Searched for
FUNCTUS OFFICIO
NCLT directs to consider operational creditors dues four years after Electrosteel’s resolution"The resolution plan in respect of the corporate debtor needs to be sent back to the CoC to consider the claims made by the class of operat...
HC restrains ED from taking coercive steps against Piramal assetsED has alleged that Omkar Group took a Rs 410 crore loan from Yes Bank to construct buildings for slum dwellers under the Slum Rehabilitati...
Bhushan Power Case: Court stops ED from coercive steps on attached asssetsThe federal agency in September 2021 had provisionally attached the properties located in the prime location of Mumbai on Dr Annie Besant r...
Videocon Industries RP invites expressions of interest by February 2Venugopal Dhoot promoted Videocon Industries was admitted for resolution by NCLT in June 2018. It has verified secured creditors’ claims of...
Twin Star to appeal against NCLAT order to restart Videocon resolutionThe National Company Law Appellate Tribunal (NCLAT) on Wednesday directed the committee of creditors to restart the resolution process foll...
Vedanta's Twin Star to appeal against NCLAT order on restarting the Videocon Industries resolution planTwin Star Technologies is set to argue that the CoC is Functus Officio - implying that the role of the committee of creditors ends soon aft...
Reconsideration after selection of bids possible under law: Videocon lenders to NCLATEarlier in September, Bank of Maharashtra, a dissatisfied creditor of Videocon Group, has raised the issue of the breach of confidentiality...
Provision of SARFAESI Act empowering DMs to attach secured assets of borrowers directory: SCSection 14 of the SARFAESI Act mandates District Magistrate to deliver possession of a secured asset within 30 days, extendable to an aggre...
After 8 years, plaint nixed for year’s delayThe Consumer Dispute Redressal Forum in Surat rejected the complaint in 2011 on which it had sat on since 2003.
Bullying won't be allowed, IRPs are supreme: NCLTHero Steels had initiated insolvency proceeding against Rolex Cycles to recover Rs 2 crore of dues.
CJI's displeasure over Gopal Subramanium issue draws mixed reactionsThe CJI has said the segregation of Subramanium's name from the list of four persons has been done "unilaterally" by the executive without ...
Mine given to Congress MP Naveen Jindal's JSPL faces de-allocationTwo coal blocks including one given to Congress MP Naveen Jindal's JSPL face the prospect of de-allocation as their cases would be under sp...
- Court cannot alter, review its own judgement arbitrarily : SC
Courts cannot alter or review their own judgements or final order after it is signed, except to correct clerical or arithmetical mistakes, ...