By Richa Saraf (legal@vinodkothari.com)
In the case of Sanjeev Shriya v. State Bank of India & Ors.[1], the Hon’ble Allahabad High Court has barred parallel proceedings in Debt Recovery Tribunal (DRT) and National Company Law Tribunal (NCLT). Below we discuss the implications and analyse the judgment:
By Richa Saraf and Ananya Raghavendra (resolution@vinodkothari.com)
The insolvency resolution process of Binani Cements have been through various ups- and downs. On 19.11.2018, the Hon’ble Supreme Court in the case of Rajputana Properties Pvt. Ltd. v. UltraTech Cement Ltd. & Ors. dismissed Dalmia Bharat’s plea to seek stay on Ultratech’s bid for Binani Cement, upholding the UltraTech Cement’s bid for Binani Cement sale. Previously, on 14.11.2018, the NCLAT had also held UltraTech’s offer for Binani Cement as valid, stating that Dalmia Bharat’s offer was discriminatory against some creditors[1]. Read more →
By Vishal Hablani (resolution@vinodkothari.com) Read more →
-By Sikha Bansal & Vishal Hablani (resolution@vinodkothari.com) Read more →
By Richa Saraf, (legal@vinodkothari.com) Read more →
By Richa Saraf, (legal@vinodkothari.com)
By Richa Saraf, (legal@vinodkothari.com) Read more →
