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Vantage Construction Private Limited & vs Nps Chawla & Ors on 3 April, 2024

Vantage Construction Private Limited & vs Nps Chawla & Ors on 3 April, 2024
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Liquidation, NCLT, Insolvency and Bankruptcy Code, liquidator, Saraf and Partners Law Offices

Among myriad litigations faced by a liquidator during the liquidation process of a corporate debtor, under the Insolvency and Bankruptcy Code, 2016 (Code), is a genre of challenges against the.

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NCLAT set asides show cause notice against lenders over liquidation of SARE Realty Projects without bids, ET RealEstate

Sare Realty Projects: The appellate tribunal said there is an "error in the approach" of the National Company Law Tribunal (NCLT) for taking a decision regarding the liquidation of a corporate debtor (CD) and the lenders have to complete all the steps regarding resolution.

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Asian Hotels (West) Insolvency: NCLAT sets aside insolvency proceedings against Asian Hotels West, ET RealEstate

Asian Hotels (West) Insolvency: NCLAT said the decision of lenders of Asian Hotels (West) was "arbitrary in not approving 12A Proposal", which offered to pay the entire debt of financial creditors as well as all other creditors.

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NCLAT sets aside insolvency proceedings against Asian Hotels West

Asian Hotels (West) has availed of term loans in different tranches totalling Rs 200 crore from YES Bank. It served its all financial obligations to Yes Bank till March 31, 2021.

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