Winding up proceeding transferable to NCLT until it has reached the stage of irreversibility, says Supreme Court
The Supreme Court of India has recently said in a judgement that a winding up proceeding pending before the High...
Court Order
NCLT asked to deliver final verdict on Bharati Defence & Infrastructure liquidation case within a week
The National Company law Appellate Tribunal (NCLAT) has asked the Mumbai Bench of the National Company law Tribunal (NCLT) to...
ArcelorMittal gets temporary relief from paying Rs 1,300 cr more in Essar Steel insolvency case
ArcelorMittal India has got a stay order against the payment of Rs 1,300 crore additional CIRP cost by 15 December...
NCLAT reprimands Excise Dept for delay in filing claims; causing loss to exchequer
The National Company Law Appellate Tribunal (NCLAT) has chastised the Excise and Taxation Department of Haryana government for its negligence...
Resolution professional can’t act on behalf of corporate debtor beyond CIRP: Delhi HC
Can a resolution professional (RP) continue to act on behalf of the corporate debtor once the plan is approved and...
Unsuccessful resolution applicant has no right to question implementation of approved resolution plan
Once a resolution applicant is out of the fray to acquire a corporate debtor in an insolvency proceeding, the unsuccessful...
SAT overturns SEBI decision to levy penalty on Monnet Ispat; says IBC overrides market regulator
The Securities Appellate Tribunal (SAT) has once again emphasized that IBC overrides the Securities and Exchange Board of India (SEBI),...
Madras HC dismisses petition against insolvency professionals requiring authorization for assignment
The Madras High Court has dismissed a writ petition challenging the constitutional validity of the regulation requiring an insolvency professional...
Another setback to Gujarat NRE Coke liquidation process; NCLAT halts asset sale process
There is no end to the ‘liquidation’ process of Gujarat NRE Coke, it seems. The Gujarat NRE Coke was ordered...
Securities Appellate Tribunal quashes Sebi order to impose Rs 20 lakh penalty on DHFL
The Securities Appellate Tribunal (SAT) has quashed an order by the Securities and Exchange Board of India (Sebi) to levy...