Courts: NCLAT
Read latest NCLAT judgments and orders on insolvency, IBC, company law, corporate disputes, competition matters and other appellate proceedings.
Penalty duly imposable as role of accused in providing inputs for arriving at rigged pricing proved
NCLT cannot review its judgment but it can recall on sufficient grounds: NCLAT
Resolution Applicant is required to perform its obligation as per Resolution Plan
Agreement not being engrossed on stamped paper doesn’t affect claim of Operational Creditor
IBC Mandates Priority Payment for Insolvency Process & Liquidation Costs
Initiation of proceedings u/s 7 against Corporate Debtor justified as debt and default admitted
Email cannot be viewed as acknowledgment of liability by Corporate Debtor hence cannot help in extending limitation period
Claim before resolution professional/ liquidator should be based on solid documentary evidence
Application u/s 7 of IBC duly admissible as there exists financial debt and default
Liquidator should consider average of value arrived as per regulation 35 of CIRP Regulation, 2016
IRP can reduce admitted claim based on Arbitration award
NCLAT cannot condone delay Beyond 15 Days, much Less 45 Days
NCLT cannot determine controversy of attachment of property under Prohibition of Benami Property Transactions Act
Amount duly payable to liquidator as assets proved to be fictitious/ fraudulent
NCLAT brings together judgments and orders of the National Company Law Appellate Tribunal published on TaxGuru. The archive covers appeals involving the Insolvency and Bankruptcy Code, company law, corporate insolvency resolution, liquidation, oppression and mismanagement and other matters falling within NCLAT’s jurisdiction, including applicable competition-law proceedings. Insolvency professionals, companies, creditors, resolution applicants, Chartered Accountants, Company Secretaries and advocates can use this category to research NCLAT precedents and follow important developments in insolvency and corporate jurisprudence.
