Civil Appeal No. 3624 of 2020 was filed before the Supreme Court of India. During the pendency of the appeal, two settlements were reached between the appellant and the respondents. The settlements were marked as Annexure 'A' and Annexure 'G' to the IA. The court was asked to take the Settlement Agreements on record and dispose of the appeal. Kanak Resources Management Limited is a subsidiary of IL&FS Environmental Infrastructure and Services Limited. The management of the IL&FS Group of Companies is under the authority of the Union government, and the resolution process is supervised by the National Company Law Appellate Tribunal (NCLAT). Hon'ble Mr Justice D K Jain, a former Judge of the Supreme Court, was appointed by NCLAT to supervise the process.
Civil Appeal No. 3624 of 2020 was filed before the Supreme Court. Two settlements were reached between Vivek Agarwal (appellant) and Kanak Resource Management Limited & Anr. (respondents) during the pendency of the appeal. These settlements were marked as Annexure 'A' and Annexure 'G' to the IA. Kanak Resources Management Limited is a subsidiary of IL&FS Environmental Infrastructure and Services Limited. The management of IL&FS is overseen by a board appointed by the Union government, with the resolution process supervised by NCLAT. It was argued that Kanak Resources Management Limited is not subject to the Corporate Insolvency Resolution Process. The court decided to refer the settlements to Hon'ble Mr Justice D K Jain for scrutiny to ensure no legal bars
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Civil Appeal N…
Two settlements were…
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Civil Appeal No. 3624 of 2020 was filed before the Supreme Court of India. During the pendency of the appeal, two settlements were reached between the appellant and the respondents. The settlements were marked as Annexure 'A' and Annexure 'G' to the IA. The court was asked to take the Settlement Agreements on record and dispose of the appeal. Kanak Resources Management Limited is a subsidiary of IL&FS Environmental Infrastructure and Services Limited. The management of the IL&FS Group of Companies is under the authority of the Union government, and the resolution process is supervised by the National Company Law Appellate Tribunal (NCLAT). Hon'ble Mr Justice D K Jain, a former Judge of the Supreme Court, was appointed by NCLAT to supervise the process.
Civil Appeal No. 3624 of 2020 was filed before the Supreme Court. Two settlements were reached between Vivek Agarwal (appellant) and Kanak Resource Management Limited & Anr. (respondents) during the pendency of the appeal. These settlements were marked as Annexure 'A' and Annexure 'G' to the IA. Kanak Resources Management Limited is a subsidiary of IL&FS Environmental Infrastructure and Services Limited. The management of IL&FS is overseen by a board appointed by the Union government, with the resolution process supervised by NCLAT. It was argued that Kanak Resources Management Limited is not subject to the Corporate Insolvency Resolution Process. The court decided to refer the settlements to Hon'ble Mr Justice D K Jain for scrutiny to ensure no legal bars
…Civil Appeal N…
Two settlements were…
Sign in to view related legal provisions.