Tag

Insolvency and Bankruptcy Code, 2016

8 articles
NCLAT Issues Notice in CoC Appeal on RERA Decree Set-Off
The National Company Law Appellate Tribunal (NCLAT) has issued notice in an appeal filed by the Committee of Creditors (CoC) of Shree Vardhman Buildprop Pvt. Ltd. The appeal challenges an order allowi
NCLAT Issues Notice in CoC Appeal on RERA Decree Set-Off
The National Company Law Appellate Tribunal (NCLAT) has issued notice in an appeal filed by the Committee of Creditors (CoC) of Shree Vardhman Buildprop Pvt. Ltd. The appeal challenges an order allowi
NCLAT Rules NCLT Cannot Revive Terminated Concession Agreement
The National Company Law Appellate Tribunal (NCLAT) ruled that the NCLT cannot order the revival of a concession agreement terminated before insolvency proceedings. The case involved a concession for
NCLAT Dismisses Kurian's Appeal, Imposes Costs for Concealment
The NCLAT dismissed an appeal by N.K. Kurian, suspended director of Mango Meadows, against an NCLT order that dismissed his application under Section 65 of the IBC. The appellant was found to have con
NCLT Dismisses Contempt Plea Against Baldva Textiles Directors
NCLT dismisses contempt plea against Baldva Textiles directors for non-compliance with a repayment order, citing the applicant's lack of locus standi. The Tribunal held the erstwhile resolution profes
NCLT Grants 190-Day Extension in Corporate Insolvency Case
NCLT Amaravati extends bankruptcy process by 190 days for M/s. Sri Ananda Lakshmi Narasimha Industries, condoning a 95-day filing delay. The extension, from November 2025 to May 2026, was granted to t
NCLT Dismisses Subcontractor and Liquidator Claims in VNR Infrastructures Liquidation
NCLT Hyderabad dismissed a subcontractor's claim for payment from insolvent VNR Infrastructures, ruling the EPFO's prior garnishee order took precedence. The tribunal allowed a new management's applic
NCLT Directs EPFO to Activate PF Code for VNR Infrastructures
NCLT Hyderabad allowed an application by VNR Infrastructures, directing the EPFO to activate its PF code without clearing past dues. The tribunal ruled that past PF liabilities must be settled under I