National Company Law Appellate Tribunal Case Commentaries

Recognition of Related Party Transactions under Insolvency and Bankruptcy Code: Spade Financial Services Ltd. v. Hari Krishan Sharma

Date: Jan 28, 2020

Recognition of Related Party Transactions under Insolvency and Bankruptcy Code: Spade Financial Services Ltd. v. Hari Krishan Sharma Introduction The case of Spade Financial Services Ltd. & Anr. v....

NCLAT Affirms Approval of Conditional Resolution Plans Under IBC in Santosh Walokar v. Vijay Iyer

Date: Jan 25, 2020

NCLAT Affirms Approval of Conditional Resolution Plans Under IBC in Santosh Walokar v. Vijay Iyer Introduction The case of Santosh Wasantrao Walokar v. Vijay Kumar V. Iyer And Another No. 1 before...

Enforcement of Guarantee Deeds and Co-Extensive Liability under IBC: Insights from Bijay Kumar Agarwal v. State Bank Of India

Date: Jan 24, 2020

Enforcement of Guarantee Deeds and Co-Extensive Liability under IBC: Insights from Bijay Kumar Agarwal v. State Bank Of India Introduction The case of Bijay Kumar Agarwal v. State Bank Of India And...

NCLAT Upholds Winding-Up Order in Lalit Aggarwal v. Shree Bihari Forgings: Reinforcing Corporate Governance and Share Allotment Compliance

Date: Jan 23, 2020

NCLAT Upholds Winding-Up Order in Lalit Aggarwal v. Shree Bihari Forgings: Reinforcing Corporate Governance and Share Allotment Compliance Introduction The case of Lalit Aggarwal And Another v. Shree...

Admissibility of Section 7 Applications under the Insolvency & Bankruptcy Code: Insights from Ugro Capital Ltd v. Bangalore Dehydration and Drying Equipment Co. Pvt. Ltd.

Date: Jan 23, 2020

Admissibility of Section 7 Applications under the Insolvency & Bankruptcy Code: Insights from Ugro Capital Ltd v. Bangalore Dehydration and Drying Equipment Co. Pvt. Ltd. Introduction The case of...

NCLAT Upholds Malicious Intent Disqualification in IBC Section 7 Applications: Navin Raheja v. Shilpa Jain

Date: Jan 23, 2020

NCLAT Upholds Malicious Intent Disqualification in IBC Section 7 Applications: Navin Raheja v. Shilpa Jain Introduction The case of Navin Raheja v. Shilpa Jain And Others adjudicated by the National...

NCLAT Declares Unauthorized Share Capital Increase Oppressive: Bridge E-Solutions Pvt. Ltd. v Bridge Solutions Group Inc.

Date: Jan 21, 2020

NCLAT Declares Unauthorized Share Capital Increase Oppressive: Bridge E-Solutions Pvt. Ltd. v Bridge Solutions Group Inc. Introduction The case of Bridge E-Solutions Pvt. Ltd. And Others v. Bridge...

Landlords Not Recognized as Operational Creditors Under IBC: NCLAT Reverses Section 9 Petition in M. Ravindranath Reddy v. G. Kishan And Others

Date: Jan 18, 2020

Landlords Not Recognized as Operational Creditors Under IBC: NCLAT Reverses Section 9 Petition in M. Ravindranath Reddy v. G. Kishan And Others Introduction The judgment in M. Ravindranath Reddy v....

Ensuring Procedural Integrity in Company Conversion: Insights from NCLAT's Decision in Cyrus Investments Pvt. Ltd. v. Tata Sons Ltd.

Date: Jan 7, 2020

Ensuring Procedural Integrity in Company Conversion: Insights from NCLAT's Decision in Cyrus Investments Pvt. Ltd. v. Tata Sons Ltd. Introduction The case of Cyrus Investments Pvt. Ltd. v. Tata Sons...

Creditor Classification and Claims Timeliness Under I&B Code: Insights from Tourism Finance Corporation Of India Ltd. v. Rainbow Papers Ltd.

Date: Dec 20, 2019

Creditor Classification and Claims Timeliness Under I&B Code: Insights from Tourism Finance Corporation Of India Ltd. v. Rainbow Papers Ltd. Introduction The case of Tourism Finance Corporation Of...

Impact of Limitation and Acknowledgment on Corporate Insolvency: Insights from Goenka v. Punjab National Bank

Date: Nov 9, 2019

Impact of Limitation and Acknowledgment on Corporate Insolvency: Insights from Goenka v. Punjab National Bank Introduction The case of Gouri Prasad Goenka, Ex-Chairman of NRC Limited v. Punjab...

Group Insolvency Resolution under I&B Code: NCLAT's Precedent in Edelweiss Asset Reconstruction Company Limited v. Sachet Infrastructure Pvt. Ltd.

Date: Sep 21, 2019

Group Insolvency Resolution under I&B Code: NCLAT's Precedent in Edelweiss Asset Reconstruction Company Limited v. Sachet Infrastructure Pvt. Ltd. Introduction The case Edelweiss Asset Reconstruction...

Ensuring Equitable Distribution of Claims in Corporate Insolvency Resolution: Insights from Standard Chartered Bank v. Essar Steel

Date: Jul 5, 2019

Ensuring Equitable Distribution of Claims in Corporate Insolvency Resolution: Insights from Standard Chartered Bank v. Essar Steel Introduction The case of Standard Chartered Bank v. Satish Kumar...

Maharashtra Seamless Ltd. Resolution Plan Disqualified for Discriminatory Payment to Operational Creditors

Date: Apr 9, 2019

Maharashtra Seamless Ltd. Resolution Plan Disqualified for Discriminatory Payment to Operational Creditors Introduction The case of Padmanabhan Venkatesh v. V. Venkatachalam And Others was...

NCLAT Reinforces Committee of Creditors' Authority in Insolvency Resolution: Analysis of JM Financial Asset Reconstruction Co. Ltd. v. Well-Do Holdings & Exports Pvt. Ltd.

Date: Apr 9, 2019

NCLAT Reinforces Committee of Creditors' Authority in Insolvency Resolution: Analysis of JM Financial Asset Reconstruction Co. Ltd. v. Well-Do Holdings & Exports Pvt. Ltd. Introduction The case of JM...

Maharashtra Seamless Ltd. v. Shri Padmanabhan Venkatesh & Ors.: Enhancing Operational Creditors' Rights in Insolvency Resolution

Date: Apr 9, 2019

Maharashtra Seamless Ltd. v. Shri Padmanabhan Venkatesh & Ors. Enhancing Operational Creditors' Rights in Insolvency Resolution Introduction The case of Maharashtra Seamless Ltd. v. Shri Padmanabhan...

Guidelines on Corporate Liquidation and Revival Processes: Y. Shivram Prasad v. S. Dhanapal

Date: Feb 28, 2019

Guidelines on Corporate Liquidation and Revival Processes: Y. Shivram Prasad v. S. Dhanapal 1. Introduction The case of Y. Shivram Prasad v. S. Dhanapal And Others was adjudicated by the National...

Financial Debt Classification under Insolvency and Bankruptcy Code: Shailesh Sangani v. Joel Cardoso And Another

Date: Jan 31, 2019

Financial Debt Classification under Insolvency and Bankruptcy Code: Shailesh Sangani v. Joel Cardoso And Another Introduction The case Shailesh Sangani v. Joel Cardoso And Another adjudicated by the...

Preservation of Going Concern in Liquidation under Section 230 of the Companies Act: Insights from S.C. Sekaran v. Amit Gupta & Ors.

Date: Jan 30, 2019

Preservation of Going Concern in Liquidation under Section 230 of the Companies Act: Insights from S.C. Sekaran v. Amit Gupta & Ors. Introduction The case of S.C. Sekaran v. Amit Gupta & Ors....

Simultaneous Initiation of Corporate Insolvency Resolution Processes Against Multiple Guarantors: A Judicial Analysis

Date: Jan 9, 2019

Simultaneous Initiation of Corporate Insolvency Resolution Processes Against Multiple Guarantors: A Judicial Analysis Introduction The case of Dr. Vishnu Kumar Agarwal v. Piramal Enterprises Ltd....