NCLT have Jurisdiction to send back Resolution Plan for Modification: NCLAT allows to Prepare Addendum to Incorporate Necessary Modification
The New Delhi bench of the National Company Law Appellate Tribunal( NCLAT ) held that National Company Law Tribunal (NCLT) have Jurisdiction to send...
![Insolvency Proceedings on Personal Guarantor of Corporate Debtor can be initiated when no CIRP is pending before NCLT: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Insolvency-Proceedings-Personal-Guarantor-of-Corporate-Debtor-CIRP-Corporate-Debtor-NCLT-NCLAT-taxscan.jpg "Insolvency Proceedings on Personal Guarantor of Corporate Debtor can be initiated when no CIRP is pending before NCLT: NCLAT [Read Order]")
![Reliance Commercial Finance Ltd may revive IRP application if debt is not repaid by Corporate Debtor in 45 Days: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Reliance-Commercial-Finance-Ltd-IRP-Corporate-Debtor-NCLAT-taxscan.jpg "Reliance Commercial Finance Ltd may revive IRP application if debt is not repaid by Corporate Debtor in 45 Days: NCLAT [Read Order]")
![Principal Borrower need not be Corporate Person for Insolvency Process to be initiated against Corporate Guarantor: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Principal-borrower-corporate-person-insolvency-process-Corporate-Guarantor-Supreme-Court-taxscan.jpeg "Principal Borrower need not be Corporate Person for Insolvency Process to be initiated against Corporate Guarantor: Supreme Court [Read Judgment]")
Creditor not to become 'Financial Creditor', if a Corporate Debtor offered Security by pledging Shares, without discharging borrower's liability: Supreme Court [Judgment]
The Supreme Court held that a creditor will not become a 'financial creditor' under the Insolvency and Bankruptcy Code, if a corporate debtor offered security by pledging shares, without discharging...
![Creditor not to become Financial Creditor, if a Corporate Debtor offered Security by pledging Shares, without discharging borrowers liability: Supreme Court [Judgment]](https://www.taxscan.in/wp-content/uploads/2021/02/Creditor-Financial-Creditor-Corporate-Debtor-Shares-borrowers-liability-Supreme-Court-Taxscan.jpg "Creditor not to become Financial Creditor, if a Corporate Debtor offered Security by pledging Shares, without discharging borrowers liability: Supreme Court [Judgment]")
IBBI notifies Insolvency Resolution Process for Corporate Persons (Fifth Amendment) Regulations, 2020 [Read Notification]
The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2020...
![IBBI notifies Insolvency Resolution Process for Corporate Persons (Fifth Amendment) Regulations, 2020 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/11/IBBI-Insolvency-Resolution-Process-Insolvency-Professional-Corporate-Persons-Fifth-Amendment-Regulations-Taxscan.jpg "IBBI notifies Insolvency Resolution Process for Corporate Persons (Fifth Amendment) Regulations, 2020 [Read Notification]")
![NCLAT directs SBI to substitute IRP who was an Ex-employee of Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/05/SBI-NCLAT-IRP-Taxscan.jpg "NCLAT directs SBI to substitute IRP who was an Ex-employee of Bank [Read Order]")
Limitation period will not be extended in SARFAESI & DRT Proceedings on part payment under IBC: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) affirmed that the limitation period will not be extended in The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities...
![Limitation period will not be extended in SARFAESI & DRT Proceedings on part payment under IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/12/NCLAT-Taxscan.jpg "Limitation period will not be extended in SARFAESI & DRT Proceedings on part payment under IBC: NCLAT [Read Order]")