![When actions are already pending against same personal guarantor, a subsequent application u/s 95 IBC is barred: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/11/500x300_2042310-nclat-nclat-chennai-personal-guarantor-taxscan.webp "When actions are already pending against same personal guarantor, a subsequent application u/s 95 IBC is barred: NCLAT [Read Order]")
When actions are already pending against same personal guarantor, a subsequent application u/s 95 IBC is barred: NCLAT [Read Order]
The Chennai bench of the National Company Law Appellate Tribunal (NCLAT) has ruled that if one Financial Creditor has already filed an application...
![Failure to File Claim with Liquidator Renders Appeal Infructuous: CESTAT Reaffirms Finality of IBC Resolution Plan [Read Order]](https://images.taxscan.in/h-upload/2025/06/09/250x150_2041799-liquidator-renders-appeal-ibc-cestat-taxscan.webp "Failure to File Claim with Liquidator Renders Appeal Infructuous: CESTAT Reaffirms Finality of IBC Resolution Plan [Read Order]")
![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]")
![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]")
Operational Creditor cannot initiate Insolvency Proceedings When Complaints Regarding Defects Remain Unresolved: NCLT rules against Schneider Electric India Pvt. Ltd. [Read Order]
In a ruling against Schneider Electric India Pvt. Ltd., the National Company Law Tribunal (NCLT), New Delhi bench has held that an Operational Creditor cannot initiate insolvency proceedings against...
![Operational Creditor cannot initiate Insolvency Proceedings When Complaints Regarding Defects Remain Unresolved: NCLT rules against Schneider Electric India Pvt. Ltd. [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Schneider-Electric-India-Pvt.-Ltd-.jpg "Operational Creditor cannot initiate Insolvency Proceedings When Complaints Regarding Defects Remain Unresolved: NCLT rules against Schneider Electric India Pvt. Ltd. [Read Order]")
Supreme Court Quahses Enforcement of Arbitral Award For Claims Not Included in IBC Resolution Plan [Read Judgement]
The Supreme Court quashed an arbitral award passed by the Micro and Small Enterprises Facilitation Council (MSEFC) against Electrosteel Steels Ltd., holding that the award was non-executable in view...
![Supreme Court Quahses Enforcement of Arbitral Award For Claims Not Included in IBC Resolution Plan [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2025/04/Supreme-Court-Quahses-Enforcement-Arbitral-Award-Claims-Included-IBC-Resolution-Plan-TAXSCAN.jpg "Supreme Court Quahses Enforcement of Arbitral Award For Claims Not Included in IBC Resolution Plan [Read Judgement]")
Limitation Period under IBC Starts From Date of Judgment Pronounced in Open Court: Supreme Court [Read Judgement]
The Supreme Court held that the incident which triggers the running of the limitation period under the Insolvency and Bankruptcy Code (IBC) 2016 is the the date of pronouncement of the Order and in...
![Limitation Period under IBC Starts From Date of Judgment Pronounced in Open Court: Supreme Court [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2025/04/IBC-NCLAT.jpg "Limitation Period under IBC Starts From Date of Judgment Pronounced in Open Court: Supreme Court [Read Judgement]")
Threshold Limit For Initiating Insolvency Process Against Personal Guarantors Shall be same of Corporate Debtor: NCLT [Read Order]
The National Company Law Tribunal (NCLT) Chennai has held that the threshold limit for initiating the Personal Insolvency Resolution Process (PIRP) under Sections 94 or 95 of the Insolvency and...
![Threshold Limit For Initiating Insolvency Process Against Personal Guarantors Shall be same of Corporate Debtor: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/NCLT.jpg "Threshold Limit For Initiating Insolvency Process Against Personal Guarantors Shall be same of Corporate Debtor: NCLT [Read Order]")
Any Default Falling Within Section 10-A of IBC Must be Excluded from Total Outstanding Debt: NCLT [Read Order]
In a recent case, the Hyderabad bench of the National Company Law Tribunal ( NCLT ) while dismissing the petition under section 9 of Insolvency Bankruptcy Code ( IBC ), 2016, held that the...
![Any Default Falling Within Section 10-A of IBC Must be Excluded from Total Outstanding Debt: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Debt-NCLT-IBC-taxscan.jpg "Any Default Falling Within Section 10-A of IBC Must be Excluded from Total Outstanding Debt: NCLT [Read Order]")
Cheque Dishonouring Case become Invalid when cause of Action arose after Declaration of Moratorium under IBC Moratorium: Supreme Court [Read Judgement]
The Supreme Court ruled that proceedings under Section 138 of the Negotiable Instruments Act, 1881 (NI Act) against the former director of the company cannot proceed if the cause of action for the...
![Cheque Dishonouring Case become Invalid when cause of Action arose after Declaration of Moratorium under IBC Moratorium: Supreme Court [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2025/03/IBC-Supreme-Court-Cheque-Dishonouring-Case-taxscan.jpg "Cheque Dishonouring Case become Invalid when cause of Action arose after Declaration of Moratorium under IBC Moratorium: Supreme Court [Read Judgement]")
Existence of Financial Debt and Corresponding Default is a Sine Qua Non for Initiating Proceedings u/s 7 of IBC: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, upheld the adjudicating authority's ruling and dismissed a Section 7 petition under the Insolvency Bankruptcy Code...
![Existence of Financial Debt and Corresponding Default is a Sine Qua Non for Initiating Proceedings u/s 7 of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Existence-of-Financial-Debt-Corresponding-Proceedings-us-7-of-IBC-NCLAT-TAXSCAN.jpg "Existence of Financial Debt and Corresponding Default is a Sine Qua Non for Initiating Proceedings u/s 7 of IBC: NCLAT [Read Order]")