Tag: NCLAT judgment

NCLAT: Creditors Cannot Adjust Corporate Debtor’s Assets During CIRP; IBC Overrides Multi-State Co-operative Laws

Team Law Notify Commissions, Forums & Tribunals March 13, 2026

NCLAT _ National Company Law Appellate Tribunal _ LawNotify

March 12, 2026 : The National Company Law Appellate Tribunal, Principal Bench, New Delhi, has held that a creditor cannot unilaterally adjust dues from the assets of a corporate debtor during the Corporate Insolvency Resolution Process (CIRP), as such actions Read more…

NCLAT: Directors’ Remuneration Not Fraudulent Trading Under IBC Without Clear Proof of Intent to Defraud

Team Law Notify Commissions, Forums & Tribunals March 4, 2026

March 04, 2026 : The National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi, has held that remuneration paid to directors for managerial services cannot be treated as fraudulent or wrongful trading under Section 66 of the Insolvency Read more…

SARFAESI Demand Notice Validly Invokes Personal Guarantee Despite ‘Director’ Label

Team Law Notify Commissions, Forums & Tribunals January 14, 2026

NCLAT, January 7, 2026 : The National Company Law Appellate Tribunal has clarified that a demand notice issued under Section 13(2) of the SARFAESI Act does not lose its legal effect merely because a personal guarantor is described as a Read more…