Byju's Crisis Deepens: NCLT Admits BCCI Plea Over ₹158 Crore Default
![Byju's Crisis Deepens: NCLT Admits BCCI Plea Over ₹158 Crore Default](https://static.wixstatic.com/media/d515a3_a4cc1dadab204f4da7594f30e701c073~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_a4cc1dadab204f4da7594f30e701c073~mv2.webp)
![IBBI Chairperson Calls for Enhanced Creditor Recovery Strategies to Boost Economic Impact](https://static.wixstatic.com/media/d515a3_61291f541d9a4d789dd4bdc04287a34a~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_61291f541d9a4d789dd4bdc04287a34a~mv2.webp)
- Jul 16
- 2 min
IBBI Chairperson Calls for Enhanced Creditor Recovery Strategies to Boost Economic Impact
![](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
![The Appellant does Not Qualify as an Operational Creditor under the IBC due to the Absence of Proof of debt as per the Contractual Terms agreed upon](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
- Jul 13
- 2 min
The Appellant does Not Qualify as an Operational Creditor under the IBC due to the Absence of Proof of debt as per the Contractual Terms agreed upon
![](https://static.wixstatic.com/media/d515a3_d453843978fc484d99b2a595edeadab4~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_d453843978fc484d99b2a595edeadab4~mv2.webp)
![Claims under the EPF Act, including contributions, interest, and damages, are not part of the liquidation estate; instead, these claims hold priority status](https://static.wixstatic.com/media/d515a3_d453843978fc484d99b2a595edeadab4~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_d453843978fc484d99b2a595edeadab4~mv2.webp)
- Jul 13
- 3 min
Claims under the EPF Act, including contributions, interest, and damages, are not part of the liquidation estate; instead, these claims hold priority status
![](https://static.wixstatic.com/media/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.webp)
![Mere Assignment of Trade Receivables Without Underlying Proof of Debt and Default is Insufficient to File an Application under Section 7 of the IBC](https://static.wixstatic.com/media/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.webp)
- Jul 12
- 3 min
Mere Assignment of Trade Receivables Without Underlying Proof of Debt and Default is Insufficient to File an Application under Section 7 of the IBC
![](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
![NCLAT clarifies that the sale of assets in liquidation under the IBC must strictly adhere to its provisions and regulations](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
- Jul 12
- 2 min
NCLAT clarifies that the sale of assets in liquidation under the IBC must strictly adhere to its provisions and regulations
![](https://static.wixstatic.com/media/d515a3_f14718b5c1454764bd4eae3cf6b04743~mv2.jpg/v1/fill/w_242,h_242,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_f14718b5c1454764bd4eae3cf6b04743~mv2.webp)
![While strict adherence to statutory timelines in a CIRP under IBC is essential, discretionary time extensions beyond 330 days are permissible in exceptional cases](https://static.wixstatic.com/media/d515a3_f14718b5c1454764bd4eae3cf6b04743~mv2.jpg/v1/fill/w_209,h_173,fp_0.50_0.50,q_90,enc_auto/d515a3_f14718b5c1454764bd4eae3cf6b04743~mv2.webp)
- Jul 12
- 3 min
While strict adherence to statutory timelines in a CIRP under IBC is essential, discretionary time extensions beyond 330 days are permissible in exceptional cases
![](https://static.wixstatic.com/media/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.webp)
![Whether a 'Certified Copy' of the Impugned Order, as required under Rule 22 of the NCLAT Rules, 2016, Necessary for Filing an Appeal](https://static.wixstatic.com/media/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_63b77778a10e48b1ae6c01dcf466a4d9~mv2.webp)
- Jul 11
- 4 min
Whether a 'Certified Copy' of the Impugned Order, as required under Rule 22 of the NCLAT Rules, 2016, Necessary for Filing an Appeal
![](https://static.wixstatic.com/media/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.webp)
![To File An Appeal, A Certified Copy as Defined under Section 76 of the Indian Evidence Act is Required, Involving A Demand and Payment of a Requisite Fee](https://static.wixstatic.com/media/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.webp)
- Jul 10
- 3 min
To File An Appeal, A Certified Copy as Defined under Section 76 of the Indian Evidence Act is Required, Involving A Demand and Payment of a Requisite Fee
![](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
![NCLAT reiterates that even partial non-payment constitutes a default and affirms that fresh defaults post-Section 10A period justify insolvency proceedings](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
- Jul 9
- 2 min
NCLAT reiterates that even partial non-payment constitutes a default and affirms that fresh defaults post-Section 10A period justify insolvency proceedings