Interim Moratorium News Today

The Kerala High Court on Friday laid down that mere uploading of an application under Section 96 of the Insolvency and Bankruptcy Code (IBC), 2016, cannot be regarded as filing of an application for...

A bench led by CJI Dhananjaya Y Chandrachud held that the impugned provisions are bereft of any illegality and augur well with the legislative intent of the Insolvency and Bankruptcy Code, (IBC) 2016 | Latest News India

GoFirsts employees are concerned about their salaries if they stick with the airline through its insolvency resolution process, while its lessors are concerned about their lease payments and have even approached the National Company Law Appellate Tribunal (NCLAT) to contest the order by the NCLT.

The tribunal had reserved its order in the matter on 4 May. The Wadia Group firm filed for insolvency on 2 May following suspension of flights on 3 May.

The Wadia Group-backed carrier voluntarily filed for insolvency at the NCLT on 2 May after announcing suspension of flights for 3-4 May.

The Delhi High Court has ordered to refund court fee to a plaintiff in a commercial suit after interim moratorium was imposed on the defendants by National Company Law Tribunal in Mumbai under...

The National Company Law Appellate Tribunal (“NCLAT”), Chennai Bench, comprising of Justice M. Venugopal (Judicial Member) and Ms. Shreesha Merla (Technical Member), while adjudicating an appeal...

The court said that moratorium under Section 96 of the IBC comes into effect as soon as an application is filed by a creditor or debtor for insolvency proceedings under Section 94 or 95.

NCLAT held that the date of filing of an application is the date when the application is placed before the Registry, and not the date when the Registry numbers the application.