The Resolution Professional filed an application under Sections 43, 45, 49, and 66 of the Insolvency and Bankruptcy Code, 2016, seeking to declare a lease deed as an undervalued and fraudulent transaction, reverse preferential transactions, and restrain infringement of the corporate debtor's trademark. The application was initially dismissed on preliminary issues but was revived by the NCLAT.
The Resolution Professional of Sri Balaji Forest Products Private Limited (Corporate Debtor) filed an application under Section 43, Section 45, Section 49, and Section 66 of the Insolvency and Bankruptcy Code, 2016. The application sought to declare a lease deed as an undervalued transaction, reverse preferential transactions, and address fraudulent trading. The initial application was dismissed on preliminary issues by a different bench of the Adjudicating Authority on February 26, 2021.
…The Corporate Debtor's…
Notice under Section 13(2) of the SARFAESI Act,…
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The Resolution Professional filed an application under Sections 43, 45, 49, and 66 of the Insolvency and Bankruptcy Code, 2016, seeking to declare a lease deed as an undervalued and fraudulent transaction, reverse preferential transactions, and restrain infringement of the corporate debtor's trademark. The application was initially dismissed on preliminary issues but was revived by the NCLAT.
The Resolution Professional of Sri Balaji Forest Products Private Limited (Corporate Debtor) filed an application under Section 43, Section 45, Section 49, and Section 66 of the Insolvency and Bankruptcy Code, 2016. The application sought to declare a lease deed as an undervalued transaction, reverse preferential transactions, and address fraudulent trading. The initial application was dismissed on preliminary issues by a different bench of the Adjudicating Authority on February 26, 2021.
…The Corporate Debtor's…
Notice under Section 13(2) of the SARFAESI Act,…
Sign in to view related legal provisions.