Petition u/s 7 of IBC has to be admitted when Debt And Default are Satisfied: NCLAT allows appeal of Canara Bank [Read Order]
In a ruling in favour of Canara Bank, the New Delhi bench of National Company Law Appellate Tribunal ( NCLAT ) held that a petition under section 7...
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 be considered valid defence on establishment of...
Eligibility /Ineligibility of Successful Resolution Applicant u/s 29A of IBC must be based on Date of Submission of Resolution Plan: NCLAT [Read Order]
The Delhi bench of National Company Law Appellate Tribunal ( NCLAT ) held that the eligibility/ineligibility of Successful Resolution Applicant under section 29A of the Insolvency and...
Dept of Expenditure does not qualify as an "enterprise": NCLAT dismisses TAAI's allegations of Anti-Competitive Practices [Read Order]
The New Delhi National Company Law Appellate Tribunal ( NCLAT ) has held that the Department of Expenditure, Government of India does not qualify as an "enterprise" under Section 2(h) of the...
Dissenting Financial Creditor only entitled to Liquidation Value of Secured Interest u/s 30(2)(b) of IBC: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) has held that as per Section 30(2)(b) of the Insolvency and Bankruptcy Code, 2016, a dissenting financial creditor is only...
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...
