![CIRP Application Time Barred By Limitation Cannot Be Revived By Issuing Demand Notice u/s 8 IBC: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/03/500x300_2123552-cirp-application-time-barred-limitation-cannot-revived-taxscan.webp "CIRP Application Time Barred By Limitation Cannot Be Revived By Issuing Demand Notice u/s 8 IBC: NCLAT [Read Order]")
CIRP Application Time Barred By Limitation Cannot Be Revived By Issuing Demand Notice u/s 8 IBC: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has held that a Corporate Insolvency Resolution Process (CIRP)...
CIRP Can be Initiated against Corporate Debtor even on Principal-Agent Relationship between CD and Client: NCLT
The Mumbai Bench of the National Company Law Tribunal ( NCLT ) held that the Corporate Insolvency Resolution Process ( CIRP ) can be initiated against corporate debtor ( CD ) even on principal-agent...
Non-Acceptance of Goods by Corporate Debtor does not equate to Operational Debt u/s 5(21) of IBC: NCLT [Read Order]
The National Company Law Tribunal ( NCLT ) has held that the non-acceptance of the goods by the Corporate Debtor cannot be equated with default in respect of an operational debt. Section 5 (21) of...
7 days Time Limit for removing defects in Application for Initiation of Corporate Insolvency Resolution Process is not Mandatory: SC [Read Judgment]
In a recent Judgment, the Supreme Court of India held that, provision of removing the defects within seven days is directory and not mandatory in nature. The two judge bench comprising of Justice A.K...
