Tag: insolvency professionals

NCLT Kolkata held suspended directors can challenge asset depletion during CIRP under the IBC.

Team Law Notify Commissions, Forums & Tribunals May 5, 2026

NCLT _ National Company Law Tribunal _ LawNotify

May 4, 2026 : The Kolkata Bench of the National Company Law Tribunal has held that directors of a suspended board are not entirely barred from approaching the adjudicating authority during the Corporate Insolvency Resolution Process (CIRP), especially in cases Read more…

NCLAT: Liquidator Cannot Appeal Replacement Under IBC; Dismisses Challenge in Tecpro Systems Case

Team Law Notify Commissions, Forums & Tribunals March 11, 2026

March 10, 2026 : The National Company Law Appellate Tribunal (NCLAT), New Delhi has held that a liquidator cannot maintain an appeal against his replacement under the Insolvency and Bankruptcy Code (IBC), observing that removal from a statutory assignment does Read more…