WebMay 9, 2024 · NCLT admitted an application filed by Bank of Baroda against Binani Cements Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016 on 25th July 2024. WebCOMPANY APPEAL(AT)(INS) NO. 88 & 122 OF 2024 1 NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI Company Appeal(AT)(Insolvency) No. 82 of 2024
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WebFeb 7, 2024 · 21 Binani Industries Ltd v Bank of Baroda & Anr, 2024 SCC OnLine NCLAT 521, para 17. These objectives are included in the Preamble to the IBC. 22 Initiation by a corporate debtor of the CIRP requires a special resolution passed by shareholders of the corporate debtor, as provided under section 10(3)(c), IBC. Shareholders are not … Webprinciple emerging from NCLAT ruling on Binani Industries Limited v. Bank of Baroda & amp; Anr. is that the resolution plan should not be discriminatory against one or other financial creditors or the operational creditors, else the same can be held to be against the provisions of IBC. razer mouse light control
The Status of Operational Creditors under the ... - ShankarlalRaheja
WebIn the matter of Binani Industries v. Bank of Baroda & Anr. before the Hon’ble NCLAT in New Delhi, the Hon’ble Tribunal decided that Section 53 is discriminatory towards operational creditors and that operational creditors should be given priority over financial creditors in terms of asset allocation. The Binani decision was likewise upheld ... WebAug 5, 2024 · The Battle of Priority between Financial Creditors & Operational Creditors under the IBC, 2016 – A Revisit to ‘Binani Industries’ and ‘Swiss Ribbons’ Rulings Sunday, 09, Apr, 2024 Mere apprehension can't be a ground for transfer of a case, says HC WebMay 27, 2024 · In Binani Industries Limited v. Bank of Baroda & Anr . it was held that the Adjudicating Authority cannot decide the disputed question of fact including claim and counterclaim made by one or other party qua. razer mouse keeps scrolling up