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NCLAT

Service of notice gets affected when sent to correct address by registered post

June 4, 2024 759 Views 0 comment Print

Discover the NCLAT Delhi’s verdict on Mukund Rajhans vs Rajasthan Patrika Pvt Ltd. The corporate debtor’s liability clarified in the latest NCLAT order.

Extension of Payment Time in Resolution Plan not constitute plan modification

June 4, 2024 429 Views 0 comment Print

Analysis of Ashok Dattatray Atre Vs State Bank of India case by NCLAT Delhi. Learn about time extension in payment under IBC and its implications on resolution plans.

NCLAT upholds admission of SBI’s IBC Section 7 application citing errors & legal misinterpretations

June 4, 2024 291 Views 0 comment Print

NCLAT Delhi rules on the admissibility of a Section 7 application by State Bank of India against Advantage Overseas Pvt. Ltd., allowing it despite the timing of the OTS failure. Read the full analysis.

NCLAT Orders Resubmission of Resolution Plan to CoC with NOIDA’s Secured creditor Claim

June 4, 2024 618 Views 0 comment Print

Learn about SP Probuild LLP Vs. Rabindra Kumar Mintri & Ors case. NCLAT Delhi ruling states that resubmission of resolution plan awaits pending applications.

NCLAT Directs NCLT on CoC Reconstitution: Srei Equipment Finance Ltd. Vs Harsh Arora

May 31, 2024 258 Views 0 comment Print

NCLAT directs NCLT to decide on reconstitution of CoC after considering reply in Srei Equipment Finance Ltd. Vs Harsh Arora case. Full text of judgment included.

Only costs directly related to CIRP & approved by CoC can be classified as CIRP costs: NCLAT

May 31, 2024 1017 Views 0 comment Print

NCLAT Delhi rules on Avil Menezes’ appeal regarding CIRP costs in Sunil Hitech vs Abdul Qudduskhan case. Detailed analysis of fabrication and erection work claims.

Insolvency Dilemmas: NCLAT’s Verdict on Section 185 Compliance in CIRP Claims

May 30, 2024 552 Views 0 comment Print

Explore the AVJ Heights vs. India Infoline case, NCLAT’s stance on Section 185 compliance in CIRP claims, implications for financial institutions, and legal analysis.

Purpose of IBC is reorganization & insolvency resolution, not debt recovery: NCLAT Delhi

May 28, 2024 378 Views 0 comment Print

NCLAT clarifies that absence of GST refund/ITC claim in demand notice or Form 5 is not grounds for default under CIRP as per Section 9 of IBC.

Pre-existing Dispute Bars Section 9 Application Against Corporate Debtor: NCLAT Delhi

May 27, 2024 240 Views 0 comment Print

NCLAT Delhi rules on Sanam Fashion Vs Ktex Nonwovens case, addressing a pre-existing contractual dispute on delivery terms and goods transportation under IBC.

NCLAT Affirms Ineligibility of Wilful Defaulter to Submit Resolution Plan

May 26, 2024 564 Views 0 comment Print

Read the detailed analysis of Namdev Hindurao Patil’s appeal against his ineligibility to submit a resolution plan for Warana Dairy. Learn how the NCLAT dismissed his plea.

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