Failure to file Avoidance Application by duty delegated person: IBBI Warns Insolvency Professional for Irresponsible Act
The Insolvency and Bankruptcy Board of India (IBBI) instructed IP Monitoring Division to keep his name on a continuous watch list for irresponsible...
![Interim Relief to MakeMyTrip: Delhi HC stays CCI imposed Penalty of over 223 Crores subject to Deposit of 10% [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Interim-Relief-MakeMyTrip-Delhi-HC-CCI-Penalty-taxscan.jpg "Interim Relief to MakeMyTrip: Delhi HC stays CCI imposed Penalty of over 223 Crores subject to Deposit of 10% [Read Order]")
![NCLAT condones delay of 147 days on Late Filing of Appeal due to Bonafide litigious activity [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/NCLAT-condones-delay-Filing-of-Appeal-taxscan.jpg "NCLAT condones delay of 147 days on Late Filing of Appeal due to Bonafide litigious activity [Read Order]")
No Requirement of Consent of Secured Creditors for Amalgamation when Net Worth of Transferor and Transferee is highly positive: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT), ruled that No requirement of consent of secured creditors for Amalgamation when Net Worth of transferor and transferee is...
![No Requirement of Consent of Secured Creditors for Amalgamation when Net Worth of Transferor and Transferee is highly positive: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Consent-of-Secured-Creditors-Amalgamation-Transferor-Net-Worth-of-Transferor-Transferee-NCLAT-taxscan.jpg "No Requirement of Consent of Secured Creditors for Amalgamation when Net Worth of Transferor and Transferee is highly positive: NCLAT [Read Order]")
NCLAT issues Notice to Make My Trip, GoIbibo in Appeal against Penalty imposed by CCI on OYO [Read Order]
The Principal Bench of the National Company Law Appellate Tribunal (NCLAT) recently admitted the appeal of Oravel Stays Limited ( OYO ) against the imposition of penalty by the Competition Commission...
![NCLAT issues Notice to Make My Trip, GoIbibo in Appeal against Penalty imposed by CCI on OYO [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/NCLAT-Notice-NCLAT-issues-Notice-GoIbibo-Penalty-CCI-OYO-taxscan.jpg "NCLAT issues Notice to Make My Trip, GoIbibo in Appeal against Penalty imposed by CCI on OYO [Read Order]")
Section 9 application under IBC can be rejected when there is pre-existing dispute: NCLAT [Read Order]
The Principal Bench of the National Company Law Appellate Tribunal ( NCLAT ), New Delhi held that Section 9 application under Insolvency and Bankruptcy Code ( IBC ) can be rejected when there is...
![Section 9 application under IBC can be rejected when there is pre-existing dispute: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/IBC-pre-existing-dispute-NCLAT-taxscan.jpg "Section 9 application under IBC can be rejected when there is pre-existing dispute: NCLAT [Read Order]")
No Prohibition of appearance of Advocate in representing different Company, in separate proceedings u/s 7 IBC: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT), held that there is No prohibition of appearance of Advocate in representing different company, in separate proceedings...
![No Prohibition of appearance of Advocate in representing different Company, in separate proceedings u/s 7 IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/IBC-NCLAT-taxscan-1.jpg "No Prohibition of appearance of Advocate in representing different Company, in separate proceedings u/s 7 IBC: NCLAT [Read Order]")
Filing of IA in same proceeding, dismissed as withdrawn on request by Appellant: NCLAT denies benefit of Sec 14 Limitation Act [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT), denied benefit of Setion 14 of the Limitation Act on the ground that an Interlocutory Application (IA) was filed in the...
![Filing of IA in same proceeding, dismissed as withdrawn on request by Appellant: NCLAT denies benefit of Sec 14 Limitation Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/IA-Appellant-NCLAT-Limitation-Act-taxscan.jpg "Filing of IA in same proceeding, dismissed as withdrawn on request by Appellant: NCLAT denies benefit of Sec 14 Limitation Act [Read Order]")
Guarantor shall pay off Debt on Default of Payment to Financial Creditor IL&FS: NCLAT upholds Order of Liquidation [Read Order]
The Principal Bench of the National Company Law Appellate Tribunal (NCLAT) recently held that the guarantor is obligated to pay off the dues of the Corporate Debtor, Infrastructure Leasing &...
![Guarantor shall pay off Debt on Default of Payment to Financial Creditor IL&FS: NCLAT upholds Order of Liquidation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Debt-Payment-Financial-Creditor-ILFS-NCLAT-Liquidation-taxscan.jpg "Guarantor shall pay off Debt on Default of Payment to Financial Creditor IL&FS: NCLAT upholds Order of Liquidation [Read Order]")
Reliance Commercial Finance Ltd may revive IRP application if debt is not repaid by Corporate Debtor in 45 Days: NCLAT [Read Order]
The National Company Law Appellate Tribunal,( NCLT ) Principal Bench at New Delhi has held that no interferences can be made in the proceedings of the Adjudicating Authority and that the...
![Reliance Commercial Finance Ltd may revive IRP application if debt is not repaid by Corporate Debtor in 45 Days: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Reliance-Commercial-Finance-Ltd-IRP-Corporate-Debtor-NCLAT-taxscan.jpg "Reliance Commercial Finance Ltd may revive IRP application if debt is not repaid by Corporate Debtor in 45 Days: NCLAT [Read Order]")