No Appeal u/s 61 of IBC Maintainable after Dissolution of Corporate Debtor: NCLAT [Read Order]
In a recent ruling, the New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that an appeal under section 61 of the IBC...
Decree Holder falls under Definition of “Financial Creditor” under IBC: NCLAT allows Appeal [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) has ruled that if a decree is founded on a financial debt, the holder of the decree is considered a "Financial Creditor"...
IBBI extends Time for filing Forms to Monitor Liquidation and Voluntary Liquidation Processes under IBC [Read Circular]
The Insolvency and Bankruptcy Board of India ( IBBI ) extended the time for filing Forms to monitor liquidation and voluntary liquidation processes under the Insolvency and Bankruptcy Code, 2016, and...
Threshold Limit For Initiating Insolvency Process against Personal Guarantors is same as of Corporate Debtor u/s 4 of IBC: NCLT [Read Order]
The New Delhi bench of the National Company Law Tribunal ( NCLT) had held that the threshold limit for initiating insolvency process against the personal guarantors under section 95 of the insolvency...
No Petition u/s 9 Of IBC can be Rejected on Grounds of Raising Fake Claim of Pre-Existing Dispute: NCLAT [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) New Delhi bench has held that the Adjudicating Authority didn’t commit any error in holding that all requisite conditions necessary to trigger...
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...
