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NCLT - Liquidator - Judicial Orders - taxscan

NCLT allows Exclusion of Time spent by Liquidator in complying with Judicial Orders and Directions of Stake Holders [Read Order]

Yogitha S Yogesh

The Kolkata Bench of the National Company Law Tribunal (NCLT )has permitted exclusion of time spent by liquidators in complying with judicial ...

Termination of Concession Agreement does not Discharge Corporate Debtor's Obligation to Repay: NCLAT...

Application under section 7(5) of IBC cannot be Rejected due to non furnishing of NeSL when...

NCLAT Allows IDBI Trusteeship to Initiate CIRP as there is Valid Authorization from Assignee of Debt...

Corporate Debtor Defaults in Repayment of Financial Debt over Minimum Threshold of Rs. 1 crore u/s 4...

NCLT Admits Application of IDBI Bank u/s 7 of IBC as Corporate Debtor Acknowlegdes OTS on Due Debt within period of limitation [Read Order]

In a recent case, the Cuttack bench of the National Company Law Tribunal(NCLT) admitted the application of IDBI Bank filed under section 7 of the Insolvency and Bankruptcy Code,2016 (IBC) as the ...

Speculative participants driven by profit Motives cannot be Permitted to Misuse IBC Provisions: SC Directs Center to Create Revival Fund for Stressed Real Estate Projects [Read Order]

The Supreme Court in a recent ruling held that speculative participants driven by profit motives cannot be permitted to misuse Insolvency Bankruptcy Code (IBC), 2016 provisions and directed the...

Petition u/s 7 of IBC cannot be barred merely because of pending consideration of OTS before Lenders: NCLAT [Read Order]

The National Company Law Appellate Tribunal (NCLAT) New Delhi bench has held that the mere fact that a corporate debtor's One Time Settlement (OTS) proposal is under consideration by other lenders...

EPFO Dues from Post-Liquidation Assessments Not Admissible: NCLAT [Read Order]

The National Company Law Appellate Tribunal (NCLAT), New Delhi has held that the EPFO dues from the post-liquidation assessment under section 7A of the EPF Act are not admissible. It was viewed ...

Limitation Period can be reset When Pleadings regarding Part Payments supported by Written Acknowledgment: NCLAT [Read Order]

The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that when there are specific pleadings under Section 9 of the IBC regarding part payments made by the Corporate...

EPFO’s claim based on Inspection During CIRP is Not enforceable: NCLAT [Read Order]

In a recent case, the New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that the claims of the EPFO based on inspection conducted subsequent to initiation of the...

NCLAT allows 45 days extension to complete CIRP as a Final Extension [Read Order]

The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) allowed a 45 days extension to complete the Corporate Insolvency Resolution Process (CIRP). The extension was to receive...