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18 IBC Case Laws - Others

Total questions: 5

Worksheet time: 3mins

Name
Class
Date
1.
In which of the following case the Appellate Tribunal upheld the order of the Adjudicating Authority stating that the Adjudicating Authority has rightly held that the applacation under section 9 was not maintainable against one of the mambers of the partnership firm (Respondent herein) and rightly rejected the said application.
a)
Ashok B. Jiwarjka, Director of Alok Infrastructure Ltd. V Axis Bank Ltd.
b)
Ferro Alloys Crop Ltd., v Rural Electrification Rop Ltd.
c)
JSW Steel Ltd. V Mahender Kumar khandelwal & Ors.
d)
Gammon India Ltd. Vs. Neelkanth Mansions and Infrastructure Pvt Ltd.
2.
In which case the NCLAT, after conjunct reading of the definitions of corporate person, corporate debtor, debt, claim, financial debt, operational debt, financial creditor, and default concluded that a guarantee becomes a debt as soon as the guarantee is invoked wherein after a guarantor ('corporate gurarantor') becomes a 'corporate debotors' in terms of the Code.
a)
Era Infra Engineering Limited Vs. Prideco Commercial Projects Pvt Ltd
b)
Innovative Industries ltd. Vs. Maharashtra State Electricity Distribution Company Ltd.
c)
S.C. Sekran Vs. Amit Gupta & Ors.
d)
Ferro Alooys Corporation Ltd. Vs. Rural Electrification Corporation Ltd.
3.
What was the issue involved in Export-Import Bank of india & Anr Vs. Astonfield Solar(Gujarat) Pvt. Ltd. & Anr.?
a)
Whether the 'Liquidator' is to keep the companies as 'going concern' even during period of liquidation ?
b)
Whether the 'liquidator' can take steps under Section 230 of the Companies Act, 2013 after consultations with the 'members' or 'The creditors' of the Companies for making arrangement with the third party and thereafter take approval of the 'national Company Law Tribunal?
c)
Whether the Shareholders can still exercise their rights under Section 10(3)© of the I & B Code even if as per certain stipulations of the 'Deed of Pledge' specifically states that on occurrence of any default the Pledge (Shareholders of the Corporate Debtor) shall lose all voting rights with regard to the Corporate Debtor?
d)
Whether the penalty imposed by the Adjudicating Authority under Section 65 of the Code is legal or noe ?
4.

In which of the case law, Supreme court discussed and defines the role of prospective resolution applicant?

a)

COC of Essar Steel India Ltd vs, Satish Kumar Gupta & Ors

b)

In the matter of Swiss India Private ilmited

c)

In the matter of Innoventive Industries liimted

d)

Arcellor Mittal India Private limited vs. Satish Kumar Gupta & Ors

5.

In which of the following case law, Highcourt discussed rule 3(2) of the Registered valuer rules and the Carve out of companies based on intelligible differntia

a)

Cushman and wakefield India Private limited vs. Union of India & ors

b)

Sree Metaliks Ltd. and Anrs. Vs. Union of India & another

c)

In the matter of Univalue Projects Private limited

d)

Jotun India Pvt Ltd Vs. PSL Ltd