Assets of Partnership Firm Not Amounts to Property of Personal Guarantor: NCLAT [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal (NCLAT), held that the assets held in the name of the partnership firm is not the...
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...
Lending Institutions Providing Loans to Homebuyers cannot be Treated as Financial Creditors Under IBC: NCLAT [Read Order]
In a recent case, the Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) held that lending institutions providing loans to homebuyers do not qualify as 'Financial Creditors' under...
![Lending Institutions Providing Loans to Homebuyers cannot be Treated as Financial Creditors Under IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/NCLAT-IBC-Insolvency-and-Bankruptcy-National-Company-Law-Appellate-Tribunal-Financial-Creditors-taxscan.jpg "Lending Institutions Providing Loans to Homebuyers cannot be Treated as Financial Creditors Under IBC: NCLAT [Read Order]")
Initiation of Assignment Agreement by Corporate Debtor is Malafide Act to Prolong CIRP: NCLAT upholds Decision of NCLT
While Upholding the decision of the National Company Law Tribunal ( NCLT ), the National Company Law Appellate Tribunal ( NCLAT ) held that Assignment Agreement initiated by the Corporate Debtor was...
![IBBI to Simplify CIRP Forms by Insolvency Professionals, releases Discussion Paper [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/IBBI-Insolvency-bankruptcy-CIRP-IPs-Insolvency-professionals-corporate-news-TAXSCAN-2.jpg "IBBI to Simplify CIRP Forms by Insolvency Professionals, releases Discussion Paper [Read Order]")
Hearing not mandated by Adjudicating Authority during Appointment of RP u/s 97(5) of IBC: NCLT [Read Notification]
The Delhi bench of the National Company Law Tribunal has held that a hearing is not mandated by the adjudicating authority during the appointment of a Resolution Professional ( RP ) under section...
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...
