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Weekly Digest Of IBC Cases: 15 To 21 May 2023

Supreme Court Supertech Insolvency: Supreme Court Approves Project Wise Resolution Plan Case Title: Indiabulls Asset Reconstruction Company Limited v Ram Kishore Arora & Ors. Citation:. ....

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NCLT Mumbai Admits Section 7 Petition Against Sterling Oil Resources Limited For Defaults Of More Than Rs. 1655 Crores

The NCLT Mumbai bench comprising of Shri Kishore Vemulapalli (Judicial Member) and Shri Prabhat Kumar (Technical Member) has admitted a petition under Section 7 of Insolvency and Bankruptcy Code,. ....

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Nitin Sandesara-promoted Sterling Oil Resources to undergo insolvency proceedings after default on S- The New Indian Express

The State Bank of India (SBI) lodged the insolvency petition against Sterling Oil Resources when the company failed to fulfill a payment obligation of Rs 1,651 crore. ....

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