Information Memorandum prepared based on Resolution Plan Submitted & Approved by CoC cannot be modified: NCLAT
The New Delhi bench of National Company Law Appellate Tribunal ( NCLAT ) has held that the Information Memorandum prepared by the Resolution...
CCI to Investigate Google for Anti-Competitive Practices in Gaming Sector following Winzo's Complaint
The Competition Commission of India ( CCI ) initiated an investigation into Google and its affiliates for alleged anti-competitive practices in the listing of real-money gaming ( RMG ) apps on the...
Proceedings u/s 61 of IBC cannot be Instituted by Official Liquidator to Challenge Directions by IBBI: NCLAT [Read Order]
The Chennai bench of the National Company Law Appellate Tribunal dismissed an appeal filed by the Liquidator of the Corporate Debtor M/s RLS Alloys Pvt. Ltd stating that the Liquidator cannot...
Corporate Debtor not fall under “Aggrieved Party”, Appeal Filed u/s 61 of IBC not Maintainable: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) ruled that a shareholder of the company is not the “aggrieved party” as per the provisions of the Code therefore appeal...
Recall Notice issued during Cut-Off Period Specified u/s 10A doesn't Defer Date of Default If Default Occurred before Cut-Off Period: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT), New Delhi has held that recall notice issued during cut-off period specified under section 10A of the Insolvency Bankruptcy Code (IBC), 2016...
Settlement Proposal u/s 12A of IBC cannot be considered by CoC after Approval of Resolution Plan: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT) ruled that a settlement proposal under Section 12A of the Insolvency Bankruptcy Code ( IBC ), 2016 cannot be put before...
Failure to Implement Resolution Plan even after 5 years: Supreme Court Orders Liquidation of Jet Airways [Read Judgement]
In a significant ruling, the Supreme Court invoked its extraordinary powers under Article 142 of the Constitution to order the liquidation of Jet Airways in the circumstance that the resolution plan...
