In recent times, several noteworthy judgments have been rendered by the Indian Courts and Tribunals in matters relating to the Insolvency and Bankruptcy Code, 2016 (IBC). Some decisions rendered from.
The Delhi high court (HC) has dismissed a petition challenging a demand notice issued under the Insolvency and Bankruptcy Code (IBC) by New Delhi-based Vineet Saraf, a personal guarantor for a loan of Rs517.90 crore obtained by one FACOR Power Ltd from Rural Electrification Corporation Ltd (REC).
Citations 2023 LiveLaw (Del) 619 to 2023 LiveLaw (Del) 640NOMINAL INDEXICICI BANK LIMITED v. THE DEPUTY GENERAL MANAGER & ORS. 2023 LiveLaw (Del) 619PAYPAL PAYMENTS PRIVATE LIMITED v. FINANCIAL.
The Delhi High Court Bench comprising of Justice Purushaindra Kumar Kaurav, while adjudicating a petition filed in Vineet Saraf v Rural Electrification Corporation Ltd., has refused to issue a Writ.