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

An Advocate can issue demand notice on instruction of his client (operational creditor), even though not backed by Board Resolution

Refusal to accept delivery of notice is deemed acceptance of delivery & service of notice

Application u/s 9 of IBC, 2016 is maintainable irrespective of amount of claim

Operational Creditors not entitled to same treatment as given to Financial & Secured Creditors

‘Committee of Creditors’ may consider revised Resolution Plan

Mere Balance Sheet entries not amounts to acknowledgment of Debt under Limitation Act

Resolution Professional or Committee of Creditors cannot reclassify status of a creditor from Financial to Operational Creditor

Latest Case Law Related to IBC – July 2020 to September 2020

Conundrum on Merger between Company and LLP

MCA extends terms of Judicial Members & officiating Chairperson of NCLAT

No ‘Secured Creditor’ status to financier If Hypothecation Charge Not Registered

Lease rentals from use & occupation of a cold storage unit is ‘Operational Debt’ u/s 5(21) of IBC 2016

NCLT must give a reasonable opportunity of hearing: NCLAT

Term of NCLAT Chairperson, Bansi Lal Bhat extended
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.
