Companies Act
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Family settlement has to be treated differently as compared to any other commercial settlement however interest & welfare of company is paramount, holds NCLT
NCLT passes an order formalising division arrived at the family settlements; says the welfare and interest of the company is…
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NCLT holds that IBC does not permit related parties being Financial Creditors to participate in CoC, hence transactions between related parties & outsiders cannot be equated
NCLT approves Resolution Plan; says any transactions between the related parties cannot be equated to transactions with outsiders on an…
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NCLT clarifies that Insolvency & Bankruptcy Code is not a substitute to a recovery forum, dismisses petition for CIRP
NCLT dismisses petition for CIRP finding that the debt and default are in dispute as well as suffer a bar…
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HC states that RDBA, SARFAESI Act, Insolvency Code and PMLA must co-exist and construed and enforced in harmony, without one being in derogation of the other in the matter of Deputy Director Directorate of Enforcement Delhi vs. Axis Bank
Delhi HC observes that assets which are subject matter of the appeals are not “tainted property” as they were acquired…
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NCLT orders reinstatement of the name of respondent company in the ROC, sets aside ROC order for non-compliance
NCLT sets aside the order of the ROC, West Bengal to strike off the name of Respondent Company due to…
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NCLT allows SBI to opt out of Liquidation process but prohibits sale of assets to disqualified persons.
NCLT grants permission to Secured Creditors to opt out of the Liquidation process but imposes a bar on the secured…
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NCLT is not the appropriate forum for disputes relating to breach of contract
Adjudicating Authority of the NCLT holds that it is not the appropriate forum for deciding matters pertaining to a breach…
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NCLT dismisses case for lack of evidence in support of forfeiture of shares
NCLT dismisses case for lack of evidence in support of forfeiture of shares being invalid and illegal. Fine no evidence…
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NCLAT mandates NCLT to accept submissions of affidavit before pronouncement of its judgement
NCLAT set aside NCLT Chennai Bench mandating NCLT to accept the submission of affidavit before judgement is pronounced in compliance…
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Disqualification of Director – Options available to individual directors?
As we all are aware that in September, 2017 the government of India steps up its fight against the black…
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