NCLAT orders NCLT to review compliance with Section 7(1) in a dispute over the number of allottees before admitting CIRP against K.D. Lite Developers.
NCLAT upholds the rejection of Kotak Mahindra Bank’s claim filed 738 days late after the approval of a resolution plan. Discover the implications.
NCLAT Delhi held that advance is an operational debt. Thus, appellant’s claim rightly held to be operational debt by the Resolution Professional hence appeal dismissed.
Explore the NCLAT Chennai judgment on Ramesh Kesavan Vs CA Jasin Jose. CoC’s approval of Resolution Plan below Liquidation Value analyzed. Learn about Edelweiss exclusion, valuation concerns, and shareholder locus challenges.
NCLAT Delhi rules on eligibility of ex-promoter, Mr. Mahesh Mathai, to submit a Resolution Plan. Detailed analysis of Vishram Panchpor vs Committee of Creditors case.
NCLAT New Delhi held that Optionally Convertible Debentures (OCDs) are the financial debt within the meaning of section 5(8)(c) of the Insolvency and Bankruptcy Code (IBC). Accordingly, application filed u/s. 7 admissible.
Explore the NCLAT Chennai judgment on V O Chidambaranar Port Authority vs Rajesh Chillale. Learn why a port’s claim without possession can’t be a secured creditor under IBC.
Explore the NCLAT Delhi judgment on non-stamped documents affecting CIRP. Learn how it impacts the case of Hiren Meghji Bharani vs. Shankheshwar Properties Pvt. Ltd.
In a case involving Partha Sarathy Sarkar vs. Specified Undertaking of Unit Trust of India Ltd., NCLAT Delhi upholds the CoC decision on replacing the Resolution Professional.
Explore the NCLAT Delhi’s decision in IDBI Bank vs. Sumit Binani case, where the power vested in RP under IBC Section 25(1) to reject CoC’s proposal for renewal of bank guarantees is analyzed. Full judgment included.
