CESTAT Becomes ‘Functus Officio’ in Appeal Matters Where Resolution Plan is Approved by the NCLT The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Mumbai Bench, has held that from the...
NCLT: Financiers by Virtue of Discounting of Invoices of the Corporate Debtor become Operational Creditors The National Company Law Tribunal (NCLT), Bengaluru by its division member bench of T....
Supreme Court Upheld NCLAT’s Interim Directions of Limiting CIRP to only One Project of Supertech and Rest to Continue under RP’s Supervision The Supreme Court by its division judges bench comprising...
NCLAT: When Balance Sheet of Corporate Debtor Declared Amount as Unsecured Loan, Same Cannot be Accepted as ‘Investment’ The National Company Law Appellate Tribunal (NCLAT), Delhi by its coram...
NCLT Admits Go Airlines Insolvency: Issuance of Notice to Creditors is Not Mandatory in Pre-Admission Stage under Section 10 IBC The National Company Law Tribunal (NCLT), Delhi comprising of Justice...
Supreme Court: Dissenting Financial Creditors of Resolution Plan Must Be Paid in Accordance with Section 53(1) of IBC The Supreme Court by its division bench of Justices M.R. Shah and Sanjiv Khanna...
NCLT Initiates Insolvency Proceedings Against Future Lifestyle Fashions The National Company Law Tribunal (NCLT), Mumbai by its division member bench of Kuldip Kumar Kareer (Judicial Member) and...
Supreme Court: Section 327(7) of Companies Act is Not Violative of Article 21 The Supreme Court in a landmark ruling has upheld the validity of provisions of the Companies Act that exclude statutory...
NCLAT: Application Against Personal Guarantor Must Be Filed Before Adjudicating Authority under whose Jurisdiction Corporate Debtor’s Registered Office is Situated The National Company Law Appellate...
S&R Associates advised ISCL S&R Associates represented the Committee of Creditors of Indian Steel Corporation Limited ("ISCL"), a manufacturer of cold rolled steel & coated steel...
NCLT: Resolution Professional may be Replaced at Any Time During CIRP by CoC by voting share of 66% under Section 27 of IBC The National Company Law Tribunal, (NCLT) Allahabad, by its division member...
NCLT: Section 14 of IBC Seeks to Preserve the ‘Going Concern’ Status ‘If’ the Corporate Debtor is a Running Unit The National Company Law Tribunal (“NCLT”), Ahmedabad by its division member bench...
