Search Results for Tag : resolution professional

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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

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

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

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

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

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

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

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: 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

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

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: 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