NCLAT Denies Extension for Auction Deposit, Grants Partial Refund of EMD Due to COVID-19 [Read Order]
The Chennai Bench of National Company Law Appellate Tribunal(NCLAT) The Chennai Bench of National Company Law Appellate Tribunal (NCLAT) denied the...
Revisiting Resolution Plan after Commencement of Liquidation Process is not Allowable as per Principle of Procedural Finality: NCLAT dismisses Appeal [Read Order]
The Chennai bench of National Company Law Appellate (NCLAT) has held that revisiting the resolution plan after commencement of liquidation process is not allowable as per principle of procedural...
NCLAT allows Impleadment of Party after Closure of Initial CIRP Plea against Corporate Debtor [Read Order]
The Chennai bench of the National Company Law Appellate Tribunal ( NCLAT ),allowed the impleadment application filed by an Operational Creditor, on the ground that its application to initiate CIRP...
Proceedings u/s 61 of IBC cannot be Instituted by Official Liquidator to Challenge Directions by IBBI: NCLAT [Read Order]
The Chennai bench of the National Company Law Appellate Tribunal dismissed an appeal filed by the Liquidator of the Corporate Debtor M/s RLS Alloys Pvt. Ltd stating that the Liquidator cannot...
Proceedings u/s 9 of IBC cannot be Initiated Against Performance Pay as it Does Not Amounts to Operational Debt: NCLAT [Read Order]
The Chennai bench of the National Company Law Appellate Tribunal ( NCLAT ) has held that Proceedings under section 9 of Insolvency Bankruptcy Code ( IBC ), 2016 cannot be initiated against...
Creditors have Right To File For Bankruptcy Beyond Threshold Timeline u/s 118 Of IBC: NCLAT [Read Order]
The Chennai bench of the National Company Law Appellate Tribunal ( NCLAT ) dismissed appeals and held that the creditors have the right to file for bankruptcy beyond the threshold timeline under...
