Corporate Law
Kalburgi Cement Private Limited's Share Capital Reduction Approved by NCLT
Hyderabad Bench Confirms Reduction of Share Capital Following Compliance with Section 66 of Companies Act, 2013...
NCLT Ahmedabad Admits Insolvency Petition Against Mindra EV Pvt. Ltd.
Gensol EV Lease Limited's Application Under IBC Section 9 Accepted; Corporate Insolvency Resolution Process Initiated fo...
National Company Law Tribunal Admits Insolvency Petition Against Alka Ventures Pvt. Ltd.
Homebuyers Deemed Financial Creditors; Corporate Insolvency Resolution Process Initiated Due to Developer's Financial Di...
National Company Law Tribunal Approves Amalgamation of HPCL-Mittal Pipelines and Energy Limited
Transferor Company Dissolved Without Winding Up; Rights and Liabilities Transferred to Transferee Company...
NCLAT Upholds Amendment in Default Date in Insolvency Application Filed by SBI
Tribunal Allows State Bank of India to Amend Default Date Despite Opposition, Ensures Appellant's Right to Contest Amend...
NCLT Ahmedabad Dismisses Insolvency Petition Against SMW ISPAT Private Limited
NCLT Ahmedabad Dismisses Insolvency Petition Against SMW ISPAT Private Limited...
NCLT New Delhi Bench Recalls CIRP Initiation; Penalizes Financial Creditor for Malicious Intent
Endless Services Limited faces INR 50 lakh penalty for fraudulent initiation of proceedings against SLR Techinfra Privat...
NCLT Restores Control of Neel Padam Builders Pvt. Ltd. to Original Shareholders, Declares Subsequent Share Allotments and Sale Deeds Void
Tribunal annuls illegal board restructurings and unauthorized land transfers after finding mismanagement and oppression ...
NCLT Chandigarh Approves Amalgamation Scheme for NIIT Subsidiaries
Tribunal Dispenses with Stakeholder Meetings in Favor of Streamlined Corporate Restructuring...
NCLT Dismisses Insolvency Petition Against Khao Gali Restaurants Due to Pre-Existing Dispute
Tribunal Finds Genuine Dispute Over Operational Debt and Declines Admission of CIRP Application...
NCLT Rejects Ahluwalia Contracts' Compensation Claims Against MHADA and Liquidator
Tribunal dismisses applications for restitution and compensation over auctioned machinery, citing negligence by Ahluwali...
NCLAT Upholds Dismissal of Insolvency Petitions Due to Procedural Lapses
Appellants’ Failure to Serve Petition Copies and RP’s Report Non-Submission Leads to Extended Moratorium; Petitions Dism...
NCLAT Chennai Upholds Legislative Intent, Rejects Withdrawal of Liquidation Proceedings Under Section 12A
Appellate Tribunal affirms that Section 12A of Insolvency and Bankruptcy Code, 2016, is confined to CIRP stage, not appl...
NCLAT Upholds Liquidator's Rejection: Time-Barred Claims Cannot Revive Liquidation
In a landmark ruling, NCLAT Chennai emphasizes the imperativeness of timely appeals under the Insolvency and Bankruptcy ...
NCLT Jaipur Bench Dismisses Insolvency Petition Filed by Welfare Society Against Sand Dune Constructions
Maintenance Security Charges Not Deemed Financial Debt Under IBC, 2016, Society Not a Financial Creditor ...
NCLAT Upholds Rejection of CIRP Application Against Jumbo Finvest
Financial Service Providers Shielded from Insolvency Proceedings Without Regulator's Nod, Affirms Tribunal...
Insolvency Tribunal Upholds SBI’s Claim Against Rakeshkumar Hariram Agarwal Despite Time-Bar Challenge
The National Company Law Appellate Tribunal (NCLAT) dismisses appeals challenging the admission of SBI's claim in insolv...
NCLT Chennai Dismisses Liquidator's Claim for Refund Under Vivad Se Vishwas-I Scheme
Tribunal Upholds Encashment of Bank Guarantees by Hindustan Copper Limited, Rules Out Jurisdiction to Enforce Executive ...
NCLT Dismisses Fraud Allegations in Insolvency Proceedings Against Tiffins Barytes
Tribunal finds no substantial evidence to support claims of forged documents and malicious intent in CIRP initiation....
NCLT Dismisses Jet Airways Resolution Applicant's Plea, Upholds Forfeiture of Rs. 350 Crores
Tribunal affirms Supreme Court's directive on forfeiture and encashment of Performance Bank Guarantee, denying CIRP cost...
Insolvency Code - Section 9 application cannot be defeated on the basis of contrived, improvised, or moonshine disputes
National Company Law Appellate Tribunal Upholds Corporate Insolvency Resolution Process Initiation Against Steel expert ...
NCLT Approves Realtime Taxsutra's Share Capital Reduction
Tribunal Affirms Fairness and Compliance with Legal Provisions, Ensuring No Creditor Compromise...
Insolvency - NCLAT rejects disputed Loan Agreements due to inconsistencies, lack of evidence
NCLAT Upholds Rejection of Disputed Loan Claims in Vibrant Buildwell Insolvency Case, Tribunal affirms dismissal of clai...
NCLAT Aligns Findings with Judgment in WhatsApp Data Sharing Case
Tribunal Clarifies Data Sharing Principles, Emphasizing User Choice and Transparency ...
NCLT Dismisses Insolvency Petition Against Manasavi Infracon for Failing to Meet Debt Threshold
Share Value Consideration Not Recognized as Financial Debt Under IBC, Petition Fails to Satisfy Rs. 1 Crore Minimum Defa...
NCLT Mumbai Approves Sale of Seam Industries Ltd as a Going Concern with Conditions
Tribunal Grants Partial Reliefs and Concessions to Successful Bidders Amidst Liquidation Process...
NCLT Kochi Bench Initiates CIRP Against Nellai Plantations Pvt Ltd
Corporate Insolvency Resolution Process Begins Following South Indian Bank's Petition ...
NCLT Allahabad Approves Demerger Scheme for G S Pharmbutor Private Limited
Modilac Private Limited to become new entity for Nutraceutical Business; Meetings of shareholders and creditors to be he...
NCLAT Upholds Section 7 Application, Grants Liberty to File Under Section 65
Ashwin Smith's Appeal Dismissed; Tribunal Recognizes Personal Guarantor's Locus Standi and Allows Application for Allege...
NCLAT Upholds Liquidator's Rejection of SEBI's Post Liquidation Claim
SEBI's Claim Filed After Liquidation Commencement Date Deemed Inadmissible by NCLAT...
NCLAT Upholds Fraudulent Transaction Claims in Rana Sarkar v. Bimal Agarwal Case
Tribunal Orders Directors to Repay Siphoned Funds Amid Allegations of Wrongful Trading During CIRP...
NCLT Mumbai Bench Admits Insolvency Petition Against Krishna Showbiz Services Pvt. Ltd
Canara Bank initiates Corporate Insolvency Resolution Process for Rs. 261.93 crore debt under IBC...
NCLAT Upholds RBI's Supersession of AVIOM Board, Denies Suspended Directors' Rights in CIRP
Appellate Tribunal affirms that ex-directors of financial service providers cannot claim participation rights in insolve...
NCLT Approves IL&FS One-Time Settlement with Siva Green, Ensures Stakeholder Interests
Mumbai Bench of NCLT sanctions the final settlement to resolve outstanding dues, while maintaining safeguards for ongoin...
NCLT Declines Jurisdiction Over Pre-CIRP Property Dispute, Dismisses GBP Developers' Application
Chandigarh Bench of NCLT rules that property title disputes pre-dating CIRP fall under civil court jurisdiction, not NCL...
NCLT Denies Interest Claim by Socrus Bio Sciences in Insolvency Proceedings
Tribunal Upholds Resolution Professional's Decision to Admit Only Principal Debt Without Interest, Citing Lack of Contra...