+91 7090247247
User Login/Sign Up

Free Deeds & Drafts
Partner Login/Sign Up

Propertified Direct

Realtors
- - RERA Consultation
  - Agents - Resdential
  - Agents - Paying Guest
  - Agents - Land
  - Agents - Institutions
  - Agents - Commercial
  - Agents - SEZs & Corporates
  - International Agents
Builders
- - Builders - Residential
  - Builders - Commercial & Industrial
  - Developers - Commercial & Industrial
  - Builders -Institutional
  - Developers - Residential
  - Builders - SEZs & Corporates
  - Developers - Institutional
  - Developers - SEZs & Corporates
Property Managers
- - Residential Property Management
  - Commercial Property Management
  - NRI Property Management
Legal & Drafting
- - Legal Opinion (Written)
  - Affidavits
  - Property & Documents Inspection
  - Registration Assistance
  - Agreements/Deeds
  - Lease/Rental Agreements
  - Procure Revenue Documents
  - Packages
  - Utility/Property Payments
  - Power of Attorneys
  - Wills
    - Make A will
    - Make A Codicil
  - Consultation on Property
    - Property Buying
    - Property Selling
  - Construction Approvals
    - Residential
    - Commercial
  - Notary & Attestation Services
NRI Services
- - Property Search
    - Land And Property Search
  - Propert Transfer
    - Land and Property Transfer
  - Property Partition
    - Partition of Land And Property
  - Landlord Tenant Disputes
    - Landlord Tenant Disputes
  - Property Disputes
  - Buying Selling of Property in India
    - Buying/Selling of Property in India
  - Investment/Realestate Claims
    - Investment/Realestate Claims
  - Succession Certificate
    - Succession Certificate
  - Power of Attorneys for NRIs
    - General Power of Attorney by NRI
    - Special Power of Attorney by NRI
Corporate Services
- - SEZ Approvals
  - Project Approvals
  - CREDAI Registration
    - CREDAI Registration Assistance
  - Forming Owners Associations/Societies
    - Apartments
    - Layouts
  - Land Sourcing
Architects
- - Residential & More
  - Commercial & Industrial
  - Institutional
  - SEZs & Corporates
Surveyers
- - Expert & Residential
  - Commercial & Industrial
  - Institutional
  - SEZs & Corporates
Engineers
- - Chartered Engineers
  - Design Engineers
  - Structural Engineers
  - Civil Engineers
Valuers
- - Residential
  - Commercial & Industrial
  - Institutional
  - SEZs & Corporates
Interiors
- - Expert
  - Residential
  - Commercial & Industrial
  - Institutional
Contractors
- - Civil
  - Expert/Custom
  - Borewell
  - Fabrication
  - Flooring
  - Other/More
  - Roofing
Loans
- - Residential Loans
  - Institutional Loans
  - Corporate Loans
  - Commercial & Industrial
Vastu
- - Residential Vastu
  - Commercial & Industrial Vastu
  - Institutional Vastu
  - SEZs & Corporates Vastu

Latest News

Back

Insolvency Proceedings Can Be Closed Based On Settlement Prior To CoC Formation:

Courtesy/By: Sakshi Shukla | 15 Feb 2019

The National Company Law Appellate Tribunal has asked the Kolkata Bench of National Company Law Tribunal to close an insolvency proceeding by accepting the settlement arrived at between the Corporate Debtor and the Operational Creditor before the Constitution of the Committee of Creditors. The Appellate Tribunal also found that there was a "pre-existing dispute" between the parties, and hence the application under Section 9 of the Insolvency and Bankruptcy Code was not admissible in the first place.

The appellant also pointed out that the parties had signed a settlement deed on January 31. However, by then, the Interim Resolution professional appointed by virtue of the NCLT Kolkata's order had constituted the committee of creditors which was supposed to hold its first meeting on February 12. The NCLAT took note of the fact that there was a pre-existing dispute and the 'Operational Creditor' accepted that the parties have settled the matter.

The NCLAT also asked NCLT, Kolkata to fix the fee of 'Interim Resolution Professional' for the period he has functioned with direction to the corporate debtor to pay the fee. As per the law laid down by the Supreme Court in Innovative Industries Ltd Vs ICICI Bank and Ors, the moment there is a pre-existing dispute, the application under Section 9 cannot be admitted.

Courtesy/By: Sakshi Shukla | 15 Feb 2019