CIRP against the Corporate Debtor-Rajesh Cityspaces Private Limited commenced on 15.01.2024. Mr. Ajit Gyanchand Jain- Respondent No.1 was appointed as Interim Resolution Professional (IRP).
NCLAT Delhi admits Exclusive Capital appeal, ruling NCLT decisions on jurisdiction and administrator appointment are subject to NCLAT appeal and Supreme Court orders.
The NCLAT has dismissed an appeal by suspended directors of Satra Properties, upholding an NCLT order to recover ₹2.65 crore in a fraudulent transaction.
NCLAT Delhi affirms eviction of Nazru S Basheer from Pancard Clubs hotel property after agreement expiry & resolution plan approval under IBC.
NCLAT Chennai rules a second Section 95 IBC application against a personal guarantor is barred if one is already pending. Decision cites prior precedent from Section 96 IBC.
NCLAT Chennai dismissed Think & Learn’s appeal against an NCLT order concerning shareholding in Aakash Educational Services, citing it as consensual and interlocutory.
NCLAT Delhi rules on Uttam Galva Steels case, disallowing joint operational creditor applications and lawyer issued demand notices under IBC.
NCLAT Delhi held that continuing Corporate Insolvency Resolution Process [CIRP] not justified as Corporate Debtor has sufficient funds to discharge the admitted claims of CoC. Thus, adjudicating authority rightly terminated CIRP of Corporate Debtor.
Appellant was notified by mail that the respondent had deposited Rs. 20 lakhs into the appellant’s account while the tribunal’s proceedings were still pending. Appellant argued that Rs. 20 lakh had been deposited without its consent and that it would be willing to reimburse the money.
NCLAT Delhi dismisses appeal by Bijay Pratap Singh, affirming the admission of CIRP against Unimax International over unpaid operational debt to Unimax International.
