Once the Erstwhile Resolution Professional was replaced, they lacked standing to challenge decisions made by the New Resolution Professional during the CIRP
![](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)
![Once the Erstwhile Resolution Professional was replaced, they lacked standing to challenge decisions made by the New Resolution Professional during the CIRP](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)
![](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)
![The effect of the moratorium under the IBC is confined only to the debtor company; promoters/directors will be personally liable and be prosecuted for their fraudulent actions](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)
- May 7
- 3 min
The effect of the moratorium under the IBC is confined only to the debtor company; promoters/directors will be personally liable and be prosecuted for their fraudulent actions
![](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)
![Limitation period for filing the Appeal commences from the date of pronouncement of the Order, Not from the date of receipt or uploading of the order](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)
- May 6
- 2 min
Limitation period for filing the Appeal commences from the date of pronouncement of the Order, Not from the date of receipt or uploading of the order
![](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)
![A decree obtained in a recovery proceeding constitutes a financial debt; the holder of such decree is entitled to initiate CIRP against the Corporate Debtor](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)
- May 6
- 2 min
A decree obtained in a recovery proceeding constitutes a financial debt; the holder of such decree is entitled to initiate CIRP against the Corporate Debtor
![](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)
![Mere mention of interest in invoices does not establish a legal obligation: NCLAT](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)
- May 5
- 2 min
Mere mention of interest in invoices does not establish a legal obligation: NCLAT
![](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)
![Resolution Plan Disqualification: Control Timing Critical Beyond NPA Declaration](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)
- May 5
- 2 min
Resolution Plan Disqualification: Control Timing Critical Beyond NPA Declaration
![](https://static.wixstatic.com/media/d515a3_1b5cb22fd9c54d2fbd81edd248520c56~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_1b5cb22fd9c54d2fbd81edd248520c56~mv2.webp)
![The CoC's Commercial Wisdom: Navigating the Corporate Insolvency Resolution Voyage in the right direction](https://static.wixstatic.com/media/d515a3_1b5cb22fd9c54d2fbd81edd248520c56~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_1b5cb22fd9c54d2fbd81edd248520c56~mv2.webp)
- May 5
- 2 min
The CoC's Commercial Wisdom: Navigating the Corporate Insolvency Resolution Voyage in the right direction
![](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's intervention in the resolution plan allocation of funds to the operational creditor is unwarranted if above the liquidation value threshold](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)
- May 4
- 2 min
NCLAT's intervention in the resolution plan allocation of funds to the operational creditor is unwarranted if above the liquidation value threshold
![High Courts should exercise caution in entertaining petitions under Article 226 of the Constitution when alternative statutory remedies are available, especially in Financial Matters](https://static.wixstatic.com/media/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.webp)
- May 4
- 3 min
High Courts should exercise caution in entertaining petitions under Article 226 of the Constitution when alternative statutory remedies are available, especially in Financial Matters
![](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 rules in favour of the Appellant, setting aside the NCLT's decision, and mandates the inclusion of the Appellant in CoC with voting rights during the CIRP](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)
- May 3
- 2 min
NCLAT rules in favour of the Appellant, setting aside the NCLT's decision, and mandates the inclusion of the Appellant in CoC with voting rights during the CIRP