NCLAT Permits Participation of Erstwhile Promoter In CIRP Despite CoC's Disqualification
The National Company Law Appellate Tribunal (NCLAT) permitted participation of erstwhile promoter in Corporate Insolvency Resolution Process ( CIRP)...
Legitimate Claim of Creditors cannot be Defeated Using Moratorium as Shield: NCLT Rules on Punjab National Bank Case
In a ruling of Punjab National Bank Chandigarh Bench of the National Company Law Tribunal ( NCLT ) while admitting an insolvency petition under section 95 of the Insolvency and Bankruptcy...
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...
