NCLT is Empowered to Allow Amending Pleadings before Final Orders in CIRP Proceedings: NCLAT [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) has held that the National Company Law Tribunal (NCLT) is empowered to allow the parties to...
![Resolution Professional Entitled to determine Related Party Status of Creditor: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Resolution-Professionals.jpg "Resolution Professional Entitled to determine Related Party Status of Creditor: NCLAT [Read Order]")
Recall Notice issued during Cut-Off Period Specified u/s 10A doesn't Defer Date of Default If Default Occurred before Cut-Off Period: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT), New Delhi has held that recall notice issued during cut-off period specified under section 10A of the Insolvency Bankruptcy Code (IBC), 2016...
Petition u/s 7 of IBC has to be admitted when Debt And Default are Satisfied: NCLAT allows appeal of Canara Bank [Read Order]
In a ruling in favour of Canara Bank, the New Delhi bench of National Company Law Appellate Tribunal ( NCLAT ) held that a petition under section 7 of the Insolvency Bankruptcy Code ( IBC ), 2016 has...
Dept of Expenditure does not qualify as an "enterprise": NCLAT dismisses TAAI's allegations of Anti-Competitive Practices [Read Order]
The New Delhi National Company Law Appellate Tribunal ( NCLAT ) has held that the Department of Expenditure, Government of India does not qualify as an "enterprise" under Section 2(h) of the...
Dissenting Financial Creditor only entitled to Liquidation Value of Secured Interest u/s 30(2)(b) of IBC: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) has held that as per Section 30(2)(b) of the Insolvency and Bankruptcy Code, 2016, a dissenting financial creditor is only...
Adjudicating Authority have Inherent Power to Recall Its Judgement But Has No Power To Review: NCLAT [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) has held that adjudicating authority have inherent power to recall its judgement but has no power to review. The Tribunal clarified that the...
NCLAT dismisses Petition u/s 95 of IBC filed Merely to Thwart Arbitral Proceedings already Initiated [Read Order]
The New Delhi Principal bench of the National Company Law Appellate Tribunal (NCLAT) held that petition under section 95 of the Insolvency and Bankruptcy Code (IBC) cannot be maintained if it is...
