Financial Creditor can file Application u/s 7 of IBC even after Initiation of Recovery Proceedings before DRT: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) has held that initiation of recovery proceedings before the DRT does not...
Decree Holder falls under Definition of “Financial Creditor” under IBC: NCLAT allows Appeal [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) has ruled that if a decree is founded on a financial debt, the holder of the decree is considered a "Financial Creditor"...
Ghaziabad Development Authority Imposed unfair Terms on allottees of EWS Housing Scheme: NCLAT Imposes 5% Penalty [Read Order]
In an appeal filed by Ghaziabad Development Authority ( GDA ) challenging the Competition Commission of India's ( CCI ) order, the National Company Law Appellate Tribunal ( NCLAT ) of New Delhi bench...
Secured Creditor Is Liable To Pay Liquidator's Fees Under Rule 21A Of IBC Liquidation Regulations: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that the fee of the liquidator has to be paid within 90 days from the liquidation commencement date as provided...
Bank Deposit In Pursuance of One Time Settlement Proposal Remains Corporate Debtor's Asset When Settlement Fails: NCLAT Rules Against BOI [Read Order]
In a ruling against Bank of India (BOI), the New Delhi bench of National Company Law Appellate Tribunal (NCLAT) has held that the amount deposited with the bank by the corporate debtor in pursuance...
