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Benami Attachment Orders Cannot Be Challenged Before NCLT Under IBC: Supreme Court [Read Judgement]

In a recent judgment, the Supreme Court held that attachment orders passed under the Prohibition of Benami Property Transactions Act, 1988 cannot be...

NCLAT Rejects Contempt Plea citing Two-Year Delay, Liquidation Proceedings Remain Ongoing [Read...

No Separate Application Needed for Condonation of Delay if Cause is Evident: NCLAT Rejects Appeal...

No Grounds to Interfere with Order Admitting S. 95 Application: NCLAT upholds Insolvency Proceedings...

Section 7 IBC Threshold of 100 or 10% Allottees Applies at Filing Stage: NCLAT allows Homebuyers’...

₹28.5 Lakh Fraudulent Trading Liability on Suspended Directors u/s 66 IBC Set Aside: NCLAT [Read Order]

In a recent ruling, the National Company Law Appellate Tribunal (NCLAT ), Delhi, set aside an order passed by the National Company Law Tribunal (NCLT), which held that they were liable for...

CIRP Application Time Barred By Limitation Cannot Be Revived By Issuing Demand Notice u/s 8 IBC: NCLAT [Read Order]

The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has held that a Corporate Insolvency Resolution Process (CIRP) application that is barred by limitation under ...

Section 94 Filing Without Guarantee Deed Shows Gross Misconduct: IBBI Cancels Registration of IP [Read Order]

The Insolvency and Bankruptcy Board of India’s (IBBI) Disciplinary Committee has cancelled the registration of an Insolvency Professional (IP) for gross professional misconduct in connection with...

Belated EPFO Claim Filed after 953 Days not Condonable: NCLAT Upholds Rejection by Liquidator [Read Order]

The Chennai Bench of National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed by the Regional Provident Fund Commissioner (RPFC) as an inordinate delay of 953 days in filing a...

S10A and S14 of IBC Do Not Bar Insolvency Proceedings against Personal Guarantors: NCLAT [Read Order]

In a recent decision, the National Company Law Appellate Tribunal (NCLAT) bench ruled that the moratorium under Section 14 and the suspension introduced by Section 10A do not bar the Corporate...

Restricting NCLT’s Contempt Powers Would Reduce IBC to a "Paper Tiger": Bombay HC Holds Contempt Plea Not Maintainable [Read Order]

The BombayHigh Court held a conempt plea not maintainable before it and said that restricting NCLT’s contempt powers would reduce IBC to a "Paper Tiger". The petitioner, S.G. Mittal...

Workers Not Entitled to Wages for Period Not Worked During CIRP: NCLAT upholds Layoff Notice, Approved Resolution Plan Binding on All Stakeholders [Read Order]

The Principal Bench of National Company Law Appellate Tribunal (NCLAT) at New Delhi, held that workers are entitled to wages during CIRP only if the corporate debtor is a going concern and they...

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