NCLT

NCLT approves resolution plan submitted by Piramal Group in CIRP of DHFL

R. Subramaniakumar Vs Committee of Creditors (NCLT)

R. Subramaniakumar Vs Committee of Creditors (NCLT) The present Interlocutory application is filed by Mr. R. Subramaniakumar the Applicant, Administrator of Dewan Housing Finance Corporation Limited, for the Corporate Debtor by submitting a resolution plan under section 30(6) and section 31 of the Insolvency and Bankruptcy Code, 2016 (I&a...

Read More
Posted Under: Corporate Law | |

Pendency of applications cannot be used as a subterfuge to stifle voting of Home Buyers: NCLT

Vishwanath Sharma Vs Pawan Kumar Singal (NCLT Delhi)

 Vishwanath Sharma Vs Pawan Kumar Singal (NCLT Delhi) In relation to repeated assertion made by Senior Counsel Mr. Ganda that without disposing of the Application filed by Dhankalash Distributors Pvt. Ltd in IA-2116/2021 and IA-2184/2021 challenging the constitution of the voting share percentage of the Homebuyers, which will have a sign...

Read More
Posted Under: Corporate Law | |

Opportunity of hearing to affected parties is to be given before taking action

Rajdeep Clothing and Advisory Pvt. Ltd Vs Brijesh Kumar Mishra (NCLT Ahmedabad)

Rajdeep Clothing and Advisory Pvt. Ltd Vs Brijesh Kumar Mishra (NCLT Ahmedabad) Whether opportunity of hearing to the affected parties is to be given before taking such action? It is a legitimate expectation, both in equity and in law that person who is going to be punished or again whom some adverse action is being […]...

Read More
Posted Under: Corporate Law | |

Operational Creditor should demonstrate its Claim to be treated as Operational Debt under IBC

Kripa Cashew Exports Vs Royals International Trade And Allied Products Pvt. Ltd. (NCLT Kerala)

Kripa Cashew Exports Vs Royals International Trade And Allied Products Pvt. Ltd. (NCLT) In the present case, the first point which arises for consideration is whether the debt falls within the purview of Operational Debt under Section 5 (21) of the I&B Code,2016? To arrive at a decision, this Tribunal has gone through the judgement [&...

Read More
Posted Under: Corporate Law | |

Advance by real-estate developer to property owner for a re-development project qualifies as operational debt under IBC 2016

Sunteck Realty Limited Vs Goodwill Theatres Private Limited (NCLT Mumbai)

Sunteck Realty Limited Vs Goodwill Theatres Private Limited (NCLT Mumbai) This Petition is filed under Section 9 of I&B Code, 2016 by Sunteck Realty Limited against Goodwill Theatres Private Limited for initiating corporate insolvency resolution process is admitted. NCLT held that the advance paid by a real-estate developer to a prope...

Read More
Posted Under: Corporate Law | |

Notification raising IBC threshold to Rs. 1 Crore will apply prospectively

M/s Tharakan Web Innovations Pvt. Ltd. Vs Cyriac Njavally (NCLT Kerala)

Notification dated 24.03.2020 does not save the Applicant/ Corporate Debtor from the initiation of insolvency especially in cases where defaults towards creditors have taken place before the COVID pandemic and the resultant financial crisis. Such an interpretation would be contrary to the intention of the executive in exercise of its powe...

Read More
Posted Under: Corporate Law | |

NCLT admits plea for insolvency process initiation against personal guarantor

In re Anil Syal (NCLT)

From the report there does not appear any request of the Resolution Professional for issuance of the instructions for the purpose of conducting negotiations between the debtor and creditors for arriving at the repayment plan. Therefore, based on the reasons recorded in the report submitted by the Resolution Professional...

Read More
Posted Under: Corporate Law | |

NCLT dismisses CIRP filed by Neesa Infrastructure Limited

M/s. Neesa Infrastructure Limited vs State Bank of India (NCLT)

M/s. Neesa Infrastructure Limited vs State Bank of India (NCLT) Advocate, Mr. Nipun Singhvi appeared on behalf of the Respondent. The order is pronounced in the open court, vide separate sheet. 1. Sanjay Gupta, claiming himself to be the authorised signatory, on behalf of M/s. Neesa Infrastructure Limited filed this Petition under Section...

Read More
Posted Under: Corporate Law | |

Corporate Debtor liability not extinguished upon Insolvency Resolution Plan Approval

State Bank of India Vs Anil Dhirajlal Ambani (NCLT Mumbai)

whether the liability of a guarantor of a debt of a corporate debtor stands reduced/extinguished upon an Insolvency Resolution Plan in respect of the corporate debtor, being approved under the Insolvency and Bankruptcy Code, 2016?”...

Read More
Posted Under: Corporate Law | |

NCLT relaxes timeline of implemented resolution plan

M/s Fincast Founders and Engineers Pvt. Ltd. Vs Shri Rajat Mukherjee RP for Shaifali Foils (NCLT Ahemdabad)

M/s Fincast Founders and Engineers Pvt. Ltd. Vs Shri Rajat Mukherjee (NCLAT Ahemdabad) 1) The instant application is filed under section 60 (5) of the IB Code r.w. Rule 11 of the NCLT Rules, 2016 seeking appropriate direction in Resolution Plan dated 25.05.2019, with following prayer: a. to enable the applicant to comply with the [&hellip...

Read More
Posted Under: Corporate Law | |

Browse All Categories

CA, CS, CMA (5,619)
Company Law (7,531)
Custom Duty (8,575)
DGFT (4,576)
Excise Duty (4,506)
Fema / RBI (4,764)
Finance (5,084)
Income Tax (37,874)
SEBI (4,044)
Service Tax (3,742)

Search Posts by Date

July 2021
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031