The document pertains to various Interlocutory Applications (IAs) filed in the matter of Canara Bank vs. Deccan Chronicle Holdings Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. These IAs cover a range of issues, including challenges to attachment orders, extensions of bank guarantees, implementation of resolution plans, and settlement of claims. The court is addressing these applications, setting hearing dates, and issuing directions to the involved parties.
Canara Bank initiated corporate insolvency resolution process (CIRP) against Deccan Chronicle Holdings Limited under Section 7 of the IBC, 2016. Several IAs have been filed related to the CIRP, including challenges to attachment orders by the Successful Resolution Applicant (SRA), requests for extension of bank guarantees, and applications for implementation of the resolution plan. The Enforcement Directorate (ED) issued attachment orders against some properties covered by the resolution plan, leading to challenges by the SRA. The Resolution Professional is also involved in the proceedings, representing the Corporate Debtor. The court is actively managing these IAs, setting hearing dates, and issuing directions to the parties involved. One IA (IA 480/2021) has become
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Attendance cum order…
Several IAs ar…
The document pertains to various Interlocutory Applications (IAs) filed in the matter of Canara Bank vs. Deccan Chronicle Holdings Limited under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. These IAs cover a range of issues, including challenges to attachment orders, extensions of bank guarantees, implementation of resolution plans, and settlement of claims. The court is addressing these applications, setting hearing dates, and issuing directions to the involved parties.
Canara Bank initiated corporate insolvency resolution process (CIRP) against Deccan Chronicle Holdings Limited under Section 7 of the IBC, 2016. Several IAs have been filed related to the CIRP, including challenges to attachment orders by the Successful Resolution Applicant (SRA), requests for extension of bank guarantees, and applications for implementation of the resolution plan. The Enforcement Directorate (ED) issued attachment orders against some properties covered by the resolution plan, leading to challenges by the SRA. The Resolution Professional is also involved in the proceedings, representing the Corporate Debtor. The court is actively managing these IAs, setting hearing dates, and issuing directions to the parties involved. One IA (IA 480/2021) has become
…Attendance cum order…
Several IAs ar…