![Allottee cannot be considered as Financial Creditor on Cancellation of Unit by Own Request: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Allottee-considered-as-Financial-Creditor-Cancellation-Unit-Own-Request-NCLAT-taxscan.jpg "Allottee cannot be considered as Financial Creditor on Cancellation of Unit by Own Request: NCLAT [Read Order]")
Allottee cannot be considered as Financial Creditor on Cancellation of Unit by Own Request: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) New Delhi has ruled that if a unit was cancelled at the request of the unit's allottee and the...
![Application u/s 9 of IBC must not be Entertained when Debt is not Unequivocally Admitted by Corporate Debtor: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/NCLAT-NCLAT-New-Delhi-IBC-Corporate-debtor-taxscan.jpg "Application u/s 9 of IBC must not be Entertained when Debt is not Unequivocally Admitted by Corporate Debtor: NCLAT [Read Order]")
![Electricity is Essential Supply, cannot Disconnected during CIRP Period under IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Electricity-Essential-Supply-Disconnected-CIRP-Period-IBC-NCLAT-taxscan.jpg "Electricity is Essential Supply, cannot Disconnected during CIRP Period under IBC: NCLAT [Read Order]")
![Relief under IBC 60(5) on Liquidator Rejection of Claims Unavailable when Remedy under IBC 42 is not Used: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/NCLAT-Insolvency-and-Bankruptcy-Code-IBC-Section-605-of-IBC-TAXSCAN.jpg "Relief under IBC 60(5) on Liquidator Rejection of Claims Unavailable when Remedy under IBC 42 is not Used: NCLAT [Read Order]")
![Lone Homebuyer has no right to Challenge Approval of Resolution Plan: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/NCLAT-NCLAT-New-Delhi-NCLAT-case-on-lone-homebuyer-rights-Taxscan.jpg "Lone Homebuyer has no right to Challenge Approval of Resolution Plan: NCLAT [Read Order]")
No Bar on Corporate Debtor from Contesting Application u/s 9 of IBC even in absence of Demand Notice: NCLAT [Read Order]
The National Company Law Appellate Tribunal (“NCLAT”) New Delhi bench has held that the Corporate Debtor cannot be prevented from opposing the application submitted under section 9 of the Insolvency...
![No Bar on Corporate Debtor from Contesting Application u/s 9 of IBC even in absence of Demand Notice: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/NCLAT-NCLAT-New-delhi-Corporate-Debtor-Section-9-of-IBC-TAXSCAN.jpg "No Bar on Corporate Debtor from Contesting Application u/s 9 of IBC even in absence of Demand Notice: NCLAT [Read Order]")
Any dispute even Pending Arbitration does not Prohibit Financial Creditors to avail remedy u/s 7 of IBC: NCLAT [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) New Delhi has ruled that a financial creditor's ability to seek redress under Section 7 of the law is not in any way restricted by a dispute that...
![Any dispute even Pending Arbitration does not Prohibit Financial Creditors to avail remedy u/s 7 of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Pending-Arbitration-Prohibit-Financial-Creditors-Financial-Creditors-dispute-even-Pending-Arbitration-avail-remedy-section-7-of-IBC-IBC-taxscan.jpg "Any dispute even Pending Arbitration does not Prohibit Financial Creditors to avail remedy u/s 7 of IBC: NCLAT [Read Order]")
Deposit of Security under Memorandum of Understanding in absence of Effect of Borrowing Cannot be Categorised as Financial Debt: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT) has ruled that, in accordance with section 5(8) of the Insolvency and Bankruptcy Code, 2016 ( C ), the security amount...
![Deposit of Security under Memorandum of Understanding in absence of Effect of Borrowing Cannot be Categorised as Financial Debt: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/NCLAT-Financial-Debt-Deposit-of-Security-taxscan.jpg "Deposit of Security under Memorandum of Understanding in absence of Effect of Borrowing Cannot be Categorised as Financial Debt: NCLAT [Read Order]")
![Liquidator can Decide to Proceed With Private sale by Swiss Challenge Method: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/NCLAT-Liquidator-Swiss-Challenge-Method-taxscan.jpg "Liquidator can Decide to Proceed With Private sale by Swiss Challenge Method: NCLAT [Read Order]")
Distribution of Liquidation Proceeds to Secured Creditors Must Be Based on Admitted Claims under IBC S. 53: NCLAT [Read Order]
According to a ruling by the National Company Law Appellate Tribunal ( NCLAT ) in New Delhi, liquidation profits cannot be allocated based on the security interests of various secured creditors;...
![Distribution of Liquidation Proceeds to Secured Creditors Must Be Based on Admitted Claims under IBC S. 53: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Proceedings-under-IBC-Delhi-HC-Insolvency-and-Bankruptcy-Code-taxscan.jpg "Distribution of Liquidation Proceeds to Secured Creditors Must Be Based on Admitted Claims under IBC S. 53: NCLAT [Read Order]")
Insolvency Application against Personal Guarantor is Maintainable u/s 60(1) of IBC even in Absence of Pending CIRP against CD: NCLAT [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) bench in New Delhi has ruled that, even in cases where the National Company Law Tribunal ( NCLT ) has not yet started or is in the process of...
![Insolvency Application against Personal Guarantor is Maintainable u/s 60(1) of IBC even in Absence of Pending CIRP against CD: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Insolvency-Application-Personal-Guarantor-IBC-Absence-Pending-CIRP-CD-NCLAT-taxscan.jpg "Insolvency Application against Personal Guarantor is Maintainable u/s 60(1) of IBC even in Absence of Pending CIRP against CD: NCLAT [Read Order]")
NCLAT uphold Resolution Plan In absence of irregularity in conduct of CIRP Proceedings [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) upheld the resolution plan in absence of irregularity in the conduct of Corporate Insolvency Resolution Proceedings ( CIRP...
![NCLAT uphold Resolution Plan In absence of irregularity in conduct of CIRP Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/NCLAT-Resolution-Plan-CIRP-proceedings-NCLAT-New-Delhi-CIRP-NCLAT-news-NCLAT-updates-taxscan.jpg "NCLAT uphold Resolution Plan In absence of irregularity in conduct of CIRP Proceedings [Read Order]")