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Successful Auction Purchaser Not Liable for Unfiled Pre-Liquidation Claims: NCLAT Rules in Purchaser’s Favour
The National Company Law Appellate Tribunal (NCLAT) held that a successful auction purchaser is not liable for claims that existed prior...
Jul 15, 20253 min read


NCLAT Declines Appeal, Awaits Third Member’s Opinion on Admission of Personal Guarantors Under Section 419(5), Companies Act
The National Company Law Appellate Tribunal (NCLAT) declined to entertain the appeal, observing that the matter concerning the admission...
Jul 15, 20253 min read


Madras High Court Holds NCLT Bound to Appoint IRP Proposed by Corporate Debtor Under IBC
The Madras High Court held that the NCLT is bound to appoint the Interim Resolution Professional (IRP) as proposed by the Corporate...
Jul 14, 20253 min read


Secured Creditor Bound to Contribute Towards Workmen’s Dues Under SARFAESI Act; No Liability for Liquidation Costs Under IBC
NCLAT held that a secured creditor who realises its security interest under the SARFAESI Act is bound to contribute proportionately...
Jul 14, 20253 min read


Bombay HC: No NI Act Liability for Ex-Directors When Cheques Dishonoured During IBC Moratorium and Liquidation
The Bombay High Court held that no liability under the Negotiable Instruments Act can be imposed on former directors for dishonour of...
Jul 13, 20253 min read


Fresh Section 7 IBC Application Maintainable on Post-Restructuring Default Despite Prior Default Falling Within Section 10A: NCLAT
NCLAT held that a fresh application under Section 7 of the IBC is maintainable on account of a default committed under restructured...
Jul 13, 20253 min read


Parliamentary Panel Recommends Dedicated NCLT and NCLAT Benches to Expedite IBC Cases
Shri Bhartruhari Mahtab, Chairperson of the Parliamentary Standing Committee on Finance, is leading the push for dedicated NCLT and NCLAT...
Jul 11, 20253 min read


CIRP Admission Set Aside as Operational Creditor Suppressed Payments and Failed to Meet ₹1 Crore Threshold: NCLAT
NCLAT set aside the admission of CIRP against the Corporate Debtor, holding that the Operational Creditor had suppressed material...
Jul 11, 20253 min read


Ratified IRP Fee Binding on CoC: NCLAT Affirms ₹9 Lakh Payment to Interim Resolution Professional (IRP)
NCLAT held that the ratified fee of ₹9 lakh for the Interim Resolution Professional (IRP) is binding on the Committee of Creditors (CoC)...
Jul 11, 20253 min read


General WhatsApp Message Cannot Constitute Pre-Existing Dispute to Defeat Section 9 IBC Petition: NCLAT
NCLAT held that a general WhatsApp message lacking specificity cannot constitute a pre-existing dispute sufficient to defeat a petition...
Jul 8, 20254 min read
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