top of page
Search


Pre-existing Dispute Due to Contract Termination Bars CIRP Initiation under Section 9 of IBC, Rules NCLAT
The NCLAT ruled that the initiation of CIRP under Section 9 of the IBC was barred due to a pre-existing dispute arising from the...
Jul 24, 20253 min read


Allegations of Coercion Cannot Invalidate Withdrawal of CIRP Without Legal Proof, Rules NCLAT
NCLAT ruled that allegations of coercion cannot invalidate the withdrawal of CIRP under Section 12A of the IBC in the absence of legal...
Jul 23, 20253 min read


Pre-Existing Dispute over Special Quantity Discounts Bars Admission of Section 9 IBC Application
NCLAT held that the pre-existing dispute over special quantity discounts barred the admission of the Section 9 application under the...
Jul 23, 20253 min read


NCLAT: Mere Project Ownership Insufficient to Establish IBC Liability Without Privity of Contract
The NCLAT held that mere ownership of a project is insufficient to establish liability under the IBC in the absence of a privity of...
Jul 22, 20253 min read


Auction Cancellation Not Automatic on Payment Delay; NCLAT Upholds Liquidator’s Discretion in IBC Framework
The NCLAT held that auction cancellation is not automatic upon delay in payment of the balance consideration and upheld the liquidator’s...
Jul 21, 20253 min read


Transfer of Case by NCLT President Valid; NCLAT Holds No Appeal Maintainable Under IBC and Clarifies Remedy Lies Under Companies Act
NCLAT held that the transfer of the case by the NCLT President was valid, clarified that no appeal is maintainable under the IBC against...
Jul 20, 20253 min read


NCLAT Reaffirms Section 59 Timelines; Rejects Delayed Intervention in Voluntary Liquidation
The NCLAT reaffirmed the strict timelines under Section 59 of the IBC and rejected the delayed intervention application filed during the...
Jul 20, 20253 min read


Contribution Secured by Promissory Note Qualifies as Financial Debt under IBC; NCLAT Upholds CIRP Admission
The National Company Law Appellate Tribunal held that a contribution secured by a promissory note qualifies as a financial debt under the...
Jul 18, 20253 min read


NCLAT Holds Interest-Free Loan as Financial Debt; Overrules Section 186 of the Companies Act Defence to Uphold CIRP Initiation
The NCLAT held that an interest-free loan qualifies as a financial debt and overruled the defence based on Section 186 of the Companies...
Jul 17, 20253 min read


IBC Is Not a Recovery Forum: CIRP Application Rejected Where Amount Claimed Was Paid in Full, Additional Interest Dismissed
The National Company Law Tribunal (NCLT) held that the Insolvency and Bankruptcy Code (IBC) is not a recovery forum, and rejected the...
Jul 16, 20253 min read
bottom of page