May 92 minApproval of a Resolution Plan Does Not Discharge Personal Guarantors' LiabilitiesNCLAT held that the approval of a Resolution Plan does not discharge personal guarantors' liabilities. The National Company Law Appellate...
May 93 minNeed for a transparent mechanism to prevent misuse of penal measures outlined in the Master Circular against wilful defaulters Delhi High Court observed the need for a transparent mechanism to prevent misuse of penal measures outlined in the Master Circular...
May 82 minSection 66 of the IBC applies to any party involved in fraudulent transactions, irrespective of their relationship with the debtorNCLAT held that Section 66 of the IBC applies to any party involved in fraudulent transactions, irrespective of their relationship with...
May 72 minOnce the Erstwhile Resolution Professional was replaced, they lacked standing to challenge decisions made by the New Resolution Professional during the CIRP NCLAT held that once the Erstwhile Resolution Professional was replaced, they lacked standing to challenge decisions made by the New...
May 73 minThe 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 actionsAllahabad High Court held the effect of the moratorium under the IB code is confined only to the debtor company, promoters/directors will...