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IBC NCLAT Section29A
NCLAT Rebukes NCLT's 'Callous' Disqualification of Promoters, Upholds CoC-Approved Resolution Plan New Delhi– In a significant judgment reinforcing the supremacy of the Committee of Creditors' (CoC) commercial wisdom and clarifying key provisions of the Insolvency and Bankruptcy Code, 2016 (I...
#IBC #NCLAT #Section10A
NCLAT Upholds Insolvency Proceedings Against Majestic Hotels, Clarifies Scope of Section 10A Protection New Delhi– The National Company Law Appellate Tribunal (NCLAT), in a significant ruling, has dismissed an appeal filed by the suspended director of Majestic Hotels Limited, upholding the in...
#NCLAT #Insolvency #Section29A
NCLAT Dismisses Unsuccessful Bidder's Challenge, Upholds Manglam Multiplex's Resolution Plan for Varutha Developers New Delhi:The National Company Law Appellate Tribunal (NCLAT), presided over by Justice Ashok Bhushan, has dismissed an appeal filed by Ganga Construction (Consortium), an unsuc...
#NCLAT #Insolvency #NaturalJustice
NCLAT Rules Adverse Remarks Made Without Hearing Not to Tarnish Professional's Record New Delhi- The National Company Law Appellate Tribunal (NCLAT) has ruled that any adverse observations made against an individual by a lower tribunal without providing an opportunity to be heard should not b...
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