Corporate Law

NCLAT Sets Aside NCLT's Dismissal of Insolvency Petition Due to Authorization Defect

Tribunal Emphasizes Right to Rectify Defects in Insolvency Applications under IBC...

NCLT Indore Bench Upholds Exclusion of Interest Component in Creditor's Claim

Tribunal Dismisses Claim for Interest Without Documentary Evidence; Emphasizes Statutory Requirements for Claim Verifica...

NCLAT Upholds Rejection of Insolvency Application Against Sufi International

The Tribunal emphasizes the existence of a genuine dispute, preventing the initiation of insolvency proceedings under IB...

NCLT Dismisses Plea for Refund of Payments Made to Ericsson by Reliance Group

Tribunal Rules Payments Made Under Supreme Court Directive, Not Subject to Refund Under IBC Provisions...

Bank of India vs. Pradeep Goel: NCLT Approves Rejection of Repayment Plan

Creditors and Debtor Entitled to Initiate Bankruptcy Proceedings Following Repayment Plan's Rejection...

NCLT Approves Demerger of Freecharge Payment Technologies

Scheme of Arrangement Sanctioned Between Freecharge Payment Technologies and Freecharge Business and Technology Services...

NCLT Grants Interim Relief to Insolvency Professional Amid Allegations of Misconduct

Mumbai NCLT shields liquidator Amit Gupta from coercive action, directing cooperation with ongoing investigations....

Canara Bank Secures NCLT Nod for Insolvency Proceedings Against Equinox India Developments

NCLT admits insolvency plea against Equinox India Developments for defaulting on a Rs. 372 crore financial obligation, i...

NCLT Dismisses Insolvency Petition Against Rattanindia Enterprises Limited

Tribunal Finds Absence of Financial Debt Due to Lack of Enforceable Guarantee; Application by Canara Bank Rejected...

NCLT Dismisses Heritage Max Condominium Association's Insolvency Plea Against Dreamhome Infrastructure

Tribunal rules application non-compliant with threshold requirements under Insolvency and Bankruptcy Code, 2016....

NCLAT Overturns NCLT Decision, Upholds Union Bank's Claim in CIRP Without Guarantee Invocation

Resolution Professional Ordered to Reconstitute CoC and Reconsider Resolution Plan...

NCLAT Rules on Interest Liability in Anil Ltd. Liquidation Case

Tribunal Enforces 12% Interest Mandate for Delayed Payment by Adani Infrastructure in Liquidation Process...

NCLT Dismisses Petition Against Detox India Pvt. Ltd. Citing Lack of Locus Standi

Parth Merchant's petition under Sections 212 and 213 of the Companies Act, 2013, dismissed for failing to establish lega...

NCLT Mumbai Admits Insolvency Application Against Sparklet Engineers Pvt Ltd

Tribunal Upholds Operational Creditor's Claim, Initiates CIRP Proceedings under IBC ...

NCLT Declares Sale Deed and Asset Transfers Void for Violating IBC Moratorium

Ahmedabad NCLT rules against preferential transactions under Insolvency and Bankruptcy Code, orders restitution to corpo...

Levying foreclosure charges on MSME loans is contrary to RBI directives and regulatory framework

Orissa High Court Quashes Foreclosure Charges on MSME Loans by Indian Bank Court Orders Immediate Release of Title Deeds...

NCLT Directs Bank of India to Release Withheld Funds Post-Resolution Plan Approval

Mumbai Bench Orders Return of Rs. 1.51 Crore to J Kumar Infraprojects Ltd. While Retaining Fixed Deposits for Statutory ...

NCLT Indore Bench Initiates Contempt Proceedings Against CGST Superintendent for Non-Compliance

Tribunal Upholds Judicial Authority as Government Official Faces Contempt Charges for Ignoring Refund Order During Insol...

NCLT Chennai Initiates Insolvency Proceedings Against Personal Guarantor of Oceanic Edibles

National Company Law Tribunal rules foreign citizenship does not exempt personal guarantors from liability under IBC ...

Eduvanz Financing Secures Tribunal Nod for Insolvency Proceedings Against Abutani Mercantile

NCLT Guwahati Bench Orders CIRP Initiation Following Financial Debt Default by Corporate Debtor...

NCLT Orders Directors to Repay Over Rs. 10 Crore for Fraudulent Transactions

Directors of Opulent Infradevelopers Pvt. Ltd. held liable under Section 66 of the Insolvency and Bankruptcy Code for fi...

National Company Law Tribunal Upholds Appointment of Common Resolution Professional for Parent and Subsidiary Companies

NCLT Mumbai Bench affirms the Committee of Creditors' decision, dismissing claims of conflict of interest in the appoint...

NCLAT Upholds NCLT Order on Fraudulent Transactions Amidst Insolvency Proceedings

Directors of Varsha Corporation Ltd. ordered to contribute over Rs. 16 crore for fraudulent gold transactions during ins...

NCLT Orders Restoration of SL Contractors Pvt. Ltd. to Facilitate Tax Recovery

Tribunal mandates restoration despite non-compliance to enable Income Tax Department to pursue pending liabilities. ...

NCLT Kolkata Bench Approves Vedanta Limited's Resolution Plan for Incab Industries Ltd, Clearing Path for Revival

Resolution Plan Amounting to Rs. 545 Crores Approved with 91.58% Voting; Extinguishment of Old Claims and Binding Effect...

NCLT Dismisses Symphony Limited's Appeal for Share Register Rectification Amid Fraud Allegations

Tribunal Orders Further Investigation by EOW, SEBI, and ROC into Alleged Fraudulent Share Transfers...

Punjab National Bank's Insolvency Petition Against Bhagwati Rice Mills Admitted by NCLT

Allahabad Bench initiates Corporate Insolvency Resolution Process citing established default and debt exceeding Rs. 1 cr...

Liquidator Faces Contempt Proceedings for Disobeying Judicial Directions in Insolvency Case

NCLT Hyderabad Bench Orders Immediate Release of Third-Party Equipment, Initiates Contempt Action Against Liquidator...

NCLT Hyderabad Bench Dismisses Liquidator's Claims for Recovery and Asset Return in Insolvency Proceedings

The National Company Law Tribunal reiterates the principles of secured debt satisfaction and denies multiple application...

National Company Law Tribunal Orders Broader Eligibility for Resolution Plans in Riverbank Developers Insolvency Case

Tribunal mandates inclusion of all prospective Resolution Applicants for Parcel 3, ensuring fair treatment of homebuyers...

NCLT Dismisses Fresh Resolution Plan Submission for Incab Industries

Tribunal Upholds CoC-Approved Plan, Dismisses Applicant's Plea for New Resolution Consideration ...

Haldiram's Corporate Restructuring Plan Receives Green Light from NCLT

National Company Law Tribunal Approves Amalgamation, Demerger, and Asset Transfer Among Haldiram's Group Companies...

NCLT Jaipur Bench Rejects Resolution Plan of Goenka Diamond and Jewels Ltd., Orders Liquidation Over Legal and Financial Irregularities

Tribunal finds plan's extinguishment of third-party guarantees unlawful and questions viability and funding, highlightin...

NCLAT Chennai Bench Denies Condonation of Delay in Cerebra Integrated Technologies Appeal