Liquidator can Recover Amount belongs to Corporate Debtor through Application u/s 60(5)(c) of IBC: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) held that liquidators can recover the amount of the corporate debtor by...
NCLAT allows Impleadment of Party after Closure of Initial CIRP Plea against Corporate Debtor [Read Order]
The Chennai bench of the National Company Law Appellate Tribunal ( NCLAT ),allowed the impleadment application filed by an Operational Creditor, on the ground that its application to initiate CIRP...
No Petition u/s 9 Of IBC can be Rejected on Grounds of Raising Fake Claim of Pre-Existing Dispute: NCLAT [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) New Delhi bench has held that the Adjudicating Authority didn’t commit any error in holding that all requisite conditions necessary to trigger...
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...
