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Suspension of Insolvency Professional’s AFA Doesn’t Affect Ongoing Assignments: Delhi High Court
Delhi High Court held that the suspension of an Insolvency Professional’s Authorisation for Assignment (AFA) does not affect ongoing...
20 hours ago2 min read
Pre-Existing Dispute over Legal Fees Bars CIRP: NCLAT Affirms Dismissal of Section 9 Petition by Senior Advocate for Non-Payment of Professional Services
NCLAT held that the existence of a pre-existing dispute precluded the initiation of CIRP and accordingly upheld the dismissal of the...
22 hours ago3 min read
NCLAT Rejects Conditional Withdrawal of Appeal by GBJ Hotels Following Supreme Court’s Confirmation of Property Sale to GRT Hotels
The National Company Law Appellate Tribunal (NCLAT) rejected the conditional withdrawal of the appeal filed by GBJ Hotels, following the...
2 days ago3 min read
NCLAT Chennai Dismisses Byju’s Appeal Against NCLT’s Interim Order in Aakash Shareholding Dispute
The National Company Law Appellate Tribunal (NCLAT), Chennai, dismissed Byju’s appeal challenging the interim order passed by the NCLT in...
2 days ago3 min read
NCLAT Sets Aside Adverse Observations Against Resolution Professional Misattributed from CoC Member’s Submissions
The NCLAT set aside the adverse observations made against the Resolution Professional, holding that they were incorrectly based on...
3 days ago3 min read
NCLAT Sets Aside NCLT Order and Restores Section 95 IBC Application Applying Supreme Court’s COVID-19 Limitation Exclusion
The NCLAT set aside the NCLT order and restored the Section 95 IBC application by applying the Supreme Court’s COVID-19 limitation...
4 days ago2 min read
Supreme Court Affirms Compliance of Resolution Plan with IBC – Declines Interference in Approved Judgment
The Supreme Court affirmed that the approved resolution plan was in compliance with the provisions of the Insolvency and Bankruptcy Code,...
4 days ago2 min read
NCLAT Sets Aside NCLT Order, Grants 90-Day Extension for CIRP Completion Citing Changed Circumstances and CoC Reconstitution
The National Company Law Appellate Tribunal (NCLAT) set aside the NCLT’s order and granted a 90-day extension for completion of the...
4 days ago3 min read
NCLAT Holds Adjudicating Authority Lacks Jurisdiction Over Customs Liability Disputes Under IBC Framework
The NCLAT held that the Adjudicating Authority lacks jurisdiction to adjudicate customs liability disputes under the framework of the...
4 days ago2 min read
NCLAT Rules Interest-Free Maintenance Security (IFMS) Not a Financial Debt: Rejects Section 7 IBC Plea
The NCLAT ruled that Interest-Free Maintenance Security (IFMS) is not a financial debt and rejected the Section 7 plea under the IBC. The...
5 days ago3 min read
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