This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Order passed by Adjudicating Authority, without resolution professional’s application for initiation of proceedings u/s 43, is unsustainable
Case Law Details
- Case Name
- Sahara India Vs Nandkishor Vishnupant Despande (NCLAT Delhi)
- 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.
Sahara India Vs Nandkishor Vishnupant Despande (NCLAT Delhi)
Facts- The Appellant has remitted the principal amount of Rs. 39,95,00,000/- in various tranches commencing from April, 2018 to February, 2019 in accordance with the ‘Memorandum of Understanding’ (MOU) dated 07th March, 2017 with the Corporate Debtor (CD)/Respondent (in CIRP) for supply of future goods in the form of gold coins/Gold ornaments. The golds were supposed to be supplied by the CD any time after January, 2019. As per MoU vide para 1 reflects clearly that all such advance payments will not attract any interest. It is al...
Author Info
