Tuesday, October 26, 2021

Legislature Brought In The Amendment Of Section 30(4) Of Insolvency And Bankruptcy Code To...

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The Principal Bench at the National Company Law Appellate Tribunal (NCLAT) recently held that business decisions taken in exercise of commercial wisdom of Committee...

NCLAT Sets Aside NCLT Order Dismissing Initiation of CIRP Against Mittal Corp

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The National Company Law Appellate Tribunal (NCLAT) has set aside the order of the NCLT's Mumbai bench, dismissing a plea to initiate corporate insolvency...

Homebuyers Cannot Initiate Insolvency Proceedings To Execute RERA Decrees: NCLAT

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The National Company Law Appellate Tribunal (NCLAT) on Friday has ruled that homebuyers cannot initiate insolvency proceedings to execute RERA decrees, while setting aside...

IBC Does Not Envisage a Pre-Admission Enquiry Into Proof Of Default By Directing A...

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The National Company Law Appellate Tribunal (NCLAT) has held that the Insolvency and Bankruptcy Code does not envisage a pre-admission enquiry into the proof...

NCLAT Upheld the Substitution of Financial Creditor’s Ex-Employee as Proposed Interim Resolution Professional

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The National Company Law Appellate Tribunal has upheld the substitution of a financial creditor's ex employee as proposed interim resolution professional in a CIRP...

Adjudicating Authority Not To Interfere With the Commercial Wisdom of the CoC Approving the...

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The National Company Law Appellate Tribunal (NCLAT) held that it is essential to mention that the Adjudicating Authority has a very limited power of...

SARFAESI & DRT Proceedings Will Not Extend Limitation Period under IBC: NCLAT

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The National Company Law Appellate Tribunal (NCLAT) held that the limitation period will not be extended in The Securitisation and Reconstruction of Financial Assets...

COVID-19 Lockdown Period to Be Excluded From Insolvency Process Timeline: NCLAT

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The National Company Law Appellate Tribunal (NCLAT) has ordered that the period of lockdown, as announced by the Government, shall be excluded for the...

NCLAT Orders CCI to Probe Flipkart over Allegations of Unfair Trade Practices

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The National Company Law Appellate Tribunal (NCLAT) has ordered the Competition Commission of India (CCI) to initiate investigation against e-commerce firm Walmart-owned Flipkart for...

NCLAT Sets Aside Insolvency Proceeding Against Flipkart as Creditor Failed to Submit Invoices

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The National Company Law Appellate Tribunal (NCLAT) on Monday set aside the insolvency proceedings against e-commerce giant Flipkart. CloudWalker, an operating creditor, which imported and...

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