Corporate Law
NCLT Chennai Admits CIRP Petition Against Wootu Nutrition Pvt. Ltd. Over Rs.7.56 Crore Debt Default
Corporate Insolvency Resolution Process Initiated Following Financial Distress Triggered by COVID-19, Operational Challe...
NCLT Chennai Dismisses Ernst & Young's Petition Against Mobase Electronics Over Disputed Success Fee
Tribunal holds existence of bona fide pre-existing dispute on success-fee enforceability and operational debt bars insol...
NCLT Ahmedabad Rejects CIRP Application by Kothamangalam Aggregates Against ACC Limited on Grounds of Time-Barred Claims
Tribunal holds that consolidated invoice spanning two years is contrary to contract terms; only recent dues fall within ...
NCLT Ahmedabad Rejects Corporate Insolvency Application Filed by Amalgamated Company Due to Suppression of Material Facts
Petition by M/s Annapurna Pet Pvt. Ltd. against M/s Manpasand Beverages Ltd. Declared Defective as Applicant Company Cea...
NCLAT Upholds Dismissal of CIRP Application Filed by Panshul Agro Food LLP Citing Malicious Intent; Penalty Reduced
National Company Law Appellate Tribunal affirms rejection of insolvency plea aimed at derailing SARFAESI recovery procee...
NCLAT Upholds "Clean Slate" Principle in Going Concern Sale Under Liquidation, Grants Key Reliefs to Successful Bidder
Tribunal directs recognition of shareholding restructuring, immunity from past liabilities, and status change from liqui...
NCLT Kochi Bench Upholds Finality of Resolution Plan, Rejects Homebuyers' Post-CIRP Claims in Nucleus Premium Properties Case
Tribunal Rules Provisional Acceptance of Claims Does Not Amount to Final Admission; Approved Resolution Plan Cannot be M...
NCLAT Upholds Personal Insolvency Proceedings Against Guarantor, Rejects Claims of Novation and Assignment
Tribunal Rules Arbitral Award Did Not Alter Guarantor Status, Respondent Bank Retains Locus Standi Despite Consortium De...
NCLAT Upholds Rs. 17.23 Crore Liability on Directors for Fraudulent Machinery Replacement under IBC Section 66
Principal Bench affirms NCLT's finding of fraudulent trading by suspended directors for swapping hypothecated high-value...
NCLAT Sets Aside NCLT Order, Allows Insolvency Petition Against Sonal Plasrub Industries for Non-Repayment of Operational Debt
Demand Notice Served via Private Courier Valid; Pre-Existing Disputes Deemed Spurious; Operational Debt Over Rs. 1 Crore...
NCLT Mumbai Bench Dismisses Restoration Application in Cogent Engineers vs KBK Chem-Engineering Case Due to Repeated Non-Appearance
Tribunal emphasizes need for diligent prosecution of insolvency petitions under IBC; rejects restoration despite admitte...
NCLT Indore Bench Admits CIRP Petition Against Flexituff Technology International Ltd. Over Rs. 1.14 Crore Operational Debt
Tribunal Holds Corporate Debtor's Written Admission and Dishonoured Post-Dated Cheques as Clear Evidence of Debt; Reject...
NCLT (New Delhi Bench) Initiates Insolvency Resolution Process Against Personal Guarantor in SBI Loan Default Case
Tribunal holds individual financial creditor can file application under Section 95 of IBC; personal guarantor's liabilit...
NCLT Chandigarh Bench Rules Amended Section 12A of IBC, 2016 Applies Prospectively; Allows Withdrawal of CIRP Initiated Before 26.05.2026
Corporate Insolvency Resolution Process (CIRP) withdrawal under amended Section 12A is prospective; NCLT permits withdra...
NCLT Ahmedabad Rules on Disputed Lease Termination and EV Repossession in Gensol EV Case
Tribunal holds that while Insolvency Code empowers adjudication over insolvency-related disputes, contractual conflicts ...
NCLT Ahmedabad Dismisses Application by Subsequent Purchaser Under Section 60(5)(c) of IBC, 2016 for Electricity Dues Refund
Tribunal Holds Jurisdiction Under Section 60(5)(c) Limited to CIRP Participants, Post-Resolution Disputes by Third Parti...
NCLT Ahmedabad Initiates Corporate Insolvency Resolution Process Against FTF Pharma Private Limited Over Unpaid Dues
Tribunal rejects respondent's defense citing third-party bankruptcy, orders appointment of Interim Resolution Profession...
NCLT Hyderabad Bench Dismisses Fraud and Preferential Transaction Claims Against DQ Entertainment's Former Management
Tribunal holds insufficient evidence to prove fraudulent intent or preferential dealings under Insolvency and Bankruptcy...
NCLT Ahmedabad Rules Income Tax Department Cannot Adjust Pre-CIRP Dues Against Refunds During Moratorium
Tribunal holds such adjustment violates the moratorium under Insolvency and Bankruptcy Code, 2016, directing reversal of...
NCLT Ahmedabad Rejects CIRP Petition Against Elite Green Pvt. Ltd. for Non-Compliance of Statutory Requirements
Corporate Insolvency Resolution Process Application Dismissed Due to Lack of Evidence, Non-Submission of Mandatory Forms...
NCLT Chennai Initiates Insolvency Resolution Process Against Personal Guarantor of Corporate Debtor in Rs. 14.92 Crore Loan Default Case
Tribunal Upholds Supreme Court Precedent That Approval of Corporate Debtor's Resolution Plan Does Not Discharge Personal...
NCLT Ahmedabad Bench Rejects CIRP Application by Benzo Chem Industries Citing Pre-existing Dispute Over Defective Goods
Application under Section 9 of IBC, 2016 dismissed as Corporate Debtor raised bona fide dispute prior to demand notice r...
NCLAT Rules Arbitration Clause Does Not Bar Insolvency Proceedings in Posco International Corp vs Mohana Cotton Ginning Pvt Ltd
Tribunal holds that statutory remedy under IBC prevails over arbitration clause; Appellant recognized as operational cre...
NCLT Mumbai Bench Rules Against Arbitrary Capping of Legal Fees During CIRP and Liquidation, Orders Payment Without Court Fee Adjustments
Tribunal directs liquidator to pay Advocate Roshan Totla professional fees based on actual hearings, rejecting Stakehold...
NCLT Ahmedabad Directs Restoration of GST Registration for Corporate Debtor Undergoing CIRP
Tribunal Rules GST Registration Cancellation During CIRP Illegal; GST Authorities Must Reinstate Registration and Update...
NCLT Indore Bench Dismisses CIRP Application Against EKI Energy Services Ltd. Citing Genuine Pre-Existing Dispute
Tribunal Upholds that Insolvency Proceedings Under Section 9 of IBC Cannot Be Used for Disputed Contractual Claims; Emph...
NCLT Mumbai Bench Rules Lack of Jurisdiction in Jet Airways-Boeing Advance Payment Dispute
Tribunal holds contractual disputes governed by foreign laws fall outside insolvency jurisdiction; Orders dismissal of L...
NCLT Mumbai Rules IBC Overrides RERA in Homebuyers’ Refund Claims During Insolvency Resolution
Tribunal upholds Committee of Creditors’ commercial wisdom; dismisses homebuyers’ plea for individual refunds under RERA...
NCLT Hyderabad Directs Secured Creditors to Surrender Assets in MBS Impex Liquidation, Upholds Liquidator's Authority
Tribunal Declares Non-Cooperation by Respondents Illegal; Advises Liquidator to Approach PMLA Appellate Tribunal for Ass...
NCLT Allahabad Bench Rules Auction Purchaser Not Liable for Corporate Debtor's Pre-Liquidation Dues
Uttar Pradesh State Industrial Development Authority Directed to Refund Rs. 82.53 Lakhs Paid Under Protest; Pre-CIRP Cla...
NCLT Ahmedabad Upholds Liquidator’s Rejection of Unsubstantiated EPF Claims in Torque Automotives Liquidation
Tribunal stresses requirement of legally enforceable proof for provident fund dues; dismisses EPFO’s appeal for admissio...
NCLT Ahmedabad Dismisses CIRP Petition Over Time-Barred MSME Council Award; Emphasizes Proper Execution Procedure
Tribunal Rules Operational Creditor Cannot Invoke Section 9 of IBC for Recovery of Awarded Amount Without Following MSME...
NCLT Kochi Bench Admits Indian Bank's Petition, Initiates Corporate Insolvency Resolution Process Against M/s. AKS Cold Storage Ltd.
Financial Creditor's Claim of Over Rs. 40 Crore Default Upheld; Acknowledgment of Debt via OTS Proposals Validates Petit...
NCLT Allahabad Admits CIRP Application Against Zebyte Rental Planet Pvt. Ltd. on Financial Lease Default
Tribunal Classifies Cloud Storage Lease Agreements as Financial Debt under IBC, Initiates Moratorium and Appoints Interi...
NCLAT Sets Aside Closure of Section 7 Insolvency Petition Without Adjudication, Remands Matter for Fresh Consideration
Deposit of Amount "Without Prejudice" Does Not Imply Admission of Debt; Tribunal Must Decide Maintainability, Debt, and ...
NCLAT Rules Death of Resolution Applicant Does Not Mandate Liquidation, Revives Insolvency Process in Arun Kumar Singh v. Genius Exports Pvt. Ltd.
Principal Bench of NCLAT directs reconsideration of resolution plan and withdrawal application under IBC, emphasizing pr...