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NCLAT Upholds CoC’s Discretion in Timeline Fixation During Continued CIRP Process Without Fresh Form-G
The NCLAT upheld the Committee of Creditors’ discretion in fixing timelines for submission of resolution plans during a continued CIRP...
May 53 min read
Supreme Court Restores Appeal Filed Within Exclusion Period; COVID-19 Limitation Relaxation Applies to NCLAT Appeals
The Supreme Court held that the COVID-19 limitation relaxation applies to appeals before the NCLAT and accordingly restored the appeal...
Apr 242 min read
Acknowledgement of Debt Extends Limitation for IBC Proceedings: NCLAT Upholds CIRP Admission Despite Appellant’s Possession Claims
NCLAT held that the acknowledgement of debt by the corporate debtor extended the limitation period for initiating IBC proceedings,...
Apr 233 min read
Validity of Section 95 Proceedings Against Personal Guarantors Post-Resolution Plan Approval
NCLAT upheld the validity of proceedings initiated under Section 95 of the IBC against Personal Guarantors, even after the approval of a...
Apr 213 min read
Restructuring Conduct Binds Debenture Trustee: NCLAT Rejects Section 7 Plea Amid Affirmed Moratorium
NCLAT held that the conduct of the Debenture Trustee in acting upon the restructuring proposal, including releasing securities and...
Apr 194 min read
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