Interim Resolution Professional

IBC Insolvency & Bankruptcy CodeDuties Of Interim Resolution Professional Under Section 18 Insolvency And Bankruptcy Code, 2016

June 25, 2019by Krishna Grandhi and GLC Team

In the case, Encore Asset Reconstruction Co. Pvt. Ltd vs. Ms. Charu Sandeep Desai & Ors. [Company Appeal (AT) (Insolvency) No. 719 of 2018] an appeal has been made by the appellant against the order passed by the NCLT in the matter of State Bank of India Vs. Calyx Chemicals & Pharmaceuticals Ltd. whereby the...

IBC Insolvency & Bankruptcy Code SARFAESIWhether Provisions Of The Insolvency And Bankruptcy Code, 2016 Prevail Over The Provisions Of The Securitization And Reconstruction Of Financial Assets And Enforcement Of Interest (SARFAESI) Act, 2002?

October 30, 2018by Krishna Grandhi and GLC Team

In the case of Canara Bank v. Sri Chandramoulishvar Spg. Mills (P) Ltd. & Another [2018 SCC Online NCLAT 389], an appeal was filed by the appellant Bank (Financial Creditor) against the order of the National Company Law Tribunal (“NCLT“). The Operational Creditor had preferred an application before the NCLT under Section 9 of the...