Tag: corporate insolvency
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NCLT Kochi: Liquidator Cannot Decide Disputed Claims; Role Limited to Verification Under IBC
The National Company Law Tribunal (NCLT), Kochi Bench, has clarified that a liquidator under the Insolvency and Bankruptcy Code (IBC) cannot adjudicate disputed claims....
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...
NCLAT: SEBI Penalties Imposed After Liquidation Not Admissible Under IBC
The National Company Law Appellate Tribunal (NCLAT), New Delhi Bench, has held that penalties imposed by the Securities and Exchange Board of India (SEBI)...
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...
Group Insolvency Gets Judicial Backing: Supreme Court Allows Single IBC Petition for Interlinked Companies
Single Insolvency Proceeding Maintainable Against Closely Connected Corporate Entities, Rules Supreme Court
In a landmark ruling that strengthens the framework of insolvency resolution in India,...
