NCLAT: No New Settlement Proposals Permitted After Approval Of Resolution Plan In a significant ruling, the National Company Law Appellate Tribunal (NCLAT) New Delhi division bench, comprising...
Supreme Court: Resolution Applicant Cannot Withdraw Or Modify CoC-Approved IBC Resolution Plan The Supreme Court has reaffirmed that once a resolution plan receives approval from the Committee of...
Saraf and Partners Acted For Counsel of CoC in CIRP of Simplex Projects Limited Saraf and Partners acted as the legal counsel for the Committee of Creditors (CoC) led by the State Bank of India,...
NCLAT Overturns NCLT Decision Allowing Settlement during Pending Resolution Plan Approval Application The National Company Law Appellate Tribunal ("NCLAT"), Principal Bench, chaired by Justice Ashok...
Trilegal advise the CoC of South East UP Power Transmission Company in the CIRP Trilegal acted on behalf of the Committee of Creditors (CoC) of South East UP Power Transmission Company Limited...
NCLAT: Once Resolution Plan Is Approved by CoC; Adjudication Authority Can't Direct Invitation of Fresh Bids The National Company Law Appellate Tribunal (NCLAT), Chennai bench, in the case titled...
Insolvency and Bankruptcy Code: Supreme Court of India Endorses the Fresh Start On a Clean Slate Principle The Supreme Court holds that a successful resolution applicant should be given an...
NCLAT: Financial Creditor can simultaneously initiate CIRP against Principal Borrower and Corporate Guarantor In this case, the National Company Law Appellate Tribunal (NCLAT) posed with the...
The Workings of the Pre-Pack Insolvency Process a Primer While the evolution of the insolvency and bankruptcy laws in the country coupled with the black swan event sweeping the globe has led to the...
IBC does not provide for testing validity of resolution plan disapproved by the CoC: NCLAT The National Company Law Appellate Tribunal (NCLAT) has ruled that a limited judicial review is available in...
Code of Conduct for Insolvency Professionals includes maintaining of integrity and professional competence for rendering professional service This Order disposed of the Show Cause Notice (SCN)...
Every IP should take reasonable care and diligence while performing his dutiesA Show Cause Notice (SCN) had been issued to the Insolvency Professional (IP) for accepting the assignment as the...
