Search Results for "Corporate Insolvency Resolution Process"

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Search Results for "Corporate Insolvency Resolution Process"

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Supreme Court

Supreme Court Dismisses Appeal by Suspended Director in Insolvency Case Due to Incompetent Filing and Time-Barred Amendment. Appeal Filed in Corporate Debtor's Name by Suspended Director After Admission Was Wholly Incompetent Under Sections 16 and 17 of Insolvency and Bankruptcy Code, 2016, and Could Not Be Converted After Expiry of Limitation Period Under Section 61(2).

10 Apr 2026

The dispute originated from an application filed by Unox S.P.A., an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016 ...

Tribunals

NCLAT Allows Appeal Against NCLT Order Rejecting Resolution Professional's Fee Claim, Directs Reconsideration on Merits. The NCLAT held that the NCLT's order was in violation of natural justice as the RP was not heard before the order was passed, and remanded the matter for fresh consideration.

7 Jul 2025

The case involves an appeal by Mathioli N, the Resolution Professional (RP) of MQ Networks Private Limited, against an order dated 07.07.2025 passed b...

Supreme Court

Supreme Court Dismisses Appeal by Operational Creditor in IBC Resolution Plan Challenge — Commercial Wisdom of Committee of Creditors Upheld. Noida Special Economic Zone Authority's claim for full admitted dues rejected as Resolution Plan approved by CoC and NCLT stands, with IBC overriding SEZ Act.

18 Nov 2024

The case involves an appeal by Noida Special Economic Zone Authority (NSEZ Authority), an operational creditor, against the approval of a resolution p...

High Court

High Court of Karnataka Allows Appeal in Central Excise Case Due to Abatement Under Section 35G of Central Excise Act, 1944 — Settlement Under Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 Renders Proceedings Infructuous and Extinguishes Liability.

30 Sep 2024

The appellant, M/s Patanjali Foods Limited (formerly Ruchi Soya Industries Ltd), filed an appeal under Section 35G of the Central Excise Act, 1944, ch...

High Court

Supreme Court Allows Operational Creditor's Appeal in Insolvency Claim Delay Matter Applying COVID-19 Limitation Extension. The Court held that the period from 15.03.2020 to 14.03.2021 stands excluded in computing limitation for claim filing under the Insolvency and Bankruptcy Code, 2016, making the appellant's claim filed before 14.01.2021 timely.

29 Nov 2021

The dispute originated from a contractual relationship between GPR Power Solutions Private Limited (appellant) and Rohit Ferro Tech Limited (corporate...

Tribunals

NCLAT Chennai Allows Appeals by Resolution Professional Against Rejection of Fee Claims Under IBC. Held that the Adjudicating Authority cannot reduce or disallow fees fixed by the Committee of Creditors without valid reasons.

30 Nov -0001

The present appeals were filed by Mr. Immaneni Eswara Rao, a Resolution Professional, against four separate orders passed by the National Company Law ...

Tribunals

NCLAT Allows Appeal Against Rejection of Claim by RP in CIRP of Sovereign Industries Ltd. — Claimant's Right to File Claim Before Adjudicating Authority Not Barred by Limitation Under IBC. The NCLAT held that acknowledgment of debt in balance sheets extends limitation and the RP's rejection was erroneous.

30 Nov -0001

The case involves an appeal by Mr. Bhagawant Narayan Naik against the rejection of his claim by the Resolution Professional (RP) of Sovereign Industri...

Tribunals

NCLAT Dismisses Appeals Against Admission of Personal Insolvency Application Under Section 95(1) IBC — Guarantors' Challenge Fails Due to Debt Acknowledgment and Lack of Objection Before NCLT. The Tribunal held that the appeals were not maintainable as the appellants had acknowledged the debt and failed to raise any dispute before the Adjudicating Authority, and no infirmity was found in the impugned order.

30 Nov -0001

The National Company Law Appellate Tribunal (NCLAT), Chennai Bench, delivered a common judgment in two connected appeals filed by Mr. Rajesh Bhatia an...

Tribunals

NCLAT Dismisses Appeal Against Approval of Resolution Plan for Lack of Standing — Appellant Not an Aggrieved Person Under Section 61 of IBC, 2016. The appellant, not being a party to the CIRP and whose claim was not admitted, lacks locus standi to challenge the order approving the resolution plan.

30 Nov -0001

The case involves an appeal filed by Boorugu Infra Projects Private Limited in consortium with Vishwanath Projects Limited against the order of the Na...

Tribunals

NCLAT Dismisses Appeal by Financial Creditor Against IRP Fee Claim in Insolvency Case — Professional Fee of IRP Approved by CoC Must Be Paid by Corporate Debtor.

30 Nov -0001

The case involves an appeal filed by the Chief Manager of Canara Bank, the sole Financial Creditor of M/s S.V.K. Shipping Services Pvt. Ltd. (Corporat...

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