Corporate Law
NCLT Mumbai Rules Dissenting Secured Creditors Entitled to Liquidation Value Minimum in Insolvency Resolution
State Bank of India's challenge to CoC resolution capping payments to dissenting financial creditors upheld; court-appoi...
NCLT Ahmedabad Bench Admits Section 9 Petition, Initiates CIRP Against Polycab India Limited for Operational Debt Dispute
Tribunal holds no legally sufficient pre-existing dispute in Rs. 2.78 crore claim by Asier Metals Private Limited for Al...
NCLT New Delhi Bench Orders Liquidation of Stargaze Entertainment Pvt. Ltd. Citing Irregularities in CIRP Process and Inadequate Resolution Plan
Tribunal Rejects Resolution Plan for Opaque Asset Management and Lack of Revival Vision; Emphasizes Judicious Commercial...
NCLT Guwahati Bench Dismisses J.U.D. Cements' Plea to Recall Order Forfeiting Right to File Reply in Insolvency Case
Tribunal emphasizes adherence to IBC timelines, rejects repeated pleas citing non-receipt of documents and settlement ta...
NCLT Chandigarh Bench Upholds Admission of Rejoinder in IBC Proceedings, Emphasizes Fair Adjudication Over Technicalities
Corporate Debtor's Plea to Reject Rejoinder Introducing Fresh Documents Dismissed; Tribunal Grants Opportunity to File S...
NCLT Upholds Withdrawal of Contempt Petition Despite Applicant's Change of Mind
Tribunal Declines to Recall Order Dismissing Contempt Petition as Withdrawn, Emphasizes Authority of Counsel Under Vakal...
NCLAT Upholds Liquidator's Authority, Denies Tata Capital's Claim to Exclude Secured Assets from Liquidation Estate
Principal Bench affirms that secured creditors must timely and clearly exercise their rights under IBC Section 52 and Re...
NCLAT Sets Aside Insolvency Proceedings Against Land-Holding Subsidiary, Upholds Supreme Court's Restoration of Earth Towne Project Resolution Plan
Monitoring Committee's Appeal Succeeds; Parallel Insolvency Proceedings Deemed to Frustrate Implementation of Approved R...
NCLT Ahmedabad Upholds Moratorium under IBC, Denies Possession Recovery to Lessor During CIRP
Tribunal Rules That Despite Termination of Leave and Licence Agreement, Corporate Debtor Retains Possession During Insol...
NCLT Ahmedabad Rules Electricity Supply Cannot Be Disconnected During Moratorium for Pre-CIRP Dues
Tribunal Directs Electricity Distribution Licensee to Segregate Pre- and Post-CIRP Dues and Prohibits Disconnection of E...
NCLT Kolkata Rules Abinandan Holdings as Related Party Financial Creditor in Howrah Mills CIRP Due to Shareholding Threshold
Tribunal finds nominee director's family shareholding exceeds statutory 2% limit under IBC Section 5(24)(d); Interim Res...
NCLAT Upholds Mandatory Liquidation of Syska E-Retails LLP Post Expiry of CIRP Period Despite CoC Deadlock and Fresh Resolution Interests
Tribunal affirms that expiry of insolvency resolution process without approved plan or valid extension mandates liquidat...
NCLT Kolkata Upholds Rights of Director and Co-Inventor in Oral Screening Bot Patent, Declares Her Removal Illegal
Tribunal Finds Oppression and Mismanagement in Nex Fitzap Private Limited; Orders Forensic Audit, Restoration of Directo...
NCLT Amaravati Bench Dismisses Liquidator's Application to Explore Scheme of Compromise for Mangalagiri Textile Mills
Application under Section 230 of Companies Act and Regulation 2B of IBBI Liquidation Regulations denied due to absence o...
NCLT Allahabad Bench Admits Joint CIRP Application Against Koras Pin Savings Financial Services Nidhi Ltd for Default on Term Deposits
Tribunal holds term deposits as financial debt; joint application by 34 depositors exceeding Rs. 1 crore threshold is ma...
NCLAT Dismisses Restoration Applications of Personal Guarantors Seeking Revival of Appeals Post Failed One-Time Settlement with Indian Bank
Tribunal holds that liberty to revive appeals is not available when settlement fails due to default of principal borrowe...
NCLT Dismisses Blanket Immunity Request for Rajasthan Land Holdings Amidst CIRP Mismanagement Allegations
Resolution Professional's Failure to Ensure Compliance During CIRP Leads to Legal Complications for Corporate Debtor and...
NCLAT Dismisses Shareholder's Appeal Against Resolution Plan Approval
Tribunal Upholds Larger Bench Precedent, Denies Shareholder's "Aggrieved Person" Status Under IBC...
NCLT Allahabad Bench Dismisses Section 9 Petition Citing Pre-Existing Dispute and Forum Shopping in Construction Contract Dispute
Tribunal holds that existence of genuine, substantial disputes regarding delay, quality, and payment reconciliation prio...
Tribunal Rules in Favor of Ronny George's Heirs in Landmark Quasi-Partnership Case
NCLT Mumbai Bench Invalidates Director's Removal, Recognizes Legal Heirs' Right to Board Representation...
NCLAT Overturns NCLT's Dismissal, Restores Eastern Power's Claim Against Daulat Resolution
Tribunal Condones Delay, Cites Counsel's Deliberate Non-appearance as Reason for Restoration...
NCLAT Orders Relinquishment of Security Interest in Insolvency Case
Secured Creditors Deemed to Relinquish Security for Non-Compliance Under Liquidation Regulations...
NCLAT Overturns NCLT Order on ESI Contributions in Sri Lakshmi Srinivasa Jute Mills Case
Tribunal Rules ESI Dues Held in Trust, Excluded from Liquidation Estate...
NCLAT Directs Adjudication of Section 60(5) Application Before Final Order in Insolvency Proceedings
Appellant's Application Alleging Collusive Proceedings Must Be Heard to Ensure Fairness and Justice...
NCLT Dismisses Plea Against Bank Guarantee Encashment During CIRP
Moratorium Under IBC Does Not Extend to Bank Guarantees, Rules Mumbai Bench...
NCLT Upholds Re-verification of Claims in Wadhwa Buildcon LLP Case
Resolution Professional's Duty to Verify Claims Affirmed; Voting Share of Homebuyers in CoC Reduced....
NCLT Kochi Bench Admits Insolvency Petition Against Cherupushpam Films Pvt. Ltd.
Tribunal affirms financial creditor's right to initiate CIRP against corporate guarantor despite ongoing resolution proc...
NCLAT Upholds Statutory Process in Post-Admission Settlement: CIRP Withdrawal Must Follow Amended IBC Guidelines
Tribunal Denies Direct Appeal to Set Aside Insolvency Admission Despite Settlement, Emphasizes Compliance with Section 1...
NCLAT Upholds Dismissal of Restoration Application Due to Procedural Lapses
Appeal by Vivekanand Rai Rejected as Tribunal Finds No Justification for Delay and Lack of Supporting Medical Documents...
NCLAT Dismisses Mekaster Finlease's Appeal as Infructuous Following Initiation of CIRP by Union Bank
The National Company Law Appellate Tribunal rules that parallel CIRP proceedings against the same corporate debtor are i...
NCLAT Upholds Admission of Sharon Solutions Ltd into Insolvency Process
Tribunal dismisses Uma Maheswari's appeal, confirming date of default prior to Section 10A period...
NCLAT Upholds Liquidation Orders; Tamil Nadu Mercantile Bank and Guarantor's Appeals Dismissed
The National Company Law Appellate Tribunal (NCLAT) confirms liquidation proceedings for Swastik Spinners, dismissing ap...
NCLT Chennai Rejects PNB’s Insolvency Plea Against Reji Abraham, Cites Lack of Jurisdiction Over Foreign Borrowers
Tribunal holds that Section 95 petition against personal guarantor cannot proceed where the principal borrowers are fore...
NCLT Holds Auction Buyer Liable for Pre-Liquidation Mumbai Municipal Tax Dues
Tribunal says statutory first charge under Mumbai Municipal Corporation Act survives liquidation sale; “as is where is” ...
NCLT Mumbai Rejects Alliance Advertising’s Insolvency Plea Against Eduisfun Technologies
Tribunal says petition was defective for including Section 10A-protected invoices and an unsupported interest claim; cre...
NCLT Kochi Rejects Section 7 Insolvency Plea Against Indiavision Satellite Communications
Tribunal holds alleged financial debt not proved, citing missing authorisation, unexplained compensation, doubtful docum...