Injunction Denied Without Proof of Asset Dissipation or Risk to Award Execution: Calcutta High Court
A major insolvency proceeding under the Insolvency and Bankruptcy Code, 2016 and Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019 began with the admission of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL) into Corporate Insolvency Resolution Process (CIRP) by the National Company Law Tribunal (NCLT), Kolkata Bench, through an order dated 08 October 2021. Appointment of…
