National Company Law Tribunal Case Commentaries

Maintainability of Section 9 IBC Applications: Insights from Creative Infraheights Pvt Ltd v. JBK Developers Pvt Ltd

Date: Aug 18, 2020

Maintainability of Section 9 IBC Applications: Insights from Creative Infraheights Pvt Ltd v. JBK Developers Pvt Ltd Introduction The case of Creative Infraheights Pvt Ltd v. JBK Developers Pvt Ltd...

NCLT Mumbai Dismisses Operational Debt Claim Due to Lack of Direct Contractual Relationship and Prohibition of Fee-Sharing Arrangements

Date: Aug 11, 2020

NCLT Mumbai Dismisses Operational Debt Claim Due to Lack of Direct Contractual Relationship and Prohibition of Fee-Sharing Arrangements Introduction The case of Shree Pathology Laboratory Operational...

Balancing Shareholder Rights and Corporate Survival: Insights from Jasdanwalla v. New Consolidated Construction Co. Ltd.

Date: Jul 30, 2020

Balancing Shareholder Rights and Corporate Survival: Insights from Jasdanwalla v. New Consolidated Construction Co. Ltd. Introduction The case of Abbas Yahyabhai Jasdanwalla v. New Consolidated...

Initiation of Corporate Insolvency Proceedings: Apavarga Trading Company v. Caara India Pvt Ltd

Date: Jul 29, 2020

Initiation of Corporate Insolvency Proceedings: Apavarga Trading Company v. Caara India Pvt Ltd Introduction The case of Apavarga Trading Company v. Caara India Pvt Ltd was adjudicated by the...

Niyati Chemicals v. Minepro Minerals Pvt Ltd: Clarifying Financial Debt Under IBC Section 7

Date: Jul 29, 2020

Niyati Chemicals v. Minepro Minerals Pvt Ltd: Clarifying Financial Debt Under IBC Section 7 Introduction The case of Niyati Chemicals v. Minepro Minerals Pvt Ltd adjudicated by the National Company...

Admission of Admitted Claims in CIRP under Section 9 IBC: Analysis of Supreme Hydro Engineering Pvt Ltd v. Dolphin Offshore Enterprises (India) Ltd.

Date: Jul 17, 2020

Admission of Admitted Claims in CIRP under Section 9 IBC: Analysis of Supreme Hydro Engineering Pvt Ltd v. Dolphin Offshore Enterprises (India) Ltd. Introduction The case of Supreme Hydro Engineering...

Admittance of Corporate Insolvency Resolution Process under IBC despite Concurrent Proceedings and RBI Circulars – PFC v. SEUPPTCL

Date: Jul 17, 2020

Admittance of Corporate Insolvency Resolution Process under IBC despite Concurrent Proceedings and RBI Circulars – PFC v. SEUPPTCL 1. Introduction The case of Power Finance Corporation Limited (PFC)...

Strict Adherence to Limitation Periods in IBC Petitions: UCO Bank v. Deegee Orchards Pvt Ltd

Date: Jul 7, 2020

Strict Adherence to Limitation Periods in IBC Petitions: UCO Bank v. Deegee Orchards Pvt Ltd Introduction In the landmark case of UCO Bank Financial Creditor v. Deegee Orchards Private Limited...

NCLT Clarifies Applicability of Section 70 IBC 2016 in Director Non-Cooperation during CIRP

Date: Jun 23, 2020

NCLT Clarifies Applicability of Section 70 IBC 2016 in Director Non-Cooperation during CIRP Introduction The case of Manish Soni v. Concept Eduventures Pvt Ltd And Amit Pareek, RP adjudicated by the...

NCLT Upholds Commercial Wisdom Doctrine in Approval of Aircel Group's Restructuring Plan under IBC

Date: Jun 10, 2020

NCLT Upholds Commercial Wisdom Doctrine in Approval of Aircel Group's Restructuring Plan under IBC Introduction The "Aircel Limited, In Re" case, adjudicated by the National Company Law Tribunal...

Enforcement of Arbitration Agreements Within Insolvency Proceedings: Indus Biotech vs. Kotak India Venture Fund-I

Date: Jun 10, 2020

Enforcement of Arbitration Agreements Within Insolvency Proceedings: Indus Biotech vs. Kotak India Venture Fund-I Introduction The judgment in Indus Biotech Private Limited v. Kotak India Venture...

Strict Interpretation of Limitation and Documentation in Section 7 IBC Petitions: Insights from India Resurgence ARC Pvt Ltd v. Indian Steel Corporation Ltd

Date: May 7, 2020

Strict Interpretation of Limitation and Documentation in Section 7 IBC Petitions: Insights from India Resurgence ARC Pvt Ltd v. Indian Steel Corporation Ltd Introduction The case of India Resurgence...

New Precedent on Combating Ponzi Schemes: NCLT's Decision in Union of India v. Super Royal Holidays India Pvt Ltd

Date: Apr 24, 2020

New Precedent on Combating Ponzi Schemes: NCLT's Decision in Union of India v. Super Royal Holidays India Pvt Ltd Introduction The case of Union of India v. Super Royal Holidays India Pvt Ltd was...

Interpretation of Debt under Insolvency & Bankruptcy Code: Analysis of Rs Infra Project v. Supreme Infrastructure India Limited

Date: Mar 21, 2020

Interpretation of Debt under Insolvency & Bankruptcy Code: Analysis of Rs Infra Project v. Supreme Infrastructure India Limited Introduction The case of Rs Infra Project v. Supreme Infrastructure...

NCLT Reinforces 90-Day Claim Filing Deadline under IBC in Guarantor Claims

Date: Mar 18, 2020

NCLT Reinforces 90-Day Claim Filing Deadline under IBC in Guarantor Claims Introduction The case of Idbi Bank Ltd v. Neueon Towers Ltd adjudicated by the National Company Law Tribunal (NCLT) on March...

Punjab National Bank v. Vindhya Cereals Pvt Ltd: Establishing Protocols for Initiating Corporate Insolvency Resolution Process

Date: Mar 14, 2020

Punjab National Bank v. Vindhya Cereals Pvt Ltd: Establishing Protocols for Initiating Corporate Insolvency Resolution Process 1. Introduction The case of Punjab National Bank v. Vindhya Cereals Pvt...

NCLT Reinforces Distinction Between Lease and License in Operational Debt Under IBC

Date: Mar 5, 2020

NCLT Reinforces Distinction Between Lease and License in Operational Debt Under IBC Introduction The case of Jaipur Trade Expocentre Pvt. Ltd. v. M/s Metro Jet Airways Training Pvt. Ltd. adjudicated...

Admittance of Corporate Insolvency Resolution Process Under Section 7 of IBC: Omkara Assets Reconstruction Pvt. Ltd v. Avadh Fibres Pvt Ltd

Date: Mar 5, 2020

Admittance of Corporate Insolvency Resolution Process Under Section 7 of IBC: Omkara Assets Reconstruction Pvt. Ltd v. Avadh Fibres Pvt Ltd Introduction The case of Omkara Assets Reconstruction Pvt....

Interpretation of Limitation in Insolvency Proceedings: NCLT's Decision in JM Financial Asset Reconstruction Co. Ltd. v. Samay Electronics Pvt. Ltd.

Date: Feb 27, 2020

Interpretation of Limitation in Insolvency Proceedings: NCLT's Decision in JM Financial Asset Reconstruction Co. Ltd. v. Samay Electronics Pvt. Ltd. Introduction The case of JM Financial Asset...

Priority of Secured Creditors in CIRP: Bank of Maharashtra v. Shrimati Jewellery House Pvt Ltd

Date: Feb 21, 2020

Priority of Secured Creditors in CIRP: Bank of Maharashtra v. Shrimati Jewellery House Pvt Ltd Introduction The case of Bank of Maharashtra v. Shrimati Jewellery House Pvt Ltd adjudicated by the...