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    May 31, 2023   Case LawsInsolvency and Bankruptcy
    CIRP Process Ends as Debtor Settles Operational Debts; Appellant Liable for Interest Under Supply Agreement.
    May 30, 2023   Case LawsInsolvency and Bankruptcy
    Creditors must use civil remedies, not IBC Section 66, to recover debts from third parties in insolvency cases.
    May 30, 2023   Case LawsInsolvency and Bankruptcy
    Resolution Plan Rejected Due to Willful Defaulter Status; Corporate Debtor Ordered Liquidated, Order Remains Unchallenged.
    May 29, 2023   Case LawsInsolvency and Bankruptcy
    NCLT Dismisses CIRP Application Due to Genuine Disputes; Credible Defense by Corporate Debtor Under IBC.
    May 27, 2023   Case LawsInsolvency and Bankruptcy
    Court Rules Lenders Cannot Invoke Performance Bank Guarantee Without Adjudicating Authority's Permission Under IBC Resolution Plan.
    May 27, 2023   Case LawsInsolvency and Bankruptcy
    NCLT Mumbai to Handle Section 7 IBC Application: Punjab National Bank Authorized to Proceed Against Corporate Debtor.
    May 27, 2023   Case LawsInsolvency and Bankruptcy
    Appellant didn't seek directive for Resolution Plan implementation; banks must fulfill duties. Resolution Applicant still obligated.
    May 25, 2023   Case LawsInsolvency and Bankruptcy
    NCLT Admits Section 7 Application to Initiate CIRP; Financial Creditor's Acceleration Notice Deemed Justified Over Debenture Trustee's Role.
    May 25, 2023   Case LawsInsolvency and Bankruptcy
    NCLT Directed to Admit CIRP Application Despite Unregistered, Unstamped Agreement; Debt Proven Operational and Acted Upon.
    May 24, 2023   Case LawsInsolvency and Bankruptcy
    Court Rules Money Paid to Bank Not Financial Debt Without Loan Component or Fixed Repayment Time in CIRP Case.
    May 23, 2023   Case LawsInsolvency and Bankruptcy
    CIRP doesn't require pre-admission notice to creditors; objectors must be heard during hearing. No natural justice breach.
    May 20, 2023   Case LawsInsolvency and Bankruptcy
    Section 7 Application Admission Valid Despite Unregistered Assignment; Asset Reconstruction Company Deemed Lender u/s 5(2.
    May 19, 2023   Case LawsInsolvency and Bankruptcy
    Adjudicating Authority Wrongly Rejects Corporate Debtor's Revival Application Despite Settlement Clause 10 Commitment.
    May 18, 2023   Case LawsInsolvency and Bankruptcy
    Petitioners' Rice Stock Claim Denied in Insolvency Proceedings; Lacks Solid Evidence, Says Resolution Professional.
    May 17, 2023   Case LawsInsolvency and Bankruptcy
    Creditors' Committee Opts for Liquidation of Corporate Debtor After No Resolution Plan Submitted by Extended Deadline.
    May 17, 2023   Case LawsInsolvency and Bankruptcy
    Settlement Halts CIRP: Tribunal Closes Proceedings Using Rule 11 of NCLAT Rules, 2016 After Parties Reach Agreement.
    May 15, 2023   Case LawsInsolvency and Bankruptcy
    NCLT Admits CIRP Application Despite Bank Guarantee Issues; Appellant's Conduct Insufficient for Section 7 Rejection.
    May 13, 2023   Case LawsInsolvency and Bankruptcy
    Cloud9 Apartment Owners' appeal dismissed; failed to justify delay extension in challenging CIRP initiation. Appeal period: 45 days.
    May 13, 2023   Case LawsInsolvency and Bankruptcy
    NCLT Admits CIRP Application: Corporate Debtor's Claim of Non-Supply Deemed Baseless Due to Lack of Response to Demand Notice.
    May 13, 2023   Case LawsInsolvency and Bankruptcy
    CIRP Initiation Valid: Debt Acknowledged as 'Trade Payable' in Balance Sheet, Criminal Proceedings Post-Demand Notice Irrelevant.
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    Highlights
    All› IBC - Insolvency and Bankruptcy › IBC - Insolvency and Bankruptcy - 2023
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    May 31, 2023   Case Laws Insolvency and Bankruptcy
    CIRP Process Ends as Debtor Settles Operational Debts; Appellant Liable for Interest Under Supply Agreement.
    May 30, 2023   Case Laws Insolvency and Bankruptcy
    Creditors must use civil remedies, not IBC Section 66, to recover debts from third parties in insolvency cases.
    May 30, 2023   Case Laws Insolvency and Bankruptcy
    Resolution Plan Rejected Due to Willful Defaulter Status; Corporate Debtor Ordered Liquidated, Order Remains Unchallenged.
    May 29, 2023   Case Laws Insolvency and Bankruptcy
    NCLT Dismisses CIRP Application Due to Genuine Disputes; Credible Defense by Corporate Debtor Under IBC.
    May 27, 2023   Case Laws Insolvency and Bankruptcy
    Court Rules Lenders Cannot Invoke Performance Bank Guarantee Without Adjudicating Authority's Permission Under IBC Resolution Plan.
    May 27, 2023   Case Laws Insolvency and Bankruptcy
    NCLT Mumbai to Handle Section 7 IBC Application: Punjab National Bank Authorized to Proceed Against Corporate Debtor.
    May 27, 2023   Case Laws Insolvency and Bankruptcy
    Appellant didn't seek directive for Resolution Plan implementation; banks must fulfill duties. Resolution Applicant still obligated.
    May 25, 2023   Case Laws Insolvency and Bankruptcy
    NCLT Admits Section 7 Application to Initiate CIRP; Financial Creditor's Acceleration Notice Deemed Justified Over Debenture Trustee's Role.
    May 25, 2023   Case Laws Insolvency and Bankruptcy
    NCLT Directed to Admit CIRP Application Despite Unregistered, Unstamped Agreement; Debt Proven Operational and Acted Upon.
    May 24, 2023   Case Laws Insolvency and Bankruptcy
    Court Rules Money Paid to Bank Not Financial Debt Without Loan Component or Fixed Repayment Time in CIRP Case.
    May 23, 2023   Case Laws Insolvency and Bankruptcy
    CIRP doesn't require pre-admission notice to creditors; objectors must be heard during hearing. No natural justice breach.
    May 20, 2023   Case Laws Insolvency and Bankruptcy
    Section 7 Application Admission Valid Despite Unregistered Assignment; Asset Reconstruction Company Deemed Lender u/s 5(2.
    May 19, 2023   Case Laws Insolvency and Bankruptcy
    Adjudicating Authority Wrongly Rejects Corporate Debtor's Revival Application Despite Settlement Clause 10 Commitment.
    May 18, 2023   Case Laws Insolvency and Bankruptcy
    Petitioners' Rice Stock Claim Denied in Insolvency Proceedings; Lacks Solid Evidence, Says Resolution Professional.
    May 17, 2023   Case Laws Insolvency and Bankruptcy
    Creditors' Committee Opts for Liquidation of Corporate Debtor After No Resolution Plan Submitted by Extended Deadline.
    May 17, 2023   Case Laws Insolvency and Bankruptcy
    Settlement Halts CIRP: Tribunal Closes Proceedings Using Rule 11 of NCLAT Rules, 2016 After Parties Reach Agreement.
    May 15, 2023   Case Laws Insolvency and Bankruptcy
    NCLT Admits CIRP Application Despite Bank Guarantee Issues; Appellant's Conduct Insufficient for Section 7 Rejection.
    May 13, 2023   Case Laws Insolvency and Bankruptcy
    Cloud9 Apartment Owners' appeal dismissed; failed to justify delay extension in challenging CIRP initiation. Appeal period: 45 days.
    May 13, 2023   Case Laws Insolvency and Bankruptcy
    NCLT Admits CIRP Application: Corporate Debtor's Claim of Non-Supply Deemed Baseless Due to Lack of Response to Demand Notice.
    May 13, 2023   Case Laws Insolvency and Bankruptcy
    CIRP Initiation Valid: Debt Acknowledged as 'Trade Payable' in Balance Sheet, Criminal Proceedings Post-Demand Notice Irrelevant.

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