![Suspended management is unable to release corporate debtor funds after Comencement of CIRP without IRP authorization: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/09/500x300_2041750-nclat-corporate-debtor-nclat-new-delhi-taxscan.webp "Suspended management is unable to release corporate debtor funds after Comencement of CIRP without IRP authorization: NCLAT [Read Order]")
Suspended management is unable to release corporate debtor funds after Comencement of CIRP without IRP authorization: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) held that the suspended management of the Corporate Debtor is also...
![CoC Abstention from Voting on Resolution Plan Leads to Liquidation: NCLAT Upholds NCLT’s Decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/CoC-Abstention-Voting-Resolution-Plan-Leads-Liquidation-NCLAT-NCLTs-Decision-taxscan.jpg "CoC Abstention from Voting on Resolution Plan Leads to Liquidation: NCLAT Upholds NCLT’s Decision [Read Order]")
![Delhi HC reduces Suspension Period Imposed by IBBI Disciplinary Committee on Insolvency Professional [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Delhi-HC-Reduces-Suspension-Period-Imposed-by-IBBI-IBBI-taxscan.jpg "Delhi HC reduces Suspension Period Imposed by IBBI Disciplinary Committee on Insolvency Professional [Read Order]")
![Approved Resolution Plan Cannot be Reopened based on Belatedly agitated Claims: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Approved-Resolution-Plan-Reopened-Belatedly-Claims-NCLAT-TAXSCAN.jpg "Approved Resolution Plan Cannot be Reopened based on Belatedly agitated Claims: NCLAT [Read Order]")
![Excise Order against Liquidated Company is not sustainable: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Excise-Order-Liquidated-Company-sustainable-CESTAT-taxscan.jpg "Excise Order against Liquidated Company is not sustainable: CESTAT [Read Order]")
NCLAT uphold Resolution Plan In absence of irregularity in conduct of CIRP Proceedings [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) upheld the resolution plan in absence of irregularity in the conduct of Corporate Insolvency Resolution Proceedings ( CIRP...
![NCLAT uphold Resolution Plan In absence of irregularity in conduct of CIRP Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/NCLAT-Resolution-Plan-CIRP-proceedings-NCLAT-New-Delhi-CIRP-NCLAT-news-NCLAT-updates-taxscan.jpg "NCLAT uphold Resolution Plan In absence of irregularity in conduct of CIRP Proceedings [Read Order]")
NCLAT directs Payment of Rs.6.49 Lakh to IRP u/s 7 of IBC for Additional 53 Days of Service beyond initial term [Read Order]
The Chennai Bench of the National Company Law Appellate Tribunal ( NCLAT ) directed Canara Bank to pay Rs.6.49 lakh to the appellant, the Interim Resolution Professional ( IRP ) under Section 7 of...
Section 43 Of IBC cannot be Attracted in Absence of Transaction made by Corporate Debtor: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that section 43 of the code can be attracted only when the transaction in question is made by the corporate...
![Section 43 Of IBC cannot be Attracted in Absence of Transaction made by Corporate Debtor: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Section-43-Section-43-Of-IBC-IBC-Cannot-Be-Attracted-Absence-of-Transaction-Made-By-Corporate-Debtor-NCLAT-Corporate-Debtor-NCLAT-NCLAT-taxscan.jpg "Section 43 Of IBC cannot be Attracted in Absence of Transaction made by Corporate Debtor: NCLAT [Read Order]")
Petition filed u/s 94 of IBC does not Preclude Financial Creditor’s Right to Seeking Replacement of RP: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) held that petition filed under section 94 of the Insolvency Bankruptcy Code ( IBC ), 2016 by personal guarantor through...
![Resolution Professional Becomes Functus Officio After Approval of Plan under IBC: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Resolution-Professional-Functus-Officio-IBC-NCLT-taxscan.jpg "Resolution Professional Becomes Functus Officio After Approval of Plan under IBC: NCLT [Read Order]")
CoC can Liquidate Corporate Debtor In Absence of Approved Resolution Plan Before Adjudicating Authority Within Statutory CIRP Period: NCLAT [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) held that as per section 33 of the Insolvency and Bankruptcy Code, 2016 ( IBC ) empowers the Committee of Creditors ( CoC ) to decide to...
