![Vedanta Demerger in Trouble as NCLT Strikes Down Talwandi Sabo Power’s Scheme over Financial Non-Disclosure [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/NCLT-Vedanta-Demerger-Talwandi-Sabo-Powers-Scheme-taxscan.jpg "Vedanta Demerger in Trouble as NCLT Strikes Down Talwandi Sabo Power’s Scheme over Financial Non-Disclosure [Read Order]")
Vedanta Demerger in Trouble as NCLT Strikes Down Talwandi Sabo Power’s Scheme over Financial Non-Disclosure [Read Order]
The Mumbai Bench of the National Company Law Tribunal ( NCLT ) rejected the Scheme of Arrangement involving Talwandi Sabo Power Limited ( TSPL ), a...
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 Bankruptcy Code (IBC) by a prospective bidder in...
Claims not included in Approved Resolution Plan are Extinguished: Karnataka HC rules In Favour of Patanjali [Read Order]
The division bench of the Karnataka High Court in a ruling in favour of Patanjali foods limited, has held that Claims not included in approved resolution plan are extinguished. It...
NCLT Rules Resolution Applicants Not Liable for Post-Plan Approval Costs Excluded from Corporate Debtor's Financial Records [Read Order]
In a significant ruling, the National Company Law Tribunal ( NCLT ) of Mumbai bench has held that no liability can be imposed on the Successful Resolution Applicant after the approval of the plan by...
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]")