NCLT can set aside Fraudulent Initiation of CIRP when Hearing Appeal u/s 61: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) has held that fraudulent initiation of the CIRP can be set aside by the...
Application u/s 9 of IBC must be Rejected on Establishment of Plausibility of Pre-Existing Dispute: NCLAT [Read Order]
In a recent case, the National Company Law Appellate Tribunal ( NCLAT ) held that once the plausibility of a pre-existing dispute is noticed, it is not required of the Adjudicating Authority to make...
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]")
![Resolution Professional Becomes Functus Officio After Approval of Plan under IBC: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Resolution-Professional-Functus-Officio-IBC-NCLT-taxscan.jpg "Resolution Professional Becomes Functus Officio After Approval of Plan under IBC: NCLT [Read Order]")
Recall Notice issued during Cut-Off Period Specified u/s 10A doesn't Defer Date of Default If Default Occurred before Cut-Off Period: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT), New Delhi has held that recall notice issued during cut-off period specified under section 10A of the Insolvency Bankruptcy Code (IBC), 2016...
Settlement Proposal u/s 12A of IBC cannot be considered by CoC after Approval of Resolution Plan: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT) ruled that a settlement proposal under Section 12A of the Insolvency Bankruptcy Code ( IBC ), 2016Â cannot be put before...
Petition u/s 7 of IBC has to be admitted when Debt And Default are Satisfied: NCLAT allows appeal of Canara Bank [Read Order]
In a ruling in favour of Canara Bank, the New Delhi bench of National Company Law Appellate Tribunal ( NCLAT ) held that a petition under section 7 of the Insolvency Bankruptcy Code ( IBC ), 2016 has...
