An allottee who has lost trust in Management is entitled to seek resolution through CIRP : NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) have upheld the admission of the application under Section 7 of the Insolvency and Bankruptcy...
![Existence of Financial Debt and Corresponding Default is a Sine Qua Non for Initiating Proceedings u/s 7 of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Existence-of-Financial-Debt-Corresponding-Proceedings-us-7-of-IBC-NCLAT-TAXSCAN.jpg "Existence of Financial Debt and Corresponding Default is a Sine Qua Non for Initiating Proceedings u/s 7 of IBC: NCLAT [Read Order]")
Application u/s 9 of IBC can be Rejected on Initiation of Arbitration Proceedings before Issuance of Demand Notice: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) has decided that the commencement of arbitration proceedings prior to the demand notice being issued under section 8 of the...
Unilateral Revocation of Guarantee does not Discharge Guarantor from his Obligations in absence of Acceptance by Creditor: NCLAT rules in favour of SBI [Read Order]
The National Company Law Appellate Tribunal (NCLAT) of the New Delhi bench ruled in favor of SBI, holding that when the Financial Creditor has not consented to the revocation, respondent No. 1's...
Status Report in Criminal Proceeding Have No Bearing on Deciding Application u/s 7 Of IBC: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellant Tribunal (NCLAT) has held that Status status report submitted in a criminal proceeding regarding allegations of fraud and forgery can have no...
Proceedings Under SARFAESI Act Initiated Prior to Filing Petition u/s 10 of IBC Cannot Be Termed Fraudulent: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that proceeding under Section 13, sub-section (2) and (4) of the Securitisation and Reconstruction of Financial...
Adjudicating Authority not Empowered to Substitute its own Assumption with CoC's Commercial Wisdom: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) held that the adjudicating authority not empowered to substitute its own assumption with the Committee of Creditors (...
