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...
![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 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]](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...
Creditors can’t Initiate Proceedings to Recover Claims not a part of Resolution Plan: Supreme Court [Read Judgment]
The Supreme Court while upholding the “Clean Slate Theory” ruled that creditors can not initiate Proceedings to recover claims not a part of the Resolution Plan. The issue raised in this case was...
![Creditors can’t Initiate Proceedings to Recover Claims not a part of Resolution Plan: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/04/Creditors-Resolution-Plan-Supreme-Court-Taxscan-opengraph.jpeg "Creditors can’t Initiate Proceedings to Recover Claims not a part of Resolution Plan: Supreme Court [Read Judgment]")
Principal Borrower need not be 'Corporate Person' for Insolvency Process to be initiated against Corporate Guarantor: Supreme Court [Read Judgment]
The Supreme Court ruled that the Insolvency Process Maintainable Against Corporate Guarantors even if the principal borrower is not a 'Corporate Person'. The respondent bank, Union Bank of India...
![Principal Borrower need not be Corporate Person for Insolvency Process to be initiated against Corporate Guarantor: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Principal-borrower-corporate-person-insolvency-process-Corporate-Guarantor-Supreme-Court-taxscan.jpeg "Principal Borrower need not be Corporate Person for Insolvency Process to be initiated against Corporate Guarantor: Supreme Court [Read Judgment]")
![Ex-promoters ineligible to suggest Revival Scheme under Companies Act: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Ex-promoters-Companies-Act-Supreme-Court-Taxscan.jpeg "Ex-promoters ineligible to suggest Revival Scheme under Companies Act: Supreme Court [Read Judgment]")
Interest Free Loan could not be treated as a Financial Debt without evidence that the amount was disbursed for time Value of Money: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has ruled that Interest free loan could not be treated as a Financial Debt without evidence that the amount was disbursed for time value of money. ...
![Interest Free Loan could not be treated as a Financial Debt without evidence that the amount was disbursed for time Value of Money: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Financial-Debt-NCLAT-Interest-free-loan-time-value-of-money-Taxscan.jpg "Interest Free Loan could not be treated as a Financial Debt without evidence that the amount was disbursed for time Value of Money: NCLAT [Read Order]")
Moratorium order under Section 14 IBC bars parallel proceedings against Corporate Debtor: SC [Read Judgment]
The Supreme Court ruled that the Moratorium order under Section 14 IBC bars parallel proceedings against Corporate Debtors under Section 138 of Negotiable Instruments Act. The National Company Law...
NCLAT: Period of Judicial Intervention to be excluded while counting and computing the period of CIRP [Read Order]
The National Company Law Appellate Tribunal (NCLAT) New Delhi has ordered that period of judicial intervention is justifiably required to be excluded while counting and computing the period of...
![NCLAT: Period of Judicial Intervention to be excluded while counting and computing the period of CIRP [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/NCLAT-Judicial-Intervention-period-of-CIRP-Taxscan.jpg "NCLAT: Period of Judicial Intervention to be excluded while counting and computing the period of CIRP [Read Order]")