Insolvency and Bankruptcy Code

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December 12, 2022

Petitioner had locus to file an appeal when NCLT admitted a plea filed u/s 9 without deciding his intervention plea

Case Details: Anil Kaushal v. … Continue reading “Petitioner had locus to file an appeal when NCLT admitted a plea filed u/s 9 without deciding his intervention plea”

Blog, News, Insolvency and Bankruptcy Code

December 9, 2022

NCLT’s order directing CoC to consider RP of other resolution applicants submitted after CIRP was unsustainable: NCLAT

Case Details: Mohammed Enterprises (Tanzania) … Continue reading “NCLT’s order directing CoC to consider RP of other resolution applicants submitted after CIRP was unsustainable: NCLAT”

News, Blog, Insolvency and Bankruptcy Code

December 7, 2022

NCLT rightly admitted plea filed u/s 9 as corporate debtor failed to adhere to MOU for payment of outstanding amount

Case Details: Palaparty Abhishek v. … Continue reading “NCLT rightly admitted plea filed u/s 9 as corporate debtor failed to adhere to MOU for payment of outstanding amount”

Blog, News, Insolvency and Bankruptcy Code

December 6, 2022

Any amount due against permission to use trademark in relation to licensed products shall be treated as operational debt: NCLAT

Case Details: Somesh Choudhary, Suspended … Continue reading “Any amount due against permission to use trademark in relation to licensed products shall be treated as operational debt: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

December 5, 2022

Money disbursed to corporate debtor as a payment to be adjusted in sale of land wasn’t a financial debt u/s 5(8)

Case Details: S. Chandriah v. … Continue reading “Money disbursed to corporate debtor as a payment to be adjusted in sale of land wasn’t a financial debt u/s 5(8)”

Blog, News, Insolvency and Bankruptcy Code

December 5, 2022

It was open to the respondent to terminate supply of electricity due to non-payment of earlier dues of CIRP period: NCLAT

Case Details: Shailesh Verma, Resolution … Continue reading “It was open to the respondent to terminate supply of electricity due to non-payment of earlier dues of CIRP period: NCLAT”

Blog, News, Insolvency and Bankruptcy Code

December 1, 2022

NCLT rightly rejected the claim application filed belatedly at end of liquidation by the appellant (EPFO): NCLAT

Case Details: Regional Provident Fund … Continue reading “NCLT rightly rejected the claim application filed belatedly at end of liquidation by the appellant (EPFO): NCLAT”

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November 29, 2022

CIRP plea filed u/s 7 was maintainable as both agreement b/w parties and financials of CD acknowledged the debt

Case Details: Amit Rajput v. … Continue reading “CIRP plea filed u/s 7 was maintainable as both agreement b/w parties and financials of CD acknowledged the debt”

Blog, News, Insolvency and Bankruptcy Code

November 26, 2022

IBBI revises fee structure applicable to Insolvency professionals (IPs) & IPEs

Circular No. IBBI/IP/56/2022, Dated 24.11.2022 … Continue reading “IBBI revises fee structure applicable to Insolvency professionals (IPs) & IPEs”

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November 22, 2022

Appeal by unsuccessful resolution applicant against RP approved by CoC with 100% voting was to be rejected

Case Details: PNC Infratech Ltd. … Continue reading “Appeal by unsuccessful resolution applicant against RP approved by CoC with 100% voting was to be rejected”