NCLAT upholds Resolution Plan Proposing 'Nil' Payment to Operational Creditors
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) upheld the Resolution plan, which proposed NIL payment to the...
![Corporate Debtor failed to demonstrate pre-existing dispute u/s 9 of IBC: NCLAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/NCLAT-NCLAT-New-Delhi-National-Companies-IBC-appeal-TAXSCAN.jpg "Corporate Debtor failed to demonstrate pre-existing dispute u/s 9 of IBC: NCLAT dismisses Appeal [Read Order]")
Financial Creditors who are Allottees under RERA Required to meet Threshold Criteria For Filing a Section 7 application under IBC: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal (“ NCLAT ”) held that Financial Creditors who are Allottees under the Real Estate (Regulation and Development) Act, 2016 (“RERA”)...
![Financial Creditors who are Allottees under RERA Required to meet Threshold Criteria For Filing a Section 7 application under IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Application-us-7-of-IBC-Acceptable-as-Exist-of-Financial-Debt-and-Default-NCLT-TAXSCAN.jpg "Financial Creditors who are Allottees under RERA Required to meet Threshold Criteria For Filing a Section 7 application under IBC: NCLAT [Read Order]")
Liability of Corporate Guarantor Does Not Absolve Only Due to Non-Invocation of Guarantee: NCLAT [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) held that a Corporate Guarantor cannot be absolved from its liability only due to non-invocation of guarantee. Iskon Infra...
![Liability of Corporate Guarantor Does Not Absolve Only Due to Non-Invocation of Guarantee: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/NCLAT-NCLAT-Delhi-National-Company-Company-Law-Appellate-Tribunal-Corporate-Guarantor-TAXSCAN.jpg "Liability of Corporate Guarantor Does Not Absolve Only Due to Non-Invocation of Guarantee: NCLAT [Read Order]")
Lending Institutions Providing Loans to Homebuyers cannot be Treated as Financial Creditors Under IBC: NCLAT [Read Order]
In a recent case, the Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) held that lending institutions providing loans to homebuyers do not qualify as 'Financial Creditors' under...
![Lending Institutions Providing Loans to Homebuyers cannot be Treated as Financial Creditors Under IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/NCLAT-IBC-Insolvency-and-Bankruptcy-National-Company-Law-Appellate-Tribunal-Financial-Creditors-taxscan.jpg "Lending Institutions Providing Loans to Homebuyers cannot be Treated as Financial Creditors Under IBC: NCLAT [Read Order]")
Claim for Refund of Security Deposit on Contractual Obligation Contingent on Executing Leave and License Agreement not Operational Debt under IBC: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) observed that the refund of Security Deposit on contractual obligation contingent on executing leave and license agreement...
Second Petition u/s 7 of IBC maintainable if CD Defaulted in Settlement Agreement pending Section 7 Petition: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) held that the no bar in fling the second petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 ( IBC) if...
