Tribunal & Appellate
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NCLT in exceptional circumstances doesn’t allow MSME to regain control of the Corporate Debtor
NCLT dismisses appeal against order of Adjudicating Authority approving Resolution Plan of Corporate Debtor; says that it is open to…
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NCLAT orders appellant to constitute CSR Committee finding its net profit exceeding the prescribed threshold
NCLAT holds appellant liable to constitute CSR committee of the Board in terms of Section 135(1) as the net profit…
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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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NCLT rejects IDBI objections over initiating CIRP which was filed by Corporate Debtor iteslf u/s section 10 of IBC
NCLT admits IB petition by the Corporate Debtor/Corporate Applicant Company for initiating CIRP for itself, finds that the IB petition…
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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 finds evidence of existing dispute about the amount of debt, holds not maintainable u/s 9 of IBC
NCLT rejects application for CIRP of Corporate Debtor on the grounds of existing serious dispute between the parties about the…
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NCLAT directs to take steps for the revival of corporate debtor rather than dissolving it
NCLAT dismisses Appellant’s present appeal against the order for liquidation passed by the Adjudicating Authority under Section 33 of the…
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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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