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NCLT Sanctions Over Rs. 12.80 Crore Payout in Sterling Healthcare Resolution Plan [Read Order]

Yogitha S Yogesh

The National Company Law Tribunal (NCLT), Mumbai Bench, has approved a resolution plan for Sterling Healthcare Limited, sanctioning a total payout...

NCLT Upholds CoC Decision, dismisses Applications Challenging Unijules Resolution Plan [Read Order]

Tribunal Ignores MCA's Clarification and Breached Fair Process: NCLAT Sets Aside NCLT Order...

ITR Refund Adjustment to Old Tax Dues of Company in Resolution Process: Supreme Court to Hear SLP...

NCLAT Quashes NCLT Order Invalidating Resolution Plan, Rules Amrapali Fincap’s Objections u/s 29A...

Resolution Plan Below CoC’s Commercial Expectations: NCLT Approves Liquidation After Failed CIRP [Read Order]

The Hyderabad bench of the National Company Law Tribunal (NCLT), ordered the liquidation of SAPF Estates Private Limited after the Corporate Insolvency Resolution Process (CIRP) failed to secure a...

Excise Dues Extinguished Under Approved Resolution Plan: CESTAT Rejects Revenue’s Recovery Appeal Against Bhatia Coke Energy Limited [Read Order]

The Chennai Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that excise dues not included in an approved insolvency resolution plan stand extinguished and no recovery...

NCLT directs Liquidation u/s 33 of IBC in absence of Resolution Plan even after Extending Time Period [Read Order]

The Kolkata bench of the National Company Law Tribunal (NCLT) directed the liquidation under section 33 of Insolvency Bankruptcy Code (IBC), 2016 in absence of Resolution Plan even after extending...

NCLAT Rejects Impleadment Pleas in ₹1300 Crore CIRP Cost Dispute Post Resolution Plan Approval [Read Order]

The National Company Law Appellate Tribunal (NCLAT), Principal Bench in New Delhi, has dismissed a plea filed by the SREI Multiple Asset Investment Trust (SMAIT), which sought to be impleaded in an...

Proceedings Cannot be Initiated Against a Company if Resolution Plan Approved u/s 31 by AA: Kerala HC Quashes Order [Read Order]

The Kerala High Court has set aside a service tax show cause notice and subsequent Order-in-Original holding that proceedings cannot be initiated or continued against a company after a resolution...

Resolution Plan does not discriminate based on Type of creditors to give preference to secured creditors both having first charge or having residual charges: NCLAT [Read Order]

The New Delhi bench of the National Company Law Appellate Tribunal( NCLAT) has held that the resolution plan does not discriminate based onType of creditors to give preference to secured creditors...

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...