Creditors can Initiate Insolvency Proceedings against Personal Guarantors via RP as per Section 95(1) of IBC: NCLAT
The Delhi bench of National Company Law Appellate Tribunal ('NCLAT') held that creditors can initiate insolvency proceedings against personal...
Parties Approaching Judges Regularly, says Justice Sharad Kumar Sharma, recuses from hearing a case before NCLAT [Read Order]
Justice Sharad Kumar Sharma, a judge at the National Company Law Appellate Tribunal ( NCLAT ) in Chennai, stepped down from a recent case. He recused from the hearing as the parties involved in the...
![Parties Approaching Judges Regularly, says Justice Sharad Kumar Sharma, recuses from hearing a case before NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Justice-Sharad-Kumar-Sharma-Sharad-Kumar-Sharma-NCLAT-taxscan.jpg "Parties Approaching Judges Regularly, says Justice Sharad Kumar Sharma, recuses from hearing a case before NCLAT [Read Order]")
Application for Insolvency Proceedings against Corporate Debtor for Financial Debt and Default: NCLT admits Application [Read Order]
In a recent case, the National Company Law Tribunal ( NCLT ) admitted the has application for insolvency proceedings against a corporate debtor for financial debt and default. The Tribunal initiated...
Corporate Entity Starts in Clean State on Rejuvenation on Approval of Resolution Plan by NCLT: Calcutta HC [Read Order]
The Calcutta High Court held that after the insolvency proceeding is over and the resolution plan is duly approved by the National Company Law Tribunal ( NCLT ), the corporate entity starts with a...
CESTAT abates Appeal under Rule 22 of CESTAT Procedure Rules as No Application made by Liquidator on Continuance of Appeal [Read Order]
The Allahabad bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) abated the appeal under Rule 22 of the Custom, Excise & Service Tax Appellate Tribunal Procedure Rules,...
![CESTAT abates Appeal under Rule 22 of CESTAT Procedure Rules as No Application made by Liquidator on Continuance of Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/CESTAT-CESTAT-Allahabad-CESTAT-Procedure-Rules-Customs-Excise-Service-Tax-Appellate-Tribunal-Tax-news-Taxscan.jpg "CESTAT abates Appeal under Rule 22 of CESTAT Procedure Rules as No Application made by Liquidator on Continuance of Appeal [Read Order]")
NCLT has Supervisory Role when Statutory Requirements of Amalgamation Scheme satisfied: NCLAT [Read Order]
The Principal Bench of the National Company Law Appellate Tribunal (NCLAT) held that the National Company Law Tribunal (NCLT) has supervisory role when statutory requirements of amalgamation scheme...
Adjudicating Authority can Proceed for Exparte as per Rule 49 of NCLT Rules when CD not Appear: NCLAT [Read Order]
The National Company Law Appellate Tribunal ('NCLAT') in a recent case,held that Rule 49 of National Company Law Tribunal ( NCLT ) Rules, 2016 gives ample jurisdiction to the Adjudicating Authority...
