order of
Admission on the ground that for filing application under Section 10 IBC
prior approval of the shareholders of Corporate Debtor is required, such ... Director of the Appellants and the resolution to file application
under Section 10 IBC was duly approved by him. Subsequently, the minutes
of Board meeting
provisions of SICA and Companies Act.
Section 15 of SICA is pari-materia to section 10 of IBC and section 22 of
SICA is similar ... that Section
63 and Section 64 of IBC cannot apply to Saved Petitions.
(IV) Section 14 of IBC :
36 When an application under IBC
debtors Insolvency petition in C.P (IB) 4442 of 2018 under section
10 IBC. Significantly, the principal borrower had admitted and
acknowledged its liability ... date on which the principal borrower
had laid its petition under Sec.10 IBC for computing limitation.
Arguments
5.1 The arguments advanced by the rival
debtors Insolvency petition in C.P (IB) 4442 of 2018 under section
10 IBC. Significantly, the principal borrower had admitted and
acknowledged its liability ... date on which the principal borrower
had laid its petition under Sec.10 IBC for computing limitation.
Arguments
5.1 The arguments advanced by the rival
about the filing of Section 10
application, it has filed application under Section 65 to dismiss Section 10
application. Section 65 application has been filed ... Section 10 by the
Corporate Applicant. Admittedly, Section 10 application was filed by the
Appellant, subsequent to initiation of proceedings under Section 13 , sub-
section
Educomp filed a petition3 under Section 10 of the IBC
seeking to initiate voluntary CIRP. The NCLT admitted this petition ... November 2018, Astonfield filed a petition20 under Section 10 of the
IBC seeking to initiate voluntary CIRP. The NCLT admitted this petition on 27
November
NCLT admitted a petition17 filed by the
Corporate Debtor under Section 10 of the IBC. NCLT commenced the Corporate
Insolvency Resolution Process18 in respect ... shareholders to vote on the initiation of the CIRP under
Section 10 of the IBC was not curtailed by the Deed of Pledge of Securities
proviso was added to sub-Section (g) of
Section 29A . Section 29A of the IBC in its present form reads as follows:
“29A. Persons ... under Section 7 ;
(b) By an operational creditor under Section 9 ; and
(c) By a corporate debtor under Section 10 .
(ii) The IBC
10),
(11) and (12) of Section 3 , clauses (7) and (8) of Section 5 ,
Section 6 and Section 14(1)(a) of the IBC ... Section 14 of the IBC provides “Moratorium”, consequent
upon the admission of the application under Section 7 or
Section 9 or Section 10
2016, was entitled to file an application under
Section 10 of the IBC, 2016 within a period of 180 days from the
notification ... filed before the National Company Law Tribunal
(NCLT) under Section 10 of the IBC, 2016. The proceedings before the
4
912-appl
