The case involves an application (MA/905/2019) filed by the Corporate Debtor in the context of insolvency proceedings (IBA/660/2019) initiated by a Nationalised Bank under the Insolvency and Bankruptcy Code (IBC). The Corporate Debtor sought a mediator based on the Companies (Mediation & Conciliation) Rules, 2016.
A Nationalised Bank initiated insolvency proceedings (IBA/660/2019) against a Corporate Debtor. The Corporate Debtor then filed an application (MA/905/2019) seeking a mediator, citing the Companies (Mediation & Conciliation) Rules, 2016. The court questioned the applicability of these rules to IBC proceedings. The applicant's counsel failed to provide any justification or legal basis under the IBC for applying the Companies (Mediation & Conciliation) Rules, 2016. The application was subsequently dismissed.
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National Company Law…
Companies (Med…
The case involves an application (MA/905/2019) filed by the Corporate Debtor in the context of insolvency proceedings (IBA/660/2019) initiated by a Nationalised Bank under the Insolvency and Bankruptcy Code (IBC). The Corporate Debtor sought a mediator based on the Companies (Mediation & Conciliation) Rules, 2016.
A Nationalised Bank initiated insolvency proceedings (IBA/660/2019) against a Corporate Debtor. The Corporate Debtor then filed an application (MA/905/2019) seeking a mediator, citing the Companies (Mediation & Conciliation) Rules, 2016. The court questioned the applicability of these rules to IBC proceedings. The applicant's counsel failed to provide any justification or legal basis under the IBC for applying the Companies (Mediation & Conciliation) Rules, 2016. The application was subsequently dismissed.
National Company Law…
Companies (Med…