Indian Overseas Bank v. DC Industries Plant Services Pvt Ltd. 45 / 2018

NCLT allows the application of liquidation as the Resolution plan was not approved by the CoC

Nisa Industrial Services Pvt Ltd. v. Mahaurja Utilities Pvt Ltd. 686 / 2019

Application allowed and ordered for liquidation

Sandwik Asia Pvt. Ltd. v. The Indure Private Ltd. 1643 / 2018

Application allowed and ordered for liquidation

Sanjeev Memorial Foundation v. Kamrup Housing Projects Pvt Ltd. 936 / 2018

Application submitted for the replacement of RP

Arjun Chemical Pvt Ltd. v. Mysore Paper Mills Pvt Ltd. 254 / 2018

Application disposed as there was no default on part of the Corporate Debtor

Bharat Gupta v. Goldstar Impex Pvt Ltd. 427 / 2019

Application admitted since debt proved beyond doubt

Yyavi Traders Limited 3912 / 2018

Application admitted since debt proved beyond doubt

Embee Software Pvt Ltd. v. Solicon Pvt Ltd. 1209 / 2018

NCLT dismisses CIRP against agent of Debtor

Jai Balaji Industries Ltd. v. Shriramrathi Steels Pvt Ltd. 391 / 2018

NCLT disposes petition for Resolution and orders for Liquidation as the Resolution plan was not approved by the CoC

Worxpace Consulting Pvt Ltd. v. Ireo Fiveriver Pvt Ltd. 408 / 2018

Grant of extension of CIRP period for further 90 days

Sunil Healthcare Ltd. v. Beloorbayir Biotech Ltd. 69 / 2019

Application rejected since there was no default on part of the Corporate Debtor

Phoenix Arc Pvt. Ltd. v. GPI Textiles Ltd. 35 / 2018

NCLT disposes the petition by directing to make payment in 5 monthly installments

Shiv Shakthi Store v. Pratham Housing Pvt Ltd. 529 / 2017

Sole proprietor cannot file application under IBC

Infrastructure Development Corporation of India Limited 11 / 2019

NCLT allowed voluntary dissolution of the corporate person

Lease Plan India Pvt. Ltd. v. Camson Bio Technologies Limited 50 / 2017

NCLT dismissed the petition for non-prosecution

Nitesh Estates Limited v. Simplex Infrastructures Limited 02 / 2018

NCLT dismissed the petition as it became infructuous

Swaraj Overseas v. Goldline Ventures Pvt Ltd. 1634 / 2018

Application submitted for the direction for the office

Manish Saxena v. Pushpanjali Realms and Infratech Ltd. 384 / 2018

NCLT dismisses the petition as it lacks in documentary proof

Auto World v. Mr. Arun Gupta 55 / 2017

NCLT condoned the delay as prayed for

Reliance Commercial Finance Ltd. v. Sunar Jewals Pvt Ltd. 1444 / 2018

Application submitted for the direction for the office

Gupshup Technology India Pvt. Ltd. v. Nextgen Infratel Pvt. Ltd. 199 / 2018

NCLT dismissed the petition for non-prosecution

Alchemist Asset Reconstruction Co. Pvt Ltd. v. Monet Exports Pvt Ltd. 1347 / 2018

Application disposed of with extension of CIRP Period

Insolvency and Bankruptcy Laws in Comparison to various other countries: An Analysis

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.

Punjab National Bank v. Bhushan Power and Steel Ltd. 202 / 2017

Application disposed of till the pronouncement of the order

JFC Finance (India) Ltd. v. Ajit Solar Pvt. Ltd. 69/7 / 2019

NCLT ordered to accept the application

Meghna Colour Chem v. Prayag Polytech Pvt. Ltd. 117/9 / 2019

NCLT ordered to accept the application

Dena Bank v. Royal Wood Pvt Ltd. 510 / 2019

NCLT orders for CIRP against defaulter

ICICI Bank Limited v. Hyderabad Ring Road Project Private Limited 1152 / 2018

NCLT dismissed the petition on account of duplicacy

Bharti Airtel v. Vipul Travels Pvt Ltd. 439 / 2019

Application submitted for the direction for the office