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NCLT JUDGEMENT ON REGULATION 36(B)(4A), 38(1), 38(1A), 38(2), 38(3), 39(4) OF THE INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) REGULATION, 2016, SECTION 73 OF THE INDIAN CONTRACT ACT, 1872, RULE 6 OF THE INSOLVENCY AND BANKRUPTCY (APPLICATION TO ADJUDICATING AUTHORITY) RULES, 2016 AND SECTION 5(24), 9, 14, 15, 29(A), 30, 30(1), 30(2), 30(2)(A), 30(2)(B), 30(2)(C), 30(2)(D), 30(2)(E), 30(4), 30(6), 31, 31(1) OF THE INSOLVENCY AND BANKRUPTCY CODE, 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 In Re_ Micromax Energy Limited Vs., (2020) 06 NCLT CK 0017 NCLT allowed the application filed by the Resolution Professional for approval of the Resolution Plan under Section 31(1) of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as IBC, 2016). The Resolution Plan has already been approved by the Committee of Creditors (CoC). While allowing the application NCLT held that the parameters for approval of Resolution Plan are set out in Sections 30(2) and 31 of the IBC, 2016. The Resolution Plan under consideration has met with mandatory compliance. In view of the above, the "Resolution Plan   is hereby...
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NCLT JUDGEMENT ON SECTION 230, 231, 232, 232(1)(I) 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 Genesis Holdings Private Limited And Ors Vs. Genesis Dream Merchants Private Limited, (2020) 06 NCLT CK 0025 NCLT allowed the petition filed by the petitioner for the purpose of the approval of the scheme of amalgamation, as contemplated between the companies and its shareholders and creditors by way of amalgamation. While allowing the petition NCLT held that In view of the foregoing, upon considering the approval accorded by the members of the Petitioner Companies to the proposed Scheme and the affidavits filed by the Regional Director, Northern region, Ministry of Corporate Affairs, Official liquidator and submissions mad...
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NCLT JUDGEMENT ON SECTION 9, 14, 33, 35, 36, 37, 38, 39, 40,41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 52, 53, 54 OF THE INSOLVENCY AND BANKRUPTCY CODE, 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 B.G. Textile Vs. H. Sakhiya Fashions Private Limited, (2020) 07 NCLT CK 0005 NCLT allowed the application filed by the applicant, Interim Resolution Professional (hereinafter referred as "IRP") of the Corporate Debtor filed the instant IA No. 145 of 2020 in the aforesaid Company Petition (IB) No. 106 of 2019 for liquidation of the Corporate Debtor under Section 33 of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred as "IB Code") and for the appointment of the Liquidator. While allowing the application NCLT held that it is found that there is no scope for revival of the company, considering the situation of the...
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