![Suspension of CIRP u/s 10A of IBC applies to Due Defaulted on 31/3/2020: NCLAT allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Suspension-of-CIRP-CIRP-IBC-NCLAT-allows-Appeal-NCLAT-Appeal-Suspension-Taxscan.jpg "Suspension of CIRP u/s 10A of IBC applies to Due Defaulted on 31/3/2020: NCLAT allows Appeal [Read Order]")
Suspension of CIRP u/s 10A of IBC applies to Due Defaulted on 31/3/2020: NCLAT allows Appeal [Read Order]
The Chennai bench of the National Company Law Appellate Tribunal( NCLAT ) held that the Suspension of Corporate Insolvency Resolution Process (CIRP)...
![RP not Entitled to Fees Beyond Sum already Received Since Insolvency Proceedings was Withdrawn: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/RP-Entitled-Sum-Received-Since-Insolvency-Withdrawn-NCLAT-TAXSCAN.jpg "RP not Entitled to Fees Beyond Sum already Received Since Insolvency Proceedings was Withdrawn: NCLAT [Read Order]")
![Insolvency Proceedings on Personal Guarantor of Corporate Debtor can be initiated when no CIRP is pending before NCLT: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Insolvency-Proceedings-Personal-Guarantor-of-Corporate-Debtor-CIRP-Corporate-Debtor-NCLT-NCLAT-taxscan.jpg "Insolvency Proceedings on Personal Guarantor of Corporate Debtor can be initiated when no CIRP is pending before NCLT: NCLAT [Read Order]")
The settlement Entered by KNCEL and NHAI for Foreclosure of Concession Agreement relating to Kiratpur was in Accordance with Approved Resolution Framework about ILF&S: NCLAT
The Delhi bench of the National Company Law Appellate Tribunal(NCLAT) has held that settlement entered by Kiratpur Ner Chowk Expressway Limited (KNCEL) and National Highways Authority of India (NHAI)...
NCLAT dismisses Appeal of RP in absence of Irregularities in Provisions of Resolution Plan u/s 30(2) of Insolvency and Bankruptcy Code [Read Order]
The Chennai bench of the National Company Law Appellate Tribunal(NCLAT) dismissed the appeal of Resolution Professional (RP) in the absence of irregularities in provisions of the resolution...
Submission of Forged Document for Unlawful Benefit on Judicial Side: NCLAT Remits Mater to Adjudicating Authority [Read Order]
“Once the Adjudicating Authority has noticed that MOUs which were brought on record before the NCLT by the appellant were forged one, in that event the whole claim of the appellant was required to...
Payments Made by Allottees to Ex-Directors Not Reflected in Records of CD: NCLAT directs RP to Admit Claims of Allottees [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal (NCLAT) directed the Resolution Professional (RP)to admit the claims of allottees since the payments made by allottees to Ex directors...
Monetary Relief on Fraud Committed by Oppression and Mismanagement can only be granted by NCLT u/s 242 of Companies Act: NCLAT
In a recent ruling, the Delhi bench of the National Company Law Appellate Tribunal (NCLAT) monetary relief on fraud committed by oppression and mismanagement can only be granted by National Company...
Dues Payable to Secured Creditors are at Higher Footing Than Electricity Dues: Supreme Court [Read Judgment]
The Supreme Court has held that dues payable to secured creditors are at a higher footing than electricity dues and ruled that Section 238 of the Insolvency and Bankruptcy Code overrides the...
![Dues Payable to Secured Creditors are at Higher Footing Than Electricity Dues: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2023/07/Dues-Payable-Secured-Creditors-Higher-Footing-Electricity-Dues-Supreme-Court-TAXSCAN.jpg "Dues Payable to Secured Creditors are at Higher Footing Than Electricity Dues: Supreme Court [Read Judgment]")
IRP/RP/Liquidator cannot Provide for IT except under S. 53 of IBC in Absence of Separate Account for PF: NCLT [Read Order]
The National Company Law Tribunal (NCLT), Mumbai Bench has held that if the corporate debtor (CD) failed to keep a separate account for the Provident Fund (PF), the Insolvency Resolution...
