NCLAT: Financial Creditor and the Corporate Debtor alone are the necessary party in CIRP proceedings The National Company Law Appellate Tribunal (NCLAT) has ruled that in an application under Section...
While considering the Contempt Application NCLT should have decided the Application for clarification: NCLAT The Appeals filed by the Appellant Surajbari Traders Pvt. Ltd. and its director Kavita...
No winding up proceedings in the absence of ineligibilities provided under Section 11 of IBC: NCLAT In the Appeal filed by Pondicherry Extraction Industries Pvt. Ltd (Appellant/Corporate Applicant)...
Equitable Treatment can be claimed only by similarly situated Creditors: NCLAT The Appeal filed by the Operational Creditors of the Corporate Debtor - Reliance Infratel Limited was dismissed at the...
NCLT allows Interlocutory Application for inserting Inkel Ltd. as Additional Corporate Debtor with Seguro foundations The National Company Law Tribunal (NCLT) has allowed the Interlocutory...
NCLAT can probe allegations of fraudulent trading carried by Corporate Debtor during the Insolvency Resolution The modified order allows the Adjudicating Authority to inquire into alleged dealings...
Exercise of inherent powers under Rule 11 of NCLAT Rules, 2016 cannot be enlarged to review decisions and substitute a view: NCLAT The Appeal filed against Bank of India and RNA Corp. Pvt. Ltd....
Appeals related to CIRP filed by trading companies dismissed The Appellate Tribunal opined that it was manifestly clear that the timelines had not been adhered to in so far as preferring of claims...
Liquidator's remuneration falls within realm of Committee of Creditors under Regulation 39DThe NCLAT set aside the NCLT order because it is immaterial which provision of the Code squarely governs...
Successful Resolution Applicant entitled to know liability of Corporate Debtor before submission of Prospective Resolution PlanThe NCLAT observed that not only had the Appellant filed the claim at a...
Delhi HC Rules in Favour of State Bank of India, States, 'Liability of a Guarantor is Coextensive with the Principal Debtor'The Delhi High Court, on 2nd November, 2020, by two judges bench ruled in...
Credibility of the processes under the I&B Code depends upon the observance of the Code of conduct by the IRP/RP during the processThe Disciplinary Committee of the Insolvency and Bankruptcy Board...
