![An allottee who has lost trust in Management is entitled to seek resolution through CIRP : NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/NCLAT-Secretary-MCA-NCLAT-directs-Secretary-MCA-to-Conduct-an-Inquiry-on-Matter-of-Parties-taxscan.jpg "An allottee who has lost trust in Management is entitled to seek resolution through CIRP : NCLAT [Read Order]")
An allottee who has lost trust in Management is entitled to seek resolution through CIRP : NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) have upheld the admission of the application under Section 7 of the Insolvency and Bankruptcy...
![CIRP Cannot be Shield to Corporate Applicant to avoid Legally Recoverable Government Obligations: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/Application-us-7-of-IBC-Acceptable-as-Exist-of-Financial-Debt-and-Default-NCLT-TAXSCAN.jpg "CIRP Cannot be Shield to Corporate Applicant to avoid Legally Recoverable Government Obligations: NCLT [Read Order]")
![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]")
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]")
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]")
Clean Slate Doctrine Under IBC Prevents Income Tax Dept from Reopening Assessments Excluded from Approved RP: Delhi HC [Read Order]
In a recent ruling, the Delhi High Court held that the Income Tax Department cannot raise claims that were not part of an approved resolution plan under the Insolvency and Bankruptcy Code (IBC),...
![Clean Slate Doctrine Under IBC Prevents Income Tax Dept from Reopening Assessments Excluded from Approved RP: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Clean-Slate-Doctrine-Under-IBC-IBC-Income-Tax-Depatment-Income-Tax-taxscan.jpg "Clean Slate Doctrine Under IBC Prevents Income Tax Dept from Reopening Assessments Excluded from Approved RP: Delhi HC [Read Order]")
FEMA Proceedings Cannot be Continued During Moratorium u/s 33(5) of IBC: Calcutta HC [Read Order]
The Calcutta High Court has held that in light of the bar under Section 33(5) of the Insolvency and Bankruptcy Code, 2016 (Code), all proceedings, including those that were ongoing at the time of the...
![FEMA Proceedings Cannot be Continued During Moratorium u/s 33(5) of IBC: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/FEMA-Foreign-Exchange-Management-Act-Foreign-Currency-Fifth-Amendment-Regulations-TAXSCAN.jpg "FEMA Proceedings Cannot be Continued During Moratorium u/s 33(5) of IBC: Calcutta HC [Read Order]")
NCLT Cannot Suo Moto Amend Date of Default in Insolvency Application Unless Amendment Application is Filed: NCLAT [Read Order]
The Adjudicating Authority cannot suo moto change the date of default specified in the insolvency application unless an amendment application is filed, according to the National Company Law Appellate...
![NCLT Cannot Suo Moto Amend Date of Default in Insolvency Application Unless Amendment Application is Filed: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/NCLAT-Insolvency-Application-Default-in-Insolvency-Application-taxscan.jpg "NCLT Cannot Suo Moto Amend Date of Default in Insolvency Application Unless Amendment Application is Filed: NCLAT [Read Order]")
Breach of Settlement Agreement Does Not Bar Financial Creditors from Filing Application u/s 7 of IBC: NCLAT [Read Order]
The bench of the National Company Law Appellate Tribunal (NCLAT) in New Delhi has ruled that financial creditors who have signed a settlement agreement with the corporate debtor that was later broken...
![Breach of Settlement Agreement Does Not Bar Financial Creditors from Filing Application u/s 7 of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Settlement-Agreement.jpg "Breach of Settlement Agreement Does Not Bar Financial Creditors from Filing Application u/s 7 of IBC: NCLAT [Read Order]")