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NCLT Admits HDFC Bank's Insolvency Petition u/s 7 citing clear acknowledgment of liability , Initiates CIRP [Read Order]

Yogitha S Yogesh

The National Company Law Tribunal (NCLT), Indore Bench, has admitted a Section 7 application filed by HDFC Bank Limited against Shri Bhagwati Agro ...

Leasehold Rights Not Proved: NCLAT Holds Industrial Unit Cannot Be Treated as Corporate Debtor’s...

Fraudulent Diversion of ₹1.20 Cr Corporate Debtor Funds via Unauthorised Accounts Proved: NCLAT...

RP’s Admission of Claim Amounts to Debt Acknowledgement u/s 18 of Limitation Act: NCLAT holds S. 7...

ED’s Pre-CIRP Attachment Ceases Post Plan Approval: NCLAT Extends S. 32A Protection to...

Fraud Allegations in CIRP Not Grounds for Revisiting Delay Condonation Order: NCLAT Dismisses SEBI’s Recall Application [Read Order]

The principal bench of the National Company Law Appellate Tribunal (NCLAT) has dismissed SEBI’s attempt to recall a NCLAT judgment rejecting its delay condonation application in a CIRP-related ...

Non‑submission of final Resolution Plan bars challenge: NCLAT upholds CIRP and approved plan [Read Order]

The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has upheld the approval of the resolution plan , rejecting the challenge mounted by the appellant. The appeal...

No Direct Approval for Amrapali Plan: NCLAT Upholds NCLT Direction to Reconsider Resolution or Issue Fresh Form G [Read Order]

The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has clarified the voting mechanism for financial creditors in a class under Section 25A(3A) of the Insolvency and ...

Decoding the Financial Creditor Under the IBC: Scope, Rights, and Judicial Clarity

The enactment of the Insolvency and Bankruptcy Code, 2016 (IBC) marked a paradigm shift in the way corporate insolvency is addressed in India. Central to the code is the distinction between...

Limitation Act Applies to IBC: NCLT Condones Delay in Kerala Financial Corp's Bankruptcy Applications [Read Order]

While allowing the bankruptcy applications filed by Kerala Financial Corporation against personal guarantors, the Kochi bench of National Company Law Tribunal (NCLT) has held that the provisions of...

Belated Expression of Interest No 'Material Irregularity' in CIRP: NCLAT Sets Aside NCLT Order, Restores CoC-Approved Resolution Plan [Read Order]

In a recent ruling clarifying the threshold for “material irregularity” under the Insolvency and Bankruptcy Code (IBC), the National Company Law Appellate Tribunal (NCLAT) has held that acceptance...

Resolution Plan Lacks Feasibility, Viability and IBC Compliance: NCLT Rejects CoC’s ₹1.5 Cr Resolution Plan, Orders Liquidation u/s 33(1)(b) [Read Order]

The Ahmedabad Bench of the National Company Law Tribunal (NCLT) has rejected a resolution plan valued at ₹1.5 crore of the petitioner, holding that the plan lacked feasibility, viability, and...