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NCLAT Upholds E-Auction Process, Prioritizes sale of Corporate Debtor Over S.230 Scheme [Read Order]
The Chennai Bench of National Company Law Appellate Tribunal ( NCLAT ) upheld the e-auction process, prioritizing the sale of the Corporate Debtor (...
Timelines under Regulation 35A for Avoidance Applications are Directory, Not Mandatory: Delhi High Court Rules in TATA Steel BSL Case [Read Order]
The Delhi High Court recently ruled in a case that the timelines given under Regulation 35A of the ( Insolvency Resolution Process for Corporate Persons ) Regulations, 2016 ( IBBI ) for applying...
Insolvency Professional Entities are qualified to Appoint as Resolution Professionals: NCLT Holds in Favour of Piramal Capital [Read Order]
The National Company Law Tribunal( NCLT ) held that Insolvency Professional Entities ( IPEs ) are qualified to be appointed as Resolution Professionals ( RPs ) under the Insolvency and Bankruptcy...
Claims cannot be Automatically Treated as CIRP Costs unless directly related to CIRP and approved by CoC: NCLAT [Read Order]
In a recent case, the National Company Law Appellate Tribunal ( NCLAT ) observed that claims cannot be automatically treated as the Corporate Insolvency Resolution Process ( CIRP ) costs unless...
