after the commencement of insolvency
proceedings and subsequent liquidation of the concerned Airline, in
view of Insolvency and Bankruptcy Code, 2016?
2. Whether ... Airline pursuant to the initiation of Corporate Insolvency
Resolution Process under the insolvency and Bankruptcy Code,
2016?
4. Whether the Ld. District Commission failed
applications, filed under Section 94 read with Section 96 of Insolvency and Bankruptcy Code, 2016 (for brevity the Code), since common question ... withdrawal of the Petition under Section 94 of the Insolvency & Bankruptcy Code, 2016, from the Ld. Debts Recovery Tribunal-II, Chandigarh vide letter dated
hand. They have also referred to Section
14 of the Insolvency & Bankruptcy Code, 2016 in their grounds of
revision and alleging that no action ... lame excuse that as per Section 14 of the Insolvency & Bankruptcy
Code, 2016 no proceedings can be initiated against the company
despite
Projects Pvt. Ltd." under Section 9 and 14 of Insolvency and Bankruptcy Code, 2016 (for brevity 'IBC').
The Complainants hotly contested ... filed under Section 9 and 14 of Insolvency and Bankruptcy Code, 2016 before the Hon'ble National Company Law Tribunal Principal Bench, New Delhi
admission of this
application under Section 7 of the Insolvency &
Bankruptcy Code, 2016.
PAGE 1 OF 4
15. We direct the applicant Financial Creditor ... also imperative to refer to Section 14 of the
Insolvency and Bankruptcy Code, 2016 which is reproduced below:
" Section 14 : Moratorium.
*14. (1) Subject
applicant) under Section 94 read with Section 96 of Insolvency and Bankruptcy Code, 2016 (for brevity the Code) with a prayer to stay the proceedings ... Section 94 read with Section 96 of Insolvency and Bankruptcy Code, 2016 (IBC, 2016) has also been moved before the Registrar, DRT-2, Chandigarh
cancelled all its flights and is undergoing insolvency proceedings under Insolvency and Bankruptcy Code, 2016 and hence the District Forum does not have jurisdiction ... cancelled all its flights and is undergoing insolvency proceedings under Insolvency and Bankruptcy Code, 2016. Further, the appellant also mentioned that
Insolvency and Bankruptcy Code, 2016 (in short 'the Code') read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules ... 2016 (in short 'the Rules') with a prayer to trigger Corporate Insolvency Resolution Process in respect of the Company, namely, Puma Realtors Private
Tribunal, Kolkata Bench admitted the insolvency
resolution process and imposed moratorium under Section-14 of
the Insolvency and Bankruptcy Code and sanctioned the resolution
plan ... court adjudging the Respondents 1and 2 as
insolvents. Even under Section-14 of Insolvency & Bankruptcy
Code, 2016, it only bars recovery proceedings but does
Tribunal, Kolkata Bench admitted the insolvency
resolution process and imposed moratorium under Section-14 of
the Insolvency and Bankruptcy Code and sanctioned the resolution
plan ... court adjudging the Respondents 1and 2 as
insolvents. Even under Section-14 of Insolvency & Bankruptcy
Code, 2016, it only bars recovery proceedings but does
