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NCLT Allows Dispensation of Creditor Meetings in Holding-Subsidiary Amalgamation, Citing No Adverse Impact on Rights: NCLT Hyderabad
Amalgamation NCLT CompaniesAct2013
NCLT Hyderabad Approves Dispensation of Shareholder and Creditor Meetings in Holding-Subsidiary Merger Hyderabad, Telangana– The National Company Law Tribunal (NCLT), Hyderabad Bench, has allowed the dispensation of meetings for shareholders and creditors in the amalgamation of Enhops Solutio...
Suspended Director Has Locus to Challenge Time-Barred Claims; Debt Held Time-Barred in Prior S.7 Proceeding Cannot Be Admitted in CIRP: NCLT Mumbai
#Insolvency #NCLT #TimeBarredDebt
NCLT Mumbai Partially Allows Suspended Directors' Plea, Excludes Phoenix ARC's Time-Barred Debt from CIRP Mumbai, July 17, 2025– The National Company Law Tribunal (NCLT), Mumbai Bench, has delivered a significant ruling on the scope of a Resolution Professional's (RP) duty in verifying claims...
Demerger Scheme Valid Even if Foreign Parent of Resulting Company Issues Consideration: NCLT Chandigarh
#NCLT #CorporateLaw #Demerger
NCLT Sanctions Complex Demerger, Affirms Foreign Parent Can Issue Consideration Chandigarh, India- The National Company Law Tribunal (NCLT), Chandigarh Bench, has sanctioned a complex Scheme of Arrangement involving the demerger of a business between two Indian entities where the consideratio...
Mere Account Irregularity During S.10A Period Is Not 'Default'; Date of NPA Is Key: NCLT Mumbai
IBC NCLT Section10A
NCLT Admits Canara Bank’s Insolvency Plea Against Elegant Forge for ₹81 Crore Default, Clarifies Scope of Section 10A Mumbai, July 11, 2025– The National Company Law Tribunal (NCLT), Mumbai Bench, has admitted Canara Bank's petition to initiate the Corporate Insolvency Resolution Process (CIR...
NCLT Approves Resolution Plan Under IBC S.30 After Re-Voting, Pulling Corporate Debtor from Brink of Liquidation
#IBC #NCLT #ResolutionPlan
NCLT Greenlights Resolution Plan for Shri Fakirchand Enterprises After Dramatic Re-Vote Halts Liquidation Mumbai- In a significant ruling that underscores the objective of the Insolvency and Bankruptcy Code (IBC) to revive distressed companies, the National Company Law Tribunal (NCLT), Mumbai...
Loan from Director Is Not a ‘Deposit’ Under S. 73 of Companies Act, 2013; Subsequent Change in Director's Status Doesn't Alter Loan's Character: NCLT New Delhi
CompaniesAct2013 NCLT CorporateLaw
Loan From Director Is Not A 'Deposit'; Subsequent Exit Doesn't Alter Character: NCLT Dismisses Ex-Director's Plea New Delhi:The National Company Law Tribunal (NCLT), New Delhi Bench, has delivered a significant ruling clarifying the distinction between a director's loan and a "deposit" under ...
