Tag: CIRP
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NCLT Mumbai Bars Land Record Changes During IBC Moratorium
The NCLT Mumbai has held that authorities cannot change land records during the moratorium under Section 14 of the IBC. They cannot mutate the...
NCLT Admits Bhushan Power Insolvency Plea Over ₹137 Crore Debt
The National Company Law Tribunal (NCLT) has admitted an insolvency application filed by Bhushan Power & Steel Limited (BPSL) against its subsidiary company over...
SC on CoC Wisdom and Judicial Review
The Supreme Court has clarified that although the commercial wisdom of the Committee of Creditors (CoC) enjoys primacy under the Insolvency and Bankruptcy Code...
SC: Pending Restructuring Doesn’t Bar Section 7 CIRP
The Supreme Court on Tuesday (February 24) held that ongoing or pending restructuring discussions for a debt-laden corporate debtor do not, by themselves, stop...
Benami Act Attachment During CIRP Can’t Be Challenged Before NCLT/NCLAT: Supreme Court
The Supreme Court on Monday upheld an NCLAT ruling that a provisional attachment under the Prohibition of Benami Property Transactions Act, 1988 can be...
