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IBC proceedings are time bound; belated claim by creditor cannot be considered: NCLAT

A coram of Chairperson Ashok Bhushan and technical member Arun Baroka observed in an April 19 order that a person who sleeps over their rights should not be given the indulgence of condonation of delay.

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NCLAT temporarily stays insolvency process against Deccan Charters

NCLT had initiated the CIRP against the chartered helicopters and aircrafts company on April 5 for alleged default of over ₹9 crores.

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NCLAT stays insolvency process against Dream 11 till February 23

Dream 11 co-founder Bhavit Sheth filed an application claiming that the application seeking initiation of insolvency against Dream 11 was barred under Section 10A of IBC.

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Each homebuyer vote matters when voting on resolutions to withdraw CIRP: NCLAT

When it comes to proposals to withdraw CIRP, it is not enough to only count the opinion of the majority of homebuyers, the NCLAT held.

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NCLAT Fortnightly: Important orders on IBC (December 1 – December 15, 2023)

The article provides a brief look at important orders passed by the NCLAT under the IBC between December 1 and December 15, 2023.

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