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NCLT New Delhi Orders Liquidation Of M/S Hema Automotive Pvt Ltd Under Section 33 Of IBC

The NCLT New Delhi bench has ordered for Liquidation of M/s. Hema Automotive Pvt. Ltd. (“Corporate Debtor”). The Company was admitted into Corporate Insolvency Resolution Process (“CIRP”) on.

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Monthly Digest Of IBC Cases: March 2023

Supreme Court IBC- Once Resolution Plan Is Approved, No Modifications Are Permissible: Supreme Court Case Title: SREI Multiple Asset Investment Trust Vision India Fund v Deccan Chronicle.

Andhra pradeshNew delhiAndaman and nicobar islandsTamil naduMadhya pradeshWest bengalIndia generalUttar pradeshJammu and kashmirUnited arab emiratesShri rohit kapoorS rajendran anrMukesh chand jainShri praveen guptaShri prabhat kumarChandra joshi

Insolvency Process to be initiated against Arshiya Northern FTWZ Limited

The Hon ble National Company Law Tribunal, Mumbai has ordered and directed to initiation of Corporate Insolvency Resolution Process against Arshiya Northern FTWZ Limited.

Honble national company law tribunalHonble national company law appellate tribunalCompany petition noCompany appealWholly owned subsidiary of arshiyaInsolvency processArshiya northernWholly owned subsidiaryArshiya limitedCompany petitionHon ble national company law tribunalCorporate insolvency resolution processInsolvency banckurptcy codeHon ble national company law appellate tribunal

Madras High Court orders winding up of SpiceJet over outstanding dues

The Madras High Court has ordered the winding up of private carrier SpiceJet Limited and directed the official Liquidator attached to the High Court to take over its assets, in a plea filed by a Swiss company over unpaid dues.

Tamil naduJusticer subramanianMathusudan govardhandas coHonble supreme courtCompany spicejetLiquidator of the high courtEngine maintenance servicesSupreme courtCompany petition noCompany petitionMadhu woollen industriesp ltdMadras high courtHigh courtSpicejet limitedCompanies actOfficial liquidator

Madras High Court stays winding up order against SpiceJet Ltd for 3 weeks, asks company to deposit $5 mn

Madras High Court stays winding up order against SpiceJet Ltd for 3 weeks, asks company to deposit $5 mn
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Tamil naduCompany petition noSpicejet ltdEngine maintenance services agreementCredit suisseMadras high courtHigh courtTime zoneSpicejet limitedEngine maintenance servicesCompany petitionDirectorate generalCivil aviationMadras high