NCLT admits an application of Pre-Packaged Insolvency Resolution Process under Section 54A – GCCL lnfrastructure & Projects Ltd. – NCLT Ahmedabad Bench

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The term ‘goods’ u/s Section 5(20) and (21) of IBC, 2016 cannot be given an independent meaning de hors the term ‘provision’ being prefixed to the said definition – M/s. NCC Infrastructure Holdings Ltd. Vs. M/s. TAQA India Power Ventures Pvt. Ltd. – NCLT Chennai Bench

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Applications in relation to Chapter VII of IBC is concerned only the Special Court is having jurisdiction to try and hear the Applications – L.K. Sivaramakrishnan, RP of M/s. New Chennai Township Pvt. Ltd. Vs. R.B. Srinivasan, CFO Mar Ltd. – NCLT Chennai Bench

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A separate application to deal with a new issue cannot be entertained under Rule 11 of the NCLT Rules, 2016, after approval of Resolution Plan – SM Milkose Ltd. Vs. M/s Onyx Components and Systems Pvt. Ltd. – NCLT New Delhi Bench Court-II

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Once an allotment agreement is terminated & the Corporate Debtor has agreed to pay the certain amount, in that case, that amount would not come under the category of financial debt as an allottee under section 5(8)(f) explanation (i) of IBC, 2016 – Smt. Kaushalaya Bansal Vs. M/s Dwarkadhis Projects Pvt. Ltd. – NCLT New Delhi Bench Court-II

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NCLT rejects the application u/s 7 of the IBC in the absence of Financial Contract as defined in clause (d) of Rule 1 of AAA Rules, 2016 – Karmal Garment Exports Vs. M/s. Jai India Weaving Mills Pvt. Ltd. – NCLT Chennai Bench

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The Demand Notice to the Personal Guarantor is required mandatorily under Section 95(4)(b) of IBC 2016 read with Rule 7 (1) of the AAAIRPPG Rules, 2019 – State Bank of India Vs. Ms. Jaya Singh (Personal Guarantor of M/s. Energo Engineering Projects Ltd.) – NCLT New Delhi Bench Court-II

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Ex-management are collectively as well as independently, must furnish information and assist the RP in managing the affairs of the Corporate Debtor in order to enable the RP to complete the CIRP expeditiously – Sumit Shukla RP of Trimurti Concast Pvt. Ltd. -NCLT Allahabad Bench

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Whether a Financial Creditor can initiate CIRP against the Personal Guarantor in the absence of any Resolution Process/Liquidation Process against the Corporate Debtor – Insta Capital Pvt. Ltd. Vs. Ketan Vinod Kumar Shah – NCLT Mumbai Bench

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