SUPREME COURT ALLOWS FRESH RESOLUTION FOR AMTEK; STAYS ORDER OF NCLT CHANDIGARH

  • Posted by Arpit Marwah
  • On September 30, 2019
  • 0 Comments
  • SUPREME COURT ALLOWS FRESH RESOLUTION FOR AMTEK;
Amtek Auto gets a ray of hope by the recent order of issuance of fresh bids  Amtek Auto, an integrated component manufacturing company, established in 1985 is on the verge of revival instead of going into liquidation, considering the Supreme Court’s latest decision of putting a stay on National Company Law Tribunal’s (NCLT) decision.    Background […]
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Haryana Rera Changes Rules Once Again; Authority to Decide Refund Cases

  • Posted by Arpit Marwah
  • On September 26, 2019
  • 0 Comments
  • Real Estate Regulatory Authority
PARENT ACT  The Real Estate (Regulation and Development) Act, 2016 (henceforth denoted as RERA Act, 2016) was enacted in the year 2016 for the purpose of regulating the real estate sector and also to protect the aggrieved homebuyers. Henceforth, for the purposes of carrying out the provisions of the Act and implementation of the Law, […]
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Nclat helds that no ‘Resolution Plan’ can be approved discriminating the dissenting ‘Financial Creditor

  • Posted by Arpit Marwah
  • On September 19, 2019
  • 0 Comments
  • NCLAT, NCLAT Approves Resolution Plan
Forum: NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI Citation: Company Appeal (AT) (Insolvency) No. 745 of 2018  Previous order: Dated 17th October, 2018 passed by the Adjudicating Authority (National Company Law Tribunal), Principal Bench, New Delhi in (IB)-01(PB)/2017)    IN THE MATTER OF: Hero Fincorp Ltd.                    […]
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In exceptional circumstances, if the ‘Corporate Debtor’ is MSME

  • Posted by Arpit Marwah
  • On September 6, 2019
  • 0 Comments
  • definition of msme under ibc, ibc code for msme, msme and ibc, MSME's And Insolvency, section 240a of ibc, section 29 of ibc, section 29a ibc, section 29a of ibc msme
In exceptional circumstances, if the ‘Corporate Debtor’ is MSME, it is not necessary for the Promoters to compete with other ‘Resolution Applicants’ to regain the control of the ‘Corporate Debtor’ In Saravana Global Holdings Limited And And. Vs. Bafna Pharmaceuticals & Ors., the Hon’ble Appellate Tribunal dismissed the appeal filed by the Appellant by holding […]
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