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NCLAT Rejects Financial Creditor Claim as No Valid Guarantee Was Executed or Invoked Under IBC [Read Order]

Saagarika Gopinath

The Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) held that the appellant failed to prove that a valid and binding corporate...

Petition u/s 9 of IBC cannot be Rejected merely on General Dispute raised based on Single Whatsapp...

CESTAT Quashes Provisional Release Order of Seized Goods based on Furnishing Bank Gurantee as...

Principles of res judicata applies on Appeal Cross examination of Bank witnesses which Already...

Typographical error in Application made for Defreezing Saving Account : DRAT allows to rectify...

Recurring Opportunity could not be granted to Rectify defect in Appeal Against NCLT Order: NCLAT [Read Order]

In a recent case, the NCLAT Chennai benchof the National Company Law Appellate Tribunal (NCLAT) held that there cannot be a recurring opportunity that could be granted to the appellant to rectify...

NCLAT Orders NCLT to Consider Former Gensol Director Harsh Singh's Argument Against Probe [Read Order]

The National Company Law Appellate Tribunal (NCLAT) has directed a case put forth by Harsh Singh, a former independent director of Gensol Engineering, to the National Company Law Tribunal (NCLT) for...

NCLAT Allows Appeal, Approves Resolution Plan for Appellant: Held NCLT Overstepped by Interfering in CoC’s Commercial Wisdom [Read Order]

The National Company Law Appellate Tribunal (NCLAT) in a recent case, has overturned the order of the National Company Law Tribunal (NCLT), Chandigarh Bench, which had rejected the resolution plan...

Withdrawal of Liquidation Application can be Accepted if CoC Permits RP to File Application for CIRP Time Extension: NCLAT [Read Order]

The National Company Law Appellate Tribunal (NCLAT) New Delhi has held that when the CoC has already taken decision to file an application for extension of CIRP time period then the withdrawal of...

Volvo can Import Internal Combustion Engines In Absence of Restriction in DFIA License: CESTAT [Read Order]

In a ruling in favour of Volvo India Pvt Ltd, the Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has allowed the appellant to import internal combustion engines in...

Commissioner Denies Cross-Examination Opportunity: CESTAT Quashes Excise Demand Order for Violation of S. 9D of CEA [Read Order]

The Kolkata Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) Quashed the order of the commissioner for denying cross-examination opportunity citing that it is in violation of...

Dept. Fails to Verify Document Veracity with Key Parties like Suppliers, Buyers, Transporters, Agents: CESTAT Rules Investigation Faulty [Read Order]

The Kolkata Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) ruled the investigation faulty due to the department failing to verify the veracity of documents with key parties like...