...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...

.... It has been held by the Hon'ble NCLAT M/s. Visisth Services Ltd vs. S.V. Ramani and Ors. (Company Appeal (AT) (Insolvency) No. 896 of 2020 that the sale as a going... NAME OF THE COMPANY Speck Systems Ltd NAME OF THE PETITIONER(S) IDBI Bank Ltd... NAME OF THE RESPONDENT(S) Speck Systems Ltd UNDER SECTION...

...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...

.... The Tribunal in the order dated 15.02.2022, referring the case of Visisth Services Ltd. vs. S.V. Ramani, Liquidator of United Chloro - Paraffins Pvt. Ltd...a cleanslate. Ld. Counsel submits that Visisth Services Ltd. vs. S.V. Ramani supra is a case where e- auction notice did not have any clause imposing a condition subject to... Globe Exports Pvt. Ltd. v. M/s KTC Foods Private Limited and Another, 2022 SCC OnLine NCLAT 85 where it was held that subsequent to the...

...,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...

...,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...

...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...

...business gets sold and the proceeds are used to meet the claims under Section 53 of the IBC, 2016. 15. Hon'ble NCLAT in M/s. Visisth Services Ltd. v. Mr. S. V.... Ramani, Liquidator of United Chloro-Paraffins Pvt. Ltd. Company Appeal (AT) (Ins) No. 896 of 2020 clarified that as per Regulation 32A of the IBBI (Liquidation Process...) …. Financial Creditor Versus Visa Resources India Limited …Corporate Debtor And In the matter of...

...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’, (2021) 3 SCC...arguments placed reliance on the Judgment of this Tribunal in ‘Tarun International Ltd. v. Mr. Vikram Bajaj’, Company Appeal (AT) Ins. No...

...sold. 19. At this juncture, we feel it relevant to look at the decision of Hon'ble National Company Law Appellate Tribunal (NCLAT)in M/s Visisth Services Limited versus S.V... CS Vaishali Patrikar Liquidator for M/s Shrinivas Electricals GTD Private Limited Having its office at: A-2, Shantidoot Society, Parvati...Darshan, Pune, Maharashtra - 411 009. … Applicant vs. The Consortium led by M/s Instant Finserve Private Limited...

...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...

... 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 Services Ltd. Vs. Mr.... 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...

...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 Chloro-Paraffins Pvt. Ltd...'." 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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