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    December 31, 2021   Case LawsInsolvency and Bankruptcy
    Party Seeks Release of Security Interest; Respondent Must Follow Section 52 of Insolvency and Bankruptcy Code for Liquidation.
    December 31, 2021   Case LawsInsolvency and Bankruptcy
    Applicant's Claim Rejected to Protect Creditor Interests Under IBC; Resolution Professional Upholds Equitable Treatment Principles.
    December 27, 2021   Case LawsInsolvency and Bankruptcy
    Wage Claims Denied Under Insolvency Code Section 40(2) Due to Lack of Employment Evidence by Appellants.
    December 25, 2021   Case LawsInsolvency and Bankruptcy
    Time Excluded from IBC Section 12 Period; CoC Reformed, Operational Creditor Lacks Standing to Change Resolution Professional.
    December 24, 2021   Case LawsInsolvency and Bankruptcy
    NCLT Rules Interest Not Mandatory for Debt to Qualify as Financial; Balance Sheet Review Crucial for Creditor Status.
    December 22, 2021   Case LawsInsolvency and Bankruptcy
    CIRP Case Decides BSE Listing Fees Are Not Operational Debts; SEBI Can Enforce Recovery Under Its Act.
    December 22, 2021   Case LawsInsolvency and Bankruptcy
    Insufficient votes stall resolution plan approval; CoC to consider liquidation or revised plans for 66% vote.
    December 22, 2021   Case LawsInsolvency and Bankruptcy
    Authority's Discretion Valid in Hearing Homebuyers' Objections Before Admitting Pre-Packaged Insolvency Process, No Prohibition Exists.
    December 22, 2021   Case LawsInsolvency and Bankruptcy
    Bank Not Secured Creditor in Insolvency Despite Tripartite Agreement with Homebuyers and Corporate Debtor.
    December 22, 2021   Case LawsInsolvency and Bankruptcy
    Failure to Pay Annual Listing Fees is a Regulatory Due, Not Operational Debt, Under IBC Section 9.
    December 20, 2021   Case LawsInsolvency and Bankruptcy
    Supreme Court rules NCLAT wrongly interfered with CoC-approved resolution plan in CIRP, upholds NCLT's decision.
    December 18, 2021   Case LawsInsolvency and Bankruptcy
    NCLT Denies CIRP Application u/s 9 IBC; Finds Debt Time-Barred Since April 1, 2015.
    December 18, 2021   Case LawsInsolvency and Bankruptcy
    NCLT Rules Share Application Money as Financial Debt: Interest Applicable Under Companies Act Section 42(6.
    December 17, 2021   Case LawsInsolvency and Bankruptcy
    Supreme Court Rules NCLT Must Consider Merits Before Dismissing Section 7 IBC Petition Despite Settlement Talks.
    December 17, 2021   Case LawsInsolvency and Bankruptcy
    NCLT Admits CIRP Application; Appeal Allowed Due to Debtor's Liability Linked to Contract Termination on April 30, 2020.
    December 16, 2021   Case LawsInsolvency and Bankruptcy
    Financial Creditor's One-Time Settlement with Debtor for Rs. 2 Crores u/s 7 of Insolvency Code.
    December 13, 2021   Case LawsInsolvency and Bankruptcy
    Private Sale in CIRP Must Ensure Transparency, Fairness, and Open Opportunity After E-Auction Failure.
    December 11, 2021   Case LawsInsolvency and Bankruptcy
    Authority Misinterprets MD's Letter; No Debt Acknowledgment for Creditor u/s 18 Limitation Act in CIRP Case.
    December 3, 2021   Case LawsInsolvency and Bankruptcy
    Section 61 I&B Code: Appeal Time Limits Not Extended by Rule 50 Copy; Limitation Act Sections Apply.
    December 2, 2021   Case LawsInsolvency and Bankruptcy
    Corporate Debtor's Cheque Dishonor: IBC vs. NI Act in Business Disputes; Genuine Disputes Exempt IBC Provisions.
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    Highlights
    All› IBC - Insolvency and Bankruptcy › IBC - Insolvency and Bankruptcy - 2021
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    December 31, 2021   Case Laws Insolvency and Bankruptcy
    Party Seeks Release of Security Interest; Respondent Must Follow Section 52 of Insolvency and Bankruptcy Code for Liquidation.
    December 31, 2021   Case Laws Insolvency and Bankruptcy
    Applicant's Claim Rejected to Protect Creditor Interests Under IBC; Resolution Professional Upholds Equitable Treatment Principles.
    December 27, 2021   Case Laws Insolvency and Bankruptcy
    Wage Claims Denied Under Insolvency Code Section 40(2) Due to Lack of Employment Evidence by Appellants.
    December 25, 2021   Case Laws Insolvency and Bankruptcy
    Time Excluded from IBC Section 12 Period; CoC Reformed, Operational Creditor Lacks Standing to Change Resolution Professional.
    December 24, 2021   Case Laws Insolvency and Bankruptcy
    NCLT Rules Interest Not Mandatory for Debt to Qualify as Financial; Balance Sheet Review Crucial for Creditor Status.
    December 22, 2021   Case Laws Insolvency and Bankruptcy
    CIRP Case Decides BSE Listing Fees Are Not Operational Debts; SEBI Can Enforce Recovery Under Its Act.
    December 22, 2021   Case Laws Insolvency and Bankruptcy
    Insufficient votes stall resolution plan approval; CoC to consider liquidation or revised plans for 66% vote.
    December 22, 2021   Case Laws Insolvency and Bankruptcy
    Authority's Discretion Valid in Hearing Homebuyers' Objections Before Admitting Pre-Packaged Insolvency Process, No Prohibition Exists.
    December 22, 2021   Case Laws Insolvency and Bankruptcy
    Bank Not Secured Creditor in Insolvency Despite Tripartite Agreement with Homebuyers and Corporate Debtor.
    December 22, 2021   Case Laws Insolvency and Bankruptcy
    Failure to Pay Annual Listing Fees is a Regulatory Due, Not Operational Debt, Under IBC Section 9.
    December 20, 2021   Case Laws Insolvency and Bankruptcy
    Supreme Court rules NCLAT wrongly interfered with CoC-approved resolution plan in CIRP, upholds NCLT's decision.
    December 18, 2021   Case Laws Insolvency and Bankruptcy
    NCLT Denies CIRP Application u/s 9 IBC; Finds Debt Time-Barred Since April 1, 2015.
    December 18, 2021   Case Laws Insolvency and Bankruptcy
    NCLT Rules Share Application Money as Financial Debt: Interest Applicable Under Companies Act Section 42(6.
    December 17, 2021   Case Laws Insolvency and Bankruptcy
    Supreme Court Rules NCLT Must Consider Merits Before Dismissing Section 7 IBC Petition Despite Settlement Talks.
    December 17, 2021   Case Laws Insolvency and Bankruptcy
    NCLT Admits CIRP Application; Appeal Allowed Due to Debtor's Liability Linked to Contract Termination on April 30, 2020.
    December 16, 2021   Case Laws Insolvency and Bankruptcy
    Financial Creditor's One-Time Settlement with Debtor for Rs. 2 Crores u/s 7 of Insolvency Code.
    December 13, 2021   Case Laws Insolvency and Bankruptcy
    Private Sale in CIRP Must Ensure Transparency, Fairness, and Open Opportunity After E-Auction Failure.
    December 11, 2021   Case Laws Insolvency and Bankruptcy
    Authority Misinterprets MD's Letter; No Debt Acknowledgment for Creditor u/s 18 Limitation Act in CIRP Case.
    December 3, 2021   Case Laws Insolvency and Bankruptcy
    Section 61 I&B Code: Appeal Time Limits Not Extended by Rule 50 Copy; Limitation Act Sections Apply.
    December 2, 2021   Case Laws Insolvency and Bankruptcy
    Corporate Debtor's Cheque Dishonor: IBC vs. NI Act in Business Disputes; Genuine Disputes Exempt IBC Provisions.

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    All› IBC - Insolvency and Bankruptcy › IBC - Insolvency and Bankruptcy - 2021
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      Insolvency and Bankruptcy

      Initiation of CIRP - NCLT admitted the application - Financial...

      NCLT Rules Share Application Money as Financial Debt: Interest Applicable Under Companies Act Section 42(6.

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      Insolvency and BankruptcyDecember 18, 2021Case LawsAT
      Initiation of CIRP - NCLT admitted the application - Financial Creditors - Share Application Money in the event of non-allotment of shares - Loan/Debt or not - Share Application Money in the event of non-allotment of shares, attracts interest under Section 42(6) of the Companies Act, 2013 and therefore falls within the ambit of definition of ‘Financial Debt’ as defined under Section 5(8) of the Code - AT
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