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...
![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...
Lein in Corporate Debtor prior to CIRP cannot continue after Moratorium imposed u/s 14of IBC: NCLAT [Read Order]
The National Company Law Tribunal (NCLT), Mumbai Bench, has held that the lien created on the Corporate Debtor’s account prior to initiation of the Corporate Insolvency Resolution Process (“CIRP”)...
NCLT Suspended Director of GK Steel and Allied Industries without allowing hearing: NCLAT orders Re-adjudication [Read Order]
The National Company Law Appellate Tribunal (NCLAT) directed the re-adjudication since the National Company Law Tribunal (NCLT) suspended the director of GK Steel and Allied Industries without...
No Modification/Alteration can be Called under IBC after Approval of Resolution Plan of CoC and Before Approval by Adjudicating Authority: NCLAT [Read Order]
The National Company Law Appellate Tribunal(NCLAT) has held that no modification/alteration can be called under the Insolvency and Bankruptcy Code (IBC), 2016 after approval of the resolution plan of...
![Delay for Claim under CIRP without any Valid Ground: NCLAT refuse to Condones Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Delay-Claim-under-CIRP-NCLAT-Condones-Delay-Delay-for-Claim-under-CIRP-NCLAT-refuse-to-Condones-Delay-taxscan.jpg "Delay for Claim under CIRP without any Valid Ground: NCLAT refuse to Condones Delay [Read Order]")
