Transaction Audit Report is Sufficient to File Application for Avoidance of Preferential Transactions u/s 43 of IBC: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) held that Transaction Audit Report is sufficient to file an application...
NCLT cannot Decide on Legality of Closure of Factory under Industrial Dispute Act: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT )Â has held that the National Company Law Tribunal ( NCLT ) adjudicating authority is not the right forum to decide whether...
Ex-Management of Corporate Debtor cannot file Proposal u/s 12A of IBC while considering Resolution Plan: NCLT [Read Order]
The New Delhi bench of the National Company Law Tribunal (NCLT) held that settlement proposal under section 12A of the Insolvency and Bankruptcy Code (IBC) cannot be considered after the approval of...
![Ex-Management of Corporate Debtor cannot file Proposal u/s 12A of IBC while considering Resolution Plan: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Ex-Management-Corporate-Debtor-IBC-Resolution-Plan-NCLT-taxscan.jpg "Ex-Management of Corporate Debtor cannot file Proposal u/s 12A of IBC while considering Resolution Plan: NCLT [Read Order]")
Petition u/s 9 of IBC In Absence of Pre-Existing Dispute can be Admitted on Proven Debt & Default: NCLAT [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal ( NLCAT ) held that once it is established that the corporate debtor has defaulted in the payment of operational debt, the application...
CoC can Liquidate Corporate Debtor In Absence of Approved Resolution Plan Before Adjudicating Authority Within Statutory CIRP Period: NCLAT [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) held that as per section 33 of the Insolvency and Bankruptcy Code, 2016 ( IBC ) empowers the Committee of Creditors ( CoC ) to decide to...
Payment of Pre-CIRP Dues To Creditors Including Govt Dues Cannot Be Made By RP Outside Resolution Framework: NCLAT [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) has held that payment of pre- Corporate Insolvency Resolution Process ( CIRP ) dues to creditors including government dues...
SC reiterates Legal Framework for Withdrawal and Settlement of Claims in CIRP while adjudging Byju’s matters [Read Judgement]
The Supreme Court of India while jointly adjudicating two matters against besieged Ed-Tech mammoth Byju’s, emphasized the need to follow the legal framework laid down by statutory provisions for the...
