Insolvency & Bankruptcy Code, 2016

Forech India Ltd. filed a winding‑up petition in the Delhi High Court in 2014 against a company, serving notice under Rule 26 of the Companies (Court) Rules. Later, a financial creditor (Respondent No.1) filed an insolvency petition under Section 7 of the Insolvency & Bankruptcy Code (IBC) before the NCLT, which was ad…

Jai Balaji Industries Ltd. (appellant) challenged an order of the National Company Law Appellate Tribunal (NCLAT) that set aside the National Company Law Tribunal's (NCLT) rejection of a Section 7 application filed by State Bank of India (respondent). The appellant contended that it was never served notice of the appea…

The appellant, HPCL Bio‑Fuels Ltd., entered into turnkey contracts with the respondent, Shahaji Bhanudas Bhad, for equipment supply. After a dispute over unpaid dues arose in 2014, the respondent invoked the arbitration clause and filed a Section 11(6) application in the Bombay High Court in February 2018, which he unc…