Failure to prove Security Interest created in Assets of Corporate Debtor in Favor of PMC Bank: NCLAT upholds approval of Resolution Plan [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) while upholding the resolution plan passed by the adjudicating authority...
Power vested on RP u/s 25(1) of IBC to Reject CoC's Proposal for Renewal of Bank Guarantees by CD: NCLAT
The Chennai Bench of the National Company Law Appellate Tribunal (NCLAT) observed that power is vested on Resolution Professional under Section 25(1) of the Insolvency and Bankruptcy Code, 2016 (IBC)...
IBBI clarifies requirement of Declaration in Part IV of Form C by RP while filing Insolvency Application of Creditor [Read Order]
The Insolvency and Bankruptcy Board of India (IBBI) has issued a crucial clarification for all registered insolvency professionals regarding the submission of particulars and declarations in...
![IBBI clarifies requirement of Declaration in Part IV of Form C by RP while filing Insolvency Application of Creditor [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/IBBI-Insolvency-Application-Declaration-requirements-Registered-insolvency-professionals-Form-C-Declaration-Creditor-TAXSCAN.jpg "IBBI clarifies requirement of Declaration in Part IV of Form C by RP while filing Insolvency Application of Creditor [Read Order]")
Belated Submission of Claims to Liquidator due to Medical Difficulty of Officer in Charge: NCLT Condones 92 Days Delay [Read Order]
The Mumbai Bench of the National Company Law Tribunal (NCLT)condoned 92 days delay as the liquidators delayed to submit claims due to medical difficulty of officer in charge. The Department of...
Plea Challenging Constitutional Validity of Provisions on Resolution Professional: Bombay HC issues Notice to Attorney General of India [Read Order]
A Division Bench of the Bombay High Court issued notice to the Attorney General of India, R. Venkataramani, in a plea challenging the constitutional validity of provision on Resolution...
Payments Made by Allottees to Ex-Directors Not Reflected in Records of CD: NCLAT directs RP to Admit Claims of Allottees [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal (NCLAT) directed the Resolution Professional (RP)to admit the claims of allottees since the payments made by allottees to Ex directors...
