Tuesday, September 22, 2020

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

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

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...

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

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

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

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

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...

NCLAT Approves Demerger of Reliance Jio; Dismisses IT Dept.’s ‘Tax Evasion’ Plea

The National Company Law Appellate Tribunal (NCLAT) has dismissed objections on avoidance and evasion of taxes raised by the Income Tax (IT) department against...

NCLAT Restores Cyrus Mistry as Executive Chairman Of Tata Sons

The National Company Law Appellate Tribunal (NCLAT) has restored Cyrus Mistry as the Executive Chairman of the Tata Group. NCLAT holds that the appointment...

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