Claim under IBC will not survive when Unit Holders Handed Over Possession and Conveyance Deed has Been Executed: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that when a unit holder is handed over possession and a...
Liquidator under IBC does not create Sub Leases Over Public Land without Adhering to Statutory Requirements: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) held that a liquidator does not create sub-leases over public land without adhering to the statutory requirements. Further...
Liquidator can Recover Amount belongs to Corporate Debtor through Application u/s 60(5)(c) of IBC: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) held that liquidators can recover the amount of the corporate debtor by filing an application under section 60(5)(c) of...
Application u/s 7 of IBC can be Admitted if Interest on Principal Amount Crosses Threshold Limit: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) held that if interest on the principal amount disbursed to the corporate debtor crosses the threshold limit as provided...
Petition u/s 9 of IBC Cannot Be Admitted on Establishment of Pre-Existing Dispute With Regard To Operational Debt: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) held that the petition under Section 9 of the Insolvency Bankruptcy Code (IBC), 2016 cannot be admitted when pre-existing...
![Resolution Professional Entitled to determine Related Party Status of Creditor: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Resolution-Professionals.jpg "Resolution Professional Entitled to determine Related Party Status of Creditor: NCLAT [Read Order]")
Transaction Audit Report is Sufficient to File Application for Avoidance of Preferential Transactions u/s 43 of IBC: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) held that Transaction Audit Report is sufficient to file an application for avoidance of preferential transactions under...
CoC has Authority to Modify Resolution Plan inorder to Comply Supreme Court’s Direction: NCLAT [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) has ruled that the CoC is empowered to modify the resolution plan in order to comply with the directions issued by the Supreme Court. While...
