![Breach of Settlement Agreement Does Not Bar Financial Creditors from Filing Application u/s 7 of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Settlement-Agreement.jpg "Breach of Settlement Agreement Does Not Bar Financial Creditors from Filing Application u/s 7 of IBC: NCLAT [Read Order]")
Breach of Settlement Agreement Does Not Bar Financial Creditors from Filing Application u/s 7 of IBC: NCLAT [Read Order]
The bench of the National Company Law Appellate Tribunal (NCLAT) in New Delhi has ruled that financial creditors who have signed a settlement...
![Adjudicating Authority cannot Accept Report of RP without Independent Assessment u/s 100 of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Adjudicating-Authority-Accept-Report-RP-Independent-Assessment-IBC-NCLAT-taxscan.jpg "Adjudicating Authority cannot Accept Report of RP without Independent Assessment u/s 100 of IBC: NCLAT [Read Order]")
![Demand Notice Delivered to Last Known Address of Personal Guarantor is Valid Service u/s 95(4) of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/NCLAT-NCLAT-New-Delhi-Demand-Notice-Section-954-of-IBC-Taxscan.jpg "Demand Notice Delivered to Last Known Address of Personal Guarantor is Valid Service u/s 95(4) of IBC: NCLAT [Read Order]")
![Application u/s 9 of IBC Cannot be Admitted When Debt is Discharged by Corporate Debtor: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/IBC-Section-9-NCLAT-ruling-Corporate-debtor-taxscan.jpg "Application u/s 9 of IBC Cannot be Admitted When Debt is Discharged by Corporate Debtor: NCLAT [Read Order]")
![Lease Hold Rights Existing in Favor of Corporate Debtor Cannot be Terminated During Moratorium Period u/s 14 of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Lease-hold-rights-Corporate-debtor-rights-NCLAT-ruling-taxscan.jpg "Lease Hold Rights Existing in Favor of Corporate Debtor Cannot be Terminated During Moratorium Period u/s 14 of IBC: NCLAT [Read Order]")
Security Interest becomes Part of Liquidation Estate if Amount is Not Deposited within 90 days: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench held that a secured creditor's security interest will become part of the liquidation estate if, within ninety days of the...
![Security Interest becomes Part of Liquidation Estate if Amount is Not Deposited within 90 days: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Security-interest-NCLAT-ruling-Secured-creditor-taxscan-1.jpg "Security Interest becomes Part of Liquidation Estate if Amount is Not Deposited within 90 days: 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 loan used to buy the apartment was paid off with the...
![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]")
Application u/s 9 of IBC must not be Entertained when Debt is not Unequivocally Admitted by Corporate Debtor: NCLAT [Read Order]
In a recent case, the New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that the application under section 9 of the Insolvency and Bankruptcy Code, 2016 (Code)...
![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]
The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that electricity being an essential supply cannot be disconnected during moratorium period under section 14 of the...
![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]
The National Company Law Appellate Tribunal (NCLAT) has held that relief under section 60(5) of the Insolvency and Bankruptcy Code, 2016 (Code) cannot be claimed against rejection of claims by the...
![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]")