Resolution plan approved by nclt
WebApr 22, 2024 · The adjudicating authority is bound to act within the four corners of Section 30(2) of the IBC. In NCLT’s view, the Resolution Plan submitted by the Resolution Applicant was in compliance with Section 30(2) of the IBC and was consequently approved by … WebOut of 148 claims, 125 claims amounting to over ₹236 crore were admitted. As part of its resolution plan, KGK Realty (India) has agreed to take over the responsibility of completing the said project of Anudan Properties. It has agreed to start the construction of the Thane Project from the CoC’s approval to ensure homebuyers get their homes ...
Resolution plan approved by nclt
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WebMar 2, 2024 · Thirdly, if the resolution plan is approved by the NCLT itself and the approval from the CCI is still pending then whose primacy shall be binding is another issue. However, this precarious situation is now settled vide the 2024 Amendment Act, which specifically mentions that approval from the CCI shall be taken before the approval of the plan from … WebJan 11, 2024 · In the present case, Dewan Housing Finance Corporation Ltd. (DHFL), the corporate debtor, was a co-accused, along with its erstwhile directors and promoters, in …
WebDebt-laden Future Retail has received approval from the bankruptcy court to extend the date to complete its resolution process by another 90 days to July 15. The current deadline is April 16. WebApr 3, 2024 · Ahmedabad: A consumer court has ordered a booking agent to refund ticket money after the National Company Law Tribunal (NCLT) verdict approved Jet Airways’ resolution plan. The case involved R K ...
Web1 day ago · The question raised before the NCLAT was whether the impugned order passed by the NCLT approving the resolution plan was free from any illegality and infirmity. It was … WebWe write in continuation to our letter dated 21st April 2024. The Honble National Company Law Tribunal Bench Mumbai (NCLT) vide its verbal Order a short while ago has in the matter of M/s Finquest Financial Solutions Pvt Ltd (Finquest) Vs Ballarpur Industries Ltd duly approved the Resolution Plan submitted by Finquest.
WebJan 1, 2024 · The NCLAT had held that a successful resolution applicant whose resolution plan has been approved by the Committee of Creditors (“CoC”) could not be allowed to withdraw the plan while it is pending approval from the National Company Law Tribunal (“NCLT”) under section 31 of the Insolvency and Bankruptcy Code, 2016 (“Code”).
WebThe Orders passed in these cases will be uploaded in NCLT website under Case Status. ... IA/5940/2024 For Approval of Resolution Plan for Corporate Debtor U/s 30(6) of IBC, 2016 Mr. Parveen Bansal (RP) Mr. Parveen Bansal - - do IA/1514/2024 For Approval of Resolution Plan U/s 30(6) of sketches of fishermanWebJun 7, 2024 · NCLT gives approval to Piramal's resolution plan for DHFL. 2 min read . Updated: 07 Jun 2024, 02:14 PM IST Edited By Aparna Banerjea. Piramal Capital has … sketches of female formWebMar 16, 2024 · While the unsecured creditors had claimed Rs 1,329 crore, of which the tribunal admitted Rs 252.83 crore and the operational creditors claimed Rs 1,905 crore … svs bambublack asia income \u0026 growth fundWebResolution Plan Effect of Approval: If the Adjudicating Authority is satisfied that the resolution plan as approved by the committee of creditors under sub section (4) of section 30, it shall by order approve the resolution plan which shall be binding on the corporate … svs auto duluth mnWebNCLT CHENNAI approves Resolution plan of Karaikal Port Private Ltd . #adaniports and Sez sucessful resolution applicant completes takeover of company in CIRP .… 29 comments on LinkedIn svs brown shipley dynamicWeb31. Approval of resolution plan. -(1) If the Adjudicating Authority is satisfied that the resolution plan as approved by the committee of creditors under sub-section (4) of … svs atmos dts x home theaterWebJun 7, 2024 · According to the resolution plan, ... The approval from NCLT is a significant milestone in DHFL’s resolution and an affirmation of the sanctity of the IBC process,” a Piramal Group statement ... svs balanced cables