Tribunal & Appellate
-
NCLT observes that inherent jurisdiction can be applied only in cases where there is no specific provision under the statute
Application of Liquidator u/s Section 60(5) of the Insolvency and Bankruptcy Code, 2016 read with Rule 11 of the NCLT…
Read More » -
NCLAT sets Corporate Debtor free as application was barred by limitation, holds Books of Account cannot be treated as acknowledgment
NCLAT allows the appeals filed by the Corporate Debtors and says that the application under Section 7 of the I&B…
Read More » -
NCLAT holds NCLT has no jurisdiction to entertain the application u/s 52(6) in the absence of cause of action u/s Section 52 (5)
NCLAT holds that application was filed by a ‘Secured Creditor’ directly before the Adjudicating Authority for allowing it to recover…
Read More » -
NCLAT it is not a ‘Court of Law’ to not decide money claim and states that existence of undisputed ‘Debt’ is ‘Sine Qua Non’ for triggering CIRP
NCLAT dismisses appeal against order of NCLT; states that there exists a dispute between the parties regarding the sum in…
Read More » -
NCLT orders to initiate Corporate Insolvency against Flipkart for failure to make payment for purchase of goods
NCLT orders Corporate Insolvency Resolution for Flipkart; finds that Flipkart has committed default and has not paid the Operational debt;…
Read More » -
NCLAT mandates the debt should be disbursed against the consideration for the time value of money u/s 5(8) IBC
NCLAT dismisses the appeal of Saregama India; rejects claim of Appellant that the claim was a financial debt on account…
Read More » -
NCLAT directs Appellants to approach Liquidator as per Section 40 of I&B Code against invocation of Performance Bank Guarantee
NCLAT dismisses appeals finding that the matter could not be decided by it on account of the order of liquidation…
Read More » -
NCLT states that date of notice for default of payment cannot be deemed as the date of default, rejects application
NCLT rejects the application of the petitioner finding that the petitioners have failed to substantiate the amount of interest in…
Read More » -
NCLAT states that NCLT does not have jurisdiction to reject the petition u/s 7 of I&B Code, allows SBI appeal
NCLAT allows the appeal filed by the State Bank of India against the judgement of the Adjudicating Authority which dismissed…
Read More » -
NCLAT states that application for CIRP against company whose name is struck off from the Registrar is maintainable.
NCLAT holds that the application under Sections 7 and 9 of the I& B will be maintainable against the Corporate…
Read More »