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

Trust is included in definition of ‘person’ hence can be a ‘resolution applicant’

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

Financial creditors insolvency application maintainable for “interest alone” even if principal amount is not due

Disputes Pertaining to Contractual Issues not to be Resolved in Section 9 IBC Proceedings

147 Days delay in filing Appeal was condoned on basis of equity

Operational Creditors can be classified for deciding manner of distribution of money by CoC

Scheme of amalgamation allowed as net worth of transferor and transferee company is highly positive

Appeal u/s 7 of IBC becomes infructuous as recommendation to liquidate company is already pending

Section 96(1)(b) of I & B Code doesn’t contemplate stay to any future liability

No Prohibition for appearance in representing different Company, in separate proceedings u/s 7 IBC: NCLAT

Default during Section 10A Period cannot be clubbed to Meet Threshold Requirement under IBC, 2016

Change in COC Composition will not affect costs & fees ratified by earlier CoC

Condonation cannot be granted under Section 61 of IBC as limitation period is 30 days which is extendable to 45 days

Advance payment is covered within the definition of Operational Debt
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.
