![Orders Obtained through Fraud may be Recalled by Adjudicating Authority u/r 11 of the NCLT Rules: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/NCLAT-Rule-11-of-NCLT-Orders-Obtained-through-Fraud-NCLAT-on-fraudulent-orders-recall-TAXSCAN.jpg "Orders Obtained through Fraud may be Recalled by Adjudicating Authority u/r 11 of the NCLT Rules: NCLAT [Read Order]")
Orders Obtained through Fraud may be Recalled by Adjudicating Authority u/r 11 of the NCLT Rules: NCLAT [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) has observed that where the adjudicating authority has been made to rely on distorted facts...
![Commercial Wisdom of CoC in approving Resolution Plan needs no Interference by Adjudicating Authority unless Plan is Violative of section 30(2) of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Commercial-wisdom-CoC-in-approving-resolution-plan-resolution-plan-no-interference-Adjudicating-Authority-unless-Plan-is-violative-IBC-NCLAT-taxscan.jpg "Commercial Wisdom of CoC in approving Resolution Plan needs no Interference by Adjudicating Authority unless Plan is Violative of section 30(2) of IBC: NCLAT [Read Order]")
![Application u/s 7 IBC can be Filed to Claim Remaining Amount after Selling Pledged Shares: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Pledged-shares-under-IBC-Insolvency-and-Bankruptcy-Code-NCLAT-on-pledged-shares-Remaining-debt-after-pledged-shares-Claim-balance-amount-IBC-NCLAT-judgment-pledged-shares-T.jpg "Application u/s 7 IBC can be Filed to Claim Remaining Amount after Selling Pledged Shares: NCLAT [Read Order]")
![NCLAT uphold Resolution Plan In absence of irregularity in conduct of CIRP Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/NCLAT-Resolution-Plan-CIRP-proceedings-NCLAT-New-Delhi-CIRP-NCLAT-news-NCLAT-updates-taxscan.jpg "NCLAT uphold Resolution Plan In absence of irregularity in conduct of CIRP Proceedings [Read Order]")
![Remaining amount of claim show Existence of Default Amount: NCLAT upholds Appointment of RP [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Remaining-amount-claim-show-Existence-claim-show-Default-Amount-NCLAT-upholds-NCLAT-NCLAT-upholds-Appointment-NCLAT-upholds-Appointment-of-RP-taxscan.jpg "Remaining amount of claim show Existence of Default Amount: NCLAT upholds Appointment of RP [Read Order]")
![Contempt Appeal against Juristic Entity not Maintainable u/s 61 of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/NCLAT-IBC-Contempt-Appeal-taxscan.jpg "Contempt Appeal against Juristic Entity not Maintainable u/s 61 of IBC: NCLAT [Read Order]")
Appeal against Proceedings u/s 30 of IBC not survive after Implementation of Resolution Plan: NCLAT [Read Order]
The Chennai bench of the National Company Law Appellate Tribunal (NCLAT) observed that since the Resolution Plan has been fully implemented, the cause of action as agitated against the proceedings...
![Appeal against Proceedings u/s 30 of IBC not survive after Implementation of Resolution Plan: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/IBC-NCLAT-Appeal-against-Proceedings-of-IBC-taxscan.jpg "Appeal against Proceedings u/s 30 of IBC not survive after Implementation of Resolution Plan: NCLAT [Read Order]")
Wife & Children’s Maintenance Right Overrides Creditors under SARFAESI/ IBC on Husband's Assets: Supreme Court [Read Judgement]
The Supreme Court observed that right to maintenance is equivalent to a fundamental right and shall have an overriding effect over statutory rights of creditors under Securitization and...
![Wife & Children’s Maintenance Right Overrides Creditors under SARFAESI/ IBC on Husbands Assets: Supreme Court [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2024/12/Supreme-Court-SARFAESI-IBC-Insolvency-and-Bankruptcy-Code-Maintenance-Rights-under-SARFAESI-taxscan.jpeg "Wife & Children’s Maintenance Right Overrides Creditors under SARFAESI/ IBC on Husbands Assets: Supreme Court [Read Judgement]")
![Resolution Professional Entitled to determine Related Party Status of Creditor: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Resolution-Professionals.jpg "Resolution Professional Entitled to determine Related Party Status of Creditor: NCLAT [Read Order]")
Banks can decide Remuneration for Statutory Auditors: LS Passes Banking Laws (Amendment) Bill 2024 [Read Bill]
The Lok Sabha has passed the Banking Laws (Amendment) Bill, 2024, making important changes in the banking statutes. Among the notable changes, banks are now empowered to determine the remuneration of...
![Banks can decide Remuneration for Statutory Auditors: LS Passes Banking Laws (Amendment) Bill 2024 [Read Bill]](https://www.taxscan.in/wp-content/uploads/2024/12/Banking-Laws-Amendment-Bill-2024-Banking-Laws-Amendment-Bill-Lok-Sabha-Banking-Reforms-Banking-Law-Changes-India-taxscan.jpg "Banks can decide Remuneration for Statutory Auditors: LS Passes Banking Laws (Amendment) Bill 2024 [Read Bill]")
Pendency of One Time Settlement Proposal is not A Ground to Reject Application u/s 95: NCLAT [Read Order]
The New Delhi bench of National Company Law Appellate Tribunal ( NCLAT ) has held that pendency of One Time Settlement Proposal ( OTS ) which is not yet accepted, cannot be a ground to refuse...
![Pendency of One Time Settlement Proposal is not A Ground to Reject Application u/s 95: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/NCLAT-NCLAT-Delhi-National-Company-Law-Appellate-Tribunal-NCLAT-ruling-on-OTS-TAXSCAN.jpg "Pendency of One Time Settlement Proposal is not A Ground to Reject Application u/s 95: NCLAT [Read Order]")
Share Capital Reduction Does Not Exempt Company From Fulfilling Other Statutory Obligations: NCLT [Read Order]
In a recent ruling, the Ahmedabad bench of National Company Law Tribunal (NCLT) approved a Section 66 application of Companies Act, 2013 filed by the Mahan Industries, seeking confirmation in the...
![Share Capital Reduction Does Not Exempt Company From Fulfilling Other Statutory Obligations: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Share-Capital-NCLT-Fulfilling-Other-Statutory-Obligations-Share-Capital-Reduction-the-Ahmedabad-bench-of-National-Company-Law-Tribunal-Taxscan.jpg "Share Capital Reduction Does Not Exempt Company From Fulfilling Other Statutory Obligations: NCLT [Read Order]")