No Pre-CIRP can be Recovered after Admission of Corporate Debtor into Insolvency: NCLAT [Read Order]
The Chennai bench of the National Company Law Appellate Tribunal ( NCLAT ) has held that pre-CIRP dues cannot be recovered once the corporate debtor...
![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]")
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...
