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Resolution Plan Submitted After Deadline Cannot Be Entertained, Adjudicating Authority Cannot Direct CoC to Accept It
NCLAT held that a resolution plan submitted after the deadline cannot be entertained and the Adjudicating Authority cannot direct the CoC...
Mar 184 min read
Form B Notice Under Rule 7(1) Does Not Extend Limitation for Section 95 Application – NCLAT Dismisses Time-Barred Appeal
NCLAT held that a Form B notice issued under Rule 7(1) does not extend the limitation period for filing a Section 95 application and...
Mar 173 min read
Cheque Dishonour Complaint Maintainable at Payee’s Bank Location; Accused’s Convenience Not a Ground for Transfer: Supreme Court
The Supreme Court had ruled that a cheque dishonour complaint is maintainable at the payee’s bank location and that the accused cannot...
Mar 133 min read
High Court Cannot Interfere in CIRP Under Article 226 When Statutory Remedies Exist – Supreme Court Reiterates IBC as a Complete Code
The Supreme Court reiterated that the High Court cannot interfere in the Corporate Insolvency Resolution Process (CIRP) under Article 226...
Mar 124 min read
Statutory Dues Under the Electricity Act Prevail Over the IBC’s Clean Slate Principle: NCLAT Upholds Liability for Fuel Surcharge and Special Fuel Surcharge
NCLAT upheld the liability for Fuel Surcharge and Special Fuel Surcharge, ruling that statutory dues under the Electricity Act prevailed...
Mar 123 min read
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