IBC Overrides Provisions of Andhra Pradesh Revenue Recovery Act: NCLT [Read Order]
The Hyderabad bench of the National Company Law Tribunal ( NCLT ) has held that Insolvency Bankruptcy Code ( IBC ), 2016 overrides provisions of the...
Madras HC Rejects Indian Startups' appeals on Google's App Billing; Directs no delisting of applications for 3 weeks
The Madras High Court dismissed appeals lodged by Indian startups challenging Google's app billing policy marks a significant development in the ongoing legal saga. Despite the dismissal, the court...
Claim on Goods not in Possession of Port Authority cannot be treated as Secured Creditor under IBC: NCLAT
The Chennai Bench of the National Company Law Appellate Tribunal ( NCLAT ) ruled that the claim on goods not in possession of port authority cannot be treated as secured creditor under the Insolvency...
NCLAT cannot Direct NCLT to Admit Petition u/7 of IBC without Evaluating Rival Contentions on Merits: SC [Read Order]
In a recent decision the Supreme Court of India ruled that the National Company Law Appellate Tribunal (NCLAT) cannot direct the National Company Law Tribunal (NCLT) to admit petition under Section 7...
Power vested on RP u/s 25(1) of IBC to Reject CoC's Proposal for Renewal of Bank Guarantees by CD: NCLAT
The Chennai Bench of the National Company Law Appellate Tribunal (NCLAT) observed that power is vested on Resolution Professional under Section 25(1) of the Insolvency and Bankruptcy Code, 2016 (IBC)...
Incorrect Classification of Claim as Secured Debt by Insolvency Professional: IBBI Directs to Undergo Pre-Registration Educational Course
While deciding the case on the allegation of incorrect classification of claim as secured debt by an Insolvency Professional (IP), the Insolvency and Bankruptcy Board of India(IBBI) directed...
