which flagged material discrepancies in reconciliation of the invoices.
Between August 2017 and September 2017, HDFC had sold over 28 lakh pledged equity shares of Religare for a net value of Rs 12.81 crore and 10 lakh pledged shares of Fortis Healthcare for a net value of Rs 14.53 crore.
It said that Section 43 of the code provides for the avoidance of preferences given by a corporate debtor and also invalidates any transfer of property or creation of an interest thereof by it during the look-back period to a
The Supreme Court on Wednesday asked Amazon Seller Services and direct selling companies (DSCs) such as Amway, Oriflame and Modicare to approach the Delhi High Court for early disposal of their cases related to sale of produc
The Supreme Court will hear on Wednesday a batch of appeals by Amazon Seller Services against the Delhi High Court’s July order that asked the e-commerce company to stop selling products of direct selling companies like Amw
The NCLAT on August 16 had directed the Chandigarh Bench of the National Company Law Tribunal to pass an order of liquidation as 270 days mandated under the IBC for finalising a resolution plan had already lapsed