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...
![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....
NCLT allows Exclusion of 116 Days from CIRP Period due to Criminal Proceedings on Plea by ND Studio's RP
The Mumbai Bench of the National Company Law Tribunal ( NCLT ) allowed the 116 Days from the corporate insolvency resolution process ( CIRP ) period due to criminal proceedings on plea by ND Studio's...
CIRP Can be Initiated against Corporate Debtor even on Principal-Agent Relationship between CD and Client: NCLT
The Mumbai Bench of the National Company Law Tribunal ( NCLT ) held that the Corporate Insolvency Resolution Process ( CIRP ) can be initiated against corporate debtor ( CD ) even on principal-agent...
