Jigsaw Solutions v. S.Kannan (Inasra Technologies Pvt Ltd.) 559 / 2017

Application disposed as the parties arrived at settlement

Sakthi Ferro Alloys (India) Pvt Ltd. v. Color Homes Developers Pvt Ltd. 106 /...

Application disposed as parties filed joint compromise memo

M.Murugesan (Velohar Infra Pvt Ltd.) v. Vijayalakshmi & Ors 114 / 2018

Application disposed of as the Debtor’s property was mortgaged to a 3rd party

Madras Steels & Tubes v. Pree Aag Fire System Pvt Ltd. 64 / 2019

Application admitted for CIRP Confirming the event of default of the corporate debtor

State Bank of India v. Victory Transformers & Switchgears Ltd. 1515 / 2018

Application admitted for CIRP Confirming the event of default of the corporate debtor

United Bank of India v. R.A. Samy Trading Pvt Ltd. 332 / 2019

Application admitted for CIRP Confirming the event of default of the corporate debtor

Insolvency and Bankruptcy Code – Settlement of Debts by Promoters After Liquidation Proceedings are...

In 2016, the Houses of Parliament passed the Insolvency and Bankruptcy Bill which changed the face of Insolvency Resolution Process for Corporates. This Act has resulted in the repeal of the Sick Industrial Companies Act and has put in place measures that make sure a quick and efficient resolution process to repay all the debts owed by a corporate debtor.

Palaniswamy & S. Rajeswari v. Indian Public School Pvt Ltd. 1105 / 2018

Application dismissed as withdrawn by the Operational Creditor

Ms. Ranjana Sharma v. Supertech Ltd. 1701 / 2018

Application adjourned as sine die

Velavan Textiles v. Jaipreetam Cotspins Pvt Ltd. 958 / 2018

Application dismissed as withdrawn by the Operational Creditor

NLMK India Services Center Pvt Ltd. v. Nexus Electro Steel Ltd. 193 / 2019

Application dismissed as withdrawn by the Operational Creditor

Formoplastic Controls Pvt Ltd. v. Resurgent Power Projects Ltd. 1425 / 2018

Application dismissed as withdrawn by the Operational Creditor

Hari Kishan Sharma v. AKME Projects Limited 55 / 2018

NCLT orders for Insolvency of Defaulter

Esskay Motors Pvt Ltd. v. Rajeev Mannadiar 1076 / 2017

NCLT appoints applicant as liquidator

Varanasi Kishore v. Taksheet Solutions Pvt Ltd. 63/9 / 2019

NCLT admits debtor to Insolvency Process

Faluck International v. Inchem Laboratories Pvt Ltd. 555/9 / 2018

Petition withdrawn in the light of settlement reached between the parties

S. Vivekanandan v. Sri Vishnu Annamalaiyar Paper Mills Ltd. 1363 / 2018

Application dismissed as of both parties conceded by way of settlement

Cyient DLM Pvt Ltd. v. Green ARK Enersol Pvt Ltd. 33/9 / 2019

Petition withdrawn in the light of settlement reached between the parties

Cabot Norit (UK) Ltd. v. Deltronix India Ltd. 852 / 2018

Petition withdrawn in the light of settlement reached between the parties

Optotech Optikmaschinen GmbH v. IRIS Electro Opticals Pvt Ltd. 207/9 / 2019

NCLT disposes of application owing to pending CIRP against corporate debtor

Radhakrishnan Dharmarajan v. United India Shoe Corporation Pvt Ltd. 886 / 2019

Grant of extension of CIRP period for further 45 days

Bank of India v. Orchid Helathcare Pvt Ltd. 369 / 2019

Application dismissed as withdrawn

Green Garden Pvt Ltd. v. JDA Consultancy Services Pvt Ltd. 709 / 2017

Application allowed seeking to file rejoinder

Asset Reconstruction Company (India) Ltd. v. Fathima Abdul Khadar & 2 Ors 89 /...

Application disposed of as the NCLT directed RP to sell Disputed sponge Iron

Vivek Bansal v. Smartec Build Systems Pvt Ltd. 620/9 / 2018

NCLT initiates CIRP against corporate defaulter

Impact of the Insolvency and Bankruptcy Code, 2016 on Various Facets

In 2016, the Houses of Parliament passed the Insolvency and Bankruptcy Bill which changed the face of Insolvency Resolution Process for Corporates. This Act has resulted in the repeal of the Sick Industrial Companies Act and has put in place measures that make sure a quick and efficient resolution process to repay all the debts owed by a corporate debtor.

Laxmi Kanth Rao Thota v. IRIS Electro Optics Pvt Ltd. 181/7 / 2019

NCLT admits CIRP application against defaulter

Navkar Traders v. TDI Infrastructure Ltd. 1541 / 2018

NCLT disposes of application in light of redressal of grievance

KKR India Financial Services Pvt Ltd. v. Kwality Ltd. 1440 / 2018

NCLT disposes of application based on submissions made

Action Construction Equipment Ltd. v. Jacobs Infrastructure Pvt Ltd. 464/9 / 2018

Petition withdrawn in the light of settlement reached between the parties

Ivory Hospitality Solutions Pvt Ltd. v. Kaarau Collections Pvt Ltd. 1414 / 2018

Petition withdrawn in the light of settlement reached between the parties

Nimai Chandra Baral v. Webcon Consulting (India) Ltd. 1348 / 2018

Petition withdrawn in light of settlement reached between the parties

Mr. Brijmohan Karnani v. Bhuvee Stenovate Private Limited 1367 / 2018

Disposal of the application due to pending corporate insolvency resolution process

State Bank of India v. BS Ltd. 278/7 / 2018

NCLT directs debtor to furnish necessary information