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NCLT

Settlement Agreement Breach Not Grounds for CIRP under I&B Code

June 24, 2024 984 Views 0 comment Print

NCLT Kolkata ruled that breaches in settlement agreements do not qualify as operational debt under Section 5(21) of IBC. Full analysis of Amrik Cranes vs Simplex case.

Indemnity obligations under a guarantee do not constitute operational debt: NCLT

June 24, 2024 858 Views 0 comment Print

NCLT Chandigarh rules indemnity obligation under guarantee is not an operational debt in the case of Agarwal Foundries vs. POSCO E&C. Read the full judgment analysis.

NCLT Halts Byju’s Second Rights Issue Amid Mismanagement Allegations

June 24, 2024 1098 Views 0 comment Print

Explore the legal case MIH Edtech Investments B.V. & Ors. vs. Think & Learn Pvt. Ltd. & Ors. in NCLT Bengaluru under Companies Act, 2013. Detailed analysis of Section 242(4) applications, allegations of oppression, mismanagement, and interim orders.

NCLT approves resolution plan of Teknik Plant and Machinery MFG. Co. Pvt. Ltd.

June 24, 2024 642 Views 0 comment Print

Dive into the NCLT Mumbai judgment of H R Bearing Corp. Vs Teknik Plant and Machinery. Detailed analysis, implications, and conclusions explored.

NCLT Delhi approves resolution plan for Era Infra Engineering Limited

June 24, 2024 1935 Views 0 comment Print

Explore the detailed analysis of Union Bank vs. Era Infra Engineering Ltd case, covering the NCLT Delhi judgment, resolution plan approval, objections, and final decision.

NCLT’s admits insolvency proceedings against Himalayan Mineral Waters

June 24, 2024 546 Views 0 comment Print

Read the detailed NCLT judgment on Jammu and Kashmir Bank’s application against Himalayan Mineral Waters for defaulting Rs 50 crore, leading to insolvency proceedings.

CoC Can Liquidate Corporate Debtor Before Resolution Plan Confirmation: NCLT Delhi

June 23, 2024 450 Views 0 comment Print

NCLT Delhi: CoC in legislative scheme is empowered to take decision to liquidate Corporate Debtor, any time after its constitution and before confirmation of resolution plan

Moratorium excludes government-notified transactions of essential goods/services & surety in a contract of guarantee

June 21, 2024 459 Views 0 comment Print

Read the full text of NCLT Delhi’s judgment in Manish Aneja & Ors. Vs Revital Reality Private Limited under Insolvency and Bankruptcy Code, 2016, Section 7. Financial creditors seek CIRP for default on Rs. 31.22 Cr debt.

NCLT directs repayment of preferential payment made to certain creditors

June 16, 2024 930 Views 0 comment Print

NCLT Mumbai ruling: Fraudulent intent is unnecessary for transactions under Section 43 of IBC, based on Ankur Kumar vs. Jitendra Kikavat & others case.

Share Allotment at Concessional Price is Oppressive to Existing Members: NCLT

June 15, 2024 1455 Views 0 comment Print

Full text of the NCLT Mumbai judgment in Ajay Tajpuriya vs Goel Ganga Infrastructure case. Detailed analysis of the order concerning oppression and mismanagement.

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