NCLAT finds payment made towards investment in a joint venture cannot be treated as ‘Operational Debt.’
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A bench headed by Justice R F Nariman granted the relief to the petitioners' Justices (retd) Jarat Kumar Jain, Bavinder Singh and Vijay Pratap Singh who were part of the bench, which had referred the matter to a five-member bench headed by the acting chairperson of the appellate tribunal.
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A word of appreciation was also extended to all the senior officers, experts, members of Karnataka State Legal Services Authority (KSLSA) and Non-governmental organisations (NGOs), who took part in the hearing on Thursday.
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The Structuring of the firm was advised by Bithika Anand and Nipun Bhatia of the Legal League Consulting
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Justice Patel has instructed his court associate to flash messages on the online display board in case the previous time slot is delayed due to any reason. This was done for the benefit of lawyers.
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Juris Corp advises in relation to two financings extended to Biocon Group entities for setting up a manufacturing plant for the AP Innovative Society Project.
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Juris Corp advised Australia and New Zealand Banking Group Limited, Seoul Branch (“ANZ”) in relation to readjustment/substitution/rollover of certain credit facilities
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The court directed the officer empowered under the Act to conduct an investigation in the case and file a monthly report before the court.
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