Disposed

In the matter of Reliance Capital Ltd. Ia 1,99 & 150-2023 in C.P. (IB)-1231(MB)2021

NCLT19 Jan 2023

Case brief

AI extract

What is this about?

The National Company Law Tribunal listed applications IA 1/2023, IA 99/2023, and IA 150/2023 regarding Banking Regulations Act and IBC for hearing on an adjourned date, retaining the matter as part heard for future hearing.

What did the court decide?

Matter listed for hearing on 20.01.2023; registry directed to retain the matter High on Board as it is a part-heard matter.

In the matter of Reliance Capital Ltd. Ia 1,99… — Insolvency and Bankruptcy | NCLT (2023)

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NATIONAL COMPANY LAW TRIBUNAL

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COURT-I, MUMBAI BENCH

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Item 8

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IA 1/2023 IA 99/2023 IA 150/2023 IN C.P. (IB)/1231(MB)2021

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CORAM:

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SH. SHYAM BABU GAUTAM JUSTICE P.N. DESHMUKH (Retd.) HON’BLE MEMBER (T) HON’BLE MEMBER (J)

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ORDER SHEET OF THE HEARING ON 19.01.2023

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NAME OF THE PARTIES : Reserve Bank of India V/s RELIANCE CAPITAL LTD

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Appearance (via video-conference): For Applicant – IA 99 in IA 1/23 : Mr. Mukul Rohatgi, Sr Advocate, Mr. Darius Khambata and Sr. Advocate, Mr. Vikram Nankani, Sr. Advocate with Mr. Anoop Rawat, Ms. Meghana Rajadhyaksha, Vaijyant Paliwal, Mr. Karan, Mr. Sagar Dhawan, Mr. Rishabh Jaisani, Mr. Nikhil Mathur, Mr. Harit Lakhani, Mr. Ahkam Khan, Mr. Daksh Kadian and Ms. Samidha Mathur, Advocates i/b Shardul Amarchand Mangaldas & Co. For the Applicant – IA 150 : Sr.Counsel Harish Salve a/w Dr. Abhishek Manu Singhvi, Sr. Counsel, Navroz Seervai, Senior Counsel a/w Bhumika Batra, Shadab Jan, Parita Dave, Vidhi Dhanuka and Manthan Jhaveri i/b M/s. Shailendra Kanetkar For Respondent/Administrator – IA 99 in IA 1/2023 : Sr Adv Ravi Kadam, Adv. Rohan Kadam a/w Adv. Abhishek Adke and Adv. Sagar Vichare i/b Adv. Abhishek Adke

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For the Administrator : Sr Adv Ravi Kadam, Adv. Rohan Kadam a/w Adv. Abhishek Adke and Adv. Sagar Vichare i/b Adv. Abhishek Adke For R2 to R4 – IAs 99 in IA 1 : Sr. Adv. Kapil Sibal a/w Adv. Prateek Seksaria, Adv. Pooja Dhar, Adv. Piyush Mishra, Adv. Sanjeev Kumar, Adv. Anshul Sehgal, Adv. Divyanshu Jain, Adv. Rishabh Parikh, Adv. Anusha Nagarajan I/b Luthra & Luthra Law Offices India For the Financial Creditors : Bhalchandra Palav a/w Aniket Dighe i/b Bhal & Co- Advocates Section 60(5), 7 of the IBC, 2016

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ORDER

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Ld. Senior Counsel Shri Kapil Sibal appearing for CoC/ Respondents Nos 2,3,4 in IA 99/2023 in IA 01/2023 is present. Ld. Sr Counsel Shri Harish Salve a/w Mr. Abhishek Manu Singhvi, Sr Advocate for the Applicant in IA 150/2023 are present. Heard their submissions and have concluded their arguments. Heard Ld. Sr. Counsel, Mr. Darius Khambata, appearing for the Applicant in IA 99/2023 in IA 01/2023 partly in Rejoinder. List this matter on 20.01.2023. Registry is directed to retain the position of this matter High on Board on the adjourned date, as this is a ‘ Part Heard ’ matter.

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Sd/Sd/- SHYAM BABU GAUTAM JUSTICE P.N. DESHMUKH Member (Technical) Member (Judicial)

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Jagdish

In the matter of Reliance Capital Ltd. Ia 1,99 & 150-2023 in C.P. (IB)-1231(MB)2021

Case brief

What is this about?

What did the court decide?

In the matter of Reliance Capital Ltd. Ia 1,99 & 150-2023 in C.P. (IB)-1231(MB)2021

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Statutes considered

Parties & counsel

Coram

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