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Tag Archive for "insolvency-bankruptcy-code-ibc" -

CentrikBlogsInsolvency & Bankruptcy Code (IBC)

Tag: Insolvency & Bankruptcy Code (IBC)

NCLT’s discretion while admitting Section 7 Applications– A Vidarbha Judgement Outlook

Posted by khyatikhemkaPosted on March 17, 2023March 18, 20230 CommentsCategories Authentic Legal Advice, Corporate Litigation-All In Way, Debt Recovery Management, Insolvency & Bankruptcy Code 2016, Legal AdvisoryTags CIRP against the petitioners under Section 7(2) of the IBC, CIRP proceedings, IBC Proceedings, Insolvency & Bankruptcy Code (IBC), resolution professional, section 7 of IBC, swiss ribbons judgment, Vidarbha Industries case, Vidarbha Industries Power Limited v. Axis Bank Limited, vidarbha judgment, vidarbha vs axis bank

An application filed to initiate CIRP against the petitioners under Section 7(2) of the IBC Vidarbha Industries Power Limited v. Axis Bank Limited.

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  • 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
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