Courts: NCLAT
Read latest NCLAT judgments and orders on insolvency, IBC, company law, corporate disputes, competition matters and other appellate proceedings.
IBC not prevents closure of Liquidation Process in case ‘Corporate Debtor’ is sold as a going concern
NCLAT set aside unsavoury observations/comments in NCLT order
NCLAT refuses to stay Piramal Group’s DHFL resolution plan
Statutory dues cannot be claimed if not exists in company’s approved RP for DHFL
Liquidation should be the last resort after proper evaluation & calibration
NCLAT has power to grant case withdrawal under Rule 11 of NCLT Rules
Ineligibility attaches at the time when the Resolution Plan is submitted by Resolution Applicant
CIRP of Corporate Debtor vitiated if illegally constituted committee of creditors took decisions at every stage of CIRP
Electricity charges during CIRP would form part of CIRP Costs
No proceedings could be initiated to recover claims not part of approved resolution plan
Section 230 of Companies Act not to be pursued at liquidation stage under IBC
Interest free loan cannot be treated as financial debut without evidence that loan was disbursed for time value of money
Section 232(6) of Companies Act, 2013 enables companies to choose & state ‘appointed date’ in amalgamation scheme
Exclude Period of Judicial Intervention in calculation of CIRP Period: NCLAT
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.
