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Supreme Court said that the mere expectation of the Liquidator that a still higher price may be obtained can be no good ground to cancel an otherwise valid auction and go for another round of auction.
ABOUT THE UNIVERSITY Rajiv Gandhi National University of Law (RGNUL) was established in Punjab in 2006 by the State Legislature to provide
by Sriram Venkatavaradan and Saai Sudharsan Sathiyamoorthy†
DSK advised and assisted Mr. Manoj Kumar Agarwal, Resolution Professional of DS Kulkarni Developers Limited (“DSKDL”) with respect to the corporate insolvency
by Anoop Rawat†, Saurav Panda†† and Amrit Mahal†††
Cite as: 2023 SCC OnLine Blog Exp 51
by Sharmistha Ghosh†
by Lavanya Pathak† and Akshay Sharma††
by Prashant Tripathi†
A creditor has limited grounds to object to S. 10 of IBC application.
DEAL DETAILS Reliance Industries Limited | Sintex Resolution Plan Khaitan & Co acted as legal counsel for Reliance Industries Limited and Assets
About Rajiv Gandhi National University of Law, Punjab Rajiv Gandhi National University of Law (RGNUL), Punjab, was established by the State Legislature
The Supreme Court observed that the scope of nature of proceedings under the two Acts are quite different and would not intercede each other.
ABOUT THE NLIU-TRILEGAL SUMMIT ON CORPORATE AND COMMERCIAL LAWS The Centre for Business and Commercial Laws is thrilled to release the Call
by Swarnendu Chatterjee†, Anwesha Pal†† and Megha Saha†††
Cite as: 2023 SCC OnLine Blog Exp 22
The petitioner alleged that the National Company Law Appellate Tribunal had relied upon the decision of Vidarbha Industries, which even though was clarified in review petition of Axis Bank but was still contrary to the settled position in law laid down in Innoventive Industries. Tushar Mehta, Solicitor General contended that the principle enunciated in Vidarbha Industries would be liable to dilute the substratum of the Code.
The Supreme Court stated that it was neither a case where the appellant did not make any application within the stipulated time under the 2019 Scheme nor where the appellant deliberately did not deposit the settlement amount.