Question 204

Association was holding the certificate of registration making it eligible for acceptance of foreign contribution established for the betterment of poor children. Central Government later cancelled the certificate of the association for violation of the terms and conditions of certificate for being ...
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Question 213

ABC and Co, the tax consultants of X Limited for which an interim resolution professional Mr. A, has been appointed under the Corporate Insolvency resolution process has refused to furnish information to Mr. A on the grounds of client confidentiality. Are they right?...
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Question 210

Ruby Ltd. filed an application to the NCLT stating that corporate insolvency resolution process against him, cannot be completed within the 90 days under the fast track insolvency resolution process. Considering application and on being satisfied, NCLT ordered to extend the period of such process by...
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Question 203

Surya Ltd., incorporated and registered in New Delhi with a foreign shareholding more than 50% due to liberalization in FDI policy. State correct statement as to the status of the Surya Ltd.?...
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Question 207

Mr. X wants to start a bakery and so he contacts Mr. Y Confectioners & Bakers for supply of cakes and biscuits. The communication between the parties were over email. On e-mail, there was a term of service between the parties containing that “any disputes regarding quality or delivery shall b...
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Question 206

Mr. A. Mr. B and Mr. C are partners in XYZ partnership firm. The firm made an agreement in writing to refer a dispute between them in business to an arbitrator. In spite of this agreement Mr. B files a suit against Mr. A and Mr. C relating to the dispute in a magisterial court. […]...
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Question 214

Mr. Satya, file a petition for default of non payment of the debt against Mr. X. The amount in default claimed by petitioner was 30 Lac. Mr. X (Respondent) pleaded before the adjudicating authority that the amount of claim was not belonging to the applicant. Mr. Satya, asserted that he himself with ...
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Question 208

RAB Bank Limited, a banking company, has defaulted in payment of dues to their catering contractor. Can the contractor, as operational creditor initiate insolvency process against bank: –...
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