Pendency of Proceedings before NCLT does not Bar Financial Creditors from filing Petition u/s 7: NCLAT rules in favour of ICICI Bank [Read Order]
In a ruling in favour of ICICI Bank, the New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that the pendency of...
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]")
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]")