Tag: NCLT
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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,...
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...
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...
