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    Whether PEG Has Submitted Claims in Time? Public Depositors-Operational Creditors or Not?

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    adityatnnls
    The document lists several clarification questions regarding an insolvency moot court competition. It asks whether a third party can propose a resolution plan, if a high court can attach bank accounts in another state due to non-payment, and if a board resolution to sell assets to raise funds was valid. It also questions if utilities can cut services during a moratorium, if approaching the bankruptcy court was justified, and whether certain debt adjustments or claim submissions were allowable. Finally, it seeks clarification on the status of public depositors in the proceedings.

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    Whether PEG Has Submitted Claims in Time? Public Depositors-Operational Creditors or Not?

    Uploaded by

    adityatnnls
    156 views1 page
    The document lists several clarification questions regarding an insolvency moot court competition. It asks whether a third party can propose a resolution plan, if a high court can attach bank accounts in another state due to non-payment, and if a board resolution to sell assets to raise funds was valid. It also questions if utilities can cut services during a moratorium, if approaching the bankruptcy court was justified, and whether certain debt adjustments or claim submissions were allowable. Finally, it seeks clarification on the status of public depositors in the proceedings.

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    Original Title

    Clarifications

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    The document lists several clarification questions regarding an insolvency moot court competition. It asks whether a third party can propose a resolution plan, if a high court can attach bank accounts in another state due to non-payment, and if a board resolution to sell assets to raise funds was valid. It also questions if utilities can cut services during a moratorium, if approaching the bankruptcy court was justified, and whether certain debt adjustments or claim submissions were allowable. Finally, it seeks clarification on the status of public depositors in the proceedings.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    156 views1 page

    Whether PEG Has Submitted Claims in Time? Public Depositors-Operational Creditors or Not?

    Uploaded by

    adityatnnls
    The document lists several clarification questions regarding an insolvency moot court competition. It asks whether a third party can propose a resolution plan, if a high court can attach bank accounts in another state due to non-payment, and if a board resolution to sell assets to raise funds was valid. It also questions if utilities can cut services during a moratorium, if approaching the bankruptcy court was justified, and whether certain debt adjustments or claim submissions were allowable. Finally, it seeks clarification on the status of public depositors in the proceedings.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    NLU- D -INSOLVENCY MOOT, 2017

    CLARIFICATIONS

    4. Whether third party can propose resolution plan?

    5. Whether HC of Karnataka can attach Mumbai bank accounts cash in case of default of
    payment?

    1. Whether resolution passed by board of directors to sell Mumbai house to MD for Rs 5


    crore to raise funds was valid or not?
    2. Whether GSES can cut power supply due to non-payment of bills during moratorium
    period?
    1. Whether financial creditor is justified in approaching NCLT?
    2. Whether lessee of corporate debtor can adjust lease amount to write off debt as he could
    not pay the debts because of nonpayment by his clients?
    3. Whether IBBI has to give grounds for rejection of IRP recommendation

    Other Parties

    Whether PEG has submitted claims in time?


    Public Depositors-operational creditors or not?

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