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...
Resolution Professional cannot Entertain any Claims Arising After Commencement of CIRP: NCLAT [Read Order]
In a recent judgement of the New Delhi National Company Law Appellate Tribunal ( NCLAT ), has held that Resolution Professional cannot entertain any claims arising after the commencement of the...
No Pari Materia in S. 37 of MVAT Act & S. 33 of MPVAT Act With S. 48 Of The GVAT Act: NCLAT [Read Order]
The Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) has held that Section 37 of the Maharashtra Value Added Tax Act, 2002 ( MVAT Act ) and Section 33 of the Madhya Pradesh Value...
![Dispute Regarding GST Dues is not a Bar to Proceedings S. 9 IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/GST-NCLAT-IBC-Insolvency-Resolution-Process-GST-issues-under-IBC-TAXSCAN.jpg "Dispute Regarding GST Dues is not a Bar to Proceedings S. 9 IBC: NCLAT [Read Order]")
Lending Institutions Providing Loans to Homebuyers cannot be Treated as Financial Creditors Under IBC: NCLAT [Read Order]
In a recent case, the Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) held that lending institutions providing loans to homebuyers do not qualify as 'Financial Creditors' under...
![Lending Institutions Providing Loans to Homebuyers cannot be Treated as Financial Creditors Under IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/NCLAT-IBC-Insolvency-and-Bankruptcy-National-Company-Law-Appellate-Tribunal-Financial-Creditors-taxscan.jpg "Lending Institutions Providing Loans to Homebuyers cannot be Treated as Financial Creditors Under IBC: NCLAT [Read Order]")
IBC Provision not Mandates Treatment of Related Party at Par with unrelated Party: NCLAT upholds NCLT Order [Read Order]
The National Company Law Appellate Tribunal, Principal Bench while upholding the National Company Law Tribunal ( NCLT ) has held that the Insolvency Bankruptcy Code ( IBC ), 2016 does not provide...
