Objections Raised by Applicant of Resolution Process cannot be Entertained at Belated Stage After Sale has already been Confirmed: NCLT [Read Order]
The National Company Law Tribunal (NCLT), Mumbai Bench, in a recent case dismissed an application filed under section 60(5) of the Insolvency and...
No Liability on RP for payments to employees responsible for preserving and managing operations of Jet Airways: NCLAT [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) held that there is no liability on Resolution Professional ( RP ) for the lump sum payments made to employees who were part of...
Exclusion of stay period of CIRP Petition does not amount to Postponement of Insolvency Commencement date under IBC: NCLT [Read Order]
The Mumbai bench of the National Company Law Tribunal ( NCLT ) held that the exclusion of stay period of the Corporate Insolvency Resolution Process ( CIRP ) petition does not lead to postponement of...
![Exclusion of stay period of CIRP Petition does not amount to Postponement of Insolvency Commencement date under IBC: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/CIRP-NCLT-National-Company-Law-Tribunal-NCLT-Mumbai-Corporate-Insolvency-Resolution-Process-Insolvency-and-Bankruptcy-Code-taxscan.jpg "Exclusion of stay period of CIRP Petition does not amount to Postponement of Insolvency Commencement date under IBC: NCLT [Read Order]")
Application u/s 9 of Insolvency and Bankruptcy Code not Maintainable in absence of Strict Proof of Debt and Default: NCLT [Read Order]
The Mumbai Bench of the National Company Law Tribunal ( NCLT ) has held that the application under Section 9 of the Insolvency and Bankruptcy Code, 2016 ( IBC, 2016 ) for initiating a Corporate...
Allotment of Shares at Concessional Price is Oppressive Act qua Existing Members to whom no such Allotment made: NCLT [Read Order]
The Mumbai Bench of the National Company Law Tribunal (NCLT) observed that the allotment of shares at the concessional price is oppressive act qua existing members to whom no such allotment was made....
