NCLAT Upholds Enforceability of Personal Guarantors' Obligations Despite Assignment and Put Option Agreements
NCLAT rules that the Adjudicating Authority erred in denying the Successful Resolution Applicant protections under Section 32A of the IBC
NCLAT upholds the denial of permission for a fresh Section 9 application, stressing that withdrawals require sufficient grounds and strict adherence to insolvency timelines
NCLAT Emphasizes the Necessity of a Fair Hearing Before Dismissing Applications Under Section 7
A legal representative requires explicit client authorization to withdraw an application; any withdrawal without such authority is invalid
IBBI Announces Results of the 5th National Online Quiz on Insolvency and Bankruptcy Code, 2016
NCLAT Upholds Dismissal of Section 9 Application, Emphasizing Existence of Pre-Existing Dispute and Non-Completion of Contractual Obligations
Appeals under the Insolvency and Bankruptcy Code must adhere to a strict 45-day limitation, dismissing claims of lack of knowledge as insufficient grounds for delay
NCLAT Sets Aside the Order Initiating the CIRP, Clarifies the Standards for Admitting Operational Debt Disputes
Binding Nature of Resolution Plans in Corporate Insolvency: Upholding Pre-CIRP Dues Settlements