Administrative fraud classification suspension does not halt independent criminal investigation or warrant-based searches into alleged economic offenc...
Arrest safeguards and transit remand requirements invalidated detention following inter-State transfer without communicated grounds or magistrate auth...
Page of 4805
Press 'Enter' after typing page number.
821 to 840 of 96092 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
NCLAT upheld the admission of Pre-Packaged Insolvency Resolution Process (PPIRP) for the Corporate Debtor (CD), a registered MSME. While acknowledging that the Section 54C application was filed beyond the 14-day statutory period after the Section 7 application, the Tribunal determined it would not serve stakeholder interests to invalidate the completed resolution. The CD's resolution involved three consortium bank members, with SBI (47.21%), IDBI (26.70%), and Bank of Baroda (26.09%) vote shares. The Tribunal directed the Successful Resolution Applicant to pay any differential amount due to the dissenting financial creditor within 30 days, in accordance with Section 30(2)(b) of IBC. The resolution plan's implementation was maintained, prioritizing the special protection afforded to MSMEs under Chapter III-A of the IBC.
NCLAT upheld the admission of Pre-Packaged Insolvency Resolution Process (PPIRP) for the Corporate Debtor (CD), a registered MSME. While acknowledging that the Section 54C application was filed beyond the 14-day statutory period after the Section 7 application, the Tribunal determined it would not serve stakeholder interests to invalidate the completed resolution. The CD's resolution involved three consortium bank members, with SBI (47.21%), IDBI (26.70%), and Bank of Baroda (26.09%) vote shares. The Tribunal directed the Successful Resolution Applicant to pay any differential amount due to the dissenting financial creditor within 30 days, in accordance with Section 30(2)(b) of IBC. The resolution plan's implementation was maintained, prioritizing the special protection afforded to MSMEs under Chapter III-A of the IBC.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
