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Can time-barred debts be recovered through remedies other than civil suits as per special laws: SC Refers to a 3-judge bench for a comprehensive examination
Supreme Court referred the matter to the Chief Justice of India to convene an appropriate three-judge bench for a comprehensive...
May 15, 20243 min read
NCLAT Upholds the Adjudicating Authority's Right to Allow Modifications to the Resolution Plan
NCLAT upholds the Adjudicating Authority's Right to allow modifications to the resolution plan. The National Company Law Appellate...
May 15, 20242 min read
NCLAT reiterates that new claims cannot be entertained after the approval of the Resolution Plan by the CoC
NCLAT reiterates that new claims cannot be entertained after the approval of the Resolution Plan by the Committee of Creditors. The...
May 14, 20242 min read
NCLAT upholds the extension of the CIRP beyond the statutory limit of 330 days, emphasizing the need for flexibility in exceptional circumstances
The National Company Law Appellate Tribunal (NCLAT) upheld the extension of the Corporate Insolvency Resolution Process (CIRP) beyond the...
May 13, 20242 min read
NCLAT Sets Aside Adjudicating Authority's Retrospective Extension Order, Grants Extension From the Date of Disposal of the Appeal
NCLAT sets aside the Adjudicating Authority's retrospective extension order and grants an extension from the date of disposal of the...
May 13, 20242 min read
Supreme Court Dismisses MSME Plea Against Section 43B(h) of the Income Tax Act: 45-Day Credit Extension Rule
Supreme Court Dismisses MSME Plea Against Section 43B(h) of the Income Tax Act: 45-Day Credit Extension Rule. The Supreme Court recently...
May 13, 20241 min read
Even the appellant's status as an allottee does not affect the validity of Section 7 application due to non-compliance with the necessary provisions under IB Code
NCLAT observed that even the appellant's status as an allottee does not affect the validity of the Section 7 application due to...
May 13, 20242 min read
Complaints under Section 138 of the NI Act against a company and its directors cannot proceed after the initiation of winding-up proceedings or during the moratorium
Delhi High Court held that the complaints under Section 138 of the NI Act against a company and its directors cannot proceed after the...
May 12, 20242 min read
A Successful Resolution Applicant cannot unilaterally withdraw or modify their approved Resolution Plan
NCLAT reiterated that a Successful Resolution Applicant cannot unilaterally withdraw or modify their approved Resolution Plan. The...
May 12, 20242 min read
NCLAT set aside the Adjudicating Authority's approval of a withdrawal proposal under Section 12A and the CIRP for the Corporate Debtor was revived
NCLAT set aside the Adjudicating Authority's approval of a withdrawal proposal under Section 12A and the CIRP for the Corporate Debtor...
May 11, 20242 min read
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