![Interim Resolution Professional Can Take Possession of Assets Owned by Corporate Debtor: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Interim-Resolution-Professional-Interim-Resolution-Corporate-Debtor-taxscan.jpg "Interim Resolution Professional Can Take Possession of Assets Owned by Corporate Debtor: NCLAT [Read Order]")
Interim Resolution Professional Can Take Possession of Assets Owned by Corporate Debtor: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that the Interim Resolution Professional (IRP) is well within his...
![Gratuity With Interest falls within definition of Operational Debt u/s 5(21) of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/gratuity-site-img.jpg "Gratuity With Interest falls within definition of Operational Debt u/s 5(21) of IBC: NCLAT [Read Order]")
![Filing petition u/s 7 of IBC not barred by Majoritys Consideration of Debt Restructuring with corporate debtor: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/corporate-debtor-IBC-Filing-petition-of-IBC-taxscan.jpg "Filing petition u/s 7 of IBC not barred by Majoritys Consideration of Debt Restructuring with corporate debtor: NCLAT [Read Order]")
![Issuance of Demand Notice on Registered Email Address of Corporate Debtor is Sufficient u/s 8 of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Demand-notice-NCLAT-TAXSCAN.jpg "Issuance of Demand Notice on Registered Email Address of Corporate Debtor is Sufficient u/s 8 of IBC: NCLAT [Read Order]")
![State can be Secured Creditor under IBC Due to Statutory Charge Created u/s 48 of GVAT Act: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/NCLAT-IBC.jpg "State can be Secured Creditor under IBC Due to Statutory Charge Created u/s 48 of GVAT Act: NCLAT [Read Order]")
Inadvertent Typographical Errors in NCLT Orders can be Corrected u/r 154 of NCLT Rules: NCLAT [Read Order]
In a recent case, the New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that inadvertent typographical errors in the orders passed by the National Company Law Tribunal...
![Inadvertent Typographical Errors in NCLT Orders can be Corrected u/r 154 of NCLT Rules: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/NCLAT-NCLT-Orders-NCLT-Rules-taxscan.jpg "Inadvertent Typographical Errors in NCLT Orders can be Corrected u/r 154 of NCLT Rules: NCLAT [Read Order]")
NCLAT Sets Aside CIRP Admission, Citing Pre-Existing Dispute Evident in Email Exchanges [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has set aside the admission of a Corporate Insolvency Resolution Process (CIRP) initiated against Ambassador Logistics Pvt. Ltd., holding that a...
![NCLAT Sets Aside CIRP Admission, Citing Pre-Existing Dispute Evident in Email Exchanges [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/NCLAT-NCLAT-Sets-Aside-CIRP-Admission-CIRP-Admission-taxscan.jpg "NCLAT Sets Aside CIRP Admission, Citing Pre-Existing Dispute Evident in Email Exchanges [Read Order]")
![NCLAT Dismisses Appeal Against Auction, Citing Delay and Finality of Sale Process [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/NCLAT-NCLAT-Dismisses-Appeal-Appeal-Against-Auction-taxscan.jpg "NCLAT Dismisses Appeal Against Auction, Citing Delay and Finality of Sale Process [Read Order]")
Operational Creditor cannot initiate Insolvency Proceedings When Complaints Regarding Defects Remain Unresolved: NCLT rules against Schneider Electric India Pvt. Ltd. [Read Order]
In a ruling against Schneider Electric India Pvt. Ltd., the National Company Law Tribunal (NCLT), New Delhi bench has held that an Operational Creditor cannot initiate insolvency proceedings against...
![Operational Creditor cannot initiate Insolvency Proceedings When Complaints Regarding Defects Remain Unresolved: NCLT rules against Schneider Electric India Pvt. Ltd. [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Schneider-Electric-India-Pvt.-Ltd-.jpg "Operational Creditor cannot initiate Insolvency Proceedings When Complaints Regarding Defects Remain Unresolved: NCLT rules against Schneider Electric India Pvt. Ltd. [Read Order]")
Payment Made on Specific Invoice not adjustable Against Back-Dated Invoices: NCLTÂ rejects petition filed u/s 9 of IBC [Read Order]
While rejecting a petition filed under section 9 of the Insolvency & Bankruptcy Code, 2016 (the code), the New Delhi bench of the National Company Law Tribunal (NCLT) held that when a payment...
![Payment Made on Specific Invoice not adjustable Against Back-Dated Invoices: NCLTÂ rejects petition filed u/s 9 of IBC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Corporate-debto-r-taxscan.jpg "Payment Made on Specific Invoice not adjustable Against Back-Dated Invoices: NCLTÂ rejects petition filed u/s 9 of IBC [Read Order]")
DRT Order Setting aside NPA Classification Does not Negate Existence of Financial Debt: NCLT [Read Order]
The New Delhi bench of the National Company Law Tribunal (NCLT) ruled that the existence of financial debt or the occurrence of default—the two main requirements for admitting a Section 7 petition...
![DRT Order Setting aside NPA Classification Does not Negate Existence of Financial Debt: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/DRT-NPA-Classification-NCLT-TAXSCAN.jpg "DRT Order Setting aside NPA Classification Does not Negate Existence of Financial Debt: NCLT [Read Order]")
![Non-Examination of Matter on Merits: NCLAT upholds Recall and Adjudication by NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/NCLAT-NCLAT-upholds-Recall-and-Adjudication-by-NCLT-taxscan.jpg "Non-Examination of Matter on Merits: NCLAT upholds Recall and Adjudication by NCLT [Read Order]")