Failure to complete CIRP in Time Bound Manner: NCLAT approves Reduced Fee payable to RP
The New Delhi bench of the National Company Law Appellate Tribunal( NCLAT ) approved the reduced Fee payable to Resolution Process(RP) on failure to...
Insolvency Proceedings on Personal Guarantor of Corporate Debtor can be initiated when no CIRP is pending before NCLT: NCLAT [Read Order]
The Chennai bench of the National Company Law Appellate Tribunal (NCLAT) has held that Insolvency Proceedings on the Personal Guarantor of a Corporate Debtor can be initiated when no Corporate...
![Insolvency Proceedings on Personal Guarantor of Corporate Debtor can be initiated when no CIRP is pending before NCLT: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Insolvency-Proceedings-Personal-Guarantor-of-Corporate-Debtor-CIRP-Corporate-Debtor-NCLT-NCLAT-taxscan.jpg "Insolvency Proceedings on Personal Guarantor of Corporate Debtor can be initiated when no CIRP is pending before NCLT: NCLAT [Read Order]")
The settlement Entered by KNCEL and NHAI for Foreclosure of Concession Agreement relating to Kiratpur was in Accordance with Approved Resolution Framework about ILF&S: NCLAT
The Delhi bench of the National Company Law Appellate Tribunal(NCLAT) has held that settlement entered by Kiratpur Ner Chowk Expressway Limited (KNCEL) and National Highways Authority of India (NHAI)...
NCLAT dismisses Appeal of RP in absence of Irregularities in Provisions of Resolution Plan u/s 30(2) of Insolvency and Bankruptcy Code [Read Order]
The Chennai bench of the National Company Law Appellate Tribunal(NCLAT) dismissed the appeal of Resolution Professional (RP) in the absence of irregularities in provisions of the resolution...
Submission of Forged Document for Unlawful Benefit on Judicial Side: NCLAT Remits Mater to Adjudicating Authority [Read Order]
“Once the Adjudicating Authority has noticed that MOUs which were brought on record before the NCLT by the appellant were forged one, in that event the whole claim of the appellant was required to...
Memorandum of Compromise Entered by Operational Creditor and Resigned Director of Corporate Debtor is not valid: NCLAT upholds Order of NCLT in Favour of SBI
The Chennai bench of the National Company Law Appellate Tribunal (NCLAT) has held that memorandum of Compromise entered by the operational creditor and resigned director of the corporate debtor is...
Monetary Relief on Fraud Committed by Oppression and Mismanagement can only be granted by NCLT u/s 242 of Companies Act: NCLAT
In a recent ruling, the Delhi bench of the National Company Law Appellate Tribunal (NCLAT) monetary relief on fraud committed by oppression and mismanagement can only be granted by National Company...
Name of Company cannot be Struck off when Company has Substantial movables as well as Immovable Assets: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has held that the name of the company cannot be struck off when the company has substantial movables as well as immovable assets. Bharat Goyal,...
