NCLT allows new management to complete statutory compliances prior to resolution
The Mumbai bench of the National Company Law Tribunal (NCLT) has in an important judgement allowed the successful resolution applicant...
NCLT
‘Incomplete’ financial statements no reason for rejection of insolvency application: NCLAT
The insolvency law does not empower the National Company Law Tribunal (NCLT) to reject an insolvency petition on the ground...
Registrar cannot determine NCLT jurisdiction: Delhi High Court
The question as to whether the National Company Law Tribunal (NCLT) has jurisdiction to entertain a particular case or not...
NCLAT rejects employees’ plea for access to CoC meetings
The National Company Law Appellate Tribunal (NCLAT) has rejected an appeal by the employees of Corporate Debtor Sejal Glass Ltd...
NCLT reconstitutes benches for regular hearing from 1 December
The NCLT benches have been reconstituted to attend regular hearing through video conference with effect from 1 December 2020. The...
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...
This is how India’s personal bankruptcy framework may look like
As Indian insolvency and bankruptcy authorities are getting ready to roll-out personal insolvency regulations, it only natural for the curiosity...
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...