Case Comment on Hon’ ble NCLT Mumbai Bench Holding – ” Claims towards rent do not qualify as Operational Debt under IBC”

The Hon’ble National Company Law Tribunal or NCLT (Mumbai) Bench  in M/S Citicare Super Speciality Hospital vs. Vighnaharta Health Visionaries Pvt. Ltd. has held that claims towards outstanding rent do not qualify as “ Operational Debt” as defined under Insolvency and Bankruptcy Code, 2016 ( IBC) and therefore the petition is not maintainable under Section 9 of […]

Highlights and Analysis of the Enemy Property (Amendment and Validation) Bill, 2016

Introduction Recently, the Central Government has identified almost 9,400 enemy properties worth Rs. One Lakh Crore and has ordered to sell it off. The Highest of these enemy properties are in Uttar Pradesh which in numbers are around 4,991 properties, second in line is West Bengal which has 2,735 enemy properties, 487 enemy properties are […]