( 9456 results )
National Company Law Appellate Tribunal

NCLAT: NCLT cannot substantially alter approved resolution plan under ‘clerical error’ rectification pretext

  • Citation Number : LSI-50-NCLAT-2020(NDEL)
Securities Appellate Tribunal

SAT: Shareholders not ‘select group of persons’, hence offer of FCDs not ‘private placement’

  • Citation Number : LSI-49-SAT-2020(MUM)
National Company Law Appellate Tribunal

NCLAT: Upholds NCLT order excluding related parties from CoC; Averts Promoter’s back-door entry

  • Citation Number : LSI-47-NCLAT-2020(NDEL)
Securities & Exchange Board of India

SEBI: FPIs can invest in Indian Company’s unlisted equity shares, subject to applicable laws

  • Citation Number : LSI-46- SEBI-2020(MUM)
Securities Appellate Tribunal

SAT: Quashes SEBI order directing Fortis Healthcare to recover money from Religare Finvest

  • Citation Number : LSI-45-SAT-2020(MUM)
National Company Law Appellate Tribunal

NCLAT: Foils creditor’s attempt to use IBC for enforcing contract that never materialized

  • Citation Number : LSI-44-NCLAT-2020(NDEL)
Supreme Court

SC: SAT’s observations casting aspersion on SEBI in Bennett Coleman case, uncalled for

  • Citation Number : LSI-42-SC-2020(NDEL)
National Company Law Tribunal

NCLT: Operational Creditor to bear IRP remuneration expense, absent ratification by CoC

  • Citation Number : LSI-41-NCLT-2020(AHM)
Insolvency and Bankruptcy Board of India

IBBI: Cancels IP’s registration for non-fulfilment of ‘fit and proper person’ criterion

  • Citation Number : LSI-40-IBBI-2020(NDEL)
High Court

HC: Independent director not vicariously liable for cheque dishonor, absent specific role attribution

  • Citation Number : LSI-39-HC-2020(DEL)
National Company Law Appellate Tribunal

NCLAT: Reiterates CoC’s commercial wisdom in approval of Resolution plan; Affirms NCLT order

  • Citation Number : LSI-38-NCLAT-2020(NDEL)
National Company Law Tribunal

NCLT: Refund of amount paid towards brokerage not “financial debt”; Rejects CIRP initiation

  • Citation Number : LSI-18-NCLT-2019(KOL)
National Company Law Appellate Tribunal

NCLAT: CIRP against holding, no bar for initiation of insolvency proceedings against subsidiary

  • Citation Number : LSI-17-NCLAT-2019(NDEL)
National Company Law Appellate Tribunal

NCLAT: Reiterates RP has no jurisdiction to decide creditors’ claims

  • Citation Number : LSI-16-NCLAT-2019(NDEL)
National Company Law Appellate Tribunal

NCLAT: Allows operational creditors’ representative to “only watch” CoC proceedings

  • Citation Number : LSI-63-NCLAT-2018(NDEL)
Supreme Court

SC: Secured Creditor’s winding up petition valid regardless of recovery certificate from DRT

  • Citation Number : LSI-15-SC-2019(NDEL)
National Company Law Appellate Tribunal

NCLAT: Rejects NCLT order dismissing insolvency petition basis misleading statements by Corporate Debtor

  • Citation Number : LSI-37-NCLAT-2020(NDEL)
National Company Law Appellate Tribunal

NCLAT: Releases Raheja Developers from IBC rigours; Cites homebuyers’ malice behind CIRP initiation

  • Citation Number : LSI-36-NCLAT-2020(NDEL)
High Court

HC: Extending unexecutability of award, preventing Debtor from recovering dues, contrary to IBC’s object

  • Citation Number : LSI-85-HC-2017(DEL)
National Company Law Tribunal

NCLT: No hard and fast rule to pay RP’s fee; Fixes monthly fee of Rs. 2 Lakh

  • Citation Number : LSI-62-NCLT-2018(BAN)