Guarantor cannot become Financial Creditor in absence of any Payment In Discharge of Guarantee: NCLAT Rules in favour of Central bank of India [Read Order]
In a ruling in favour of the Central Bank of India, the New Delhi bench of National Company Law Appellate Tribunal ( NCLAT) has held that a...
NCLAT upholds Resolution Plan approved for Adico Forge Pvt Ltd which Fully Secured Workers Claim [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) upheld the Resolution Plan approved for Adico Forge Pvt Ltd which fully secured workers claim. The Corporate Insolvency Resolution Process ( CIRP...
Petition u/s 7 of IBC Has to be Decide first When Both Arbitration & Insolvency Petitions are Pending: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) held that the petition under section 7 of Insolvency Bankruptcy Code ( IBC ),2016 has to be decided first when both...
S.10A of IBC cannot be considered Valid Defence on Establishment of Valid Default Date: NCLAT [Read Order]
The Principal bench of the National Company Law Appellate Tribunal ( NCLAT ), held that section 10 A of the Insolvency Bankruptcy Code ( IBC ) cannot be considered valid defence on establishment of...
Payment of Pre-CIRP Dues To Creditors Including Govt Dues Cannot Be Made By RP Outside Resolution Framework: NCLAT [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) has held that payment of pre- Corporate Insolvency Resolution Process ( CIRP ) dues to creditors including government dues...
Litigant who does not Apply for Certified Copy cannot Claim Benefit of Limitation Period: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal, Principal ( NCLAT ) has held that the litigant who does not apply for the certified copy cannot then fall back and claim that he...
CIRP cannot be Initiated Against Jaypee Healthcare Ltd After Full Settlement of Financial Creditors' Claims: NCLAT [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) has set aside the Corporate Insolvency Resolution Process ( CIRP ) initiated against Jaypee Healthcare Limited after the...
