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Maintainability of Section 61 Appeal Against Split NCLT Orders Denied as Premature by NCLAT
NCLAT holds that appeals against split opinions of NCLT members are not maintainable while the matter is pending before a Third Member for final adjudication.
May 142 min read
Hotel Horizon Private Limited v. Tea4Health Private Limited, REEDLAW 2026 NCLAT Del 05503
NCLAT reiterates that a substantiated pre-existing dispute bars CIRP initiation under Section 9 of the IBC, even where the operational debt exceeds the statutory threshold.
May 121 min read
Pre-Existing Dispute Bars Section 9 CIRP Initiation Despite Debt Threshold Satisfaction under IBC
NCLAT reiterates that a substantiated pre-existing dispute bars CIRP initiation under Section 9 of the IBC, even where the operational debt exceeds the statutory threshold.
May 123 min read
Sunil Surendrabhai Kakkad v. Samir Ganeshbhai Marathe and Another, REEDLAW 2026 NCLAT Del 05502
NCLAT held that foreign travel permission in bankruptcy proceedings cannot be granted once the underlying contract expires and the relief becomes infructuous.
May 111 min read
Foreign Travel in Bankruptcy Denied After Contract Expiry: NCLAT Clarifies Infructuous Relief Principle
NCLAT held that foreign travel permission in bankruptcy proceedings cannot be granted once the underlying contract expires and the relief becomes infructuous.
May 112 min read
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