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IBC | For Rejection Of A Resolution Plan Under Section 31(2), NCLT Must Pass A Reasoned Order: Supreme Court - Vimarsana News

IBC | For Rejection Of A Resolution Plan Under Section 31(2), NCLT Must Pass A Reasoned Order: Supreme Court

The Supreme Court has held that when the National Company Law Tribunal (“NCLT”) exercises its power under Section 31(2) of the Insolvency and Bankruptcy Code, 2016 to not approve a resolution plan,...

Source: livelaw.in
IBC | No Casual Interference With Commercial Wisdom Of CoC : Supreme Court Sets Aside NCLT Direction To Reevaluate Corporate Debtor's Assets - Vimarsana News

IBC | No Casual Interference With Commercial Wisdom Of CoC : Supreme Court Sets Aside NCLT Direction To Reevaluate Corporate Debtor's Assets

The Supreme Court has set aside an order whereby the National Company Law Tribunal (“NCLT”) kept the approval of a resolution plan in abeyance while directing an Official Liquidator to conduct...

Source: livelaw.in
No reference of disputes before Arbitral Tribunal after approval of Resolution Plan - Vimarsana News

No reference of disputes before Arbitral Tribunal after approval of Resolution Plan

The article provides insight into the Delhi High Court's decision in Indian Oil Corporation Ltd v. Arcelor Mittal Nippon Steel India Ltd.

Supreme Court Monthly Digest September 2023 - Vimarsana News

Supreme Court Monthly Digest September 2023

Citations: 2023 LiveLaw (SC) 737 To 2023 LiveLaw (SC) 843SUBJECT WISE INDEXAbortion'No immediate threat to mother's life; no foetal abnormality' : Supreme Court rejects married woman's plea to abort...

Source: livelaw.in
Supreme Court Half Yearly Digest 2023: Insolvency And Bankruptcy Code - Vimarsana News

Supreme Court Half Yearly Digest 2023: Insolvency And Bankruptcy Code

Companies Act, 2013 - Upholds the constitutionality of Section 327(7) of the Companies Act, which excludes workers dues from priority payment in the event of liquidation of a company under the...

Source: livelaw.in