Resolution Professional cannot Entertain any Claims Arising After Commencement of CIRP: NCLAT [Read Order]
In a recent judgement of the New Delhi National Company Law Appellate Tribunal ( NCLAT ), has held that Resolution Professional cannot entertain any...
![No Legal Proceedings could be Institute by CGST Dept on Property of Corporate Debtor Once Liquidated By NCLT: Himachal Pradesh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Himachal-Pradesh-High-Court-NCLT-National-Company-Law-Tribunal-CGST-Dept-Property-of-Corporate-Debtor-taxscan.jpg "No Legal Proceedings could be Institute by CGST Dept on Property of Corporate Debtor Once Liquidated By NCLT: Himachal Pradesh HC [Read Order]")
Financial Creditors who are Allottees under RERA Required to meet Threshold Criteria For Filing a Section 7 application under IBC: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal (“ NCLAT ”) held that Financial Creditors who are Allottees under the Real Estate (Regulation and Development) Act, 2016 (“RERA”)...
![Financial Creditors who are Allottees under RERA Required to meet Threshold Criteria For Filing a Section 7 application under IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Application-us-7-of-IBC-Acceptable-as-Exist-of-Financial-Debt-and-Default-NCLT-TAXSCAN.jpg "Financial Creditors who are Allottees under RERA Required to meet Threshold Criteria For Filing a Section 7 application under IBC: NCLAT [Read Order]")
Liability of Corporate Guarantor Does Not Absolve Only Due to Non-Invocation of Guarantee: NCLAT [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) held that a Corporate Guarantor cannot be absolved from its liability only due to non-invocation of guarantee. Iskon Infra...
![Liability of Corporate Guarantor Does Not Absolve Only Due to Non-Invocation of Guarantee: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/NCLAT-NCLAT-Delhi-National-Company-Company-Law-Appellate-Tribunal-Corporate-Guarantor-TAXSCAN.jpg "Liability of Corporate Guarantor Does Not Absolve Only Due to Non-Invocation of Guarantee: NCLAT [Read Order]")
Claims cannot be Automatically Treated as CIRP Costs unless directly related to CIRP and approved by CoC: NCLAT [Read Order]
In a recent case, the National Company Law Appellate Tribunal ( NCLAT ) observed that claims cannot be automatically treated as the Corporate Insolvency Resolution Process ( CIRP ) costs unless...
CoC under IBC can Liquidate Corporate Debtor any Time after its Constitution or Before Resolution Plan is Confirmed: NCLT [Read Order]
The Delhi bench of the National Company Law Tribunal has held that the Committee of Creditors ( CoC ) under the Insolvency and Bankruptcy Code, 2016 ( IBC ) can decide to liquidate the Corporate...
Adjudicating Authority Must Exercise Revisional Jurisdiction to Assess Correctness of COC's Actions: Madras HC [Read Order]
In a recent case, the Madras High Court held that though the Adjudicating Authority may not substitute the commercial wisdom of the Committee of Creditors ( CoC ), however, it must exercise...
Electricity dues for Periods Prior to Takeover cannot be Recovered from Present Owner under IBC: Meghalaya HC [Read Order]
The Meghalaya High Court ruled that a company acquired through the Insolvency and Bankruptcy Code (IBC) process is not liable for electricity dues incurred before the takeover. Reliance Infratel,...
