Arun jagatramka biography of william

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National Company Law Appellate Tribunal | A bench comprising of Ashok Bhushan, J., Dr. Alok Srivastava* (Technical Member) and Barun Mitra (Technical Member) held that the appellant&#;s Scheme of Compromise and Arrangement appears to be doubtful as it seems to be an attempt to inflate the pay outs to related parties.

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In the instant matter, Financial Creditor, Nitin Jain filed an application under S.

7 IBC and the Adjudicating Authority vide order dated directed to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, Ratandeep infrastructure (P) Ltd. After an unsuccessful CIRP, the Adjudicating Authority order for liquidation of the corporate debtor and the respondentwas appointed as the Liquidator.

The Adjudicating Authority vide order dated , allowed the appellant (Bankey Bihari Infrahomes (P) Ltd.), to propose a scheme of compromise and arrangement under S. of the Companies Act, read with Regulation 2-B of the Insolven