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Belated Claims Post-Resolution Plan Approval Not Maintainable: NCLAT Reiterates Finality of CIRP Under IBC
NCLAT held that belated claims filed after the approval of the resolution plan are not maintainable, reiterating the finality of the...
Jun 163 min read
NCLAT Rules Promoters Not Liable Under Section 65 IBC Without Direct Role in Fraudulent Initiation of CIRP
The NCLAT ruled that promoters cannot be held liable under Section 65 of the IBC unless they had a direct role in the fraudulent...
Jun 163 min read
NCLAT Denies Post-Argument Filing of Reply; Upholds Finality of Tribunal Proceedings
The NCLAT denied the filing of a reply after conclusion of arguments and upheld the finality of proceedings before the Tribunal. On 2...
Jun 153 min read
Mere Professional Engagement by Party’s Law Firm Does Not Disqualify Arbitrator Under Schedule VII: High Court
The High Court held that mere professional engagement of the arbitrator by the party’s law firm does not amount to disqualification under...
Jun 153 min read
NCLAT Dismisses Time-Barred Appeal Under IBC Section 61 as per Supreme Court Verdict on Non-Extendable Limitation
The NCLAT dismissed a time-barred appeal filed under Section 61 of the Insolvency and Bankruptcy Code, holding that the limitation period...
Jun 143 min read
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