Jun 12, 20213 minNCLAT rejects application seeking admission of claim as the debt didn’t qualify as 'financial debt' The Hon’ble National Company Law Appellate Tribunal, New Delhi dismissed an application filed by a Financial Creditor for admission of...
Jun 11, 20212 minApplication to recover claim not forming part of Approved Resolution Plan cannot be admitted: NCLATThe Hon’ble National Company Law Appellate Tribunal, Chennai (NCLAT) in the matter of C. Somaiah Nadar v. P dot G Constructions Private...
Jun 10, 20214 minSection 53(1)(E) of the IBC shall have an overriding effect over section 194-IA of Income Tax ActThe Hon’ble National Company Law Appellate Tribunal, New Delhi in the matter of Om Prakash Agrawal v. Chief Commissioner of Income Tax...
Jun 10, 20214 minDecisions of CoC constituted in violation of IBC cannot be validated on pretext of commercial wisdomThe Hon’ble National Company Law Appellate Tribunal (NCLAT), New Delhi in the matter of Jayanta Banerjee v. Shashi Agarwal Liquidator of...
Jun 8, 20214 minAdvance received by Corporate Debtor for supply of goods during CIRP is to be treated as CIRP costThe Hon’ble National Company Law Appellate Tribunal, New Delhi in the matter of Tuf Metallurgical Private Limited v. Impex Metal & Ferro...
Jun 7, 20215 minSupreme Court denies back-door entry of defaulting promoters in CIRP under section 29A of IBCA Division Bench of the Hon’ble Supreme Court comprising Justices Dr. Dhananjaya Y. Chandrachud and M. R. Shah in the case of Arun Kumar...