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NCLAT Allows Settlement and Disposes of Appeal Against CIRP Admission Under Section 7 of IBC. The appeal against admission of corporate debtor into CIRP was settled between the director and the financial creditor, leading to setting aside of the NCLT order....

The case involves an appeal filed by Smt. Kandala Vijaya, Director of the suspended board of Deepika Infratech Private Limited, against an order dated 08.03.2023 of the NCLT, Hyderabad bench, which ad...

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NCLAT Upholds Sale of Corporate Debtor as Going Concern in Liquidation — Confirms Immunity Under Section 32A IBC. Liquidator's Application for Confirmation of Sale and Immunity Allowed Despite Objections from Suspended Directors....

The appeal arose from a common order dated 27.09.2024 passed by the NCLT, Chennai, in IA(IBC)/415/2024, IA(IBC)/1701/2023, and IA(IBC)/1757/2023 in the principal proceedings IBA/870/2020, concerning t...

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NCLAT Dismisses Appeal in Insolvency Case Due to Lack of Privity of Contract. Operational Debt Claim Under Section 9 of IBC, 2016 Fails as No Direct Contractual Relationship Exists Between Appellant and Respondent....

The present appeal was filed by Rahee Jhajharia E to E JV (the Appellant) under Section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC) against the order dated 25.09.2024 passed by the National C...

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NCLAT Dismisses Appeal by Suspended Director Against Admission of Section 7 Application by State Bank of India Against Corporate Debtor. The appeal was dismissed as the appellant lacked standing to challenge the assignment of debt from SBI to NARCL, and the Section 7 application was maintainable based on the debt assigned....

The appeal was filed by Nakul Bharana, a suspended director of Bareilly Highways Project Limited (corporate debtor), challenging the order dated 23.09.2024 of the National Company Law Tribunal, New De...

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NCLAT Dismisses Appeal Against NCLT Order in IBC Case for Lack of Reasons — Appellant Failed to Show Prejudice from Impugned Order. The appeal under Section 61 of IBC was dismissed as the appellant did not demonstrate any prejudice caused by the non-speaking order....

The appellant, Dr. Yartagadda Krishna Mohan, filed a Company Appeal under Section 61 of the Insolvency and Bankruptcy Code, 2016 before the National Company Law Appellate Tribunal (NCLAT), Chennai, ch...

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NCLAT Dismisses Appeal of Successful Resolution Applicant Against Conditions in Resolution Plan Implementation Order. Tribunal upholds NCLT's authority to impose conditions for enforcement of resolution plan under Section 61(3) of Insolvency and Bankruptcy Code, 2016....

The appellant, M/s. Rocksand Minerals Private Limited, a successful resolution applicant, filed an appeal under Section 61(3) of the Insolvency and Bankruptcy Code, 2016 against the order dated 20th M...

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NCLAT Allows Personal Guarantors' Appeals Against NCLT Order Dismissing Recall Applications in Section 95 IBC Insolvency Proceedings. The admission orders were passed without hearing the guarantors, violating natural justice, and the matters were remanded for fresh consideration....

The case involves five appeals filed by personal guarantors (Tummala Sri Ganesh, Tummala Yugandhar, and others) against an order dated 19.07.2024 passed by the National Company Law Tribunal (NCLT), Hy...

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NCLAT Allows Appeal Against Exclusion of Personal Guarantors from CoC in CIRP of Corporate Debtor — Re-constitution of Committee of Creditors Set Aside. Personal Guarantors Are Not Members of Committee of Creditors Under Section 21(2) of Insolvency and Bankruptcy Code, 2016....

The National Company Law Appellate Tribunal (NCLAT) heard an appeal against an order of the Adjudicating Authority (NCLT, Chandigarh Bench) dated 01.07.2024, which allowed an application filed by the ...

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NCLAT Sets Aside NCLT Order in IBC Liquidation Case for Violating Natural Justice by Ignoring SRA's Counter Affidavit. The Successful Resolution Applicant's e-filed counter was accepted but not considered, leading to remand for fresh hearing....

The case involves an appeal under Section 61 of the Insolvency and Bankruptcy Code, 2016, filed by the Successful Resolution Applicant (SRA) challenging an order dated 31.05.2024 passed by the Nationa...