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Insolvency Moot 2017: Key Legal Questions

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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24 views1 page

Insolvency Moot 2017: Key Legal Questions

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.

Uploaded by

adityatnnls
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

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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