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NCLAT Quashes the Order of NCLT in Admitting Section 7 Application: Clarifying Financial Debt Definition in Family Business Disputes
The NCLAT quashed the order of the NCLT admitting the Section 7 application, clarifying the definition of financial debt in the context...
Oct 8, 20242 min read


NCLAT Quashes Judgment for Violating Principles of Natural Justice and Remands Case for Fresh Adjudication
The NCLAT quashed the judgment for violating the principles of natural justice and remanded the case for fresh adjudication. The National...
Oct 7, 20242 min read


An application under Section 9 of the IBC must be dismissed if a pre-existing dispute is evidenced by communications prior to the demand notice: NCLAT
NCLAT held that an application under Section 9 of the Insolvency and Bankruptcy Code (IBC) should be dismissed if a pre-existing dispute...
Oct 7, 20243 min read


Resolution Professional’s Improper Rejection of Operational Creditor’s Claim Contravenes Prior Judicial Decisions
The NCLAT upheld judicial precedents by declaring the Resolution Professional's actions improper for rejecting the claims of the...
Oct 7, 20242 min read


High Court Upholds Termination of Developer’s Rights: Orders Authorities to Process Redevelopment Permissions Despite CIRP Moratorium
The High Court upheld the termination of the developer’s rights and directed the authorities to process redevelopment permissions for the...
Oct 7, 20242 min read


Stock Brokers Classified as Financial Service Providers: NCLT Declares Section 9 Petition Not Maintainable and Exempts from CIRP
The National Company Law Tribunal (NCLT) Hyderabad has classified stock brokers as financial service providers declared the Section 9...
Oct 7, 20242 min read


Driving the Next Phase of Insolvency Reforms: A Call for Second-Generation IBC Amendments
Amitabh Kant , G20 Sherpa and former CEO of Niti Aayog, has emphasized the need for second-generation reforms to the Insolvency and...
Oct 5, 20242 min read


Eighth Annual Day of IBBI: Celebrating the Transformative Impact of the Insolvency and Bankruptcy Code (IBC)
The Insolvency and Bankruptcy Board of India (IBBI) celebrated its Eighth Annual Day with an event that featured discussions on the...
Oct 3, 20244 min read


Impleadment of Necessary Party and Remand for Fresh Adjudication in Undervalued Transaction Under IBC
The necessary party was impleaded, and the matter was remanded for fresh adjudication regarding the undervalued transaction under the...
Oct 3, 20242 min read


Approved Resolution Plan Binds All Stakeholders, Extinguishing Unaddressed Claims Under IBC, 2016
The approved resolution plan is binding on all stakeholders, and any unaddressed claims are extinguished under the provisions of the...
Oct 3, 20243 min read
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