IBC

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NCLAT · New Delhi

Recall Is Not a Substitute for Appeal or Review: NCLAT New Delhi

In two rulings, NCLAT New Delhi refused recall of earlier orders, holding that recall needs fraud pleaded with particulars or an adverse order passed without he…

Nov 12, 20262 min read

NCLAT · New Delhi-[PB]

Personal Guarantor’s Locus Objection Awaits Section 100 Stage, Not RP Appointment

NCLAT Principal Bench refused to interfere with appointment of a resolution professional against personal guarantors, holding that objections to a minority debe…

Nov 12, 20262 min read

NCLAT · New Delhi-[PB]

MSME Framework No Defence to Section 7 Petition After Status Lapsed: NCLAT Principal Bench

NCLAT Principal Bench upheld insolvency admission of an aluminium unit, holding that MSME revival protections raised only in written submissions, after the unit…

Nov 12, 20262 min read

NCLAT · New Delhi

Pre‑Existing Dispute Must Be Plausible, Not Significant

NCLAT New Delhi closed the insolvency of a pharmaceutical company, holding that the NCLT wrongly admitted an operational creditor's claim by weighing the streng…

Nov 12, 20262 min read

NCLAT · New Delhi

Unhonoured OTS Offers No Bar to Section 7 Admission: NCLAT New Delhi

NCLAT New Delhi upheld insolvency admission of a logistics company, holding that a conditional one-time settlement never funded by the debtor cannot defeat a fi…

Nov 12, 20262 min read

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