NCLT JUDGEMENT ON SECTION 5(7), 5(8), 7, 7(1), 7(2), 7(3), 7(5), 7(5)(A), 7(7), 8, 8(1), 8(2), 9, 14, 15, 17, 18, 20, 21, 31(1), 33 OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016, RULE 4, 4(3), 6 OF THE INSOLVENCY AND BANKRUPTCY (APPLICATION TO ADJUDICATING AUTHORITY) RULES, 2016, SECTION 13(2), 17 OF THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 AND SECTION 433(E) OF THE COMPANIES ACT, 1956
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 Jammu And Kashmir Bank Ltd Vs. Vinayak Rathi Steels Rolling Mills Pvt. Ltd, (2020) 06 NCLT CK 0029 NCLT dismissed the application filed by the applicant, under Section 7 of the Insolvency and Bankruptcy Code, 2016 (for brevity 'code') read with Rules 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority), 2016 (for brevity 'the Rules') to initiate Corporate Insolvency Resolution process in respect of CD. While dismissing the application NCLT held that as we have already mentioned this fact that the loan has not been repaid by the CD which is due and payable and Hon'ble Supreme Court In Innove...