Corporate Law
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
Tribunal Initiates Corporate Insolvency Resolution Process; Acknowledgment of Debt Resets Limitation Period...
NCLT Rejects Resolution Plan for Kalka Home Developers, Orders Fresh Process Amid Allegations of Fraud
Resolution Plan Dismissed Over Statutory Non-Compliance and Accusations of Misconduct Against Resolution Professional...
Haryana Real Estate Tribunal Upholds Allottees’ Right to Delay Compensation Despite Conveyance Deed Execution
Landmark decision reinforces that possession and conveyance deed do not nullify rights under RERA, ensuring promoter acc...
National Company Law Tribunal Allows Insolvency Process Initiation for Personal Guarantor Despite Objections
NCLT Chennai Bench appoints Resolution Professional to examine application under IBC, 2016; dismisses objections regardi...
NCLAT Dismisses Appeal by Shree Dhanvantari Pharmaceuticals, Upholds NCLT's Rejection of Insolvency Plea
Tribunal Affirms Lack of Clarity on Default Date and Limitations in Financial Debt Claim...
NCLAT Upholds Guarantor's Liability in Debt Repayment Case
Tribunal Affirms That Part-Payment by Borrower Extends Limitation Period for Guarantor Under IBC...
NCLAT Rules Gratuity and Leave Encashment Not Part of CIRP Costs
Tribunal emphasizes that employee dues must be addressed through resolution plans, not prioritized as CIRP costs....
NCLAT Upholds Yes Bank's Section 7 Petition Against KKSPUN India Ltd, Initiates CIRP
Corporate Insolvency Resolution Process Initiated Despite Ongoing Settlement Discussions; Tribunal Finds No Violation of...
NCLT Admits Insolvency Plea Against Prodot Media Pvt. Ltd., Establishes Coextensive Liability of Corporate Guarantors
Tribunal Confirms Right of Financial Creditors to Simultaneously Initiate CIRP Against Principal Borrowers and Corporate...
NCLT Dismisses Plea for Removal of Resolution Professional in Indian Bank vs. Nimitiya Hotel Case
Tribunal Upholds CoC's Resolution Plan, Suspended Directors Lack Locus Standi...
NCLT Upholds CoC's Decision to Forfeit Deposits in Deegee Orchards Insolvency Case
Resolution Applicant’s Non-disclosure of Links with Ex-management Leads to Forfeiture of EMD and PMD ...
NCLT Dismisses Fraud Allegations Against Netizen Engineering in Reliance Communications Case
Tribunal finds no fraudulent intent in transactions scrutinized under Insolvency and Bankruptcy Code, 2016...
NCLAT Overturns NCLT Ruling; Allows Independent Insolvency Proceedings Against Personal Guarantors
UCO Bank's Appeal Succeeds as Tribunal Clarifies Jurisdictional Powers Under IBC...
NCLAT Clarifies Asset Inclusion Under IBC in UP Housing Board vs. K.S.N. Buildwell Case
Contractual and Development Rights Under Hire Purchase Agreement Constitute Insolvency Assets Despite Ownership Vesting ...
NCLT Approves Pre-Packaged Insolvency Resolution Plan for SAB Events & Governance Now Media Ltd
Sri Adhikari Brothers Digital Network Limited to Merge with Corporate Debtor as Part of Revival Strategy...
NCLT Ahmedabad Admits Insolvency Petition Against Mehsana Dairy and Food Products Ltd.
Tribunal Initiates Corporate Insolvency Resolution Process for Default in Operational Debt Payment...
NCLAT Dismisses Insolvency Petition: Equity Investments Not "Financial Debt"
Metamorphosis Trading LLP's Appeal Fails as Tribunal Upholds NCLT's Decision Regarding Subscription and Shareholders Agr...
NCLAT Sets Precedent by Upholding Homebuyers' Claims in CIRP
Appellate Tribunal acknowledges registered agreements and full payments in resolution process, ensuring equitable treatm...
NCLT Dismisses Insolvency Petition Against Shapoorji Pallonji Over Disputed MSME Interest Claims
Mumbai Bench-VI of NCLT Rules Statutory Interest Under MSMED Act Cannot Elevate Debt Above IBC Threshold...
Morgan Securities' Insolvency Petition Against BPL Limited Dismissed by NCLT
NCLT Kochi Bench rules insolvency proceedings cannot be used as recovery mechanisms for adjudicated claims...
NCLAT Overturns NCLT's Decision: Interest Component Integral to Financial Debt Under IBC
Tribunal Affirms Wild Dreams Trading Company's Appeal, Acknowledging Interest in Financial Debt Calculation...