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Byju's committee of creditors votes to Replace Resolution Professional Following NCLT’s Scrutiny
The National Company Law Tribunal (NCLT) has taken a decisive step in the ongoing insolvency proceedings against Byju’s parent company,...
Feb 192 min read
Approval of a Resolution Plan Does Not Discharge Personal Guarantors' Liability, Reaffirms NCLAT
NCLAT reaffirmed that the approval of a Resolution Plan does not discharge the liability of personal guarantors. The National Company Law...
Feb 193 min read
Bankrupt Individual Cannot Seek Own Discharge Under Section 138(1) of IBC
NCLT ruled that a bankrupt individual cannot seek their own discharge under Section 138(1) of IBC. The NCLT New Delhi Bench, comprising...
Feb 183 min read
NCLAT Chennai Bench Set Aside NCLT’s Admission of Section 9 Application Due to Established Pre-existing Dispute
The NCLAT Chennai Bench set aside the NCLT's admission of the Section 9 application due to the establishment of a pre-existing dispute....
Feb 182 min read
Failure to Establish Sufficient Cause for Delay in Refiling Leads to Dismissal Under the Time-Bound Framework of IBC
NCLAT held that the failure to establish sufficient cause for the delay in refiling led to the dismissal of the application, emphasizing...
Feb 183 min read
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