Tag Archives: Tribunal

ILN Today Post
June 23, 2017

“Existence Of A Dispute” Under The Insolvency And Bankruptcy Code Clarified By The NCLAT

By LexCounsel Law Offices of LexCounsel Law Offices

The issue concerning conflicting interpretations of the phrase “existence of a dispute” under the Insolvency & Bankruptcy Code, 2016 (“Code”) by the Delhi and Mumbai benches of the National Company Law Tribunal (“Tribunal”) (see One Coat Plaster vs. Ambience Pvt. Ltd., Annapurna Infrastructure Pvt. Ltd. & Ors. vs. Soril Infra Resources Ltd. and Essar Projects India Ltd. vs. MCL Global Steel Pvt. Ltd.), seems to have been put to rest by the National Company Law Appellate Tribunal (“Appellate Tribunal”) for the time being.

Posted in Legal Updates | Middle East
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ILN Today Post
May 2, 2017

Insolvency and Bankruptcy Code – Meaning of “Dispute In Existence”

By LexCounsel Law Offices of LexCounsel Law Offices

The recently implemented Insolvency & Bankruptcy Code, 2016 (“Code”), which streamlines the insolvency and liquidation process in India, has lately become the subject of varying interpretations by the National Company Law Tribunal (“Tribunal”).

Conflicting interpretations as to what constitutes a “dispute in existence” have surfaced between the Delhi and the Mumbai benches of the Tribunal.

Posted in Legal Updates | Middle East
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