Tag: IBC
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Supreme Court Takes Suo Motu Case On NCLT Resolution Plan Delays
The Court noted that 383 resolution plan approval applications are pending before NCLT benches, with delays ranging from 48 days to 738 days and,...
RP’s Admission Of Claim Is Not Debt Acknowledgment: Supreme Court
The Supreme Court set aside the NCLAT ruling which held that admission of a creditor’s claim by a resolution professional gives a fresh limitation...
Supreme Court: Insolvency and Bankruptcy Code, 2016 Cannot Be Used as Substitute for Decree Execution
Supreme Court sets aside NCLAT order in Anjani Technoplast Ltd v Shubh Gautam, holds insolvency process cannot be invoked as a recovery mechanism where...
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)...
