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5. IBC Case Laws- CIRP

Total questions: 7

Worksheet time: 4mins

Name
Class
Date
1.
Out of which of the following cases "the Adjudicating Authority directed consolidation of ramaining 13 entities for drawing up a common information Memorandum for inviting a common resolution plan."
a)
State Bank of India Vs. Adhunik Metaliks limited and Others
b)
SBI Vs. Coastal projects Ltd
c)
Aircel Limited Vs. Unoin of India
d)
State Bank of India Vs. Videocon Industries Limited.
2.
In the matter of Videocon Industries Limited & Ors. State Bank of India sought an order for the consolidation of the corporate insolvency resolution process of companies
a)
10
b)
15
c)
12
d)
17
3.
In which case the concept of Reverse corporate insolvency resolution process was introduced by the Appellate Tribunal?
a)
Flat Buyers Association Winter Hills - 77, Gurgaon vs Umang Realtech Pvt. Ltd through IRP & Ors
b)
Varrsana Ispat Limited v Deputy Director, Directorate of Enforcement
c)
Gammon India Limited v Neelkanth Mansions and Infrastructure Pvt Ltd.
d)
Export Import Bank of India & Anr v Astonfield Solar (Gujarat) Pvt Ltd. Anr.
4.
In which case the NCLAT noted that separate Corporate Insolvency Resolution Process has been initiated against another Corporate Debtor which is separate from the Corporate Insolvency Resolution Process?
a)
Innovative industries Ltd.Vs. Maharashtra State Electricity Distribution Company.
b)
S.C. Sekran Vs. Amit Gupta & Ors
c)
Ashok B. Jiwaajka, Director of Alok Infrastructure Ltd V Axis Bank Ltd
d)
State Bank Of India v. Indexport Registered and Ors.
5.

In which of the following cases the issue "Whether the AA or Appellate Tribunal can decide on the question of utilisation of profits of the corporate debtor during CIRP if the request for plan or resolution plan provides for the treatment of same?" is addressed?

a)

Shivam Water Treaters private Limited

b)

COC of Essar Steel India Limited Vs. Satish Kumar Gupta

c)

Arcelor Mittal India Private Limited Vs Satish Kumar Gupta

d)

Swiss Ribbons Pvt Ltd. & Anrs.Vs. Union of India & Ors

6.

In which case the issue "whether the notice be given to Corporate debtor before passing an order for iniating corporate insolvency resolution process? At what stage teh set off and counterclaim be considered? " is involved

a)

Swiss Ribbons Pvt. Ltd & Anrs Vs. Union of India & Ors.

b)

COC of Essar Steel Ltd

c)

Arcelor Mittal India Provate Limited VS. Satish kr. gupta

d)

B.K. Eductaions Servcies Pvt Ltd. Vs Parag Gupta and Associates

7.

What was the issue involved in case Ashok B. Jiwrajka, Director of Alok Infrastructure Ltd. Vs. Axis Bank Ltd?

a)

Whether an insolvency proceeding can be initiated Against the corporate guarantor without initiating corporate insolvency resolution process against the principal borrower?

b)

Whether the penalty imposed by the Adjudicating Authority under Section 65 of the Code is legal or not?

c)

Whether the order of the Adjudicating Authority directing liquidation deserves to be set aside?

d)

Whether Corporate Insolvency Resolution  Process can be initiated separately against a Subsidiary Company when Corporate Insolvency Resolution Process has already been initiated against the Holding Company?