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Tag Archive for "appeal-before-nclat" -

CentrikBlogsappeal before NCLAT

Tag: appeal before NCLAT

Water connection cannot be restored automatically to the successful resolution applicant

Posted by RiyaPosted on January 24, 2023January 29, 20230 CommentsCategories Authentic Legal Advice, Corporate Litigation-All In Way, Debt Recovery Management, Insolvency & Bankruptcy Code 2016, Legal AdvisoryTags appeal before NCLAT, CIRP and NCLT, corporate insolvency resolution process, disconnection of water supply, MIDC vs Bhadrashree Steel & Power Ltd & Ors, new water connection, successful resolution applicant

The Successful Resolution Applicant requested Maharashtra Industrial Development Corporation (hereinafter referred to as MIDC) for a new water connection to revive the operations at the plant of the Corporate Debtor.

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Mobilization Advance is Financial Debt or Operational Debt?

Posted by shravyapathakPosted on September 15, 20220 CommentsCategories Corporate Litigation-All In Way, Debt Recovery Management, Insolvency & Bankruptcy Code 2016Tags advance against goods is operational debt, advance operational debt, an application before NCLT, appeal before NCLAT, CIRP was initiated against the corporate debtor, mobilization advance rules, Mobilization in construction, Operational debt, Resolution Professional rejected the claims, What is Mobilization Advance, what is mobilization advance in construction

Mobilization Advance is an Operational Debt and not a Financial Debt referring to the abovementioned Supreme Court Judgement.

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Latest Blogs

  • CIRP proceedings could be initiated against both corporate co-borrowers, but the recovery of the same amount could not be made from both parties: SC March 23, 2023
  • Promoters toiling with Insolvency and Bankruptcy Code March 22, 2023
  • Service of Advance Copy of Applications to IBBI for Initiating CIRP under IBBI Rules, 2016 March 22, 2023
  • SIGNIFICANCE OF THE CASE LAW: MITTAL V. WESTBRIDGE VENTURES March 21, 2023
  • Artificial intelligence and the Indian legal system March 20, 2023

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