Adjudicating Authority definition
Examples of Adjudicating Authority in a sentence
Ltd by 100% majority at the 14th COC meeting held on 6th November, 2020 and subsequently by an Order dated 24th March, 2021, the Resolution Plan of Glix Securities Private Limited was duly approved by the Adjudicating Authority i.e., National Company Law Tribunal, Kolkata Bench.
The Court also considered the question of jurisdiction of the Adjudicating Authority and the Appellate Authority i.e. the National Company Law Tribunal and National Company Law Appellate Tribunal qua Resolution Plans that have been approved by the Committee of Creditors.
This Contract shall be governed by the Laws of India and courts/ tribunals in [Mumbai] shall have jurisdiction over all matters arising out of or relating to this Contract; provided that the Hon’ble NCLT Mumbai being the Adjudicating Authority under IBC shall have jurisdiction to adjudicate on any matter arising under, pursuant to and/ or in connection with this Contract.
On the date of approval of the Resolution Plan by the Adjudicating Authority, all such claims which are not part of the Resolution Plan, shall stand extinguished and no person will be entitled to initiate or continue any proceedings With respect to a claim which is not part of the Resolution Plan; that the 2019 Amendment to Section 31 of the I&B Code is clarificatory and declaratory in nature and therefore will be effective from the date on which the I&B Code has come into effect.
Pursuant to the application filed by Auroma Coke Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016 (“IBC”) read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, CIRP was initiated against the Corporate Debtor in CP No. T.P. 17/KB/2022 and appointed Mr. ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ as Interim Resolution Professional (“IRP”) by order of Hon’ble National Company Law Tribunal, Kolkata Bench (“NCLT”) dated 02nd May 2024.