NCLAT allows Resolution Applicant whose Plan once Rejected by CoC to Participate in Freshly Issued Invitation for Expression of Interest [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that a fresh plan can be submitted by the same resolution applicant...
Non Fund-Based Facilities Cannot be Refused by Lenders on Availability of Disbursement Clause in Resolution Plan: NCLAT Dismisses SBI’s Appeal [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) while dismissing the State Bank of India’s appeal, has held that Non Fund Based facilities cannot be refused to be...
Secured Creditor Is Liable To Pay Liquidator's Fees Under Rule 21A Of IBC Liquidation Regulations: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that the fee of the liquidator has to be paid within 90 days from the liquidation commencement date as provided...
Money Raised out of Optional Convertible Debentures Classifiable as Financial Debt u/s 5(8): NCLAT Dismisses Appeal of IREDA [Read Order]
While dismissing the appeal of Indian Renewable Energy Development Agency Limited(IREDA), the New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that raising money by...
Adverse remarks cannot be passed by Adjudicating Authority against RP for performing his duties Accordance to CoC: NCLAT [Read Order]
In a recent case, the New Delhi bench of National Company Law Appellate Tribunal ( NCLAT ) has held that adverse remarks cannot be passed by the Adjudicating Authority against the RP for performing...
Written Agreement Not Mandatory To Prove Financial Debt When Other Materials On Record are Available: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has ruled that it is not necessary for financial debt to be proved by a written agreement if it can be established from...
Application u/s 9 Of IBC Cannot Be Admitted For Invoices Covered By Prohibited Period under IBC: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) has held that application under section 9 of the Insolvency and Bankruptcy code ( IBC ), 2016 cannot be admitted for the...
Liquidator can Recover Amount belongs to Corporate Debtor through Application u/s 60(5)(c) of IBC: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) held that liquidators can recover the amount of the corporate debtor by filing an application under section 60(5)(c) of...
