Judgement
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
Kerala Ayurveda Ltd. v. Tata Global Beverages Ltd. (174 (IBC) 139/2020) - NCLAT
In this matter, an application under section 7 of the IBC for initiation of CIRP had been filed before the NCLT which, subsequently, observed in an interlocutory application that the debt claimed by the creditor constituted a “financial debt.”
June 2020
EDITORIAL TEAM INSOL India