Tag: Insolvency and Bankruptcy Code
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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...
Corporate Guarantee Qualifies As Financial Debt Under IBC, Supreme Court Recognises SBI Consortium As Financial Creditors
The Supreme Court held that liabilities arising from corporate guarantees fall within the ambit of financial debt under Section 5(8) of the Insolvency and...
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 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....
