Payment offered To The Operational Creditor Through Partly Paid Redeemable Preference Shares Is Not In Accordance With Section 30(2)(b)(ii) IBC
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The NCLAT observed that the payment offered to the Operational Creditor through partly paid Redeemable Preference shares is not as per...
- Apr 10
- 3 min
NCLAT Rejects Homebuyers' Application For Insolvency Proceedings Against Ansal Hi-Tech Township As It Does Not Meet The Threshold Requirements Of Section 7(1) Of The IBC
NCLAT rejects homebuyers' application for insolvency proceedings against Ansal Hi-Tech Township as it does not meet the threshold...
- Apr 9
- 2 min
New Resolution Applicants Are Not Entitled To Participate In The CIRP And Submit A Resolution Plan Without The Issuance Of Fresh 'Form G'
The NCLAT held that the New Resolution Applicants are not entitled to participate in the CIRP and submit a resolution plan without the...
- Apr 8
- 2 min
Filing Of Claims Under CIRP Within A Stipulated Timeline Though Important, Should Be Seen As A Directory Rather Than Mandatory
The NCLAT observed that filing of claims under CIRP within a stipulated timeline though important, should be seen as a directory rather...
- Apr 7
- 2 min
A Resolution Plan Must Ensure That Operational Creditors Receive At Least An Amount Equivalent To Their Liquidation Value
The NCLAT held that a resolution plan must ensure that operational creditors receive at least an amount equivalent to their liquidation...
- Apr 3
- 2 min
Debt Is To Be Considered A Financial Debt Under The Insolvency And Bankruptcy Code, Even If It Does Not Carry Interest
The NCLAT held that a debt is to be considered a financial debt under the Insolvency and Bankruptcy Code, even if it does not carry...
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