The petition C.P. (IB)/15(MB)2021 was initially reserved for order on 2023-05-16, along with C.P.(IB)/906(MB)2021 and C.P.(CAA)/134(MB)2022, the latter being a petition seeking approval of a scheme of arrangement with secured creditors. Subsequently, C.P.(IB)/906(MB)2021 was withdrawn by the petitioner on 2023-07-31, and C.P.(CAA)/134(MB)2022 was de-reserved for fresh consideration following the withdrawal of an objection filed by IDBI. The bench referred a question of law to be considered by a special bench constituted by the Hon'ble President in the case of Supreme Infrastructure Limited.
The petition C.P. (IB)/15(MB)2021 was initially reserved for order on 2023-05-16. Another petition, C.P.(IB)/906(MB)2021, was later withdrawn by the petitioner on 2023-07-31. C.P.(CAA)/134(MB)2022, a petition seeking approval of a scheme of arrangement with secured creditors, was de-reserved for fresh consideration after IDBI withdrew its objection. The court then referred a question of law concerning the precedence of a scheme of arrangement under sections 230-232 of the Companies Act over an application under section 7 of the IBC to a special bench. The case involves Sahara Hospitality Limited. The order sheet was from a hearing held on 2023-08-25. The petition C.P. (IB)/15(MB)2021 is de-reserved.
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C.P. (IB)/15(MB)2021…
C.P.(IB)/906(MB)2021…
The petition C.P. (IB)/15(MB)2021 was initially reserved for order on 2023-05-16, along with C.P.(IB)/906(MB)2021 and C.P.(CAA)/134(MB)2022, the latter being a petition seeking approval of a scheme of arrangement with secured creditors. Subsequently, C.P.(IB)/906(MB)2021 was withdrawn by the petitioner on 2023-07-31, and C.P.(CAA)/134(MB)2022 was de-reserved for fresh consideration following the withdrawal of an objection filed by IDBI. The bench referred a question of law to be considered by a special bench constituted by the Hon'ble President in the case of Supreme Infrastructure Limited.
The petition C.P. (IB)/15(MB)2021 was initially reserved for order on 2023-05-16. Another petition, C.P.(IB)/906(MB)2021, was later withdrawn by the petitioner on 2023-07-31. C.P.(CAA)/134(MB)2022, a petition seeking approval of a scheme of arrangement with secured creditors, was de-reserved for fresh consideration after IDBI withdrew its objection. The court then referred a question of law concerning the precedence of a scheme of arrangement under sections 230-232 of the Companies Act over an application under section 7 of the IBC to a special bench. The case involves Sahara Hospitality Limited. The order sheet was from a hearing held on 2023-08-25. The petition C.P. (IB)/15(MB)2021 is de-reserved.
C.P. (IB)/15(MB)2021…
C.P.(IB)/906(MB)2021…