WebIn a recent order, NCLAT stayed the order of NCLT regarding take over of Videocon Industries by Twin Star Technologies. A petition was filed by 2 creditors (… Web6 Jun 2024 · SECTION 12A OF IBC,2016-The Adjudicating Authority may allow the withdrawal of application admitted under section 7 or section 9 or section 10, on an application made by the applicant with the approval of ninety per cent., voting share of the committee of creditors, in such manner as may be prescribed.
[The Viewpoint] Effect of breach of settlement agreement under ...
Web10 Oct 2024 · Though Section 12A passed the muster of constitutional validity and the Apex Court clarified that in exceptional circumstances the Insolvency Petition can be … Web15 Sep 2024 · If an application under Section 12-A is filed by the appellant, the “Committee of Creditors” may decide as to whether the proposal given by the appellant for settlement … cpi-w february 2023
Insolvency and Bankruptcy Code Get latest IBC, DRT & IBBI …
Web26 Jan 2024 · Section 12A provides that an application for withdrawal may be made by an applicant after obtaining consent from the committee of creditors (“CoC”). It further … Web11 Apr 2024 · Section 12A can’t be invoked in absence of requisite concurrence/consent of 90% of creditors: SC. Case Laws 10 Apr 2024. NCLT’s order admitting CIRP plea was set … Web5 Mar 2024 · The Insolvency and Bankruptcy code, 2016 (IBC) ... Through section 12A of IBC, the corporate debtor has got an opportunity to settle the dispute by entering into a … cpi-w for sept 2022