Binani industries ltd vs bank of baroda
WebMar 9, 2024 · Binani Industries Ltd. v. Bank Of Baroda National Company Law Appellate Tribunal Mar 9, 2024; Subsequent References; CaseIQ TM (AI Recommendations) Binani Industries Ltd. v. Bank Of Baroda. Case Information. CITATION CODES citation codes. CASE NO. Company Appeal (AT) (Insolvency) No. 82 of 2024 ... Webnow settled and decided by this Appellate Tribunal in Binani Industries Limited vs. Bank of Baroda and Anr. – Company Appeal (AT) (Insolvency) No.82 of 2024 etc. decided on 14th November, 2024 wherein it was held that …
Binani industries ltd vs bank of baroda
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WebCOMPANY APPEAL(AT)(INS) NO. 88 & 122 OF 2024 2 Mr. R. Sudhinder, Mr. Sooriya Ganguli, Ms. Amrita Sarkar, Advocates for Committee of Creditors. Mr. Mahesh Agarwal and Ms. Aastha Mehta, WebFeb 12, 2024 · In the matter of Binani Industries Limited Vs Bank of Baroda & Anr. [Company Appeal (AT) (Insolvency) No. 82 of 2024], it is inter alia mentioned that "...if one type of credit is given preferential treatment, the other type of credit will disappear from market. This will be against the objective of promoting availability of credit".
WebSome rulings, such as the Binani Industries Ltd. v. Bank of Baroda case, demonstrated inconsistency with the preceding cases and stated their claims for fair treatment for all creditors. This was a one-of-a-kind ruling that outlined the operational creditor’s interests but omitted to name the operational creditor in the CoC. WebCase Name: Binani Industries Limited Vs. Bank of Baroda & Anr. 19 Nov 1 Any Resolution Plan if shown to be discriminatory against one or other Financial Creditor or …
WebFeb 21, 2024 · It has been held in the case of Binani Industries Ltd & Ors. Vs. Bank of Baroda & Ors ., that similar treatment provided to both operational as well as financial … Web3. The ‘Binani Cement Limited’, a flagship subsidiary of the Appellant- ‘Binani Industries Limited’ representing the ‘Braj Binani Group’, has preferred Company Appeal (AT) …
WebMay 31, 2024 · Binani Industries Limited Vs Binani Cements Limited & Anr. Insolvency : Chairperson Court : Justice S.J. Mukhopadhaya Chairperson, Justice Bansi Lal Bhat …
WebDec 3, 2024 · In “Binani Industries Limited Vs. Bank of Baroda & Anr. – Company Appeal (AT) (Insolvency) No. 82 of 2024 etc.”, this Appellate Tribunal by its judgment dated 14th November, 2024 discussed the principles of ‘I&B Code’ and held as follows: 1. The objective of the ‘I&B Code’ how many more minutes until santa comesWebThe Tribunal while passing the order followed the settled principle enumerated in the Judgment of Hon'ble Supreme Court in the case of Binani Industries Ltd. Vs. Bank of Baroda C.A. (AT) (Ins) No. 82 of 2024 and Swiss Ribbon Pvt. Ltd. Vs. Union of India 2024 (4) SCC 17 (paragraph 26 and 27). how many more minutes until tomorrowWebthe Supreme Court in the matter of M/s. Innoventive Industries Ltd. Vs. ICICI Bank & Anr.). The Code prevails over every other law in case of any inconsistency between the two (Judgement dated 9th August, 2024 of the Supreme Court in the matter of Pioneer Urban Land and Infrastructure Limited and Anr. Vs. Union of India & Ors.). The Code is the ... how big are giant tortoisesWebSep 11, 2024 · Despite such clarity in the legislative background to the Code, courts have not allowed going concern sales as part of a resolution plan. In Binani Industries Limited v Bank of Baroda & Anr, the NCLAT had held that a resolution plan cannot propose sale of the corporate debtor. how big are ghastsWebFeb 12, 2024 · INSOLVENCY OF BINANI CEMENT - A CASE STUDY. IN THE NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI. Binani Industries Limited … how many more months of school leftWebNov 24, 2024 · Some judgments, like the Binani Industries Ltd. v. Bank of Baroda case, showed incongruity from the cases mentioned above and made their contentions for equitable treatment for all creditors. how big are giant river ottersWebSep 14, 2024 · On the one hand, the NCLAT endorsed its own decision in Binani Industries Limited v. Bank of Baroda wherein it observed the non-applicability of the first division of the Limitation Act on the IBC proceedings, while on the other hand, it went ahead to apply Article 61 (b) (falling under the first division) on a section 7 application. how big are giraffes when born