Second Petition u/s 7 of IBC maintainable if CD Defaulted in Settlement Agreement pending Section 7 Petition: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) held that the no bar in fling the second petition under Section 7 of the...
![Ex-Director Ineligible to Submit Resolution Plan for MSME when CD is Wilful Defaulter: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Ex-Director-Ineligible-to-Submit-Resolution-Plan-MSME-Wilful-Defaulter-NCLAT-TAXSCAN.jpg "Ex-Director Ineligible to Submit Resolution Plan for MSME when CD is Wilful Defaulter: NCLAT [Read Order]")
![Fees Paid to Liquidator to be Paid under Regulation 4(2)(b) of Liquidation Process Regulations on Realization and Distribution of Proceeds from Auction of Assets: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/NCLAT-Liquidation-Process-Liquidator-fees-Auction-of-Assets-TAXSCAN.jpg "Fees Paid to Liquidator to be Paid under Regulation 4(2)(b) of Liquidation Process Regulations on Realization and Distribution of Proceeds from Auction of Assets: NCLAT [Read Order]")
Definition of Financial Debt u/s 5(8) of IBC do not provide disbursal to be made to CD: NCLAT [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) observed that the definition of financial debt under Section 5(8) of the Insolvency and Bankruptcy Code, 2016 ( IBC ) do not provide disbursal to...
Approval of Resolution Plan below Liquidation Value is within Commercial Wisdom of CoC: NCLAT [Read Order]
The Chennai Bench of the National Company Law Appellate Tribunal ( NCLAT ) observed that the approval of the resolution plan below the liquidation value is within the commercial wisdom of the...
Claim on Goods not in Possession of Port Authority cannot be treated as Secured Creditor under IBC: NCLAT
The Chennai Bench of the National Company Law Appellate Tribunal ( NCLAT ) ruled that the claim on goods not in possession of port authority cannot be treated as secured creditor under the Insolvency...
Proof beyond doubt that disobedience or breach was wilful necessary to constitute contempt of Tribunal's Orders: NCLAT
The New Delhi bench of the National Company Law Appellate Tribunal( NCLAT ) held that Resolution Professional(RP) proof beyond doubt that disobedience or breach was wilful necessary to...
