NCLAT rejects ex-promoter’s appeal against resolution order of Empee Distilleries
The National Company Law Appellate Tribunal (NCLAT) has rejected an appeal against the National Company Law Tribunal’s (NCLT’s) nod to...
Court Order
Delhi HC stays personal insolvency proceeding against Anil Ambani
The Delhi High Court has stayed personal insolvency proceedings against Anil Ambani started by State Bank of India. The two-judge...
NCLT nod for withdrawal of insolvency proceeding against Aspen Bio Pharma
The National Company Law Tribunal (NCLT) has given its approval to withdraw corporate insolvency resolution process (CIRP) against Hyderabad-based pharma...
Security trustees of pledged shares are not financial creditor under IBC: NCLAT
The National Company Appellate Tribunal (NCLAT) has dismissed a plea seeking to make the security trustee holding pledged shares of...
Anil Ambani now faces personal bankruptcy case
In a major development, the National Company Law Tribunal (NCLT) has paved the way for starting of individual insolvency proceedings...
Sharing financial details with Information Utility not mandatory for filing IBC application: HC
The Calcutta High Court has struck down an order passed by the Principal Bench of Delhi NCLT making it mandatory...
Insolvency law cannot escape Limitation Act, says Supreme Court
In a big setback to the insolvency and bankruptcy code (IBC) in the country, the Supreme Court in a major...
NCLAT dismisses home buyers’ insolvency plea against Ansal Properties
The National Company Law Appellate Tribunal (NCLAT) has set aside an order of Delhi Bench of NCLT to initiate insolvency...
Third-party fraud allegation cannot be entertained under IBC: NCLAT
The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea keeping a particular a plot of land out of...
MSME promoter regains his firm after lengthy insolvency proceeding
Even as the government is planning to make sweeping changes in the insolvency and the bankruptcy laws for the MSME...