National Company Law Appellate Tribunal Case Commentaries

Financial Debt Classification under IBC Section 5(8)(f): Kakade v. HDFC Ventures Trustee Company Limited

Date: Nov 25, 2023

Financial Debt Classification under IBC Section 5(8)(f): Kakade v. HDFC Ventures Trustee Company Limited Introduction The case of Sanjay D Kakade v. HDFC Ventures Trustee Company Limited and Ors. was...

Defining the Date of Default for Corporate Guarantors under Section 10A of the IBC: Insights from ASHOK TIWARI v. TATTVA & MITTAL LIFESPACES Pvt Ltd

Date: Nov 1, 2023

Defining the Date of Default for Corporate Guarantors under Section 10A of the IBC: Insights from ASHOK TIWARI v. TATTVA & MITTAL LIFESPACES Pvt Ltd Introduction The case of Ashok Tiwari v. Tattva &...

NCLAT Establishes Section 10A Supremacy Over Section 7 Applications in IDBI Trusteeship Services Ltd. v. Direct Media Distribution Ventures Pvt. Ltd.

Date: Sep 13, 2023

NCLAT Establishes Section 10A Supremacy Over Section 7 Applications in IDBI Trusteeship Services Ltd. v. Direct Media Distribution Ventures Pvt. Ltd. Introduction The case of IDBI Trusteeship...

Clarifying the Boundaries for Section 9 IBC Applications: NCLAT's Decision in Tricolite Electrical Industries Ltd v Wipro Ltd

Date: Sep 5, 2023

Clarifying the Boundaries for Section 9 IBC Applications: NCLAT's Decision in Tricolite Electrical Industries Ltd v Wipro Ltd Introduction The case of Tricolite Electrical Industries Limited vs....

Extinguishment of Personal Guarantees in Resolution Plans: SVA Family Welfare Trust & Anr v. UJAAS ENERGY LIMITED AND Ors

Date: Aug 22, 2023

Extinguishment of Personal Guarantees in Resolution Plans: SVA Family Welfare Trust & Anr v. UJAAS ENERGY LIMITED AND Ors 1. Introduction The legal landscape governing Corporate Insolvency Resolution...

Affirmation of Section 10A Applicability in Pre-existing Defaults: Analysis of Raghavendra Joshi v. Axis Bank Limited

Date: Aug 19, 2023

Affirmation of Section 10A Applicability in Pre-existing Defaults: Analysis of Raghavendra Joshi v. Axis Bank Limited Introduction The case of Raghavendra Joshi v. Axis Bank Limited deals with the...

Threshold Compliance under Section 7 Amid Section 10A Provisions: Narayan Mangal v. Vatsalya Builders

Date: Aug 19, 2023

Threshold Compliance under Section 7 Amid Section 10A Provisions: Narayan Mangal v. Vatsalya Builders Introduction The case of Narayan Mangal v. Vatsalya Builders & Developers Pvt. Ltd. adjudicated...

Establishing the Necessity of a Pre-Existing Dispute in Operational Debt Claims: Feng Ji v. Giesecke & Devrient MS India Pvt. Ltd. & Anr.

Date: Aug 12, 2023

Establishing the Necessity of a Pre-Existing Dispute in Operational Debt Claims Introduction The case of Feng Ji v. GIESECKE & DEVRIENT MS INDIA PVT. LTD. & Anr. adjudicated by the National Company...

Section 10A of IBC: Suspension of CIRP Applications Post Default Amid COVID-19 Pandemic

Date: Aug 9, 2023

Section 10A of IBC: Suspension of CIRP Applications Post Default Amid COVID-19 Pandemic 1. Introduction The case of Carissa Investments LLC v. Indu Techzone Private Limited adjudicated by the...

NCLAT Upholds Non-Arbitrability of Oppression and Mismanagement Claims under the Companies Act

Date: Aug 1, 2023

NCLAT Upholds Non-Arbitrability of Oppression and Mismanagement Claims under the Companies Act Introduction The case of Indus Motor Company Private Limited & Ors v. T.P Anilkumar & Ors adjudicated by...

Enhanced Limitation Period Recognition in Insolvency Proceedings: Asset Reconstruction Company India Limited v. Uniworth Textiles Limited

Date: Jul 11, 2023

Enhanced Limitation Period Recognition in Insolvency Proceedings: Asset Reconstruction Company India Limited v. Uniworth Textiles Limited 1. Introduction The case of Asset Reconstruction Company...

Shareholders Lack Locus Standi to Challenge Resolution Plans under the Insolvency and Bankruptcy Code: NCLAT's Landmark Judgment in Ravi Shankar Vedam v. TIFFINS Barytes

Date: Jun 14, 2023

Shareholders Lack Locus Standi to Challenge Resolution Plans under the Insolvency and Bankruptcy Code: NCLAT's Landmark Judgment in Ravi Shankar Vedam v. TIFFINS Barytes Introduction The case of Ravi...

NCLAT Establishes Precedent on Exclusion of Delays in Insolvency Resolution Implementation

Date: May 27, 2023

NCLAT Establishes Precedent on Exclusion of Delays in Insolvency Resolution Implementation Introduction The judgment in State Bank of India & Others v. The Consortium of Mr. Murari Lal Jalan and Mr....

Clarifying Limitation Periods in Insolvency Proceedings: Indiabulls Housing Finance Ltd. v. Revital Realty Pvt. Ltd.

Date: May 25, 2023

Clarifying Limitation Periods in Insolvency Proceedings: Indiabulls Housing Finance Ltd. v. Revital Realty Pvt. Ltd. Introduction The case of Indiabulls Housing Finance Limited v. Revital Realty...

Empowering Financial Creditors: NCLAT Upholds Catalyst Trusteeship's Standing in Insolvency Proceedings

Date: May 24, 2023

Empowering Financial Creditors: NCLAT Upholds Catalyst Trusteeship's Standing in Insolvency Proceedings Introduction The case of Mayur Suchak v. Catalyst Trusteeship Limited & Anr adjudicated by the...

NCLAT Affirms Deemed Lender Status of Asset Reconstruction Companies under SARFAESI Act for Initiating CIRP

Date: May 17, 2023

NCLAT Affirms Deemed Lender Status of Asset Reconstruction Companies under SARFAESI Act for Initiating CIRP Introduction The case of Naresh Kumar Aggarwal v. CFM Asset Reconstruction Pvt Ltd and Anr....

NCLAT Upholds Liquidation: Reinforcing Valuation Standards under Regulation 35 in CIRP

Date: May 17, 2023

NCLAT Upholds Liquidation: Reinforcing Valuation Standards under Regulation 35 in CIRP Introduction The case of Mr. Amit Ahirrao v. Anagha Anasingharaju And Anr adjudicated by the National Company...

Clarifying Default Date in Corporate Guarantee Under Section 10A: Insights from J.C. Flowers vs Deserve Exim

Date: May 4, 2023

Clarifying Default Date in Corporate Guarantee Under Section 10A: Insights from J.C. Flowers Asset Reconstruction Pvt. Ltd. v. Deserve Exim Pvt. Ltd. Introduction The case of J.C. Flowers Asset...

Clarification on Limitation Period for Section 7 Applications in Demand Guarantees: Pooja Ramesh Singh v. State Bank of India

Date: Apr 29, 2023

Clarification on Limitation Period for Section 7 Applications in Demand Guarantees: Pooja Ramesh Singh v. State Bank of India 1. Introduction The case of Pooja Ramesh Singh v. State Bank of India and...

Limitation Period in Insolvency Proceedings: Ramdas Dutta v. IDBI Bank Limited & Anr

Date: Apr 27, 2023

Limitation Period in Insolvency Proceedings: Ramdas Dutta v. IDBI Bank Limited & Anr Introduction The case of Ramdas Dutta v. IDBI Bank Limited & Anr adjudicated by the National Company Law Appellate...