Assets of Subsidiary Company not to be Included in Insolvency Resolution Plan of Holding Company: Supreme Court [Read Judgement]
The Supreme Court has ruled that a holding company does not own its subsidiary's assets, and therefore, these assets cannot be included in the...
![Exclusion of stay period of CIRP Petition does not amount to Postponement of Insolvency Commencement date under IBC: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/CIRP-NCLT-National-Company-Law-Tribunal-NCLT-Mumbai-Corporate-Insolvency-Resolution-Process-Insolvency-and-Bankruptcy-Code-taxscan.jpg "Exclusion of stay period of CIRP Petition does not amount to Postponement of Insolvency Commencement date under IBC: NCLT [Read Order]")
![Notice issued by SBI to CD Recalling Loan Facility Not Amounts to Demand on Corporate Guarantor: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/SBI-SBI-to-form-Committee-to-Tackle-Co-Lending-Issues-Finance-Ministry-directs-SBI-Finance-Ministry-SBI-news-Taxscan.jpg "Notice issued by SBI to CD Recalling Loan Facility Not Amounts to Demand on Corporate Guarantor: NCLT [Read Order]")
Speculative Investor cannot claim status & benefits as a Financial Creditor u/s 5(8)(f) of Insolvency Bankruptcy Code: NCLT
The Chandigarh bench of the National Company Law Tribunal while adjudicating has held that a speculative investor cannot claim the status and benefits as a Financial Creditor by being an allottee...
Application u/s 9 of Insolvency and Bankruptcy Code not Maintainable in absence of Strict Proof of Debt and Default: NCLT [Read Order]
The Mumbai Bench of the National Company Law Tribunal ( NCLT ) has held that the application under Section 9 of the Insolvency and Bankruptcy Code, 2016 ( IBC, 2016 ) for initiating a Corporate...
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...
Application for Insolvency Proceedings against Corporate Debtor for Financial Debt and Default: NCLT admits Application [Read Order]
In a recent case, the National Company Law Tribunal ( NCLT ) admitted the has application for insolvency proceedings against a corporate debtor for financial debt and default. The Tribunal initiated...
![IBBI to Simplify CIRP Forms by Insolvency Professionals, releases Discussion Paper [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/IBBI-Insolvency-bankruptcy-CIRP-IPs-Insolvency-professionals-corporate-news-TAXSCAN-2.jpg "IBBI to Simplify CIRP Forms by Insolvency Professionals, releases Discussion Paper [Read Order]")
Adjudicating Authority can Proceed for Exparte as per Rule 49 of NCLT Rules when CD not Appear: NCLAT [Read Order]
The National Company Law Appellate Tribunal ('NCLAT') in a recent case,held that Rule 49 of National Company Law Tribunal ( NCLT ) Rules, 2016 gives ample jurisdiction to the Adjudicating Authority...
