Eligibility /Ineligibility of Successful Resolution Applicant u/s 29A of IBC must be based on Date of Submission of Resolution Plan: NCLAT [Read Order]
The Delhi bench of National Company Law Appellate Tribunal ( NCLAT ) held that the eligibility/ineligibility of Successful Resolution Applicant...
Homebuyers having order or Decree from RERA are allottees, required to comply with 2nd Proviso to Section 7(1) of IBC: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) observed that the homebuyers having order or Decree from the Real Estate Regulatory Authority ( RERA ) are allottees and...
When debt and default is proved, Adjudicating Authority has to admit application unless it is Incomplete: NCLAT upholds Section 7 Application [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal(NCLAT) held that when debt and default is proved ,adjudicating authority (NCLT)has to admit the application unless it is incomplete...
Claim After 738 Days Of Delay and Post Approval of Resolution Plan: NCLAT Upholds Rejection of Claim by Kotak Mahindra Bank [Read Order]
The Principal Bench of the National Company Law Appellate Tribunal Principal ( NCLAT ) upheld the order of the National Company Law Tribunal( NCLT ) which rejected the claim of Kotak Mahindra Bank...
NCLAT cannot Direct NCLT to Admit Petition u/7 of IBC without Evaluating Rival Contentions on Merits: SC [Read Order]
In a recent decision the Supreme Court of India ruled that the National Company Law Appellate Tribunal (NCLAT) cannot direct the National Company Law Tribunal (NCLT) to admit petition under Section 7...
Amount given by Financial Creditor as Investment for Joint Venture to Corporate Debtor is not Financial Debt under IBC: NCLT
The Guwahati Bench of the National Company Law Tribunal ruled that the amount given by financial creditor as investment for joint venture to corporate debtor is not financial debt under the...
