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...
![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]")
Application u/s 9 Of IBC Cannot Be Admitted For Invoices Covered By Prohibited Period under IBC: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) has held that application under section 9 of the Insolvency and Bankruptcy code ( IBC ), 2016 cannot be admitted for the...
Petition filed u/s 94 of IBC does not Preclude Financial Creditor’s Right to Seeking Replacement of RP: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) held that petition filed under section 94 of the Insolvency Bankruptcy Code ( IBC ), 2016 by personal guarantor through...
Pendency of One Time Settlement Proposal is not A Ground to Reject Application u/s 95: NCLAT [Read Order]
The New Delhi bench of National Company Law Appellate Tribunal ( NCLAT ) has held that pendency of One Time Settlement Proposal ( OTS ) which is not yet accepted, cannot be a ground to refuse...
![Pendency of One Time Settlement Proposal is not A Ground to Reject Application u/s 95: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/NCLAT-NCLAT-Delhi-National-Company-Law-Appellate-Tribunal-NCLAT-ruling-on-OTS-TAXSCAN.jpg "Pendency of One Time Settlement Proposal is not A Ground to Reject Application u/s 95: NCLAT [Read Order]")
Part of Resolution Plan Cannot Be Given on Application of Operational Creditor Till Approval of Plan: NCLAT [Read Order]
The New Delhi bench of National Company Law Appellate Tribunal ( NCLAT) has held that part of the Resolution Plan cannot be given to the operational creditor till the Resolution Plan pending for...
Share Application Money Deposited With Corporate Debtor Not a Financial Debt u/s 5(8) of IBC: NCLAT [Read Order]
The New Delhi bench of National Company Law Appellate Tribunal ( NCLAT) has held that share application money deposited with the corporate debtor cannot be treated as financial debt under section...
Sale Certificate Issued to Successful Bidder Can Be Cancelled on Non Payment of Bid Amount Within 90 Days: NCLAT
The New Delhi bench of National Company Law Appellate Tribunal ( NCLAT ) has held that as per Liquidation Regulations, the bid amount has to be paid within 90 days. If the amount is not paid, sale...
