NCLT To Decide S.7(1) Compliance Prior to Admission: NCLAT [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) has held that the National Company Law Tribunal ( NCLT ) to decide Section 7(1) of the...
Successful Auction Purchaser In Liquidation Proceedings Entitled For Certain Consequential Reliefs: NCLAT Rules in Matter of Punjab National Bank International [Read Order]
In the matter of Punjab National Bank (International Limited), the National Company Law Appellate Tribunal (“NCLAT”) has ruled that the successful auction purchaser in liquidation proceedings is...
Purchase of Shares in company under Liquidation not deemed Benami Property Ownership: Supreme Court condones delay in filing Civil Appeal [Read Judgement]
The Supreme Court of India has held that the purchase of shares in a company under liquidation does not automatically confer ownership of benami property to the company itself. The ruling came in...
![Purchase of Shares in company under Liquidation not deemed Benami Property Ownership: Supreme Court condones delay in filing Civil Appeal [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/10/Purchase-of-Shares-in-company-Liquidation-Benami-Property-Ownership-Benami-Property-Civil-Appeal-condones-delay-Supreme-Court-taxscan.webp "Purchase of Shares in company under Liquidation not deemed Benami Property Ownership: Supreme Court condones delay in filing Civil Appeal [Read Judgement]")
Issuance of Form G by CoC to Grant Extension After Expiry of 300 Days to Complete CIRP Process is Valid: NCLAT [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal(NCLAT) in the matter of Mr Ramneek Goel has held that issuance of form G by the Committee of Creditors (CoC) to grant an extension after...
Operational Creditors can only initiate CIRP against a Corporate Debtor in the Absence of Real Disputes Existing Between Parties: NCLAT
The Delhi bench of the National Company Law Appellate Tribunal(NCLAT) has held that operational creditors can only initiate the Corporate Insolvency Resolution Process (CIRP) against a corporate...
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...
NCLT have Jurisdiction to send back Resolution Plan for Modification: NCLAT allows to Prepare Addendum to Incorporate Necessary Modification
The New Delhi bench of the National Company Law Appellate Tribunal( NCLAT ) held that National Company Law Tribunal (NCLT) have Jurisdiction to send back Resolution Plan for Modification under...
