National Company Law Appellate Tribunal Case Commentaries

Regulatory Precedent on Fraudulent Trading under IBC: REGEN POWERTECH Pvt Ltd v. Wind Construction Pvt Ltd

Date: Sep 24, 2022

Regulatory Precedent on Fraudulent Trading under IBC: REGEN POWERTECH Pvt Ltd v. Wind Construction Pvt Ltd Introduction The case of REGEN POWERTECH Private Limited v. Wind Construction Private...

Distribution of Resolution Plan Proceeds to Dissenting Financial Creditors Based on Voting Share under IBC: Insights from SIDBI v. Vivek Raheja Resolution Professional M/s Gupta Exim Pvt. Ltd.

Date: Sep 17, 2022

Distribution of Resolution Plan Proceeds to Dissenting Financial Creditors Based on Voting Share under IBC: Insights from SIDBI v. Vivek Raheja Resolution Professional M/s Gupta Exim Pvt. Ltd....

Tráfico India Pvt. Ltd. v. TDT Copper Ltd: IBC's Operational Debt Scope Excludes Settlement Agreements

Date: Sep 16, 2022

Tráfico India Pvt. Ltd. v. TDT Copper Ltd: IBC's Operational Debt Scope Excludes Settlement Agreements 1. Introduction The case of Tráfico India Private Limited v. TDT Copper Limited adjudicated by...

P M Cold Storage Pvt Ltd v. Goouksheer Farm Fresh Pvt. Ltd.: Landmark Decision on Claim Admissibility in CIRP

Date: Sep 15, 2022

Disclaimer: This commentary is for informational purposes only and does not constitute legal advice. Consult a qualified legal professional for advice regarding specific legal issues. P M Cold...

Reinforcing Statutory Compliance for Settlement Proposals under IBC 2016: Insights from Nishaat Saleem v. Skylark Ithaca Buyers Welfare Association & Anr.

Date: Sep 10, 2022

Reinforcing Statutory Compliance for Settlement Proposals under IBC 2016: Insights from Nishaat Saleem v. Skylark Ithaca Buyers Welfare Association & Anr. Introduction The case of Nishaat Saleem v....

Strict Adherence to IBC Timelines Reinforced in Valency International Pte Ltd v. Vasudevan

Date: Sep 3, 2022

Strict Adherence to IBC Timelines Reinforced in Valency International Pte Ltd v. Vasudevan Introduction The case of Valency International Pte Ltd v. Vasudevan was adjudicated by the National Company...

NCLAT Reinforces Procedural Adherence in IBC Recovery: Limitations on Liquidators under Section 60(5)(b)

Date: Sep 2, 2022

NCLAT Reinforces Procedural Adherence in IBC Recovery: Limitations on Liquidators under Section 60(5)(b) 1. Introduction The case of Ramachandra D. Choudhary v. Bansal Trading Company And Others...

Affirmation of IBC's Applicability to Personal Guarantors and Limitation Provisions: Merin Jose v. State Bank of India

Date: Aug 31, 2022

Affirmation of IBC's Applicability to Personal Guarantors and Limitation Provisions: Merin Jose v. State Bank of India Introduction The case of Merin Jose v. State Bank of India presented before the...

Clarification on Re-filing Appeals and Limitation Periods under NCLAT: V R Ashok Rao & Ors v. TDT Copper Limited

Date: Aug 31, 2022

Clarification on Re-filing Appeals and Limitation Periods under NCLAT: V R Ashok Rao & Ors v. TDT Copper Limited Introduction The case V R Ashok Rao & Ors v. TDT Copper Limited adjudicated by the...

Enforceability of Personal Guarantees Under IBC: Analysis of Mr. Satyan Kasturi v. State Bank of India

Date: Aug 26, 2022

Enforceability of Personal Guarantees Under IBC: Analysis of Mr. Satyan Kasturi v. State Bank of India Introduction The case of Mr. Satyan Kasturi v. State Bank of India addresses critical issues...

Creditor Classification under Insolvency and Bankruptcy Code: Insights from Raghavendra G. Kundangar v. Shashi Agarwal

Date: Aug 25, 2022

Creditor Classification under Insolvency and Bankruptcy Code: Insights from Raghavendra G. Kundangar v. Shashi Agarwal Introduction The case of Raghavendra G. Kundangar And Ors v. SHASHI AGARWAL the...

Doctrine of Res Judicata Affirmed in IBC Proceedings: Vikas Dahiya v. Arrow Engineering Ltd.

Date: Aug 6, 2022

Doctrine of Res Judicata Affirmed in IBC Proceedings: Vikas Dahiya v. Arrow Engineering Ltd. Introduction The case of Vikas Dahiya v. Arrow Engineering Limited & Anr. adjudicated by the National...

Res Judicata Doctrine Applied in Insolvency Proceedings: Oval Investment Pvt. Ltd v Arrow Engineering Limited

Date: Aug 6, 2022

Res Judicata Doctrine Applied in Insolvency Proceedings: Oval Investment Pvt. Ltd v Arrow Engineering Limited Introduction The case of Oval Investment Pvt. Ltd. v. Arrow Engineering Limited & Anr,...

M Suresh Kumar Reddy v. Canara Bank: Affirmation of Debt and Default under IBC

Date: Aug 6, 2022

M Suresh Kumar Reddy v. Canara Bank: Affirmation of Debt and Default under IBC Introduction The case M Suresh Kumar Reddy v. Canara Bank adjudicated by the National Company Law Appellate Tribunal...

IBC Section 7 Application Misuse for Recovery: Landmark NCLAT Decision in Anita Jindal v. M/S Jindal Buildtech Pvt. Ltd.

Date: Aug 5, 2022

IBC Section 7 Application Misuse for Recovery: Landmark NCLAT Decision in Anita Jindal v. M/S Jindal Buildtech Pvt. Ltd. Introduction The case of Anita Jindal v. M/S Jindal Buildtech Private Limited...

NCLAT Establishes Rigorous Criteria for Section 10A Applicability under IBC

Date: Aug 3, 2022

NCLAT Establishes Rigorous Criteria for Section 10A Applicability under IBC Introduction The case of Anil Kaushal v. Colliers International (India) Property Services Private Limited And Others was...

Validity of Insufficiently Stamped NCDs in IBC Proceedings: Analysis of Praful Nanji Satra v Vistra ITCL

Date: Aug 3, 2022

Validity of Insufficiently Stamped NCDs in IBC Proceedings: Analysis of Praful Nanji Satra v Vistra ITCL Introduction The case of Praful Nanji Satra v. Vistra ITCL (India) Limited And Others...

Clarifying Moratorium Under the Insolvency and Bankruptcy Code: ArcelorMittal Nippon Steel v. SREI Infrastructure Finance

Date: Aug 3, 2022

Clarifying Moratorium Under the Insolvency and Bankruptcy Code: ArcelorMittal Nippon Steel v. SREI Infrastructure Finance Introduction The case of ArcelorMittal Nippon Steel India Ltd v. SREI...

Defining Financial Debt: NCLAT Affirms Classification of Earnest Money as Other Creditors under Section 5(8) IBC

Date: Jul 23, 2022

Defining Financial Debt: NCLAT Affirms Classification of Earnest Money as Other Creditors under Section 5(8) IBC Introduction The legal landscape surrounding the classification of debts under the...

Kushal Ltd. v. Kartik Baldwa: Landmark Ruling on Tribunal’s Power to Recall Orders in Insolvency Proceedings

Date: Jul 22, 2022

Kushal Ltd. v. Kartik Baldwa: Landmark Ruling on Tribunal’s Power to Recall Orders in Insolvency Proceedings Introduction The case of Kushal Ltd. and Another v. Kartik Baldwa and Others adjudicated...