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Tribunal & Appellate Tribunal Updates

Liquidation Amendments Cannot Retrospectively Invalidate Prior Sale Orders: NCLAT

The National Company Law Appellate Tribunal has barred the retrospective application of liquidation regulatory amendments, ruling that a sale process ...

Sep 16, 20264 minsrefs1 Case Citationscitations1 Statute Refs
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NCLAT Reaffirms Strict 45-Day Limitation For Appeals Under IBC

The National Company Law Appellate Tribunal has slammed the doors on appeals filed beyond the statutory outer limit, ruling that it possesses no juris...

Sep 16, 20264 minsrefs4 Case Citationscitations1 Statute Refs
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IBC Section 32A Protection Extends To Going Concern Sales During Liquidation: NCLAT

The National Company Law Appellate Tribunal has fortified the 'clean slate' doctrine by ruling that the statutory immunity under Section 32A of the In...

Sep 14, 20264 minsrefs1 Case Citationscitations1 Statute Refs
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Section 94 IBC Process Not Shield For Personal Guarantors To Stall Recovery: NCLAT

The National Company Law Appellate Tribunal (NCLAT) has slammed personal guarantors for using insolvency proceedings as a tactical weapon to frustrate...

Sep 9, 20265 minsrefs1 Case Citationscitations2 Statute Refs
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NCLAT Invokes Equity To Close CIRP In Procedural Stalemate

The National Company Law Appellate Tribunal (NCLAT) has terminated insolvency proceedings against a viable corporate entity, ruling that the hyper-tec...

Sep 9, 20265 minsrefs2 Case Citationscitations1 Statute Refs
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NCLT Stays Approval of Subhash Chandra’s ₹6.25-Crore Repayment Plan

The newly constituted five-member Bench of the National Company Law Tribunal (NCLT), New Delhi, on September 1, stayed the NCLT Order on Subhash Chand...

Sep 1, 20263 mins
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NCLAT Sets Aside Resolution Plan Over Inflated Claims & Faulty IM

In a decisive blow to flawed insolvency proceedings, the NCLAT has quashed an approved resolution plan based on an inflated claim and a misleading Inf...

Sep 1, 20264 minsrefs6 Case Citationscitations3 Statute Refs
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