![NCLAT not Empowered to condone delay exceeding 15 days from Period of 30 days under the provision of IBC: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/09/NCLAT-IBC-Supreme-Court-Limitation-Period-Taxscan.jpeg "NCLAT not Empowered to condone delay exceeding 15 days from Period of 30 days under the provision of IBC: Supreme Court [Read Judgment]")
NCLAT not Empowered to condone delay exceeding 15 days from Period of 30 days under the provision of IBC: Supreme Court [Read Judgment]
The Supreme Court held that the National Company Law Appellate Tribunals (NCLAT) are not empowered to condone delay exceeding 15 days from the period...
![NCLAT expunges all Unsavory observations, comments made by Amaravati Bench of NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/08/NCLAT-unsavoury-observations-Amaravati-Bench-of-NCLT-Taxscan.jpg "NCLAT expunges all Unsavory observations, comments made by Amaravati Bench of NCLT [Read Order]")
![Relief to DHFL’s Lenders: NCLAT refuses to grant Interim Stay on Piramals Resolution Plan [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/07/DHFLs-Lenders-NCLAT-grant-Interim-Stay-Piramals-Resolution-Plan-Taxscan.jpeg "Relief to DHFL’s Lenders: NCLAT refuses to grant Interim Stay on Piramals Resolution Plan [Read Order]")
Sole Decision of Related Parties Financial Creditors Could Be Fatal for Existence of Corporate Debtor: NCLAT quashes Liquidation Proceedings
The National Company Law Appellate Tribunal (NCLAT), Delhi Bench while quashing the Liquidation Proceedings ruled that the sole decision of related parties Financial Creditors could be fatal for the...
Supply of Electricity for Running of Corporate Debtor’s office constitutes part of CIRP Costs, to be recovered when RP is approved: NCLAT
The National Company Law Appellate Tribunal (NCLAT), Delhi Bench ruled that the Supply of Electricity for running of Corporate Debtor’s office constitutes the part of CIRP Costs which can be...
Creditors can't initiate proceedings to Recover Claims which are not part of approved Resolution Plan under IBC: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Chennai Bench ruled that Creditors cannot initiate proceedings to recover claims which are not part of the approved resolution plan. The...
![Creditors cant initiate proceedings to Recover Claims which are not part of approved Resolution Plan under IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Creditors-IBC-NCLAT-Taxscan.jpg "Creditors cant initiate proceedings to Recover Claims which are not part of approved Resolution Plan under IBC: NCLAT [Read Order]")
NCLT can't direct Invitation of fresh bids from Resolution applicants once Resolution Plan is approved by CoC: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has ruled that the NCLT (National Company Law Tribunal) cannot direct for invitation of fresh bids from resolution applicants once the plan for...
![NCLT cant direct Invitation of fresh bids from Resolution applicants once Resolution Plan is approved by CoC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/NCLT-Invitation-of-fresh-bids-from-resolution-applicants-resolution-plan-CoC-NCLAT-taxscan.jpg "NCLT cant direct Invitation of fresh bids from Resolution applicants once Resolution Plan is approved by CoC: NCLAT [Read Order]")
![MSME certificate required to take benefit under Section 240A of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/MSME-certificate-Section-240A-of-IBC-NCLAT-Taxscan.jpg "MSME certificate required to take benefit under Section 240A of IBC: NCLAT [Read Order]")
Balance sheets can amount to Acknowledgment of Debts under Section 18 of Limitation Act: Supreme Court sets aside NCLAT’s Ruling [Read Judgment]
The Supreme Court recently set aside NCLAT’s Ruling in the case of V Padmakumar v. Stressed Assets Stabilization Fund and held that balance sheets can amount to an acknowledgment of debts under...
![Balance sheets can amount to Acknowledgment of Debts under Section 18 of Limitation Act: Supreme Court sets aside NCLAT’s Ruling [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/04/Balance-sheets-acknowledgment-of-debts-Section-18-of-Limitation-Act-Supreme-Court-NCLATs-Ruling-Taxscan.jpg "Balance sheets can amount to Acknowledgment of Debts under Section 18 of Limitation Act: Supreme Court sets aside NCLAT’s Ruling [Read Judgment]")
NCLAT upheld rejection of application for initiation of Corporate Insolvency Resolution process by Operational Creditor
The National Company Law Appellate Tribunal (NCLAT), Delhi Bench upheld the rejection of application for initiation of corporate insolvency resolution process by operational creditor. The...
