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Latest Case Law Related to IBC – October to December 2023

Corporate Law : Explore significant legal developments, Supreme Court verdicts, and detailed analyses in the Q4 2023 newsletter. Stay informed on ...

February 19, 2024 1122 Views 0 comment Print

Fate of Employees, When Employers Faces IBC Proceedings : A Legal Analysis

Corporate Law : Explore the vital role of the Insolvency and Bankruptcy Code (IBC) in protecting employee rights during corporate insolvency, high...

February 11, 2024 849 Views 0 comment Print

‘Shareholder’ cannot challenge Resolution Plan: NCLAT Chennai

Corporate Law : NCLAT rules shareholders have no standing to challenge resolution plans in insolvency cases, emphasizing creditors control and com...

February 9, 2024 471 Views 0 comment Print

Latest Case Law Related to IBC – July to September 2023

Corporate Law : Explore significant developments in Indian insolvency law with key cases from July to September 2023. Dive into legal analysis, ve...

October 31, 2023 723 Views 0 comment Print

Latest Case Law Related to IBC – April to June 2023

Corporate Law : Latest Case Law Related to IBC – April to June 2023: Explore significant Supreme Court and NCLAT judgments impacting the Insolve...

August 18, 2023 1797 Views 0 comment Print


Latest News


Notice inviting comments, by MCA, on review of rules prescribed under IBC 2016

Corporate Law : Join the discussion on MCA's proposed changes to Insolvency and Bankruptcy Code rules. Learn how to participate and share your ins...

April 19, 2024 300 Views 0 comment Print

NCLAT Checklist for Appeals under Companies Act, 2013 & IBC, 2016

Corporate Law : NATIONAL COMPANY LAW APPELLATE TRIBUNAL Checklist for Appeals under Companies Act, 2013 & Insolvency and Bankruptcy Code, 2016...

April 10, 2021 1344 Views 0 comment Print

NCLAT Checklist for Appeals under Competition Act, 2002

Company Law : NATIONAL COMPANY LAW APPELLATE TRIBUNAL Checklist for Appeals under Competition Act, 2002 Appeals to be in the Form appended to â€...

April 10, 2021 867 Views 0 comment Print

FM inaugurates Chennai Bench of NCLAT

Company Law : Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman inaugurated the Chennai Bench of National Company Law App...

January 25, 2021 495 Views 0 comment Print

Revised SOP for Mentioning the matter for hearing through virtual mode before NCLAT

Company Law : National Company Law Appellate Tribunal Revised Standard Operating Procedure for Ld. Advocate/ Authorised Representative/Party-in-...

August 9, 2020 1062 Views 0 comment Print


Latest Judiciary


No amount to be paid through partly paid ‘Redeemable Preference Shares to Operational Creditor

Corporate Law : Operational Creditor cannot be paid through partly paid ‘Redeemable Preference Shares’ as the distribution of the amount to th...

April 25, 2024 69 Views 0 comment Print

Liquidator Fees under Regulation 4(2)(b): NCLAT Delhi Ruling

Corporate Law : Analysis of Ashok Kumar Gulla vs State Bank of India case on payment of liquidator fees under Regulation 4(2)(b) of Liquidation Pr...

April 23, 2024 243 Views 0 comment Print

Adjudicating Authority Correctly Admitted Section 7 Application: Debt & Default Proved

Corporate Law : In the case of Shweta Sharma Vs SREI Equipment Finance Ltd., NCLAT Delhi upholds Section 7 application, proving debt and default, ...

April 21, 2024 180 Views 0 comment Print

Adjudicating Authority cannot review judgment on merits: NCLAT Delhi

Corporate Law : NCLAT Delhi ruling on Adisri Commercial Pvt. Ltd. Vs RBI & Ors. : Recall applications filed by Appellant are nothing but applicati...

April 21, 2024 180 Views 0 comment Print

SC refuses to entertain Appeal against NCLAT order remanding Appeal to NCLT

Company Law : Supreme Court refuses to entertain appeal challenging NCLAT's remand of NCLT order on Resolution Plan approval. Get insights on th...

April 18, 2024 150 Views 0 comment Print


Latest Notifications


IBBI suspends IRP for sharing asset memorandum with prospective bidders

Corporate Law : Read about the IBBI's disciplinary action against Mr. Venkata Sivakumar, an Interim Resolution Professional, for sharing asset mem...

April 9, 2024 192 Views 0 comment Print

NCLAT Job Vacancies for Judicial & Technical Members: Application Guide

Corporate Law : Govt issued a circular detailing vacancies for Judicial & Technical Members posts in NCLAT with detailed guide to apply for these...

June 6, 2023 768 Views 0 comment Print

Reporting to CICs – Report Cases admitted with NCLT/NCLAT under IBC 2016 – RBI

Fema / RBI : It is clarified that cases admitted with National Company Law Tribunal (NCLT)/National Company Law Appellate Tribunal (NCLAT) unde...

December 13, 2022 807 Views 0 comment Print

Govt appoints Judicial & Technical Members in NCLAT

Corporate Law : Central Government appoints Judicial and Technical Members in National Company Law Appellate Tribunal (NCLAT) for a period of four...

July 22, 2022 288 Views 0 comment Print

Partial temporary relaxation in SOP for filing of Hard-Copies at NCLAT

Corporate Law : NCLAT Notice No. 138/2021 – Partial temporary relaxation in the Revised Standard Operating Procedure with regard to the fili...

July 6, 2021 369 Views 0 comment Print


NCLAT Job Vacancies for Judicial & Technical Members: Application Guide

June 6, 2023 768 Views 0 comment Print

Govt issued a circular detailing vacancies for Judicial & Technical Members posts in NCLAT with detailed guide to apply for these positions

Application u/s 7 of IBC duly admissible as there exists financial debt and default

May 30, 2023 696 Views 0 comment Print

NCLAT Delhi held that as there exists financial debt and default, application u/s 7 of the Insolvency and Bankruptcy Code (IBC) is duly admissible.

Liquidator should consider average of value arrived as per regulation 35 of CIRP Regulation, 2016

May 29, 2023 699 Views 0 comment Print

NCLAT Delhi held that liquidator is obliged to consider the average of the value arrived as per Regulation 35 of the CIRP Regulation, 2016.

IRP can reduce admitted claim based on Arbitration award

April 21, 2023 939 Views 0 comment Print

NCLAT held that The Resolution Professional has calculated the claim of the Appellant as per the award dated 19.01.2018. Appellant who has himself initiated the Arbitration Proceeding cannot deny that he is bound by the award which was delivered in his favour.

NCLAT cannot condone delay Beyond 15 Days, much Less 45 Days

April 21, 2023 576 Views 0 comment Print

Diwakar Sharma Vs Anand Sonbhadra (NCLAT Delhi) The issue in this case is as to whether the delay caused in filing of the appeal much beyond the period of 45 days can be condoned by NCLAT? Section 61 of Code deals with the Appeals and Appellate Authority. Section 61(1) of IBC, 2016 provides for a […]

NCLT cannot determine controversy of attachment of property under Prohibition of Benami Property Transactions Act

March 27, 2023 1401 Views 0 comment Print

NCLAT Chennai held that National Company Law Tribunal (NCLT) is not proper Fora to determine the controversies revolving around the attachment of property under the Prohibition of Benami Property Transactions Act, 1988.

Amount duly payable to liquidator as assets proved to be fictitious/ fraudulent

March 27, 2023 711 Views 0 comment Print

NCLAT Chennai held that as assets proved to be fictitious/ fraudulent and seems to have been created in books of accounts with an intent to defraud the creditors. Accordingly, amount duly payable to liquidator for distribution under section 53 of I&B Code, 2016.

Explanation u/s 14(1)(d) of IBC doesn’t apply to lease premium amount and lease rent

March 24, 2023 3252 Views 0 comment Print

NCLAT Delhi held that explanation under section 14(1)(d) of the Insolvency and Bankruptcy Code, 2016 (IBC) doesn’t apply to lease premium amount and lease rent.

Adjudicating Authority cannot issue final direction without hearing the Appellant: NCLAT

March 14, 2023 390 Views 0 comment Print

Rajasthan State Mines & Minerals Ltd Vs Parag Sheth & Ors (NCLAT Delhi) It is observed that direction issued by the Adjudicating Authority are final direction allowing an application filed by the RP without issuing notice to the Appellant. Learned Counsel for the Appellant submits that the directions could not have been issued without hearing […]

Is Reverse CIRP solving problems of Allottees/Buyers of Flat/Apartment/Shops?

March 10, 2023 3270 Views 0 comment Print

Explore the efficacy of Reverse CIRP in addressing issues faced by allottees/buyers of properties. Analyze the impact of legal decisions on this insolvency resolution process.