This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Non-Obtaining of NOC from Applicant Does Not Ipso Facto Invalidate Security Documents
Case Law Details
- Case Name
- Bank of Baroda Vs Ajit Kumar (NCLT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLAT
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Bank of Baroda Vs Ajit Kumar (NCLT Mumbai)
In a significant ruling, the National Company Law Tribunal (NCLT) Mumbai addressed the legal implications surrounding the necessity of a No Objection Certificate (NOC) in the insolvency proceedings of Omkar Speciality Chemicals Limited. The case, Bank of Baroda Vs Ajit Kumar, centers on the challenges raised by Bank of Baroda regarding the admission of claims by Axis Bank and NKGSB Co-operative Bank as secured creditors without obtaining an NOC from the primary creditor, Bank of Baroda.
The application was filed under Section 60(5) of...
Author Info
