Gluckrich Capital Pvt. Ltd., an unsecured financial creditor of Leading Hotels Limited (LHL), which is facing insolvency proceedings under the Insolvency and Bankruptcy Code, 2016, filed a Special Leave Petition (Criminal) Diary No. 6732 of 2023, challenging an interim order dated 30.11.2022 passed by Delhi High Court extending the transit anticipatory bail granted to the suspended directors of LHL. The Special Leave Petition was dismissed on 24.02.2023 because the applicant had no locus in the matter, as it was neither the informant nor a party to the proceedings before the High Court and was unconnected with the first Information Report lodged by the financial creditors. The applicant then filed an application seeking clarification of the dismissal order.
Gluckrich Capital Pvt. Ltd., an unsecured financial creditor of Leading Hotels Limited (LHL), initiated a Special Leave Petition (Criminal) Diary No. 6732 of 2023, challenging an interim order by the Delhi High Court that extended anticipatory bail to LHL's suspended directors. LHL is undergoing insolvency proceedings under the IBC, 2016. The Supreme Court dismissed the initial petition on 24.02.2023 due to Gluckrich's lack of locus standi, as they were neither the informant nor a party to the High Court proceedings. Gluckrich then sought clarification, arguing that the dismissal should not impede their ability to persuade the Resolution Professional to pursue recovery under Section 66 of the IBC against parties involved in fraudulent activities related to the
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Delhi High Court passed an interim order…
Tripura High Court passed a judgment and order…
Gluckrich Capital Pvt. Ltd., an unsecured financial creditor of Leading Hotels Limited (LHL), which is facing insolvency proceedings under the Insolvency and Bankruptcy Code, 2016, filed a Special Leave Petition (Criminal) Diary No. 6732 of 2023, challenging an interim order dated 30.11.2022 passed by Delhi High Court extending the transit anticipatory bail granted to the suspended directors of LHL. The Special Leave Petition was dismissed on 24.02.2023 because the applicant had no locus in the matter, as it was neither the informant nor a party to the proceedings before the High Court and was unconnected with the first Information Report lodged by the financial creditors. The applicant then filed an application seeking clarification of the dismissal order.
Gluckrich Capital Pvt. Ltd., an unsecured financial creditor of Leading Hotels Limited (LHL), initiated a Special Leave Petition (Criminal) Diary No. 6732 of 2023, challenging an interim order by the Delhi High Court that extended anticipatory bail to LHL's suspended directors. LHL is undergoing insolvency proceedings under the IBC, 2016. The Supreme Court dismissed the initial petition on 24.02.2023 due to Gluckrich's lack of locus standi, as they were neither the informant nor a party to the High Court proceedings. Gluckrich then sought clarification, arguing that the dismissal should not impede their ability to persuade the Resolution Professional to pursue recovery under Section 66 of the IBC against parties involved in fraudulent activities related to the
…Delhi High Court passed an interim order…
Tripura High Court passed a judgment and order…