Liquidator not Empowered to Decide Matters involving Claims and Counter Claims: NCLAT
The Chennai Bench of the National Company Law Appellate Tribunal ( NCLAT ) held that the liquidator is not empowered to decide the matters involving...
When debt and default is proved, Adjudicating Authority has to admit application unless it is Incomplete: NCLAT upholds Section 7 Application [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal(NCLAT) held that when debt and default is proved ,adjudicating authority (NCLT)has to admit the application unless it is incomplete...
142 Days Delay in Filing Appeal is not Condonable u/s 62 of Insolvency Bankruptcy Code: Supreme Court dismisses Petition [Read Order]
The Supreme Court of India Dismisses the civil appeal filed by the state revenue department as the delay of 142 days is more excessive than the delay condonable under Section 62 of the Insolvency...
RP running Corporate Debtor's Business, is Best Person to Decide what Part of Business to be Carried Out: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) ruled that the Resolution Professional (RP) running Corporate Debtor's business, is the best person to decide what part of...
Adjudicating Authority under IBC not appropriate forum to decide Revocation of Attachment Made by ED during CIRP: NCLT [Read Order]
The Chennai Bench of the National Company Law Tribunal ( NCLT ) held that adjudicating authority under the Insolvency and Bankruptcy Code, 2016 ( IBC ) is not appropriate forum to decide revocation...
