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    December 30, 2023   Case LawsInsolvency and Bankruptcy
    Resolution Applicant Eligibility: Section 29-A Exemption for MSME Promoters and Clarification on Bid Cut-off Dates.
    December 29, 2023   Case LawsInsolvency and Bankruptcy
    Liquidation Order Validity and Resolution Plan Rejection Upheld in Corporate Insolvency Resolution Process.
    December 29, 2023   Case LawsInsolvency and Bankruptcy
    Higher Court Confirms Timely Section 7 Application Filing Under Insolvency Code; Tribunal Review on Debt Unnecessary.
    December 28, 2023   Case LawsInsolvency and Bankruptcy
    CIRP Initiation Upheld: Absence of Default Record from Information Utility Not a Barrier to Admission u/s 7.
    December 28, 2023   Case LawsInsolvency and Bankruptcy
    NCLT Initiates CIRP Despite No Outstanding Dues, Emphasizes IBC Not for Creditor Recovery, Disputed Claims Need Legal Forum.
    December 27, 2023   Case LawsInsolvency and Bankruptcy
    Liquidator's Claim of Natural Justice Violation Deemed Untenable; Advocate Commissioner Appointed for Document Transfer.
    December 27, 2023   Case LawsInsolvency and Bankruptcy
    Performance Security Forfeiture Upheld; Applicant Bound by Uncontested RFRP Terms and CoC Decision Confirmed.
    December 27, 2023   Case LawsInsolvency and Bankruptcy
    Supreme Court Order Doesn't Block Insolvency Process; Authority Erred by Seeking Clarification on Resolution Plan Approval.
    December 27, 2023   Case LawsInsolvency and Bankruptcy
    Unauthorized Assignment and Possession Transfer Leads to Termination of Development Agreement.
    December 25, 2023   Case LawsInsolvency and Bankruptcy
    Insolvency Process Starts: Debt Default Confirmed Despite Unstamped Documents; Evidence Supports Default Existence.
    December 25, 2023   Case LawsInsolvency and Bankruptcy
    Resolution Plan's Delay Leads to Liquidation; Appellant's Repayment Proposal Rejected as Untimely Under Insolvency Code.
    December 23, 2023   Case LawsInsolvency and Bankruptcy
    Corporate Debtor Not Eligible for Customs Duty Exemption, No Need for Bank Guarantee Renewal, Avoids Rs. 70 Crore Charges.
    December 23, 2023   Case LawsInsolvency and Bankruptcy
    Insolvency Application Admissible Due to Post-Section 10A Default Over Rs. 1 Crore by Corporate Debtor.
    December 22, 2023   Case LawsInsolvency and Bankruptcy
    Tribunal Missteps in Forcing Resolution Professional to Return Management Control During Insolvency Process Stay.
    December 22, 2023   Case LawsInsolvency and Bankruptcy
    Resolution Plan Approval Final; No Need for CoC Reapproval on CIRP Costs Confirmed by Auditor.
    December 22, 2023   Case LawsInsolvency and Bankruptcy
    Resolution Professional Can't Accept New Plans; Tribunal Order Overturned in Insolvency Case.
    December 20, 2023   Case LawsInsolvency and Bankruptcy
    Court Rules Insolvency Professionals Not Public Servants Under Corruption Law; Legislative Omission Upheld.
    December 18, 2023   Case LawsInsolvency and Bankruptcy
    NCLT's Broad Jurisdiction in Handling Insolvency Resolution Plans and Issuing Injunctions Highlighted.
    December 16, 2023   Case LawsInsolvency and Bankruptcy
    Corporate debtor must settle debts despite insurance payout; Section 9 application remains valid and maintainable.
    December 15, 2023   Case LawsInsolvency and Bankruptcy
    Claim Rejection Upheld: No Guarantee by Corporate Debtor for Obligors' Obligations Under Debenture Trust Deed.
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    Highlights
    All› IBC - Insolvency and Bankruptcy › IBC - Insolvency and Bankruptcy - 2023
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    December 30, 2023   Case Laws Insolvency and Bankruptcy
    Resolution Applicant Eligibility: Section 29-A Exemption for MSME Promoters and Clarification on Bid Cut-off Dates.
    December 29, 2023   Case Laws Insolvency and Bankruptcy
    Liquidation Order Validity and Resolution Plan Rejection Upheld in Corporate Insolvency Resolution Process.
    December 29, 2023   Case Laws Insolvency and Bankruptcy
    Higher Court Confirms Timely Section 7 Application Filing Under Insolvency Code; Tribunal Review on Debt Unnecessary.
    December 28, 2023   Case Laws Insolvency and Bankruptcy
    CIRP Initiation Upheld: Absence of Default Record from Information Utility Not a Barrier to Admission u/s 7.
    December 28, 2023   Case Laws Insolvency and Bankruptcy
    NCLT Initiates CIRP Despite No Outstanding Dues, Emphasizes IBC Not for Creditor Recovery, Disputed Claims Need Legal Forum.
    December 27, 2023   Case Laws Insolvency and Bankruptcy
    Liquidator's Claim of Natural Justice Violation Deemed Untenable; Advocate Commissioner Appointed for Document Transfer.
    December 27, 2023   Case Laws Insolvency and Bankruptcy
    Performance Security Forfeiture Upheld; Applicant Bound by Uncontested RFRP Terms and CoC Decision Confirmed.
    December 27, 2023   Case Laws Insolvency and Bankruptcy
    Supreme Court Order Doesn't Block Insolvency Process; Authority Erred by Seeking Clarification on Resolution Plan Approval.
    December 27, 2023   Case Laws Insolvency and Bankruptcy
    Unauthorized Assignment and Possession Transfer Leads to Termination of Development Agreement.
    December 25, 2023   Case Laws Insolvency and Bankruptcy
    Insolvency Process Starts: Debt Default Confirmed Despite Unstamped Documents; Evidence Supports Default Existence.
    December 25, 2023   Case Laws Insolvency and Bankruptcy
    Resolution Plan's Delay Leads to Liquidation; Appellant's Repayment Proposal Rejected as Untimely Under Insolvency Code.
    December 23, 2023   Case Laws Insolvency and Bankruptcy
    Corporate Debtor Not Eligible for Customs Duty Exemption, No Need for Bank Guarantee Renewal, Avoids Rs. 70 Crore Charges.
    December 23, 2023   Case Laws Insolvency and Bankruptcy
    Insolvency Application Admissible Due to Post-Section 10A Default Over Rs. 1 Crore by Corporate Debtor.
    December 22, 2023   Case Laws Insolvency and Bankruptcy
    Tribunal Missteps in Forcing Resolution Professional to Return Management Control During Insolvency Process Stay.
    December 22, 2023   Case Laws Insolvency and Bankruptcy
    Resolution Plan Approval Final; No Need for CoC Reapproval on CIRP Costs Confirmed by Auditor.
    December 22, 2023   Case Laws Insolvency and Bankruptcy
    Resolution Professional Can't Accept New Plans; Tribunal Order Overturned in Insolvency Case.
    December 20, 2023   Case Laws Insolvency and Bankruptcy
    Court Rules Insolvency Professionals Not Public Servants Under Corruption Law; Legislative Omission Upheld.
    December 18, 2023   Case Laws Insolvency and Bankruptcy
    NCLT's Broad Jurisdiction in Handling Insolvency Resolution Plans and Issuing Injunctions Highlighted.
    December 16, 2023   Case Laws Insolvency and Bankruptcy
    Corporate debtor must settle debts despite insurance payout; Section 9 application remains valid and maintainable.
    December 15, 2023   Case Laws Insolvency and Bankruptcy
    Claim Rejection Upheld: No Guarantee by Corporate Debtor for Obligors' Obligations Under Debenture Trust Deed.

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      Insolvency and Bankruptcy

      Approval of Resolution Plan - Scope of the remand back...

      Resolution Professional Can't Accept New Plans; Tribunal Order Overturned in Insolvency Case.

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      Insolvency and BankruptcyDecember 22, 2023Case LawsAT
      Approval of Resolution Plan - Scope of the remand back proceedings - The Adjudicating Authority on 06.09.2022 while disposing off application u/s 30(6) allowed the Resolution Professional to accept new Resolution Plans from unsuccessful Resolution Applicants and even previously non-participating entities who may want to submit a Resolution Plan for the Corporate Debtor. - The said order of NCLT set aside - AT
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