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Weekly Digest Of IBC Cases: 20th To 26th May 2024

NCLAT dismisses Religare s appeal against CCI nod

NCLAT rejected REL s appeal regarding Burman s share acquisition. CCI ensures fair competition. Justice Khanna and Mehrotra maintained status quo. Fraud allegations, ESOP issuance, remuneration without approval are under scrutiny.

NCLAT dismisses Religare s appeal against CCI nod

NCLAT gets three new members; two members to join Chennai Bench soon

NCLAT Sets Aside NCLT Order Quashing Invocation of Bank Guarantee during Moratorium

Setting aside an order passed by the National Company Law Tribunal (NCLT), New Delhi bench, the National Company Law Appellate Tribunal (NCLAT) ruled that the bank guarantee provided by Canara Bank is held to be covered by the exception provided in provisions of section 14(3)(b) of the Insolvency and Bankruptcy Code (IBC) and the moratorium prescribed under section 14(1) of IBC, 2016 will not apply to the encashment of the bank guarantee.

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