In its decision dated September 13, 2021, in the case of Ebix Singapore Private Limited v. Committee of Creditors of Educomp Solutions Limited and Another (Civil Appeal No. 3224 of 2020), the Hon....
Phoenix Arc Private Limited v. Ketulbhai Ramubhai Patel (Civil Appeal No. 5146 of 2019): The Hon'ble Supreme Court ("SC") held in its judgement dated February 3, 2021 ("Judgement"), delivered by a...
In its ruling dated November 10, 2020 ("Judgement") in the case of Promila Taneja v. Surendri Design Private Limited [Company Appeal (Insolvency) No. 459 of 2020], the National Company Law Appellate...
In Mr. Hemang Phophalia v. The Greater Bombay Co-operative Bank Limited and Another (decided on September 5, 2019), the National Company Law Appellate Tribunal ("NCLAT") held that a creditor can...
In the case of Jaldhi Overseas Pte. Limited v. Steer Overseas Private Limited, decided that a foreign award was insufficient to start insolvency proceedings against the corporate debtor under the...
In the case of Housing Development and Finance Corporation Limited v. RHC Holding Private Limited, the National Company Appellate Law Tribunal ("NCLAT") found that "non-banking financial...
The National Company Law Tribunal ("NCLT"), Mumbai dismissed the appeal against the refusal to register a share transfer in a public company in the case of Riverdale Infrastructures Private Limited...
In the case of V. Padmakumar v. Stressed Assets Stabilization Fund and Others (dated March 12, 2020), the National Company Law Appellate Tribunal ("NCLAT") held that an entry in a balance sheet or...
In the case of Bimalkumar Manubhai Savalia v. Bank of India and Others (decided as per order dated March 5, 2020), the National Company Law Appellate Tribunal ("NCLAT") held that any actions brought...
In the case of Flat Buyers Association Winter Hills - 77, Gurgaon v. Umang Realtech Private Limited through IRP and Others, the National Company Law Appellate Tribunal, New Delhi ("NCLAT"), by order...
A financial creditor cannot intervene in or object to an admission of the application under Section 7 of the Insolvency and Bankruptcy Code, 2016 ("IBC"), according to a recent decision by the...
In M/s. Asset Reconstruction Company (India) Limited v. Mr Gopal Krishna Raju and Others (decided on March 5, 2019), the National Company Law Tribunal ("NCLT"), Chennai ruled that certain unsecured...
In its order dated February 17, 2022 ("Order") in the case of Anand Kariwala v. Partha Pratim Ghosh and Others [I.A. (IB) No. 20/KB/2021 in CP (IB) No. 533/KB/2018], the National Company Law...
In its decision dated October 7, 2021 ("Judgement") in the case of Sach Marketing Private Limited v. Resolution Professional of Mount Shivalik Industries Limited, Ms. Pratibha Khandelwal [Company...
By an order rendered in the case of Kay Bouvet Engineering Limited v. Overseas Infrastructure Alliance (India) Private Limited [Civil Appeal No. 1137 of 2019], decided on August 10, 2021...
In its ruling dated April 18, 2022 ("Judgement") in the case of Steel Strips Wheels Limited v. Shri Avil Menezes, Resolution Professional of AMW Autocomponent Limited and Others [Company Appeal (AT)...
The NCLT's Kolkata Bench reaffirmed that the adjudicating authority lacked the capacity to consider cases of money laundering in Rahul Carbon Commercials Private Limited v. Kohinoor Steel Pvt. Ltd.,...
In Ravindranatha Bajpe v. Mangalore Special Economic Zone Limited and Others, which was decided on September 27, 2021, the Hon. Supreme Court ("SC") ruled that the chairman, directors, and other key...
In Lalit Mishra and Others v. Sharon Bio Medicine Limited and Others (decided on December 19, 2018), the National Company Law Appellate Tribunal ("NCLAT") determined that a resolution plan that...
In the matter of State Bank of India v. Adhunik Metaliks Limited and Others, the National Company Law Tribunal ("NCLT"), Cuttack rejected the resolution plan filed by the resolution applicant on the...