Petition u/s 9 of IBC Cannot Be Admitted on Establishment of Pre-Existing Dispute With Regard To Operational Debt: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) held that the petition under Section 9 of the Insolvency Bankruptcy Code...
![Pendency of One Time Settlement Proposal is not A Ground to Reject Application u/s 95: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/NCLAT-NCLAT-Delhi-National-Company-Law-Appellate-Tribunal-NCLAT-ruling-on-OTS-TAXSCAN.jpg "Pendency of One Time Settlement Proposal is not A Ground to Reject Application u/s 95: NCLAT [Read Order]")
Part of Resolution Plan Cannot Be Given on Application of Operational Creditor Till Approval of Plan: NCLAT [Read Order]
The New Delhi bench of National Company Law Appellate Tribunal ( NCLAT) has held that part of the Resolution Plan cannot be given to the operational creditor till the Resolution Plan pending for...
Share Application Money Deposited With Corporate Debtor Not a Financial Debt u/s 5(8) of IBC: NCLAT [Read Order]
The New Delhi bench of National Company Law Appellate Tribunal ( NCLAT) has held that share application money deposited with the corporate debtor cannot be treated as financial debt under section...
Information Memorandum prepared based on Resolution Plan Submitted & Approved by CoC cannot be modified: NCLAT
The New Delhi bench of National Company Law Appellate Tribunal ( NCLAT ) has held that the Information Memorandum prepared by the Resolution Professional based on which the Resolution Plan approved...
Sale Certificate Issued to Successful Bidder Can Be Cancelled on Non Payment of Bid Amount Within 90 Days: NCLAT
The New Delhi bench of National Company Law Appellate Tribunal ( NCLAT ) has held that as per Liquidation Regulations, the bid amount has to be paid within 90 days. If the amount is not paid, sale...
No Petition u/s 9 Of IBC can be Rejected on Grounds of Raising Fake Claim of Pre-Existing Dispute: NCLAT [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) New Delhi bench has held that the Adjudicating Authority didn’t commit any error in holding that all requisite conditions necessary to trigger...
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 guarantor cannot become a financial creditor without...
