For fair IBC recovery, rethink how it handles instances of insider lending in corporate insolvency cases Mint Read the original article here
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In a significant ruling that resolves a long-standing conflict between insolvency law and market regulation, the National Company Law Appellate Tribunal (NCLAT) has made it clear that regulatory restrictions cannot obstruct insolvency proceedings. The tribunal dismissed appeals filed by the Bombay Stock Exchange (BSE), upholding the authority of the National Company Law Tribunal (NCLT) to…
BKM Industries Limited Submits Delayed Financial Results for FY23 Following CIRP Completion scanx.trade Read the original article here
BKM Industries Limited Submits Delayed Q3 FY23 Financial Results Following CIRP Resolution scanx.trade Read the original article here
NCLAT upholds NCLT powers to direct defreezing of demat accounts in insolvency cases; dismisses BSE… Moneycontrol.com Read the original article here
Representational Image (IANS) New Delhi: The National Company Law Appellate Tribunal (NCLAT) has dismissed the appeals filed by BSE, where the leading bourse challenged the power of the NCLT to defreeze the Demat accounts of businesses undergoing insolvency resolution and liquidation process. A two-member NCLAT bench said the National Company Law Tribunal (NCLT) has the…
The appellate tribunal’s decision reinforces the rules for corporate insolvency and clarifies asset control, aiming to smooth asset recovery for creditors by removing potential conflicts with market rules during resolutions. The ruling shows how the IBC is increasingly recognized as the primary law in complex financial distress situations. The National Company Law Appellate Tribunal dismissed…
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New Delhi, Mar 29 (PTI) The National Company Law Appellate Tribunal (NCLAT) has dismissed the appeals filed by BSE, where the leading bourse challenged the power of the NCLT to defreeze the Demat accounts of businesses undergoing insolvency resolution and liquidation process. A two-member NCLAT bench said the National Company Law Tribunal (NCLT) has the…