Judgement

Ultra Tech Nathdwara Cement Ltd. vs. Union of India & Others (D.B. Civil Writ Petition No. 9480/2019) – High Court of Rajasthan

In this matter, a resolution plan submitted by Ultra Tech for the corporate debtor, M/s Binani Cements Ltd, had been approved by the NCLT. Subsequent to the approval of the NCLT, the name of the corporate debtor was changed to Ultra Tech Nathdwara …

June 2020

EDITORIAL TEAM INSOL India

Rajendra K. Bhutta v. Maharashtra Housing and Area Development Authority & Anr (2020 SCC Online SC 292) – Supreme Court

In this matter, the Maharashtra Housing & Area Development Authority (“MHADA”) had executed a joint development agreement with the corporate debtor and had sought termination of the same on account of the insolvency of the corporate debtor.

June 2020

EDITORIAL TEAM INSOL India

M/s Ansal Properties & Infrastructure Ltd. v. M/s MGF Developments Ltd. (95 (IBC) 64/2020) - NCLAT

The appellant and the respondent had executed a memorandum of understanding to jointly bid for a property development tender floated by the Delhi Metro Rail Corporation (“DMRC”). Subsequently, a tripartite concession agreement was executed …

June 2020

EDITORIAL TEAM INSOL India

M/s B.E. Billimoria and Co. Ltd. v. M/s Vikram Ispat Udyog (96 (IBC) 65/2020) - NCLAT

In this matter, the appellant and the respondent had entered into a settlement and sought the directions of the NCLT in relation to the rate of interest payable for the period of delay in repayment. The NCLT directed the rate of interest payable to …

June 2020

EDITORIAL TEAM INSOL India

Doshion Pvt. Ltd. v. Phoenix ARC Pvt. Ltd. (97 (IBC) 66/2020) – NCLAT

The appellant filed an appeal before the NCLAT under section 61 of the IBC on the grounds of non-passage of the final order by the NCLT.

June 2020

EDITORIAL TEAM INSOL India