Insolvency & BankruptcyImportant Orders of NCLAT under IBC

February 9, 20190
Important Orders of NCLAT under IBC
Some of the important orders of NCLAT are as below

Allottees of real estate project ‘financial creditors’ under amended Section 5(8)(f) of I&B Code; appeal against NCLT order allowed
[Rajendra Kumar Saxena v. Earth Gracia Buildcon (P) Ltd., 2018 SCC Online NCLAT 711, order dated 11-09-2018] 

NCLT not to entertain application under Section 9 I&B Code before expiry of 10 days from date of giving notice under Section 8(1): NCLAT
[Jaya Patel v. Gas Jeans (P) Ltd., 2018 SCC Online NCLAT 783, order dated 08-10-2018]

Admission of application under Section 7 of I&B Code even after settlement between parties declared illegal
[Gaurav Pandey v. Eternity Investment Services (P) Ltd., 2018 SCC Online NCLAT 836, order dated 30-11-2018]

No appeal against reference of arbitration lies under Section 421 of Companies Act, 2013
[Richa Kar v. Actoserba Active Wholesale (P) Ltd., 2019 SCC Online NCLAT 2, order dated 11-01-2019]

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