Corporate Law

NCLT Special Bench Stalls Repayment Plan Approval for Indiabulls Case

Personal Guarantor Restrained from Asset Alienation Amidst Divergent Views in Tribunal...

NCLT Approves Repayment Plan of Dr. Subhash Chandra in Insolvency Case Amidst Contentious Creditor Disputes

Tribunal affirms statutory compliance in repayment plan approval under IBC, 2016; dismisses claims of associate creditor...

NCLT Deadlocked Over Indiabulls Repayment Plan, Seeks President's Intervention

Divergent Views Stall Decision on Creditor Claims; Matter Referred to NCLT President for Resolution...

Pen India Pvt. Ltd. Secures Insolvency Proceedings Against Reliance Entertainment Studios

NCLT Mumbai Bench Admits Application Under Section 7 of IBC, Declares Moratorium...

NCLT Bengaluru Bench Initiates Insolvency Proceedings Against Gulam Mustafa Enterprises Pvt. Ltd.

India Housing Fund's Petition under Section 7 of IBC Admitted; Moratorium Declared....

NCLAT Upholds Dismissal of Personal Guarantor's Petition as Time-Barred

Tribunal Rules Against Extending Limitation Period Using Debtor's Own Acknowledgment in Insolvency Case...

National Company Law Tribunal Permits Withdrawal of Insolvency Application Against Spicejet

Tribunal Orders Cost Payment to Prime Minister's National Relief Fund for Belated Withdrawal...

NCLT Chandigarh Bench Sets Aside Sale Certificate Issued During Interim Moratorium

Tribunal Upholds Interim Moratorium Under IBC, 2016, Invalidating Sale Under SARFAESI Act...

NCLT Upholds CoC's Decision on Exclusion of Late EOIs in Union Bank vs. Chaya Gupta Case

Tribunal Affirms CoC's Commercial Wisdom, Dismissing Union Bank's Plea for Inclusion of Delayed Expressions of Interest...

NCLAT Grants Extension for Pre-Insolvency Resolution Process in Indian Bank Case

Principal Bench allows 45-day extension for completion of repayment plan approval for Indian Bank's personal guarantors....

NCLT Ahmedabad Bench Initiates Corporate Insolvency Process Against Capbridge Venture LLP

Tribunal Overrules Objections, Appoints Interim Resolution Professional for CIRP...

NCLT Dismisses Insolvency Petition by Conart Engineers Against Senores Pharmaceuticals Citing Pre-existing Disputes

Tribunal Rules That Alleged Operational Debt Is Disputed Due to Prior Issues in Certification, Retention Money, and Cont...

NCLT Approves Revised Resolution Plan for JNC Constructions Pvt. Ltd.

After Supreme Court's directives, the updated plan sees overwhelming approval with 96.07% CoC voting, ensuring complianc...

NCLAT Dismisses Appeals by Homebuyers Seeking Financial Creditor Status

Tribunal Denies Financial Creditor Recognition Due to Arbitration and Section 138 Proceedings...

NCLAT Rules in Favor of Sun Paper Ltd., Waives Rs.2 Crore EMD Payment

Tribunal Upholds Appellant's Right to Withdraw from Liquidation Process Post Non-Acceptance of Scheme...

NCLT Dismisses Vitol S.A.'s Application for New Forensic Audit in Bhatia International Case

Tribunal Upholds KPMG's Final Report as Reliable Despite Divergence from Interim Findings in Liquidation of Asian Natura...

NCLT Chandigarh Dismisses ARCIL's Claim Against JCT Limited as Time-Barred

Resolution Professional's Rejection of Rs. 3,482 Crore Claim Upheld; Balance Sheet Entries Found Inadequate for Limitati...

NCLT Rejects Resolution Plan, Orders Liquidation of APS Infra Engineers Pvt Ltd

Tribunal cites lack of transparency and suspicious conduct in the insolvency process; appoints liquidator to oversee pro...

NCLT Mumbai Bench Dismisses CIRP Petition Over Alleged Forged Corporate Guarantee, Citing Pending Civil and Criminal Proceedings

Tribunal emphasizes limited summary jurisdiction under IBC Section 7; issues of fraud and forgery require full trial in ...

NCLT Orders Repossession of EV Fleet Amidst Insolvency Proceedings

GENSOL EV Lease Ltd. Directed to Return 124 Vehicles to Resolution Professional as Part of CIRP...

NCLT Approves Amalgamation of Piombino Steel with JSW Steel: Dispensation of Meetings Granted

The National Company Law Tribunal (NCLT) Mumbai Bench greenlights the merger plan, allowing for virtual meetings of equi...

NCLAT Curtails IBBI's Blanket Suspension of Resolution Professional

Tribunal Upholds Principles of Proportionality and Due Process, Limits IBBI's Suspension to Specific Misconduct Cases...

NCLT Upholds Commercial Wisdom of CoC in Approving Resolution Plan for Hygiene Feeds and Farms Pvt. Ltd.

Chandigarh Bench dismisses objections by suspended director, emphasizes limited scope of judicial review under IBC....

NCLT Rejects Resolution Plan for Vas Infrastructure Ltd Due to Material Irregularities

Tribunal Orders Re-Initiation of Insolvency Process Citing Gross Misconduct by Resolution Professional...

NCLT Kochi Bench Dismisses Union Bank's Application for Withdrawal of Insolvency Proceedings

Failure to Comply with Mandatory Statutory Requirements Leads to Dismissal and Imposition of Costs...

NCLT Chandigarh Upholds Confidentiality of Resolution Plans in Insolvency Proceedings

Tribunal Dismisses Application for Disclosure of Resolution Plan by Related Party Creditor...

NCLT Orders Eviction of Unauthorized Occupant from Corporate Debtor's Premises

Indore Bench of NCLT exercises jurisdiction under IBC to resolve asset dispute, orders eviction of Vatsal Acharya from S...

NCLT Dismisses Resolution Plan for Bengal Emta Coal Mines, Citing Major Discrepancies

Tribunal Highlights Lack of Bona Fide in Insolvency Process; Plan Rejected Over Insufficient Payout Against Admitted Cla...

NCLT Approves Voluntary Liquidation of Paysend India Private Limited

National Company Law Tribunal Satisfied with Compliance of Section 59 of the Insolvency and Bankruptcy Code, 2016...

NCLAT Upholds CoC's Commercial Wisdom, Dismisses Appeals in Sristi Hospitality Insolvency Case

Tribunal Affirms Non-Justiciability of CoC Decisions, Rejects Allegations of Valuation Manipulation and Procedural Lapse...

NCLT Admits Insolvency Petition Against Montecarlo Limited Initiated by Vanshita Transport

Ahmedabad Bench of NCLT endorses initiation of Corporate Insolvency Resolution Process, dismissing claims of pre-existin...

NCLAT Overturns NCLT Decision, Orders Starco Metaplast into Insolvency for Defaulting on Rs. 2.83 Crore Debt

Disputes by Corporate Debtor Deemed Spurious; Appellate Tribunal Directs Payment or Initiation of Insolvency Proceedings...

NCLAT Upholds Full Payment of Provident Fund, Pension, and Gratuity to Jet Airways Workmen in Liquidation; Litigation Period Excluded from 24-Month Lookback

Tribunal clarifies that entitlement to provident fund, pension, and gratuity dues is independent of existence of segrega...

Canara Bank's Insolvency Petition Against KGOC Terminals Upheld by NCLT Amaravati Bench