Operational Creditor Archives

Case Briefs Tribunals/Commissions/Regulatory Bodies

NCLAT rejects Corporate Creditor’s demand of payment of outstanding operational debt worth Rs 58 crores, after finding ‘plausible contention’ in debtor’s arguments

National Company Law Appellate Tribunal, New Delhi: The 3-Member Bench of Justice Bansi Lal Bhat (Acting Chairperson), V.P. Singh, Member (Technical) and

Case Briefs Tribunals/Commissions/Regulatory Bodies

NCLAT | Rejection of application under S. 9 IBC upheld where CIRP initiated with ‘fraudulent and malicious’ intent

National Company Law Appellate Tribunal (NCLAT): A Bench of S.J. Mukhopadhaya, Chairperson and Justice A.I.S Cheema, Member (Judicial) and Kanthi Narahari, Member

Case Briefs Supreme Court

Trade Union is an operational creditor under the Insolvency and Bankruptcy Code, 2016

Supreme Court: Holding that the trade union represents its members who are workers, to whom dues may be owed by the employer,

Case Briefs Tribunals/Commissions/Regulatory Bodies

NCLAT | A shareholder can save corporate debtor from insolvency by paying creditor’s dues before constitution of CoC even if S. 9 application has been admitted

National Company Law Appellate Tribunal (NCLAT): A Bench of Justice S.J. Mukhopadhaya, Chairperson and Justice A.I.S Cheema, Member (Judicial) and Kanthi Narahari,