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Company Law

NCLAT Chennai: Malavika Hegde vs. IndusInd Bank – Settlement Terminates CIRP

By Editor4 Company Law Judiciary September 14, 2023
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Case Law Details

Case Name
Malavika Hegde, Suspended Director of Coffee Day Global Limited Vs IndusInd Bank Ltd. & Anr. (NCLAT Chennai)
Appeal Number
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Date of Judgement/Order
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NCLAT
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Advertisement Malavika Hegde, Suspended Director of Coffee Day Global Limited Vs IndusInd Bank Ltd. & Anr. (NCLAT Chennai) Introduction: In a recent development, the National Company Law Appellate Tribunal (NCLAT) Chennai passed a significant order in the case of Malavika Hegde, the suspended Director of Coffee Day Global Limited, versus IndusInd Bank Ltd. and another party. This order revolves around a pivotal ‘Settlement’ that led to the termination of the Corporate Insolvency Resolution Process (CIRP). Let’s delve into the details of this case. Detailed Analysis: Th...
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