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1 - 10 of 64 (0.44 seconds)Section 31 in The Prevention of Money-Laundering Act, 2002 [Entire Act]
Section 12 in The Prevention of Money-Laundering Act, 2002 [Entire Act]
Section 61 in The Prevention of Money-Laundering Act, 2002 [Entire Act]
Section 38 in The Prevention of Money-Laundering Act, 2002 [Entire Act]
Section 62 in The Prevention of Money-Laundering Act, 2002 [Entire Act]
Section 5 in The Prevention of Money-Laundering Act, 2002 [Entire Act]
Section 39 in The Prevention of Money-Laundering Act, 2002 [Entire Act]
Section 33 in The Prevention of Money-Laundering Act, 2002 [Entire Act]
Vinayak Road Carriers vs State Bank Of India & Ors on 4 July, 2019
(iii) The NCLT had rightly directed the EBITDA/profit
generated by the Corporate Debtor during CIRP to
be distributed amongst the creditors in view of the
judgment passed by the NCLAT in the matter of
Standard Chartered Bank vs. Satish Kumar
Gupta, Company Appeal (AT) (INS) No. 242/2019
decided on 04.07.2019. Even the CoC had filed an
affidavit before the NCLAT claiming EBITDA
generated during the CIRP, however the NCLAT in
the impugned judgment directed the Monitoring
Committee along with the Resolution Professional to
go through the RFP/RFRP and distribute the
EBITDA accordingly.