Search Results for Tag : Corporate Insolvency Resolution

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Madras HC: Acceptance of Corporate Insolvency Resolution Not a Ground to Quash Case u/s 138 NI Act(23.01.2020)

Madras High Court has held that acceptance of the Corporate Insolvency Resolution Plan under Section 31 of the Insolvency and Bankruptcy Code, 2016 ca.....

Tags : Madras High Court, Corporate Insolvency Resolution

NCLAT: Initiation Of CIRP Not A Pre-Requisite To Initiate IRP Against The Personal Guarantor(28.01.2022)

NCLAT has held that initiation of Corporate Insolvency Resolution Process is not a pre-requisite to initiate Insolvency Resolution Process (IRP) again.....

Tags : Insolvency and Bankruptcy Code, NCLAT, Corporate Insolvency Resolution Process

Supreme Court: IBC Mechanism Cannot Replace Decree Execution or Recovery Proceedings(24.04.2026)

Supreme Court reiterated that the Corporate Insolvency Resolution Process cannot be used to execute a money decree, particularly against a solvent, op.....

Tags : Corporate Insolvency Resolution Process; Recovery Proceedings; Decree Execution

NCLT Cuttack: CIRP Can’t be Initiated Over Undecided Claims or Unstamped Agreements(26.04.2022)

National Company Law Tribunal, Cuttack has ruled that Corporate Insolvency Resolution Process cannot be initiated based on undecided claims and/or uns.....

Tags : National Company Law Tribunal, Corporate Insolvency Resolution Process, compulsory registration

NCLT, Hyderabad Initiates Corporate Insolvency Resolution Process Against Tata Projects Ltd(06.01.2022)

National Company Law Tribunal, Hyderabad has initiated Corporate Insolvency Resolution Process against Tata Projects Limited for its failure to pay ba.....

Tags : National Company Law Tribunal, Corporate Insolvency Resolution Process, Tata Projects Ltd

EPFO Claims from Inspections during CIRP are Unenforceable: NCLAT Rules(09.09.2025)

NCLAT New Delhi bench held that EPFO claims based on inspections after initiation of Corporate Insolvency Resolution Process (CIRP) are unenforceable......

Tags : EPFO, Inspections, Corporate Insolvency Resolution Process, NCLAT

NCLAT Chennai: Corporate IRP Can be Resume on Failure of Settlement Agreement(02.05.2022)

National Company Law Appellate Tribunal, Chennai has observed that Corporate Insolvency Resolution Process can be revive/resume in case of failure of .....

Tags : National Company Law Appellate Tribunal, Corporate Insolvency Resolution Process

SC: Defunct Scheme under the Companies Act Cannot Stall the Corporate Insolvency Resolution Process(25.02.2026)

Supreme Court held that a defunct Companies Act scheme cannot stall CIRP under the IBC, and set aside the National Company Law Appellate Tribunal orde.....

Tags : Defunct Scheme, Companies Act, Corporate Insolvency Resolution Process

Supreme Court: Lifting Corporate Veil May Include Group Assets in Holding Company’s CIRP(06.05.2026)

Supreme Court observed that to protect homebuyers and enable completion of stalled real estate projects, the corporate veil may be lifted during Corpo.....

Tags : Corporate Veil; Assets; Corporate Insolvency Resolution Process

NCLAT Chennai Bench Stays Insolvency Process Against Tata Projects Limited(07.01.2022)

National Company Law Appellate Tribunal, Chennai Bench has stayed the order against Tata Projects Limited to initiate Corporate Insolvency Resolution .....

Tags : NCLAT, Corporate Insolvency Resolution Process, Stay Order

NCLT Mumbai: Pending Cheque-Bounce Case Does not Prevent Admission of Insolvency Petition(02.12.2025)

NCLT Mumbai ruled that a pending cheque-bounce case under the Negotiable Instruments Act does not bar insolvency proceedings. It admitted Rexel India .....

Tags : Cheque-Bounce, Negotiable Instruments Act, Corporate Insolvency Resolution Process

NCLT Initiates Insolvency Proceedings Against Nirmal Lifestyle (Kalyan) Pvt. Ltd.(22.06.2022)

National Company Law Tribunal (NCLT), Mumbai Bench has initiated Corporate Insolvency Resolution Process against Nirmal Lifestyle (Kalyan) Pvt. Ltd. a.....

Tags : NCLT, Corporate Insolvency Resolution Process

NCLAT, Delhi: Arrears of Salary Accumulated for More Than Three Years Are Not Eligible for CIRP(13.05.2022)

National Company Law Appellate Tribunal, New Delhi has ruled that arrears of salary due beyond a period of three years would be barred by limitation f.....

Tags : National Company Law Appellate Tribunal, three years, Corporate Insolvency Resolution Process, limitation

NCLAT Upholds Dismissal of Petition Filed During Prohibited Period(24.05.2022)

National Company Law Appellate Tribunal while adjudicating an appeal has upheld that Corporate Insolvency Resolution Process cannot be initiated over .....

Tags : National Company Law Appellate Tribunal, Corporate Insolvency Resolution Process, Insolvency and Bankruptcy