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NCLAT sets aside Dismissal of S. 95 IBC Pleas Filed by Canara Bank against Personal Guarantors[Read Order]

The National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi, has set aside an order dismissing applications filed by Canara Bank...

Guarantors Misused Moratorium to Stall SARFAESI Recovery: NCLAT Upholds Dismissal of Repeat S. 94...

Delay in Filing of Repayment Plan Not Grounds For Bankruptcy: NCLAT [Read Order]

TLPL’s Insolvency No Bar To Akash’s Share Capital Increase: NCLAT Affirms Corporate Separateness...

Land Claim Linked to Company in Liquidation Rejected for Want of Originals: Delhi HC Grants Two...

NCLT Has Exclusive Jurisdiction Over Debt and Fraud, No Need for Civil Court once IBC is Invoked: Delhi HC [Read Judgment]

In a recent ruling, the Delhi High Court held that once insolvency proceedings are initiated under the Insolvency and Bankruptcy Code, 2016, the National Company Law Tribunal has exclusive...

Parallel Proceedings under Income Tax not Permissible when NCLT approves Resolution Plan: ITAT [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Delhi, held that once a Resolution Plan is approved by the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy...

NCLT Holds CGST Superintendent Guilty of Contempt on Account of Non‑Compliance with Refund Directions During Moratorium [Read Order]

The National Company Law Tribunal (NCLT), Indore Bench, has held that a Central Goods andServices Tax (CGST) Superintendent was guilty of contempt as he did not comply with the refund directions...

Delay Beyond 30‑Day Limit Not Justified by Counsel’s Inaction: NCLT Dismisses Restoration Application [Read Order]

The National Company Law Tribunal (NCLT), Kolkata Bench, dismissed a restoration application filed by the applicant, holding that a delay beyond 30 days cannot be justified as counsel’s inaction. ...

CIRP not a Ground to seek Documents from CBI during Investigation: Delhi HC dismisses accused’s Plea u/s 91 CrPC [Read Order]

The Delhi High Court has ruled that pendency of corporate insolvency resolution process (CIRP) proceedings under the Insolvency and Bankruptcy Code (IBC) cannot be invoked by an investigated person...

Unregistered ‘Agreement to Sell’ Does Not Bar Asset Transfer in CIRP: NCLAT [Read Order]

The principal bench of the National Company Law Appellate Tribunal (NCLAT), New Delhi, has held that an unregistered Agreement to Sell (A2S) does not prevent recognition of asset transfer in the ...

Contractual Cure Periods Do Not Shift the Date of Default for Section 10A Purposes: NCLAT [Read Order]

The National Company Law Appellate Tribunal (NCLAT) Principal Bench at New Delhi, has upheld the admission of a Section 7 application under the Insolvency and Bankruptcy Code, 2016, holding that a ...