NCLT approves the Resolution Plan of Jupiter Wagons Ltd & dismisses the allegation of irregularities
![NCLT approves the Resolution Plan of Jupiter Wagons Ltd & dismisses the allegation of irregularities](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)
![](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)
![Prior approval from RBI is not always required for an ARC to participate as Resolution Co-Applicant](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 8, 2023
- 2 min
Prior approval from RBI is not always required for an ARC to participate as Resolution Co-Applicant
![](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)
![NCLAT directs the inclusion of 100% dues of provident fund and gratuity in the 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)
- Jul 8, 2023
- 2 min
NCLAT directs the inclusion of 100% dues of provident fund and gratuity in the Resolution Plan
![](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)
![NCLAT finds the alleged disputes raised by the CD are spurious and OC is entitled to initiate CIRP](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 7, 2023
- 2 min
NCLAT finds the alleged disputes raised by the CD are spurious and OC is entitled to initiate CIRP
![](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)
![NCLAT reverses the order of the liquidation and directed the AA to revive the corporate debtor](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 7, 2023
- 3 min
NCLAT reverses the order of the liquidation and directed the AA to revive 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)
![Regulation 39(1A) of CIRP Regulations does not prohibit the CoC from negotiating the 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)
- Jul 6, 2023
- 2 min
Regulation 39(1A) of CIRP Regulations does not prohibit the CoC from negotiating the Resolution Plan
![](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)
![The AA Overstepped by Ordering a Revised Resolution Plan After the Challenge Process had Ended](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 5, 2023
- 3 min
The AA Overstepped by Ordering a Revised Resolution Plan After the Challenge Process had Ended
![](https://static.wixstatic.com/media/d515a3_3d1bfbae6b2e4f36ad024d42dc2b94a2~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_3d1bfbae6b2e4f36ad024d42dc2b94a2~mv2.webp)
![Jurisdiction of NCLT is limited to matters directly related to the insolvency of a corporate debtor](https://static.wixstatic.com/media/d515a3_3d1bfbae6b2e4f36ad024d42dc2b94a2~mv2.jpg/v1/fill/w_209,h_180,fp_0.50_0.50,q_90,enc_auto/d515a3_3d1bfbae6b2e4f36ad024d42dc2b94a2~mv2.webp)
- Jun 17, 2023
- 3 min
Jurisdiction of NCLT is limited to matters directly related to the insolvency of a corporate debtor
![](https://static.wixstatic.com/media/d515a3_a038ab9a3cb24c299ad3e03e2328fee2~mv2.jpg/v1/fill/w_148,h_148,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_a038ab9a3cb24c299ad3e03e2328fee2~mv2.webp)
![Central Govt. notifies exemptions to specific transactions, arrangements & agreements under IBC 2016](https://static.wixstatic.com/media/d515a3_a038ab9a3cb24c299ad3e03e2328fee2~mv2.jpg/v1/fill/w_209,h_106,fp_0.50_0.50,q_90,enc_auto/d515a3_a038ab9a3cb24c299ad3e03e2328fee2~mv2.webp)
- Jun 17, 2023
- 2 min
Central Govt. notifies exemptions to specific transactions, arrangements & agreements under IBC 2016
![](https://static.wixstatic.com/media/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.webp)
![The Insolvency Professionals to Act as IRPs, Liquidators, RPs & BTs (Recommendation) Guidelines 2023](https://static.wixstatic.com/media/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_cb1ce2dbbcee494a9bcb5c3bb1542b9c~mv2.webp)
- Jun 17, 2023
- 2 min
The Insolvency Professionals to Act as IRPs, Liquidators, RPs & BTs (Recommendation) Guidelines 2023