RP Required to Confirm Demand Notice Service before Admitting to Adjudicating Authority: NCLT
The Amaravati Special bench of the National Company Law Tribunal (NCLT) held that proof of due service of the demand notice presented to the...
![Notice issued by SBI to CD Recalling Loan Facility Not Amounts to Demand on Corporate Guarantor: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/SBI-SBI-to-form-Committee-to-Tackle-Co-Lending-Issues-Finance-Ministry-directs-SBI-Finance-Ministry-SBI-news-Taxscan.jpg "Notice issued by SBI to CD Recalling Loan Facility Not Amounts to Demand on Corporate Guarantor: NCLT [Read Order]")
![Company Law Tribunals Have Jurisdiction u/s 59 of Companies Act to Refer Seriously Disputed Questions Towards Civil Court: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/NCLT-taxscan-1.jpg "Company Law Tribunals Have Jurisdiction u/s 59 of Companies Act to Refer Seriously Disputed Questions Towards Civil Court: NCLT [Read Order]")
Allotment of Shares at Concessional Price is Oppressive Act qua Existing Members to whom no such Allotment made: NCLT [Read Order]
The Mumbai Bench of the National Company Law Tribunal (NCLT) observed that the allotment of shares at the concessional price is oppressive act qua existing members to whom no such allotment was made....
Electricity dues for Periods Prior to Takeover cannot be Recovered from Present Owner under IBC: Meghalaya HC [Read Order]
The Meghalaya High Court ruled that a company acquired through the Insolvency and Bankruptcy Code (IBC) process is not liable for electricity dues incurred before the takeover. Reliance Infratel,...
No Bar to Liability of Signatory of Cheque under NI Act due to Initiation of Proceedings under IBC: Madhya Pradesh HCÂ [Read Order]
The Madhya Pradesh High Court has held that there is no bar to the liability of the signatory of the cheque under the Negotiable Instruments Act, 1881 due to the initiation of proceedings under the...
Corporate Entity Starts in Clean State on Rejuvenation on Approval of Resolution Plan by NCLT: Calcutta HC [Read Order]
The Calcutta High Court held that after the insolvency proceeding is over and the resolution plan is duly approved by the National Company Law Tribunal ( NCLT ), the corporate entity starts with a...
Official Liquidator must follow Ethical Principles and Fairness While Discharging Duties under IBC: Delhi HC [Read Order]
The Delhi High Court has held that official liquidators must follow ethical principles and fairness to discharge their duties under the Insolvency and Bankruptcy Code ( IBC ), 2016. Sundaresh Bhat...
