![NCLAT Dismisses Appeal by Former Promoter: Upholds Insolvency Admission by NCLT [Read Order]](https://images.taxscan.in/h-upload/2025/06/21/500x300_2051809-nclat-nclat-dismisses-appeal-nclat-dismisses-appeal-by-former-promoter-taxscan.webp "NCLAT Dismisses Appeal by Former Promoter: Upholds Insolvency Admission by NCLT [Read Order]")
NCLAT Dismisses Appeal by Former Promoter: Upholds Insolvency Admission by NCLT [Read Order]
The Principal Bench of the National Company Law Appellate Tribunal (NCLAT), has rejected an appeal filed by Aditya Bhatnagar, former promoter and...
![NCLAT Modifies NCLT Order Forwarding Case to SFIO: Holds Directions Beyond Jurisdiction [Read Order]](https://images.taxscan.in/h-upload/2025/06/16/250x150_2045166-nclat-nclat-modifies-nclt-order-taxscan.webp "NCLAT Modifies NCLT Order Forwarding Case to SFIO: Holds Directions Beyond Jurisdiction [Read Order]")
![CIRP Cannot be Continued When Entire Debt Amount has Been Re-Paid: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/11/250x150_2042296-nclat-nclat-new-delhi-debt-taxscan.webp "CIRP Cannot be Continued When Entire Debt Amount has Been Re-Paid: NCLAT [Read Order]")
![Suspended management is unable to release corporate debtor funds after Comencement of CIRP without IRP authorization: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/09/250x150_2041750-nclat-corporate-debtor-nclat-new-delhi-taxscan.webp "Suspended management is unable to release corporate debtor funds after Comencement of CIRP without IRP authorization: NCLAT [Read Order]")
Payment Made on Specific Invoice not adjustable Against Back-Dated Invoices: NCLT rejects petition filed u/s 9 of IBC [Read Order]
While rejecting a petition filed under section 9 of the Insolvency & Bankruptcy Code, 2016 (the code), the New Delhi bench of the National Company Law Tribunal (NCLT) held that when a payment...
![Payment Made on Specific Invoice not adjustable Against Back-Dated Invoices: NCLT rejects petition filed u/s 9 of IBC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Corporate-debto-r-taxscan.jpg "Payment Made on Specific Invoice not adjustable Against Back-Dated Invoices: NCLT rejects petition filed u/s 9 of IBC [Read Order]")
Supreme Court Upholds Demand Notice u/s 8 IBC on Corporate Debtor's Key Managerial Personnel [Read Judgement]
The Supreme Court upheld the delivery of a demand notice under Section 8 of the Insolvency and Bankruptcy Code, 2016 (“IBC”) to the corporate debtor's Key Managerial Personnel (KMP), stating that the...
![Supreme Court Upholds Demand Notice u/s 8 IBC on Corporate Debtors Key Managerial Personnel [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2025/05/Supreme-Court-Supreme-Court-Upholds-Demand-Notice-Section-8-IBC-TAXSCAN.jpg "Supreme Court Upholds Demand Notice u/s 8 IBC on Corporate Debtors Key Managerial Personnel [Read Judgement]")
IBC Strengthened with 6 Amendments, 122 Reforms: Over 8,000 CIRPs Initiated, ₹3.58 Lakh Crore Realized, Says MoS Harsh Malhotra
The Insolvency and Bankruptcy Code, 2016 (IBC) has strengthened with 6 amendments and 122 reforms, says Mr. Harsh Malhotra, the Minister of State in the Ministry of Corporate Affairs and Minister of...
![Application u/s 95 of IBC can be Filed by Beneficiaries of Personal Guarantee: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Personal-Guarantee.jpg "Application u/s 95 of IBC can be Filed by Beneficiaries of Personal Guarantee: NCLAT [Read Order]")
Gratuity Dues of Workers not Part of 'Liquidation Estate' of Corporate Debtor: Calcutta HC [Read Order]
The Calcutta High Court ruled that gratuity obligations are not included in the corporate debtor's liquidation estate as defined under the Insolvency and Bankruptcy Code, 2016 (IBC), and are instead...
Relief under IBC 60(5) on Liquidator Rejection of Claims Unavailable when Remedy under IBC 42 is not Used: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has held that relief under section 60(5) of the Insolvency and Bankruptcy Code, 2016 (Code) cannot be claimed against rejection of claims by the...
![Relief under IBC 60(5) on Liquidator Rejection of Claims Unavailable when Remedy under IBC 42 is not Used: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/NCLAT-Insolvency-and-Bankruptcy-Code-IBC-Section-605-of-IBC-TAXSCAN.jpg "Relief under IBC 60(5) on Liquidator Rejection of Claims Unavailable when Remedy under IBC 42 is not Used: NCLAT [Read Order]")
Non-Registration of “Charge” u/s 77 of Companies Act does not remove “Secured Creditor” Under IBC during CIRP: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT), New Delhi held that a creditor may be considered a "Secured Creditor" under section 3(30) of the Insolvency and Bankruptcy Code, 2016 (IBC) by...
![Non-Registration of “Charge” u/s 77 of Companies Act does not remove “Secured Creditor” Under IBC during CIRP: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/WhatsApp-Image-2025-02-20-at-10.40.51-AM.jpeg "Non-Registration of “Charge” u/s 77 of Companies Act does not remove “Secured Creditor” Under IBC during CIRP: NCLAT [Read Order]")