#NCLAT
Log in to FollowLatest NCLAT judgments, orders, IBC developments, insolvency and corporate law updates with practical legal analysis on TaxGuru.

NCLAT upheld admission of Insolvency application & dismissed appeal by Former Promoter

Status quo order restoring liquidator under voluntary liquidation process not justified

Contingencies as part of resolution plan justifiable: NCLAT Delhi

Application u/s. 9 of IBC not rejectable as undisputed significant portion of debt is above threshold limit

Submission of amended petition by adding relief without obtaining order not tenable

Delay in restoration appeal against NCLT order condoned as sufficient cause shown: NCLAT Delhi

Delay of 147 days in refiling appeal against NFRA order without appropriate reasons not condoned

Approval of resolution plan doesn’t ipso facto absolve guarantor

Delay in filing Restoration Application in Contempt Proceedings condoned by NCLAT

Demerger between closely held family concerns allowed based on shareholders unequivocal consent

Resolution plan didn’t require prior approval of CCI as exempt vide MCA notification dated 07.03.2024

Existence of financial debt and default thereof established hence section 7 application rightly admitted

Liquidation application to be proceeded as resolution plan not implemented

Section 7 application under IBC admissible as debt and default proved
Explore the latest NCLAT judgments, orders and legal developments on TaxGuru. Coverage includes the Insolvency and Bankruptcy Code, CIRP, liquidation, resolution plans, creditor and debtor rights, Companies Act issues and related appellate developments. The page is designed to help insolvency professionals, companies, lenders and advisers follow significant rulings and their practical corporate-law implications.
