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Claims under the EPF Act, including contributions, interest, and damages, are not part of the liquidation estate; instead, these claims hold priority status
NCLAT held that claims under the EPF Act, encompassing contributions, interest, and damages, are not part of the liquidation estate under...
Jul 13, 20243 min read
Mere Assignment of Trade Receivables Without Underlying Proof of Debt and Default is Insufficient to File an Application under Section 7 of the IBC
NCLAT held that the mere assignment of trade receivables without underlying proof of debt and default is insufficient to file an...
Jul 12, 20243 min read
NCLAT clarifies that the sale of assets in liquidation under the IBC must strictly adhere to its provisions and regulations
NCLAT clarified that the sale of assets in liquidation under the IBC must strictly adhere to its provisions and regulations, ensuring...
Jul 12, 20242 min read
While strict adherence to statutory timelines in a CIRP under IBC is essential, discretionary time extensions beyond 330 days are permissible in exceptional cases
NCLAT held that while strict adherence to statutory timelines in a CIRP under IBC is essential, discretionary time extensions beyond 330...
Jul 12, 20243 min read
Whether a 'Certified Copy' of the Impugned Order, as required under Rule 22 of the NCLAT Rules, 2016, Necessary for Filing an Appeal
Whether a 'Certified Copy' of the impugned order, as required under Rule 22 of the NCLAT Rules, 2016, necessary for filing an appeal? The...
Jul 11, 20244 min read
To File An Appeal, A Certified Copy as Defined under Section 76 of the Indian Evidence Act is Required, Involving A Demand and Payment of a Requisite Fee
National Company Law Appellate Tribunal (NCLAT), Chennai Bench clarified that to file an appeal, a certified copy as defined under...
Jul 10, 20243 min read
NCLAT reiterates that even partial non-payment constitutes a default and affirms that fresh defaults post-Section 10A period justify insolvency proceedings
NCLAT reiterates that even partial non-payment constitutes a default and affirms that fresh defaults post-Section 10A period justify...
Jul 9, 20242 min read
NCLAT established a precedent in the case of Ranju Kumari v. Value Infracon, setting the law for claims filed after the approval of a resolution plan
NCLAT established a precedent in the case of Ranju Kumari v. Value Infracon, setting the law for claims filed after the approval of a...
Jul 9, 20242 min read
Key Amendments to Insolvency and Bankruptcy Code and Companies Law Likely in the Winter Session of Parliament
In the bustling corridors of the Ministry of Corporate Affairs (MCA) in New Delhi, a transformative agenda is unfolding. As winter...
Jul 7, 20242 min read
A Debt Arising From Unpaid Rent Under A Lease Agreement Qualifies As An Operational Debt Under The IB Code
NCLAT held that a debt arising from unpaid rent under a lease agreement qualifies as an operational debt under the IB Code. National...
Jul 5, 20242 min read
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