Kashish Singh

NCLT Bengaluru Holds Separate CIRP Cannot Be Initiated For A Project When Developer Is Already Undergoing CIRP Introduction The present petition concerned whether a separate Corporate Insolvency Resolution Process (CIRP) could be initiated in respect of a particular real estate project when the developer, as the Corporate Debtor, was already undergoing CIRP as a whole.

NCLT Jaipur Orders Liquidation Of Dropbase Software, Replaces RP For Continuing CIRP Beyond 330-Day Limit Introduction The present proceedings concerned the prolonged Corporate Insolvency Resolution Process (CIRP) of Dropbase Software Private Limited and the failure to complete the process within the statutory timeline prescribed under the Insolvency and Bankruptcy Code, 2016.

NCLAT Holds Time-Barred Insolvency Plea Can Be Rejected Without Appointment Of Resolution Professional Introduction The present appeal concerned whether the National Company Law Tribunal (NCLT) can reject an insolvency application filed by a personal guarantor under Section 94 of the Insolvency and Bankruptcy Code, 2016 (IBC) at the threshold on the ground of limitation, without first appointing a Resolution Professional (RP) under Section 97 of the Code.