Corporate Law
NCLT Upholds E-Auction Validity Despite Technical Glitch Claims
Tribunal Dismisses Application Alleging Technical Failures in Auction Process for Waseem Ahmad Khan's Assets...
NCLAT Upholds HDFC Bank's Insolvency Proceedings Against Shree Sant Kripa Appliances Pvt. Ltd.
Tribunal affirms that Section 7 of IBC is aimed at resolution, not mere debt recovery....
NCLT Orders Recovery of Non-compliance Costs from Personal Guarantor under Land Revenue Code
Tribunal Enforces Cost Recovery through District Magistrate for Insolvency Code Violation...
NCLT Clears Path for Insolvency Proceedings Against Proto D Industries Despite Pending Cheque Bounce Case
Rexel India Pvt. Ltd. secures CIRP initiation under IBC as NCLT dismisses Res Judicata claim due to distinct legal proce...
NCLT Rules in Favor of IL&FS on Unilateral Contract Amendments
Chronos Properties' challenge against IL&FS's amended contract terms dismissed; directed to renew performance guarantee....
National Company Law Tribunal Approves MAHAGENCO-NTPC Consortium's Resolution Plan for Sinnar Thermal Power Ltd.
With unanimous CoC approval, the INR 3800.14 crore plan marks a significant milestone in India's insolvency resolution f...
NCLT Ahmedabad Orders Liquidation of Eskay K 'N' IT (India) Ltd.
New Liquidator Appointed to Expedite Liquidation Process Amidst Unresolved Insolvency Proceedings...
Bankruptcy Code - Resolution Plan approval process - Non-communication of individual scores does not render the process invalid.
NCLAT Upholds CoC's Decision in Insolvency Case, Dismisses Appeal by Consortium of Govindrao Sable The Tribunal affirms ...
National Company Law Tribunal Recalls Insolvency Proceedings of V4 Infrastructure Amid Fraud Allegations
NCLT New Delhi Bench overturns CIRP initiation due to findings of fraudulent transactions aimed to bypass judicial deter...
NCLAT Dismisses Insolvency Application by Air Wave Technocrafts Against Voltas, Cites Time-Barred Claims and Pre-existing Disputes
The appellate tribunal upheld the NCLT's decision citing limitations and unresolved disputes over invoices, setting a pr...
NCLAT Upholds NCLT's Order: Directors Ordered to Refund Rs. 91 Lakh for Wrongful Trading
Directors Held Liable for Violation of Moratorium and Dissipation of Assets During Insolvency Proceedings...
NCLT Mumbai Initiates Insolvency Process Against Carnival Films Entertainment Pvt. Ltd.
Tribunal Admits Application by J.C. Flowers Asset Reconstruction for Corporate Insolvency Resolution, Declares Moratoriu...
NCLT Rejects Resolution Plan for Girdhari International Pvt. Ltd., Orders Liquidation
Resolution Plan Found Non-Compliant with Statutory Requirements; Tribunal Cites Lack of Feasibility and Viability...
NCLT Ruling: Industrial Unit Purchasers Not Financial Creditors Under IBC
Tribunal clarifies distinction between homebuyers and commercial investors in insolvency proceedings....
NCLAT Grants Avenue 54 Welfare Association Opportunity to Cure Defects in Insolvency Application
Appellate Tribunal Allows Registered Society to File Individual Affidavits to Validate Section 7 Application Against Sum...
Canara Bank's Insolvency Petition Against Galaxy Constructions Admitted by NCLT Mumbai
NCLT Mumbai Bench admits insolvency application, declares moratorium, appoints IRP for Galaxy Constructions under IBC 20...
NCLAT Overturns NCLT Decision: Upholds Section 9 Application in Dispute Between IT Firms
Appellate Tribunal Criticizes Adjudicating Authority's Rejection of Insolvency Application; Emphasizes Admitted Debt and...
NCLT Mumbai Approves Ashdan Properties' Resolution Plan for Indo Global Soft Solutions
Tribunal Emphasizes Compliance with Insolvency and Bankruptcy Code, Ensures Stakeholder Obligations...
NCLT Dismisses Belated Claims by Ex-Employees in Indo Global CIRP Case
Tribunal Upholds Timeliness Mandate of Insolvency Process, Denies Ex-Employees' Claims Post-Resolution Plan Approval...
NCLT Bengaluru Directs Deposit of Seized Corporate Funds into Liquidation Estate
Welworth Software Pvt. Ltd.'s Liquidation Process Takes Critical Step with Tribunal's Order on Seized Assets...
NCLT Dismisses Contempt Petition Against Former Director for Alleged Non-Compliance of Document Production Order
National Company Law Tribunal emphasizes the need for wilful intent in contempt proceedings, dismisses petition against ...
NCLT Orders Transmission of Shares Without Succession Certificate in Landmark Judgment
Tribunal Directs Share Transfer on Submission of Legal Heir Certificate and Apostilled Documents ...
NCLT Kolkata Upholds Validity of MSME Certificate and Dismisses Allegations Against Successful Resolution Applicant
Tech Nirman’s Plea Dismissed; Tribunal Affirms Resolution Plan Amidst Debates on Eligibility Under Section 29A of IBC ...
NCLT Ahmedabad Rules on Liquidator's Fee Dispute in Ramesh Kumar Totla Case
Tribunal Upholds CoC-Approved Fee, Directs SBI to Pay Liquidation Expenses...
NCLT Dismisses Arthan Finance's Insolvency Petition Against Inditrade Capital Over Uninvoked Guarantee
Tribunal Rules Invocation of Guarantee is Essential Before Initiating Insolvency Proceedings...
Tribunal Rejects Insolvency Plea Against Financial Service Provider
NCLT Mumbai Bench affirms exclusion of financial service providers from CIRP under Insolvency and Bankruptcy Code...
NCLT Sanctions Major Composite Scheme of Arrangement for Lily Commercial Pvt. Ltd.
New Delhi Bench Approves Amalgamation and Demerger with Stringent Compliance and Safeguards...
NCLT Dismisses Resolution Plan Challenge by Phoenix ARC, Upholds CoC's Decision
The commercial wisdom of the Committee of Creditors (CoC) in approving or rejecting a resolution plan is paramount and b...
NCLAT Dismisses Appeals: MoU Between Airwill JKM and Cadillac Infotech Not a Financial Debt
The National Company Law Appellate Tribunal upholds NCLT's decision, ruling that transactions for joint plot development...
NCLT Orders Liquidation of Sri Pavana Keerthi Hotels India Pvt Ltd After Failed Resolution Plan
Tribunal directs liquidation under IBC due to non-compliance by Successful Resolution Applicant, appointing Mr. Govada V...
NCLAT Dismisses Appeal: Enforces Strict Adherence to Procedural Law in Compromise Orders
Appeal dismissed as Tribunal emphasizes execution proceedings over recall applications for non-compliance with compromis...
NCLAT Overturns NCLT's Decision on Auction Purchaser's Shareholding Restructuring
Appellate Tribunal Upholds Auction Purchaser's Autonomy, Citing Jurisdictional Overreach by NCLT...
Resolution Plan under Insolvency and Bankruptcy Code extinguishes all claims, including statutory dues
Calcutta High Court Upholds Tribunal Decision on Insolvency-Related Tax Claims Tata Steel's Appeal for Tax Refund Denied...
NCLT Mumbai Clarifies Role of Monitoring Committee in Say India Jewellers Insolvency Case
Tribunal Affirms Union Bank of India's Appointment of New Monitoring Committee Chairman to Ensure Smooth Transition...
NCLT Approves Demerger of Bennett, Coleman & Company Limited’s EIBME Business
Mumbai Bench of NCLT Greenlights Composite Scheme of Arrangement; Effective Date Set for April 2026...
NCLAT Denies Interest on Performance Bank Guarantee in Maan Sarovar Insolvency Case
Kences Constructions' appeal for interest on PBG refund dismissed; contractual terms upheld by the tribunal. ...