Aug 21 minIBBI Organises Workshop to Unveil New Asset Auction Platform for LiquidationOn July 24, 2024, the Insolvency and Bankruptcy Board of India (IBBI) conducted a significant workshop in Mumbai, focusing on the...
Aug 22 minNCLAT Upholds Forfeiture of INR 10 Crores for Appellant’s Non-Compliance with the Resolution PlanNCLAT upholds forfeiture of INR 10 crores for the Appellant’s non-compliance with the resolution plan. The National Company Law Appellate...
Aug 12 minSecurity Deposit Claims Do Not Qualify for Operational Creditor Status Under the Insolvency and Bankruptcy CodeNCLAT held that the security deposit claims do not qualify for operational creditor status under the Insolvency and Bankruptcy Code. The...
Aug 12 minNCLAT Upholds the Operational Creditor's Claim Despite the Corporate Debtor's Allegations of Fabricated Invoices and Involvement of a Shell CompanyNCLAT upholds the Operational Creditor's claim despite the Corporate Debtor's allegations of fabricated invoices and involvement of a...
Aug 13 minCommittee of Creditors (CoC) Lacks Jurisdiction to Substitute or Modify the Successful Resolution Applicant’s Post-Plan ApprovalNCLAT ruled that the Committee of Creditors (CoC) lacks jurisdiction to substitute or modify the Successful Resolution Applicant’s...