CIRP process - NPA - relevant date of default - The Admission ...

Case Laws Insolvency and Bankruptcy

August 26, 2020

CIRP process - NPA - relevant date of default - The Admission need not be in regard to any precise amount nor by expressed words. If a defendant writes to the plaintiff requesting him to send his claim for verification of payment it amounts to an acknowledgement. - AT

View Source

← Previous Next →

CIRP process - NPA - relevant date of default - The Admission ...

Case Laws Insolvency and Bankruptcy

August 26, 2020

You may also like:

Jurisdiction of the Adjudicating Authority (NCLT) to adjudicate upon a closure notice issued prior to the initiation of the Corporate Insolvency Resolution Process...

CIRP - The NCLAT upheld the decision to reject inflated claims by the financial creditor, Stressed Assets Stabilization Fund (SASF), and supported the termination of the...

Initiation of CIRP - FINANCIAL CREDITORS - Home buyers - NCLT admitted the application - Appellant has submitted that they are ready to deposit an amount of amount - by...

CIRP process - We are not convinced with the argument that amended Sub-Section (4) of Section 30 requires only Secured Financial Creditors to contribute towards interim...

Initiation of CIRP - NCLAT admitted the application u/s 7 - NPA - Relevant date of default - The National Company Law Appellate Tribunal upheld the decision to initiate...

Initiation of CIRP - Appeal against the admission of application - The Corporate Debtor's main contention is that the amounts paid by the Operational Creditor and its...

Liquidation of company - It must be borne in mind that the IBC treats the CIRP and Liquidation process as two separate stages and the proof of claim is to be filed...

Delay in implementation of approved Resolution Plan - In the present case, the Approved Resolution Plan has been alleged to be contravened by the Successful Resolution...

Clarification regarding processing of refund claims filed by UIN entities

Pilot implementation of paperless processing under SWIFT — Uploading of supporting documents regarding

Pilot implementation of paperless processing under SWIFT — Uploading of supporting documents regarding

Challenge to direction that entire cost be paid by the Applicant/Appellant - Admission of CIRP set aside - Corporate Debtor was NBFC - NCLAT observed that, in a...

Maintainability of section 7 application - Initiation of CIRP - existence of debt and default - date of default - On 14.02.2020 the account was declared NPA - The...

Initiation of CIRP - Period of limitation - date of NPA to be taken as date of default or not - the period of limitation would be attracted from the date when the...

CIRP - Maintainability of application u/s 7 r.w.s. 10A - default in repayment of term loan - there was default committed before implementation of the Plan, as NPA was...

Quick Updates: