Extension of Time in Payment not Modification of Resolution Plan under IBC: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) held that the extension of time in payment not modification of resolution...
Belated Claims by Creditors not to be Considered as IBC Proceedings are Time Bound: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) held that the belated claims by creditors not to be considered as the nature proceedings under the Insolvency and Bankruptcy...
Relief to SBI: NCLAT Grants Time to File Rejoinder with Rs. 25,000 Cost to be paid in PM Relief Fund, Dismisses Remaining Directives of AA [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) granted State Bank of India ( SBI ) time to file rejoinder, with Rs. 25,000 cost to be paid to Prime Minister Relief Fund,...
CIRP process can be initiated when Financial Debt and default on part of Corporate Debtor has successfully proved: NCLAT [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) held that the Corporate Insolvency Resolution Professional ( CIRP )Â process could be initiated when financial debt and...
NCLAT upholds CIRP Proceedings initiated u/s 9 of IBC against Corporate Debtor for outstanding dues to Operational Creditor [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) upheld the Corporate Insolvency Resolution Professional ( CIRP )Â proceedings initiated under Section 9 of the Indian...
NCLAT directs to Modifies Resolution Plan by compliance with provision of section 30(2)(b)(ii) of IBC [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) directed to modify the resolution plan passed by the adjudication authority by compliance with the provision of Section...
Failure to prove Security Interest created in Assets of Corporate Debtor in Favor of PMC Bank: NCLAT upholds approval of Resolution Plan [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) while upholding the resolution plan passed by the adjudicating authority observed that there was a failure to prove security...
Fees Paid to Liquidator to be Paid under Regulation 4(2)(b) of Liquidation Process Regulations on Realization and Distribution of Proceeds from Auction of Assets: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) observed that the fees paid to Liquidator to be paid under Regulation 4(2)(b) of the Insolvency and Bankruptcy Board of...
![Fees Paid to Liquidator to be Paid under Regulation 4(2)(b) of Liquidation Process Regulations on Realization and Distribution of Proceeds from Auction of Assets: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/NCLAT-Liquidation-Process-Liquidator-fees-Auction-of-Assets-TAXSCAN.jpg "Fees Paid to Liquidator to be Paid under Regulation 4(2)(b) of Liquidation Process Regulations on Realization and Distribution of Proceeds from Auction of Assets: NCLAT [Read Order]")