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...
NCLAT imposes Rs. 1 Lakh Costs on Creditor under Contempt of Courts Act invoking Doctrine of 'Approbate & Reprobate'
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) imposed Rs. 1 Lakh costs on the Creditor under Contempt of Court Act, 1971 invoking the doctrine of 'approbate &...
Absence of GST Refund/ITC Claim in Demand Notice or Form 5 not Ground of Default for CIRP u/s 9 of IBC: NCLAT
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) held that the absence of GST Refund/ITC Claim in the demand notice or Form 5 not the ground of default for the Corporate...
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...
