Search Results for Tag : Resolution Professional
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NCLT Directs Police Assistance to Resolution Professional After Corporate Debtor Hinders CIRP(30.01.2019)
National Company Law Tribunal has directed Police Commissioner, Ahmedabad to provide police assistance to a resolution professional who complained abo.....
Tags : NCLT, Police Assistance to Resolution Professional
IBBI is Competent Body to Act Against Resolution Professionals: NCLAT(22.04.2019)
National Company Law Appellate Tribunal has said that Insolvency and Bankruptcy Board of India (IBBI) will be competent authority and not National Com.....
Tags : NCLAT, IBBI, resolution professional
IBBI is Competent Body to Act Against Resolution Professionals: NCLAT(22.04.2019)
National Company Law Appellate Tribunal has said that Insolvency and Bankruptcy Board of India (IBBI) will be competent authority and not National Com.....
Tags : NCLAT, IBBI, Resolution Professional
NCLAT Bars Appointment of Retired Bank Official as Resolution Professional(25.05.2020)
National Companies Law Appellate Tribunal has upheld a bankruptcy tribunal order prohibiting appointment of a former employee of financial creditor as.....
Tags : National Companies Law Appellate Tribunal, Resolution Professional
NCLAT, Chennai: Suspended Board of Directors Do Not Have Powers to Appoint Resolution Professional(02.03.2022)
National Company Law Appellate Tribunal, Chennai has held that the suspended Board of Directors has no power under the Insolvency and Bankruptcy Code,.....
Tags : National Company Law Appellate Tribunal, Powers to Appoint Resolution Professional
NCLAT Delhi: Resolution Professional Cannot Decide Eligibility Under Section 29A IBC(07.04.2022)
National Company Law Appellate Tribunal has observed that the Resolution Professional is not required to take a decision in regard to the ineligibili.....
Tags : National Company Law Appellate Tribunal, Resolution Professional, Section 29A of the Insolvency & Bankruptcy Code, 2016, Resolution Applicant
NCLAT: Resolution Professional Cannot Withhold Any Plan and Refuse to Submit Before CoC(12.04.2022)
National Company Law Appellate Tribunal, has observed that Resolution Professional of its own cannot withhold any plan and reject to submit the same b.....
Tags : National Company Law Appellate Tribunal, Resolution Professional, Committee of Creditors
NCLT: Committee of Creditors Are Competent to Revise Approved Fees of Resolution Professional(09.05.2022)
National Company Law Appellate Tribunal has ruled that the Committee of Creditors is fully competent to revise its earlier approval of the fees of the.....
Tags : National Company Law Appellate Tribunal, Committee of Creditors, Resolution Professional
NCLT: Transaction Cannot be Held as Fraudulent Without Proper Enquiry into Allegations(06.06.2022)
National Company Law Tribunal (NCLT), Kolkata Bench has held that a transaction cannot be alleged to be preferential, fraudulent or avoidable by the R.....
Tags : NCLT, IBC, Resolution Professional
NCLAT: Resolution Professional Has No Right To Be Heard Before Being Replaced U/S 27 IBC(12.09.2022)
National Company Law Appellate Tribunal has held that when Committee of Creditors decides to replace Resolution Professional (RP) under Insolvency & B.....
Tags : NCLAT, Insolvency, Resolution Professional
SC Allows Disbursal of Rs 1 Crore to 15 Homebuyers on Pro Rata Basis(14.12.2022)
Supreme Court has in matter of compensation sought by homebuyers of Supertech Twin Towers, directed the disbursal of INR One crore that has been depos.....
Tags : Supreme Court, Interim Resolution Professional, Pro Rata Basis, Supertech Twin Towers
SC: RP Can Take Control of Corporate Debtor's Rights in Assets Licensed to Third Parties(16.03.2023)
Supreme Court has held that Resolution Professional (RP) is entitled to take control of the rights of a corporate debtor in assets which are licensed .....
Tags : Supreme Court, Corporate Debtor, Resolution Professional
Jhar. HC: Resolution Professional Under IBC Falls Within Ambit of 'Public Servant' Under POCA(07.04.2023)
Jharkhand High Court has held that Resolution Professional under Insolvency and Bankruptcy Code (IBC) will be considered a public servant under both s.....
Tags : Jharkhand High Court, Resolution Professional, Public Servant, IBC
Supreme Court Refuses to Restrain Formation of CoC for Byju’s(21.08.2024)
Supreme Court has refused to pass an order restraining formation of a Committee of Creditors by Resolution Professional for Byju's in the insolvency p.....
Tags : Supreme Court, Committee of Creditors, Resolution Professional, Byju's
NCLAT: Can’t Challenge Non-Admission of Claim by RP for the First Time in Appeal(19.12.2024)
NCLAT New Delhi bench has held that if non - admission of claim by Resolution Professional is not challenged before the Adjudicating Authority then th.....
Tags : NCLAT New Delhi, Non-Admission, Resolution Professional
NCLAT: RP Can Withdraw Application u/s 12A of IBC Before it is Heard or Allowed(26.12.2024)
NCLAT New Delhi bench has held that a Resolution Professional can withdraw a CIRP withdrawal application under Section 12 of the Insolvency and Bankru.....
Tags : NCLAT New Delhi, Resolution Professional, CIRP
NCLAT: Resolution Professional Can’t Admit Claims Based On Uninvoked Guarantee(10.02.2025)
NCLAT New Delhi bench has held that any claim based on uninvoked guarantee given by the corporate debtor cannot be admitted by the Resolution Professi.....
Tags : NCLAT New Delhi, Uninvoked Guarantee, Resolution Professional
NCLAT: Under Section 99 of IBC Ten-Day Time Period is Directory Not Mandatory(09.04.2025)
NCLAT New Delhi bench has held that under Section 99 of the Insolvency and Bankruptcy Code, 2016 the ten day period within which the Resolution Profes.....
Tags : NCLAT New Delhi, Section 99, Resolution Professional
NCLAT: Under IBC there is No Provision Mandating RP to Share Valuation Report(09.05.2025)
NCLAT New Delhi bench has held that under the Insolvency and Bankruptcy Code, 2016 there is no provision that makes it mandatory for the Resolution Pr.....
Tags : NCLAT New Delhi, Corporate Debtor, Resolution Professional
NCLAT: Only RP Allowed to File Application for Avoidance of Preferential Transactions(23.05.2025)
NCLAT New Delhi bench has held that only a Resolution Professional (RP) can file an application for avoidance of preferential transactions under Secti.....
Tags : NCLAT New Delhi, Resolution Professional, Preferential Transactions
NCLAT: Suspended Management of CD is Prohibited from Deploying the Funds of Corporate Debtor(03.06.2025)
NCLAT New Delhi bench has held that the Corporate Debtor’s suspended management is strictly prohibited from deploying the funds of the Corporate Debto.....
Tags : NCLAT New Delhi, Corporate Debtor, Interim Resolution Professional
Madras HC: IBBI Must Accept Proposal of CD Regarding Appointment of IRP(10.07.2025)
Madras HC while hearing a writ petition challenging the appointment of an Interim Resolution Professional (IRP), has observed that it is incumbent on .....
Tags : Madras High Court, Interim Resolution Professional, IBBI
Madras HC: Insolvency Resolution Professional is Public Servant, Sanction Needed to Prosecute Him(19.08.2025)
Madras High Court has held that a Resolution Professional qualifies as a public servant under the Prevention of Corruption Act, 1988 and directed IBBI.....
Tags : Madras High Court, Resolution Professional, Public Servant