NCLAT established a precedent in the case of Ranju Kumari v. Value Infracon, setting the law for claims filed after the approval of a resolution plan
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![NCLAT established a precedent in the case of Ranju Kumari v. Value Infracon, setting the law for claims filed after the approval of a resolution plan](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)
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![Key Amendments to Insolvency and Bankruptcy Code and Companies Law Likely in the Winter Session of Parliament](https://static.wixstatic.com/media/d515a3_6247480ee8b14b07841e48da59cd9558~mv2.jpg/v1/fill/w_209,h_183,fp_0.50_0.50,q_90,enc_auto/d515a3_6247480ee8b14b07841e48da59cd9558~mv2.webp)
- Jul 7
- 2 min
Key Amendments to Insolvency and Bankruptcy Code and Companies Law Likely in the Winter Session of Parliament
![](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)
![A Debt Arising From Unpaid Rent Under A Lease Agreement Qualifies As An Operational Debt Under The IB Code](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 5
- 2 min
A Debt Arising From Unpaid Rent Under A Lease Agreement Qualifies As An Operational Debt Under The IB Code
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![Moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 does not bar the encashment of a Performance Bank Guarantee](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 4
- 2 min
Moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 does not bar the encashment of a Performance Bank Guarantee
![](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)
![NCLAT Allows Appeal, Finding Error in Adjudicating Authority's Dismissal of Section 7 Application](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 4
- 2 min
NCLAT Allows Appeal, Finding Error in Adjudicating Authority's Dismissal of Section 7 Application
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![Classification of Loan as Non-Performing Asset (NPA) Date Constitutes A Date Of Default Under The Insolvency and Bankruptcy Code: NCLAT](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 3
- 3 min
Classification of Loan as Non-Performing Asset (NPA) Date Constitutes A Date Of Default Under The Insolvency and Bankruptcy Code: NCLAT
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![Absent possession by the Corporate Debtor and proof of valid assignment, the Resolution Professional lacks authority to inspect or control assets of a third party](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 3
- 2 min
Absent possession by the Corporate Debtor and proof of valid assignment, the Resolution Professional lacks authority to inspect or control assets of a third party
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![The intent of the IBC, complemented by the RBI guidelines and Section 10A, is to sustain CDs during unprecedented financial distress, rather than push them into insolvency](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 2
- 3 min
The intent of the IBC, complemented by the RBI guidelines and Section 10A, is to sustain CDs during unprecedented financial distress, rather than push them into insolvency
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![An application is considered filed when presented at the registry, not when it is numbered: NCLAT](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 2
- 2 min
An application is considered filed when presented at the registry, not when it is numbered: NCLAT
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![Once a Resolution Plan is approved, all pre-approval claims are barred, thereby prohibiting reassessment actions under Section 144B of the Income Tax Act, 1961](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)
- Jun 29
- 2 min
Once a Resolution Plan is approved, all pre-approval claims are barred, thereby prohibiting reassessment actions under Section 144B of the Income Tax Act, 1961