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IBC | NCLT Has To Admit Sec 7 Petition If Debt Is Due; Decision In 'Vidarbha Industries' Based On Its Facts : Supreme Court

The Supreme Court has held that if the existence of a financial debt and its default on the part of Corporate Debtor has been proved, then the National Company Law Tribunal (“NCLT”) is left with no. ....

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Yes Bank moves NCLT Mumbai to initiate insolvency proceedings against Zee Learn

Bench of judicial member Justice PN Deshmukh and technical member KK Vohra issued notice to Zee on the application under Section 7 of Insolvency and Bankruptcy Code. ....

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NCLT, NCLAT cannot direct settlement by acting as courts of equity: Supreme Court

The Supreme Court held that the NCLT and the NCLAT cannot act as courts of equity by directing parties to settle. ....

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