declared on 21.05.2018
with effect from 01.04.2009. So, 01.04.2009 is the backdate which has
been given by Canara Bank, but actual date of classification ... take the backdate as the date of classification, the purpose and object
for giving the grace period will not be fulfilled. If date of classification
failed, thus the account of the Corporate Debtor was
declared as NPA backdated from 30.09.2012 instead of
31.12.2013."
Page | 3
Company Appeal
respectively, which
goes to show that these consent letters were backdated.
• Learned Counsel drew our attention to the Complaint made to the Assistant
Commissioner ... respectively, which shows that the consent letters
were backdated to establish that the Board Meeting had indeed not taken place
declared on 21.05.2018
with effect from 01.04.2009. So, 01.04.2009 is the backdate which has
been given by Canara Bank, but actual date of classification ... take the backdate as the date of classification, the purpose and object
for giving the grace period will not be fulfilled. If date of classification
Axis Nirman And Industries Limited & Anr vs M/S Hotel Birsa Pvt Ltd &
which
was a non-existent agreement. Appellant claims that he agreement is backdated
by three years. Moreover, the payments were already made and the agreement
Reliance Realty Limited vs Altruist Customer Management India ... on 9 March, 2026
NATIONAL COMPANY LAW
Respondent No. 1 elaborated that the loan agreements are
characterized as backdated and intended to undermine the objectives of the
Code and defeat legal CIRP
Respondent No. 1 elaborated that the loan agreements are
characterized as backdated and intended to undermine the objectives of the
Code and defeat legal CIRP
Respondent No. 1 elaborated that the loan agreements are
characterized as backdated and intended to undermine the objectives of the
Code and defeat legal CIRP
