Rejection of Contingent Claims by Resolution Professional Cannot be Faulted: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) held tha the RP's decision to reject the claim by sending the appellant a...
Non Fund-Based Facilities Cannot be Refused by Lenders on Availability of Disbursement Clause in Resolution Plan: NCLAT Dismisses SBI’s Appeal [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) while dismissing the State Bank of India’s appeal, has held that Non Fund Based facilities cannot be refused to be...
Petition u/s 7 of IBC Can be Admit on Default Committed Prior To S.10A Period: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has found that date of default has been noted in the NeSL portalon a date which is much prior to Section 10A period and held...
Income Tax Dept Seized Amount Adjusted Towards Demand Prior to Initiation Of CIRP Not an Asset of CD: NCLAT
The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that an amount seized by the Income Department adjusted against demand prior to initiation of the CIRP cannot be...
Money Raised out of Optional Convertible Debentures Classifiable as Financial Debt u/s 5(8): NCLAT Dismisses Appeal of IREDA [Read Order]
While dismissing the appeal of Indian Renewable Energy Development Agency Limited(IREDA), the New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that raising money by...
Written Agreement Not Mandatory To Prove Financial Debt When Other Materials On Record are Available: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has ruled that it is not necessary for financial debt to be proved by a written agreement if it can be established from...
Section 43 Of IBC cannot be Attracted in Absence of Transaction made by Corporate Debtor: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that section 43 of the code can be attracted only when the transaction in question is made by the corporate...
![Section 43 Of IBC cannot be Attracted in Absence of Transaction made by Corporate Debtor: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Section-43-Section-43-Of-IBC-IBC-Cannot-Be-Attracted-Absence-of-Transaction-Made-By-Corporate-Debtor-NCLAT-Corporate-Debtor-NCLAT-NCLAT-taxscan.jpg "Section 43 Of IBC cannot be Attracted in Absence of Transaction made by Corporate Debtor: NCLAT [Read Order]")
