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NCLT Prioritizes IBC Revival Over Winding-Up in Landmark SBI Ruling
NCLT's groundbreaking ruling prioritizes corporate revival under IBC, affirming its supremacy over winding-up proceedings for struggling companies.
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Corporate Insolvency Hurdles: Legal Challenges Mount in Bhushan Power & Steel Case
Unpack the legal complexities and procedural delays stalling the Bhushan Power & Steel insolvency case, from IRP replacement to debt classification disputes.
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Legal Challenges Mount in Bhushan Power and Steel Insolvency Proceedings
New Challenges to Interim Resolution Professional AppointmentsIn a significant development for the corporate insolvency landscape, legal representatives for Devi Singh, the suspended director of Atma Ram, filed applications on June…
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Corporate Guarantor Faces CIRP as Limitation Starts From Demand Notice, Not NPA Classification
NCLT rules CIRP limitation for corporate guarantors begins with demand notice, not NPA, clarifying crucial insolvency law.
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Navigating the Conversion of Limited Share Capital Companies into Guarantee Companies
Recent rulings by the National Company Law Tribunal (NCLT) have established a significant precedent for corporate restructuring, confirming that companies limited by shares can transition into companies limited by guarantee…
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NCLT Allows Shares-to-Guarantee Conversion Despite Regulatory Hurdles
The Allahabad Bench of the National Company Law Tribunal (NCLT) has issued a landmark ruling, permitting a company to proceed with the conversion of its share capital into a company…
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Legal Battle Over Corporate Asset Recovery Intensifies in Insolvency Proceedings
NCLAT hears appeals challenging NCLT's order on corporate asset recovery in India's insolvency cases, focusing on fraudulent transactions.
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Corporate Insolvency Proceedings Escalate as Appeals Challenge NCLT Order in Ligare Aviation Case
Appeals challenge an NCLT order initiating corporate insolvency for Ligare Aviation, raising questions on shareholder rights and arbitral awards.
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Lender Banks Face Contempt Over Rolled-Over BG Limits in Jyoti Structures Case
NCLAT reviews an NCLT order threatening banks with imprisonment for not releasing rolled-over BG limits to Jyoti Structures, impacting corporate insolvency.
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Supreme Court Weighs Crucial Insolvency Case Appeal
The Supreme Court reviews a pivotal insolvency case appeal challenging an NCLT order involving Phoenix ARC and Andes Town Planners.