Operational Debt News Today

In a significant development, the Supreme Court on Thursday (April 25) held that debt would be treated as an operational debt only if the claim subject matter of the debt has some connection or...

India Business News: The Insolvency & Bankruptcy Code (IBC) is "not a recovery mechanism", observed the National Company Law Appellate Tribunal (NCLAT), while dismissing a

This is the second such observation from the Chennai bench of the insolvency appellate tribunal this month, after declining to entertain the petition from operational creditors.

Again, while rejecting a plea against United Telecoms last week, a two-member bench comprising justices M Venugopal and Shreesha Merla said: "Time and again, the apex court in a catena of judgments held that the IBC is not a recovery mechanism.

The National Company Law Appellate Tribunal has dismissed a plea against United Telecoms Ltd, stating that the Insolvency & Bankruptcy Code is not a recovery mechanism. The Chennai bench had also refused to entertain a petition from operational creditors. The tribunal upheld the order by the Bengaluru bench of the National Company Law Tribunal, which had dismissed the plea moved by an operational creditor claiming a default of Rs 8.46 crore against United Telecoms Ltd.

NCLT passed the order on a plea by Vista Processed Foods Pvt Ltd, which has accused Goli Vada Pav of failing to repay a debt of Rs 3.56 crore

Supreme Court Supertech Insolvency: Supreme Court Approves Project Wise Resolution Plan Case Title: Indiabulls Asset Reconstruction Company Limited v Ram Kishore Arora & Ors. Citation:...

The National Company Law Tribunal, Mumbai Bench, comprising Shri Kishore Vemulapalli (Judicial Member) and Shri Prabhat Kumar (Technical Member), while adjudicating an application under Section 9...

The National Company Law Tribunal, New Delhi Bench, comprising Chief Justice (Retd.) Ramalingam Sudhakar (Judicial Member) and Shri Avinash K. Srivastava (Technical Member), while adjudicating an...

Supreme Court IBC | Date Of Order Pronouncement & Time Taken To Provide Certified Copy Excluded From Limitation Period For Appeal To NCLAT: Supreme Court Case Title: Sanket Kumar Agarwal &...