May 152 minAcknowledgement of the Debt by the Guarantor Extends the Limitation PeriodNCLAT Principal Bench held that the acknowledgement of the debt by the guarantor extends the limitation period. The National Company Law...
May 153 minCan time-barred debts be recovered through remedies other than civil suits as per special laws: SC Refers to a 3-judge bench for a comprehensive examinationSupreme Court referred the matter to the Chief Justice of India to convene an appropriate three-judge bench for a comprehensive...
May 152 minNCLAT Upholds the Adjudicating Authority's Right to Allow Modifications to the Resolution PlanNCLAT upholds the Adjudicating Authority's Right to allow modifications to the resolution plan. The National Company Law Appellate...
May 142 minNCLAT reiterates that new claims cannot be entertained after the approval of the Resolution Plan by the CoCNCLAT reiterates that new claims cannot be entertained after the approval of the Resolution Plan by the Committee of Creditors. The...
May 132 minNCLAT upholds the extension of the CIRP beyond the statutory limit of 330 days, emphasizing the need for flexibility in exceptional circumstancesThe National Company Law Appellate Tribunal (NCLAT) upheld the extension of the Corporate Insolvency Resolution Process (CIRP) beyond the...