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...warranty in respect of the properties of the corporate debtor once a resolution plan stands approved or in case of a sale of liquidation assets."
19. In Visisth Services Ltd...;
Granted, strictly as per the decision by the Hon’ble Supreme Court in Ghanashyam Mishra & Sons Pvt Ltd v Edelweiss Asset Reconstruct ion Company Ltd, shall app ly.
A...;
decision by the Hon’ble Supreme Court in Ghanashyam Mishra & Sons Pvt Ltd v Edelweiss Asset Reconstruct ion Company Ltd, shall a pply.
Mishra (Supra) B. Nitin Jain ( Supra...
...Visisth Services Limited Vs. S. V. Ramani & Ors. 2022 sec Online NCLAT 24. Henceforth, the Title Suit No. 334/2021, filed by the CD, belongs solely to the CD and it...
...also be included in a going concern sale. In Shiv Shakti Inter Globe Exports Pvt. Ltd. Vs. KTC Foods Private Limited [(2022) SCC Online NCLAT 85], the same Bench which...complete code in itself, as held in Embassy Property Development Pvt. Ltd. Vs. State of Karnataka and others, reported at (2020) 13 SCC 308. The petitioners cite...
3
Innoventive Industries Ltd. Vs. ICICI Bank, reported at (2018) 1 SCC...
...
VIII. In Visisth Services Ltd. Vs. S.V. Ramani (Liquidator.... Rama Kant Mandal V /S Riga Sugar Co. Ltd Riga
Page 26 of 78...
Pending for adjudication
Mr. RaJ Ki shore Sharma V / S Riga Sugar Co. Ltd Riga
27.
Gratuity Case No 19/21...
...,2016 & rule 11 of
NCLT,2016
IN THE MATTER OF: IA/561(AHM)2022
Jindal Power Ltd ........Applicant
V/s Dushyant C...
V/s Jindal Power Ltd & Anr ........Respondent Order delivered on ..02/08/2022 Coram:
Madan B. Gosavi, Hon'ble Member(J) Kaushalendra Kumar Singh, Hon'ble Member(T...Dave Liquidator of Shirpur Power Pvt Ltd ........Respondent
AND
Proceedings under Section 60(5)(C) r.w Reg 31A of
IBBI...
...,2016 & rule 11 of
NCLT,2016
IN THE MATTER OF: IA/561(AHM)2022
Jindal Power Ltd ........Applicant
V/s Dushyant C...
V/s Jindal Power Ltd & Anr ........Respondent Order delivered on ..02/08/2022 Coram:
Madan B. Gosavi, Hon'ble Member(J) Kaushalendra Kumar Singh, Hon'ble Member(T...Dave Liquidator of Shirpur Power Pvt Ltd ........Respondent
AND
Proceedings under Section 60(5)(C) r.w Reg 31A of
IBBI...
...
Nathmal Bangani
Director
Visisth Services Ltd...set of facts, the said situation has not arisen and hence the ratio of this Tribunal in 'M/s. Mohan Gems and Jewels Pvt. Ltd. Vs. Vijay Verma and Anr.', Company Appeal...
AND
2. United Chloro - Paraffins Private Ltd. 32, Chowringhee Road, Om Tower, Room No. 907, 9th Floor...
...of 2012, the SC, relying on Shree Hanuman Cotton Mills v. Tata air Craft Ltd., (1969)3SCC 522, opined that...Godrej & Boyce Mfg. Co. Ltd. V. State of Maharashtra reported at (2009)5 SCC 24, the Apex Court held that circulars are..., Potens Transmissions & Power Pvt. Ltd Versus Gian Chand Narang has held:
8. When we look into the above regulation, it is clear that 90 days...
...Visisth Services Ltd.”(Emphasis Supplied)11. It is also relevant to reproduce the response dated...‘Dresser Rand S.A. v. Bindal Agro Chem Ltd., (2006) 1 SCC 751 and ‘Padia Timber Co. (P) Ltd. v. Visakhapatnam Port Turst’, (20...arguments placed reliance on the Judgment of this Tribunal in ‘Tarun International Ltd. v. Mr. Vikram Bajaj’, Company Appeal (AT) Ins. No...
...
15. Sale of a Company as a 'Going Concern means sale of both assets and liabilities, it is stated on 'as is where is basis. The Hon ble NCLAT in the matter of M/s. Visisth .... S. V. Ramani, Liquidator of United Chloro-Paraffins Pvt. Ltd. Company Appeal (AT)(Ins) No. 896 of
Page 5 of 10...
The Applicant has received response against the 2ndE-Auction sale notice published on 31.05.2023 from M/s. Casa Furniture Pvt. Ltd. The...
...22
Limi ted Vs . S .V . Ramani [ Company Appeal (AT) (Insolvency) No. 896 of 2020] and Nabinagar Power Generating Company Ltd. vs. Ram Ratan Modi...connection in the premise at Property No. Parcel A B and C Site-III Panki Industrial Area Kanpur, U.P. purchased during Liquidation Process of Corporate Debtor, M/s L.M.L. Ltd., as per the liquidation...order dated 23.03.2018 of this Tribunal. M/s Positron Biogenics Pvt. Ltd. is Successful Auction Purchaser who is Applicant and Dr. Preety Shukla is its Director in whose name application for electricity...
...going concern finds supports from the judicial precedents relied upon by him in the matter of, 'M/s Visisth Services Ltd. Vs. Mr. S. V. Ramani, Liquidator of United Ch...'."
Further, in the matter of, 'M.S. Viswanathan Vs. Pixtronic Global Technologies Pvt. Ltd. in CP(IB) No.
9...:
ASSET RECONSTRUCTION COMPANY (INDIA) LIMITED
………….Financial Creditor
Versus
SHAMKEN SPINNERS LIMITED...
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...bearing title M/ s Aggarwal Trading Co. & Anr. Vs. Liquidator for Best Foods Ltd. & Ors on 29.01.2022, when the same was intimated by the counsel representing M/ s Aggarwal Trading Co. The said...of the Bid Process Documents.
4.7 The Hon'ble NCLAT vide its judgment dated 08.04.2024 in Comp. App. (AT) (Ins) No. 1543 of 2023 in Potens Transmission & Power Pvt Ltd v...underlying main Petition CP (IB)- 117/Chd/Chd/2017 was filed by Mr. Hajura Singh Bhim Singh. against the Corporate Debtor (CD) namely, Best Foods Ltd., under Section 9 of IBC, 2016, which was admitted...
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IA (IBC)/29/GB/2024 In CP (IB)/19/GB/2022
15. Hon'ble NCLAT in M/s. Visisth Services Ltd....& Steel Company Pvt. Ltd, a Private Limited Company, incorporated under the provisions of the Companies Act, 1956 having CIN U27101AS1987PTC002686 having its registered office at Room No 19, 2nd... In CP (IB)/19/GB/2022
liquidation process of Brahmaputra Iron & Steel Company Pvt. Ltd vide an order dated 13.10.2023 by the NCLT, Guwahati...
...
Visisth Services Ltd. Vs. S V Ramani Company Appeal (AT) (Ins.) No. 896 of 2020 dated 27.04.2019, Hon'ble NCLAT has held that the sal...Transferor Company does not have revenue from operations since in corporation, but has obtained long term borrowings of Rs. 75.60 crores from M/s Chandigarh Distillers and Bottlers Limited and...also asked by the Department to provide financials of M/s Chandigarh Distillers and Bottlers Limited and cash flow statements of Petitioner Company and to provide the fate of transfer of debentures...
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