National Company Law Tribunal
Case BriefsTribunals/Commissions/Regulatory Bodies

The NCLT acknowledged the impact of force majeure events, particularly the unprecedented rise in coal prices and operational disruptions caused by the COVID-19 pandemic on Corporate Debtor.

National Company Law Tribunal
Case BriefsTribunals/Commissions/Regulatory Bodies

The NCLT held that non-delivery of possession despite payments and continued acknowledgment of liability through emails and communications proved default under Section 7 IBC.

national company law appellate tribunal
Case BriefsTribunals/Commissions/Regulatory Bodies

“The Proceedings under the IBC, 2016, are summary in character and a trial is not conducted, like that of ‘Civil’ matter, before the ‘Competent Civil Court’.”