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NCLT JUDGEMENT ON SECTION 9 OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016 AND REGULATION 29, 29(2) OF THE INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) REGULATIONS, 2016

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          NAME MOBILE NO. E-MAIL I’D RANJEET   KUMAR 8383098478 ,  9667769795 rk@courtkutchehry.com JAI THAKUR 8130703334 ,  9355723300 jai.thakur@courtkutchehry.com RAJEEV   RANJAN 9334553249 rajiv.ranjan@courtkutchehry.com ASHOK   MISHRA 9718327746 sales@courtkutchehry.com RAVI   KUMAR ravi.singh@courtkutchehry.com Rishav Coke Product Private Limited Vs. Modern India Con-Cast Limited And Ors, (2020) 07 NCLT CK 0139 NCLT allowed the application filed by the applicant for permission for sale of Non-Core Assets outside the ordinary course of business and for utilizing the sale proceeds or part thereof towards (1) payment of gratuity and retrenchment benefits which are due to the retrenched/released workmen, employed at the factory of the Corporate Debtor in terms of the agreement reached with the Deputy Labour Commissioner at Haldia on 04/09/2019, (2) reinstatement of security services at the Plant and (3) IRP costs. While allowing...
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NCLT JUDGEMENT ON REGULATION 2(B), 13 OF THE INSOLVENCY AND BANKRUPTCY (LIQUIDATION PROCESS) REGULATIONS, 2016, SECTION 178 OF THE INCOME-TAX ACT, 1961, SECTION 14, 29(A), 29(A)(B), 33, 33(2), 33(5), 33(7), 35(1), 43, 45, 50, 66, 240(A), 240(A)(1), 240(A)(C), 240(A)(H) OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016 AND SECTION 230 OF THE COMPANIES ACT, 2013

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          NAME MOBILE NO. E-MAIL I’D RANJEET   KUMAR 8383098478 ,  9667769795 rk@courtkutchehry.com JAI THAKUR 8130703334 ,  9355723300 jai.thakur@courtkutchehry.com RAJEEV   RANJAN 9334553249 rajiv.ranjan@courtkutchehry.com ASHOK   MISHRA 9718327746 sales@courtkutchehry.com RAVI   KUMAR ravi.singh@courtkutchehry.com Ravindranath Narayana Rao, Resolution Professional Vs. Maruthanayagam Kathiresh, (2020) 07 NCLT CK 0115 NCLT allowed the application filed by the applicant under Section 33(2) of the IBC, 2016, seeking relief as follows; 1. To Consider and approve the proposal stated in the resolution passed by the Committee of Creditors for initiation of Liquidation process under section 33(2) of the IBC; 2016. 2. To appoint the Liquidator for initiation of liquidation process for the Corporate Debtor; While allowing the application NCLT held that this Tribunal is of the opinion that there is no need to interfere with the decision of...
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NCLT JUDGEMENT ON SECTION 133, 230, 231, 232 OF THE COMPANIES ACT, 2013

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          NAME MOBILE NO. E-MAIL I’D RANJEET   KUMAR 8383098478 ,  9667769795 rk@courtkutchehry.com JAI THAKUR 8130703334 ,  9355723300 jai.thakur@courtkutchehry.com RAJEEV   RANJAN 9334553249 rajiv.ranjan@courtkutchehry.com ASHOK   MISHRA 9718327746 sales@courtkutchehry.com RAVI   KUMAR ravi.singh@courtkutchehry.com Aadhunik Infra-Projects Private Limited And Ors Vs. Herbal Biosciences Private Limited, (2020) 07 NCLT CK 0065 NCLT allowed the petition filed by the petitioner under Sections 230 to 232 of the Companies Act, 2013 (hereinafter referred as "Act, 2013") r/w the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 (hereinafter referred as "Rules 2016") for the purpose of the approval of the Scheme of Amalgamation, as contemplated between the Companies and its Shareholders by way of Amalgamation of Transferor Companies with the Transferee Company. While allowing the petition NCLT held that on the Scheme bec...
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