Corporate Law
NCLT Mumbai Bench Denies BSEL Algo Limited's Claim in Insolvency Case Due to Limitation Period
Tribunal rules the claim filed by BSEL Algo Limited in the CIRP of Gigeo Construction Company Pvt. Ltd. is time-barred, ...
NCLAT Upholds Invocation of Personal Guarantee Under SARFAESI Act
Tribunal Confirms Notice to Personal Guarantor as Valid Invocation Despite Procedural Challenges...
NCLAT Upholds CCI's Rs. 10 Lakh Penalty on Klassy Enterprises for Bid Rigging
Tribunal Confirms Findings of Cartelization in Government Tender for Sewing Machines...
NCLAT Upholds Liquidator's Authority in Fivebro Water Services Case
Appellate Tribunal Affirms Adjudicating Authority's Jurisdiction Over Lease and License Disputes in Liquidation Context...
NCLT Sanctions Composite Scheme of Arrangement for Poonawalla Finance
Mumbai Bench approves demerger and reallocation of undertakings, ensuring statutory compliance and fairness...
NCLT Kochi Orders Reversal of Rs. 8 Crores in Preferential Transactions by Asten Properties
Tribunal mandates refunds from related parties to restore financial position of debt-laden corporate debtor....
NCLT Dismisses Insolvency Petition Against Shukla Dairy Pvt. Ltd.
Tribunal Finds No Unpaid Operational Debt, Citing Full Settlement of Outstanding Liabilities...
NCLT Directs Directors to Contribute Rs. 11.95 Crore for Fraudulent Transactions
Kochi Bench of NCLT Holds Directors of Thesaurus Projects Pvt. Ltd. Accountable for Fraudulent and Wrongful Trading...
NCLAT Reverses Adjudicating Authority's Unilateral Modification of Resolution Plan
Tribunal Affirms CoC's Decision, Strikes Down Unauthorized Clause Insertion...
National Company Law Tribunal Sanctions Amalgamation of THPL Support Services with Booker India
The merger aims to streamline corporate structure, enhance operational efficiencies, and strengthen financial health....
NCLT Ahmedabad Dismisses Withdrawal Plea in Vimla Fuels Insolvency Case
Tribunal Upholds CoC's Unanimous Decision Against CIRP Withdrawal, Citing Need to Protect Collective Creditor Interests...
NCLT Approves Fortis Group's Scheme of Merger by Absorption with Conditions
Tribunal sanctions merger of Fortis subsidiaries, ensuring compliance with legal and regulatory requirements....
NCLT Orders Financial Restructuring and Oversight for Jatayupara Tourism Project
Tribunal Mandates Digital Collection and Fund Supervision to Curb Mismanagement in Kerala's BOT Tourism Initiative...
NCLT Ahmedabad Dismisses Petition Alleging Oppression and Mismanagement in DB Shapriya Construction Limited
Tribunal holds petitioner ineligible under Companies Act, 2013; finds no credible evidence of financial irregularities o...
NCLT Approves Share Capital Reduction for Lifestyle International with Conditions
Bengaluru Bench of NCLT imposes penalty for nondisclosure of secured creditors, mandates compliance with regulatory guid...
Acknowledgement of debt in financial statements and balance sheets extends the limitation period
NCLAT Overturns Tribunal's Decision, Extends Limitation Period for Insolvency Proceedings Acknowledgment of Debt by Prin...
Resolution Plan approved by the CoC is binding on all, cannot be modified or altered, even by the CoC itself
NCLAT Upholds Binding Nature of CoC-Approved Resolution Plans, Rejects Post-Approval Modifications The appellate tribuna...
NCLT has inherent powers to direct a forensic audit of disputed documents even without an application from the parties
NCLAT Upholds NCLT's Authority to Conduct Forensic Audits Without Party Application Tribunal's Inherent Powers Affirmed ...
Application under Section 9 of the Insolvency and Bankruptcy Code are not a recovery mechanism
NCLAT Upholds Rejection of FTI Consulting's Insolvency Application Against MGF Developments Tribunal Affirms that Insolv...
NCLAT Overturns NCLT Decision on Service of Demand Notice, Remands Case for Fresh Consideration
Appellate Tribunal emphasizes the importance of proper service under IBC, 2016; calls for adherence to principles of nat...
NCLAT Upholds Del Credere Agent's Status as Operational Creditor in Insolvency Proceedings
Tribunal dismisses appeal, affirming Napin Impex's right to initiate CIRP against Kirtiman Cements under Section 9 of IB...
NCLT Ahmedabad Approves Amalgamation of Adani Harbour Services Limited with Adani Ports and Special Economic Zone Limited
Dispensation of Shareholder and Creditor Meetings Granted; Amalgamation to Enhance Operational Efficiency...
NCLT Orders Insolvency Proceedings Against Dharan Infra-EPC Limited
Tata Capital Housing Finance Ltd. Successfully Initiates CIRP Under IBC for Recovery of Over Rs. 28 Crores...
NCLAT Dismisses Appeal Against Interlocutory Order in Core Hotels Case
Tribunal Upholds Non-Appealability of Notice Issuance Under IBC Section 61 ...
NCLAT Dismisses Appeal for Issuance of Share Certificates, Limits Scope of Section 59
Tribunal Clarifies Jurisdiction Limitations, Directing Disputes Over Share Certificates to Civil Courts...
NCLAT Quashes Tribunal's Orders on Amendments and Maintainability in Apex Luminaires Case
Appellate Tribunal Directs Reconsideration of Amendment Application and Maintainability of Petition...
NCLT Upholds Partial Claim Admission in Project-Specific Insolvency Resolution
Assets Care and Reconstruction Enterprise Limited's claim against LGCL Urban Homes restricted to mortgaged units in "Uni...
NCLT Mumbai Bench Declares Mutation During Moratorium as Illegal
The National Company Law Tribunal, Mumbai Bench, orders reversal of unauthorized mutation entries during CIRP under IBC ...
NCLT Kochi Bench Directs Liquidator to Reassess Claim Value in M/s. Saptha Zeal Pvt. Ltd. Liquidation Case
Tribunal finds zero valuation improper, orders notional positive value assignment for pending arbitration claim. ...
NCLAT Overturns NCLT's Order on CIRP Initiation Against Nayati Healthcare
Tribunal finds absence of privity of contract between Operational Creditor and Corporate Debtor, nullifying insolvency p...
NCLAT Overturns NCLT's Order, Reinforces Binding Nature of CoC Approved Resolution Plans
Mehar Bhoomi Bhawan Pvt Ltd's Resolution Plan for Angad Infrastructure Pvt Ltd Restored; NCLAT Cites Jurisdictional Over...
NCLAT Sets Aside Admission of Section 9 Application in Disputed Operational Debt Case Between OFB Tech Pvt. Ltd. and Maverick Developers
Principal Bench holds pre-existing dispute evident from Information Utility records and communications, directing reject...
NCLT Dismisses Vishnu Traders' Insolvency Petition Against Shivam Coal Carriers
Application dismissed due to failure to meet the statutory pecuniary threshold under the Insolvency and Bankruptcy Code....
NCLAT Condones Delay in Appeal Filing, Affirms Jurisdiction Despite Absence of Formal Application
The Principal Bench of the NCLAT allows a delayed appeal, emphasizing the non-mandatory nature of a written application ...
Ambuja Housing Secures NCLT Approval for Riverbank Developers' Revival
The National Company Law Tribunal endorses Ambuja Housing's resolution plan, paving the way for Riverbank Developers' re...
NCLT Admits Insolvency Petition Against Avyukta Dairy Products Ltd.
Tribunal Resolves Divergent Views on Arbitral Award as Basis for Financial Debt Under IBC...