Mar 62 minMSME Status at CIRP Initiation Does Not Disqualify If Acquired Before the Submission of a Resolution PlanThe NCLAT, Principal Bench overturned an Adjudicating Authority decision, stating that MSME status at CIRP initiation does not disqualify...
Mar 51 minInsolvency and Bankruptcy Board of India (IBBI) Releases Report on Voluntary Liquidation Processes, Revealing Key Financials and TimelinesIn a significant development, the Insolvency and Bankruptcy Board of India (IBBI) has unveiled the outcomes of Voluntary Liquidation...
Mar 52 minResolution Professional's role is not to decide jurisdictional issues but to facilitate the processThe National Company Law Appellate Tribunal (NCLAT), New Delhi bench comprising Justice Ashok Bhushan and Barun Mitra was hearing an...
Mar 32 minAfter the Approval of a Resolution Plan by the CoC, There is No Jurisdiction to Consider a Fresh Settlement Proposal under Section 12AThe bench of Justice Ashok Bhushan, Barun Mitra and Arun Baroka at the National Company Law Appellate Tribunal (NCLAT), New Delhi held...
Mar 12 minMere Fact of Being a Former Promoter or Director Did Not Make Him Ineligible to Submit a Resolution PlanThe National Company Law Appellate Tribunal (NCLAT), Delhi Bench comprising Justice Ashok Bhushan, Chairperson with Technical Members,...
Mar 12 minStandard Penalty Provisions and Security Measures in the Agreement Cannot Alter the Fundamental Character of the TransactionThe National Company Law Appellate Tribunal, Principal Bench, New Delhi headed by Justice Ashok Bhushan held that Standard penalty...