Insolvency (IBC)

Appeals before the National Company Law Appellate Tribunal.

Under the Insolvency and Bankruptcy Code, orders of the National Company Law Tribunal can be appealed to the National Company Law Appellate Tribunal. Operational and financial creditors, resolution applicants and others affected may appeal within the time limits set by the Code.

An appeal to the NCLAT must generally be filed within 30 days of the order, extendable by a further 15 days for sufficient cause. Operational creditors, such as suppliers and service providers, may also need to file claims with the resolution professional in time.

Typical matters

• Operational-creditor appeals
• Challenges to resolution plans

Documents usually relevant

Matters of this kind usually involve the order under appeal, the claim filed with the resolution professional, and invoices and correspondence with the corporate debtor.