SRA cannot seek Substitution with another Resolution Applicant when Resolution Plan is Approved by CoC and NCLT: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) held that the Successful Resolution Applicant ( SRA ) cannot seek...
Liquidator can Pursue Writ Petition for CD on allowance of Liquidator to Prosecute u/s 33(5) of IBC: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) ruled that the liquidator can pursue writ petition for the Corporate Debtor ( CD ) on allowance of liquidator to prosecute...
RP cannot be directed to hand over Charge of CD to Ex-Management when CIRP is stayed: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) ruled that the Resolution Professional (RP) cannot be directed to hand over charge of Corporate Debtor (CD) to Ex-Management...
Delay beyond 15 days is Uncondonable as per Statutory Provisions; so as Delay of 45 days: NCLAT Delhi Dismisses Appeal
The Delhi National Company Law Appellate Tribunal (NCLAT) while dismissing the appeal held that delay beyond 15 days is uncondonable as per statutory provisions so no scope for condonation of delay...
NCLAT drops Insolvency Proceedings against Oyo and its subsidiary; disallowed the intervention of FHRAI
In a major relief to Oyo and its subsidiary, the National Company Law Appellate Tribunal (NCLAT), Delhi Bench dropped the insolvency proceedings against Oyo and one of its subsidiaries, and also...
