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Search Results for "NCLT Chennai"

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Tribunals

NCLAT Dismisses Appeal Against Rejection of Application to Declare Assignment Agreement Null and Void for Insufficient Stamping — Appellant Had Already Sought Same Relief Before High Court, Rendering Appeal Infructuous.

11 Jun 2025

The appellant, G. Yoganand, filed an application before the National Company Law Tribunal (NCLT), Hyderabad, in CP (IB) No. 359/95/HDB/2022, seeking a...

Tribunals

NCLAT Allows Section 95 Application Against Personal Guarantors in IBC Case — Limitation Period for Filing Application Under Section 95 Commences from Date of Default in Demand Notice Under Guarantee Contract, Not from Date of NCLT Order Admitting Corporate Debtor. The court held that the limitation for filing an application under Section 95 of the Insolvency and Bankruptcy Code, 2016 against a personal guarantor runs from the date of default in the demand notice under the guarantee contract, and not from the date of the NCLT order admitting the corporate debtor.

22 Oct 2024

The National Company Law Appellate Tribunal (NCLAT) at Chennai, by a common judgment dated 22.10.2024, allowed two appeals filed by the State Bank of ...

Tribunals

NCLAT Dismisses Appeal by Personal Guarantors Against Liquidation Order for Lack of Locus Standi and Limitation. The appeal challenging the liquidation of M/s. Raihan Healthcare Pvt. Ltd. under Section 33 of the Insolvency and Bankruptcy Code, 2016 was dismissed as the personal guarantors had no standing to challenge the liquidation without their liability being adjudicated under Section 60(2) of the IBC.

9 Jul 2024

The case involves an appeal filed by M.K. Resely and seven others (appellants) against the liquidation order of M/s. Raihan Healthcare Pvt. Ltd. (corp...

Tribunals

NCLAT Allows Appeal Against NCLT Order Permitting Erstwhile Promoter to Submit Resolution Plan. The Tribunal held that an erstwhile promoter who is a related party under Section 29A of the Insolvency and Bankruptcy Code, 2016 is ineligible to submit a resolution plan.

27 Jun 2024

The appeal was filed by M/s. Meir Commodities India Pvt. Ltd., a prospective resolution applicant, challenging the order of the National Company Law T...

Tribunals

NCLAT Dismisses Appeal Against NCLT Order in Company Petition for Oppression and Mismanagement — Maintainability of Appeal Under Section 421 of Companies Act, 2013. The appeal was dismissed as withdrawn with liberty to file a fresh petition before the NCLT, as the appellant failed to demonstrate any error in the impugned order.

30 Nov -0001

The case involves an appeal filed by Mr. Harsha Vardhan Reddy against an order of the National Company Law Tribunal (NCLT) in a company petition alleg...

Tribunals

NCLAT Dismisses Liquidator's Appeal Seeking Return of Bank Guarantees and Margin Money Post-Invocation. Bank Guarantee Invocation Extinguishes Both Margin Money and Bank's Liability, Liquidator Cannot Claim Refund.

30 Nov -0001

The case involves an appeal by Mr. Rajendra Prasad Tak, the Liquidator of M/s. KVK Nilachal Power Pvt. Ltd. (Corporate Debtor), against an order of th...

Tribunals

NCLAT Dismisses Appeal Against Rejection of Section 9 Application Due to Pre-existing Dispute and Limitation. Operational Creditor's claim for work done under contract held to be time-barred and disputed, warranting dismissal under Section 9 of Insolvency and Bankruptcy Code, 2016.

30 Nov -0001

The appeal arises from the dismissal of a Section 9 application under the Insolvency and Bankruptcy Code, 2016 (IBC) by the National Company Law Tribu...

Tribunals

NCLAT Allows Liquidator's Appeal in Insolvency Case, Directs NLC India to Pay Rs. 40.98 Crores for Unpaid Dues. The Tribunal held that the Liquidator is entitled to recover amounts due under contracts executed before liquidation, including substation maintenance charges, retention amount, and unpaid invoices, as the claims arose prior to the liquidation commencement date.

30 Nov -0001

The Appellant, Mr. Amier Hamsa Ali Abbas Rawther, is the Liquidator of LSML Private Limited (Corporate Debtor). He filed an application (IA(IBC)/1618/...

Tribunals

NCLAT Allows Fresh Form G to Maximize Asset Value in CIRP of Raigarh Champa Rail Infrastructure Pvt. Ltd. — Challenge Mechanism Under Regulation 39(1A)(b) of IBBI Regulations, 2016 Must Be Conducted Among Existing Resolution Applicants.

30 Nov -0001

The appeal was filed by JM Financial Asset Reconstruction Company Ltd., acting as trustee of Rail December 2024 Trust, challenging the Impugned Order ...

Tribunals

National Company Law Appellate Tribunal Allows Appeals by Homebuyers Associations Against NCLT Order Rejecting Impleadment in CIRP — Allottees Held to Be Financial Creditors Under IBC Entitled to Be Heard. The Tribunal directed impleadment of the associations in the pending application before the Adjudicating Authority to ensure their right to be heard is protected.

30 Nov -0001

The case involves four appeals filed by two residents' associations (Sharon Hills Residents Association and Angelwoods Apartments Allottees Associatio...

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