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![Operational Creditor can only Trigger CIRP on Default in Payment: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Operational-Creditor-Trigger-CIRP-Default-in-Payment-NCLAT-CIRP-on-Default-in-Payment-taxscan.jpg "Operational Creditor can only Trigger CIRP on Default in Payment: NCLAT [Read Order]")
Operational Creditor can only Trigger CIRP on Default in Payment: NCLAT [Read Order]
The Appeal filed by the operational creditors was dismissed by the National Company Law Appellate Tribunal, Principal Bench, New Delhi (NCLAT), which...
![No Bar on Corporate Debtor from Contesting Application u/s 9 of IBC even in absence of Demand Notice: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/NCLAT-NCLAT-New-delhi-Corporate-Debtor-Section-9-of-IBC-TAXSCAN.jpg "No Bar on Corporate Debtor from Contesting Application u/s 9 of IBC even in absence of Demand Notice: NCLAT [Read Order]")
![Appeal abates once CIRP is initiated, IRP appointed and Resolution Plan is approved: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/CIRP-Initiation-Impact-on-Appeals-Appeal-CIRP-IRP-Resolution-Plan-CESTAT-taxscan.jpeg "Appeal abates once CIRP is initiated, IRP appointed and Resolution Plan is approved: CESTAT [Read Order]")
![Application u/s 9 of IBC Not allowable against a Solvent Company: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Application-IBC-Not-allowable-against-Solvent-Company-NCLAT-TAXSCAN.jpg "Application u/s 9 of IBC Not allowable against a Solvent Company: NCLAT [Read Order]")
NCLT allows Interlocutory Application to add Inkel Limited as Additional Corporate Debtor along with the Corporate Debor Seguro foundations [Read Order]
The National Company Law Tribunal (NCLT), Kerala allowed the Interlocutory Application under Section 9 of the Insolvency and Bankruptcy Code (&B Code) against M/s. Seguro Foundations and...
![NCLT allows Interlocutory Application to add Inkel Limited as Additional Corporate Debtor along with the Corporate Debor Seguro foundations [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/NCLT-Interlocutory-Application-Inkel-Limited-Additional-Corporate-Debtor-Corporate-Debor-Seguro-foundations-Taxscan.jpg "NCLT allows Interlocutory Application to add Inkel Limited as Additional Corporate Debtor along with the Corporate Debor Seguro foundations [Read Order]")
Claim of Investments cannot be considered as 'Operational Debt' under Insolvency and Bankruptcy Code: NCLT [Read Order]
The National Company Law Tribunal, New Delhi bench held that investment claim cannot be considered as ‘operational debt’ and the applicant is not an ‘operational creditor’ under section 9 of the...
