![Resolution Professional can only File Application for Avoidance of Preferential Transactions u/s 43 of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/IBC-professional-Taxscan.jpg "Resolution Professional can only File Application for Avoidance of Preferential Transactions u/s 43 of IBC: NCLAT [Read Order]")
Resolution Professional can only File Application for Avoidance of Preferential Transactions u/s 43 of IBC: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) in New Delhi ruled that, in accordance with Section 43 of the Insolvency and Bankruptcy Code,...
![Adjudicating Authority cannot Reject Plan Based on Valuation Report When No Objections were Raised by Stakeholders: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Adjudicating-Authority-Reject-Plan-Based-on-Valuation-Report-Valuation-Report-taxscan.jpg "Adjudicating Authority cannot Reject Plan Based on Valuation Report When No Objections were Raised by Stakeholders: NCLAT [Read Order]")
![NCLT Can Exercise Inherent Powers to Forward a Copy of its Order for Necessary Action: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Resolution-Professional-NCLT-Committee-of-Creditors-NCLAT-taxscan.jpg "NCLT Can Exercise Inherent Powers to Forward a Copy of its Order for Necessary Action: 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 authority under Section 18(1)(f) of the...
![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]")
Gratuity With Interest falls within definition of Operational Debt u/s 5(21) of IBC: NCLAT [Read Order]
The National Company Law Appellate Tribunal's (NCLAT) New Delhi bench has ruled that a claim for interest and gratuity fall under the definition of operational debt under section 5(21) of Insolvency...
![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 Majority's Consideration of Debt Restructuring with corporate debtor: NCLAT [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) New Delhi has held that a member may individually file for bankruptcy under Section 7 of the Insolvency and Bankruptcy Code, 2016 (Code) even...
![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]
The National Company Law Appellate Tribunal's (NCLAT) New Delhi bench has ruled that the corporate debtor's registered email address, as shown in the Company Master Data, can be used to receive a...
![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]
The National Company Law Appellate Tribunal (NCLAT) in New Delhi ruled that the State's debts should be treated as secured creditors under Section 53 of the Insolvency and Bankruptcy Code, 2016...
![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]")