NCLAT Overturns Rs.55,000 Penalty On Mudra Denim Lenders States they were not responsible for the delay in the insolvency process A three-member Mumbai bench of the National Company Law...
NCLT Initiates CIRP Against Raheja Developers Over 40 buyers claimed a default of Rs.112.90 crore against the realtor The National Company Law Tribunal (NCLT) has initiated insolvency...
Initiating Tax Proceedings After CIRP Approval Violates Section 31 IBC: Bombay High Court The Bombay High Court recently addressed a writ petition filed by Uttam Value Steels Ltd. and Subodh...
NCLAT Upholds Resolution Plan Allowing NIL Payments To Operational Creditors In Liquidation The National Company Law Appellate Tribunal (NCLAT) upheld a resolution plan that proposed zero payments to...
IBBI Circular Mandates Insolvency Professionals To File Forms For Monitoring Voluntary Liquidation Processes on Electronic Platform The Insolvency and Bankruptcy Board of India (IBBI) issued a...
Homebuyers' Plea For Insolvency Against Ansal Hi-Tech Dismissed By NCLAT The National Company Law Appellate Tribunal (NCLAT) has rejected a plea filed by homebuyers of a Greater Noida project,...
Supreme Court: Resolution Applicant Cannot Withdraw Or Modify CoC-Approved IBC Resolution Plan The Supreme Court has reaffirmed that once a resolution plan receives approval from the Committee of...
NCLT-Mumbai Orders Corporate Insolvency Resolution Process Against Sporta Technologies, Owner of Dream 11 On February 9, the Mumbai branch of the National Company Law Tribunal (NCLT) accepted a...
NCLT Delhi Accepts Petition, Initiates Insolvency Proceedings for Imperia Structures Ltd. The National Company Law Tribunal (NCLT), New Delhi Bench, consisting of Mahendra Khandelwal (Judicial...
NCLT Mumbai Admits Petition against Sahara India Medical Institute, Initiates Insolvency Process The National Company Law Tribunal (NCLT) in Mumbai, consisting of Kishore Vemulapalli (Judicial...
NCLT: Section 30(4) of IBC Does Not Impose Mandate on COC to Distribute Payments to Creditors Based on Value of Security The National Company Law Tribunal, (NCLT), Hyderabad bench has observed that...
Insufficient stamping of documents and the IBC : The interplay Over the past few years, the constant interaction between Insolvency & Bankruptcy Code, 2016 ("IBC/Code") and the Indian Stamp...
