![Suspended management is unable to release corporate debtor funds after Comencement of CIRP without IRP authorization: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/09/500x300_2041750-nclat-corporate-debtor-nclat-new-delhi-taxscan.webp "Suspended management is unable to release corporate debtor funds after Comencement of CIRP without IRP authorization: NCLAT [Read Order]")
Suspended management is unable to release corporate debtor funds after Comencement of CIRP without IRP authorization: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) held that the suspended management of the Corporate Debtor is also...
![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]")
Insolvency Professional Entities are qualified to Appoint as Resolution Professionals: NCLT Holds in Favour of Piramal Capital [Read Order]
The National Company Law Tribunal( NCLT ) held that Insolvency Professional Entities ( IPEs ) are qualified to be appointed as Resolution Professionals ( RPs ) under the Insolvency and Bankruptcy...
CIRP against Himalayan Mineral Waters for Rs 50 Crore default: NCLT directs to initiate Insolvency Proceedings [Read Order]
In a significant case, the National Company Law Tribunal ( NCLT ) directed to initiate insolvency proceedings against Himalayan Mineral Waters. The Jammu and Kashmir Bank pleaded for the Corporate...
IBC Provision not Mandates Treatment of Related Party at Par with unrelated Party: NCLAT upholds NCLT Order [Read Order]
The National Company Law Appellate Tribunal, Principal Bench while upholding the National Company Law Tribunal ( NCLT ) has held that the Insolvency Bankruptcy Code ( IBC ), 2016 does not provide...
Amount on Fabrication and Erection work claimed by Sub Contractor Failed to meet CIRP Cost Definition: NCLAT Sets aside NCLT Order
The Principal Bench of the National Company Law Appellate Tribunal ( NCLAT ) set aside the National Company Law Tribunal ( NCLT ) as the amount of fabrication and erection work claimed by...
No Legal Proceedings during Resolution Process against CD, Only IRP can file Appeal with Creditor Committee Approval: ITAT dismisses Appeal [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) dismissed the appeal, affirming that no legal proceedings can be initiated during the resolution process against the Corporate Debtor...
![No Legal Proceedings during Resolution Process against CD, Only IRP can file Appeal with Creditor Committee Approval: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/No-Legal-Proceedings-Legal-Proceedings-Resolution-Process-CD-IRP-ITAT-taxscan.jpg "No Legal Proceedings during Resolution Process against CD, Only IRP can file Appeal with Creditor Committee Approval: ITAT dismisses Appeal [Read Order]")
