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NCLAT Rejects Impleadment Pleas in ₹1300 Crore CIRP Cost Dispute Post Resolution Plan Approval [Read Order]

Eeva Mary Sanil

The National Company Law Appellate Tribunal (NCLAT), Principal Bench in New Delhi, has dismissed a plea filed by the SREI Multiple Asset Investment...

NCLT Admits Insolvency Plea Over ₹98 Crore Debt Arising from Inter-Corporate Loan Default [Read...

Is IBC Effective Enough or Is It Time for IBC 2.0? A Detailed Analysis

NCLAT Dismisses Appeal by Suspended Company Director: Upholds Insolvency Against the Company [Read...

Case Digest MCA Rulings

Complete Case Digest on NCLT Rulings under the IBC - Part 2

The Insolvency and Bankruptcy Code, 2016 (IBC) was enacted to streamline corporate insolvency resolution, liquidation, and debt restructuring, while ensuring a time-bound process that adequately...

Case Digest - NCLT - IBC - Bankruptcy Code - NCLAT - Corporate Debtor - CIRP - National Company Law Tribunal - National Company Law Appellate Tribunal - Corporate Insolvency - Resolution Process - Taxscan

No Right to Bankrupt Individual in Seeking Discharge u/s 138(1) of IBC: NCLT [Read Order]

According to the National Company Law Tribunal (NCLT), only the Bankruptcy Trustee may petition the Adjudicating Authority for the discharge of a bankrupt person under Section 138(1) of the...

All Liabilities of Corporate Debtor stand Extinguished after Approval of Resolution Plan: NCLT [Read Order]

The National Company Law Tribunal (NCLT) of Bengaluru bench has held that all claims including subject matter of ongoing arbitration proceedings will stand extinguished after the approval of the...

All liabilities of corporate debtor - All liabilities of corporate - NCLT - Resolution Plan - liabilities - corporate debtor - Vikas Telecom Private Limited - Synergy Property - Insolvency Bankruptcy Code - IBC - Taxscan

Application u/s 7 IBC Cannot Be Initiated Against a Struck-off Company: NCLT [Read Order]

The New Delhi Bench of the National Company Law Tribunal (NCLT) ruled that an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) cannot be initiated against a struck-off...

National Company Law Tribunal - NCLT - Insolvency - TAXSCAN

IBBI Replaces Form G: Notifies IBBI (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2023 [Read Notification]

The Insolvency and Bankruptcy Board of India (IBBI) vide notification No. IBBI/2023-24/GN/REG106 has notified Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate...

IBBI Replaces Form G - Notifies IBBI - Regulations - TAXSCAN

BHEL offers Settlement with GE Power: NCLT allows to Withdraw Insolvency petition [Read Order]

The National Company Law Tribunal allowed GE Power to withdraw its insolvency petition against public sector undertaking, Bharat Heavy Electricals Ltd (BHEL) with the liberty to revive if the...

BHEL - Settlement with GE Power - GE Power - NCLT - Insolvency petition - taxscan

IBBI suspends Insolvency Professional for Non-cooperation with Inspecting Authority

Insolvency and Bankruptcy Board of India ( IBBI ) suspended Insolvency Professional for non-cooperation with inspecting authorities. In the matter of Mr Ranjeet Kumar Verma, Insolvency...