S.10A of IBC cannot be considered Valid Defence on Establishment of Valid Default Date: NCLAT [Read Order]
The Principal bench of the National Company Law Appellate Tribunal ( NCLAT ), held that section 10 A of the Insolvency Bankruptcy Code ( IBC ) cannot...
Adjudicating Authority have Inherent Power to Recall Its Judgement But Has No Power To Review: NCLAT [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) has held that adjudicating authority have inherent power to recall its judgement but has no power to review. The Tribunal clarified that the...
SC Orders Escrowed 158 Crore in Byju’s matters to be Deposited with CoC, observes CIRP Violations in NCLAT Order [Read Judgement]
The Supreme Court of India delivered a notable judgment setting aside the ruling of the National Company Law Appellate Tribunal (NCLAT) in the insolvency proceedings against Ed-Tech giant Byju’s,...
Litigant who does not Apply for Certified Copy cannot Claim Benefit of Limitation Period: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal, Principal ( NCLAT ) has held that the litigant who does not apply for the certified copy cannot then fall back and claim that he...
CIRP cannot be Initiated Against Jaypee Healthcare Ltd After Full Settlement of Financial Creditors' Claims: NCLAT [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) has set aside the Corporate Insolvency Resolution Process ( CIRP ) initiated against Jaypee Healthcare Limited after the...
RP cannot accept any claim after Lapse of Extended Period of 90 days of Insolvency Commencement Date: NCLAT [Read Order]
In a significant case, the Principal bench of National Company Law Appellate Tribunal ( NCLAT ), held that Resolution Professional ( RP ) cannot accept any claim after the lapse of extended period of...
