![NCLAT Dismisses Appeal of Suspended Directors: Upholds ₹2.65 Cr Recovery Order of NCLT [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/500x300_2050316-nclat-nclat-new-delhi-appeal-dismissed-taxscan.webp "NCLAT Dismisses Appeal of Suspended Directors: Upholds ₹2.65 Cr Recovery Order of NCLT [Read Order]")
NCLAT Dismisses Appeal of Suspended Directors: Upholds ₹2.65 Cr Recovery Order of NCLT [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, has dismissed an appeal filed by Praful Satra and other suspended directors of...
![NCLAT: Only RP or Liquidator Can File plea u/s 43 of IBC: NCLAT Dismisses Homebuyer’s Application [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/250x150_2049910-nclat-only-rp-or-liquidator-file-plea-section-43-of-ibc-section-43-of-ibc-taxscan.webp "NCLAT: Only RP or Liquidator Can File plea u/s 43 of IBC: NCLAT Dismisses Homebuyer’s Application [Read Order]")
![Resolution Plan Approved by 83.46% Creditors Cannot Be Challenged by Lone Homebuyer u/s 60(5) of IBC [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/250x150_2049889-resolution-plan-creditors-taxscan.webp "Resolution Plan Approved by 83.46% Creditors Cannot Be Challenged by Lone Homebuyer u/s 60(5) of IBC [Read Order]")
![NCLAT Allows Deloitte’s Appeal, Strikes Down NCLT Order in IL&FS Case Over Unauthorised Amendment [Read Order]](https://images.taxscan.in/h-upload/2025/06/16/250x150_2045227-nclat-nclat-new-delhi-deloitte-ilfs-taxscan.webp "NCLAT Allows Deloitte’s Appeal, Strikes Down NCLT Order in IL&FS Case Over Unauthorised Amendment [Read Order]")
![NCLAT Reviews Multiple Interloqutory Applications in IL&FS Linked Applications [Read Order]](https://images.taxscan.in/h-upload/2025/06/16/250x150_2045190-nclat-nclat-new-delhi-ilfs-ilfs-linked-applications-taxscan.webp "NCLAT Reviews Multiple Interloqutory Applications in IL&FS Linked Applications [Read Order]")
![CIRP Cannot be Continued When Entire Debt Amount has Been Re-Paid: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/11/500x300_2042296-nclat-nclat-new-delhi-debt-taxscan.webp "CIRP Cannot be Continued When Entire Debt Amount has Been Re-Paid: NCLAT [Read Order]")
Suspended management is unable to release corporate debtor funds after Comencement of CIRP without IRP authorization: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) held that the suspended management of the Corporate Debtor is also strictly prohibited from directly or indirectly...
![Suspended management is unable to release corporate debtor funds after Comencement of CIRP without IRP authorization: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/09/500x300_2041750-nclat-corporate-debtor-nclat-new-delhi-taxscan.webp "Suspended management is unable to release corporate debtor funds after Comencement of CIRP without IRP authorization: NCLAT [Read Order]")
Notice u/s13(2) SARFAESI Act Demanding Payment from Guarantor Constitutes Invocation of Personal Guarantee: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench held that where a Section 13(2) notice explicitly demands payment from the guarantor in terms of the guarantee agreement, it...
![Notice u/s13(2) SARFAESI Act Demanding Payment from Guarantor Constitutes Invocation of Personal Guarantee: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/SARFAESI-Act.jpg "Notice u/s13(2) SARFAESI Act Demanding Payment from Guarantor Constitutes Invocation of Personal Guarantee: NCLAT [Read Order]")
Liberty Granted to File Fresh Application does not Permit Alteration of Default Date in Application u/s 7 of IBC: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) in New Delhi has ruled that the appellant's failure to file the first appeal against the order dated 10.04.2023, which dismissed the first...
![Liberty Granted to File Fresh Application does not Permit Alteration of Default Date in Application u/s 7 of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/NCLAT-Section-7-of-IBC-NCLAT-on-Alteration-of-Default-Date-TAXSCAN.jpg "Liberty Granted to File Fresh Application does not Permit Alteration of Default Date in Application u/s 7 of IBC: NCLAT [Read Order]")
NCLT Can Exercise Inherent Powers to Forward a Copy of its Order for Necessary Action: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench stated that the NCLT may, in the exercise of its inherent jurisdiction under Rule 11 of the NCLT Rules, 2016, direct that a copy of...
![NCLT Can Exercise Inherent Powers to Forward a Copy of its Order for Necessary Action: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Resolution-Professional-NCLT-Committee-of-Creditors-NCLAT-taxscan.jpg "NCLT Can Exercise Inherent Powers to Forward a Copy of its Order for Necessary Action: NCLAT [Read Order]")
Gratuity With Interest falls within definition of Operational Debt u/s 5(21) of IBC: NCLAT [Read Order]
The National Company Law Appellate Tribunal's (NCLAT) New Delhi bench has ruled that a claim for interest and gratuity fall under the definition of operational debt under section 5(21) of Insolvency...
![Gratuity With Interest falls within definition of Operational Debt u/s 5(21) of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/gratuity-site-img.jpg "Gratuity With Interest falls within definition of Operational Debt u/s 5(21) of IBC: NCLAT [Read Order]")