Corporate Law
NCLT Dismisses Insolvency Petition Amidst Family Dispute Over Indore Glass House Pvt. Ltd.
Tribunal rules that insolvency proceedings cannot be misused to settle family disputes or exert pressure in unresolved f...
NCLAT Restores Insolvency Resolution Process for Jeppiaar Cements Pvt. Ltd., Paving Way for Potential Settlement
National Company Law Appellate Tribunal (NCLAT), Chennai, sets aside liquidation order, urging exploration of resolution...
Pen India Pvt. Ltd. Secures Insolvency Proceedings Against Reliance Entertainment Studios
NCLT Mumbai Bench Admits Application Under Section 7 of IBC, Declares Moratorium...
NCLT Bengaluru Bench Initiates Insolvency Proceedings Against Gulam Mustafa Enterprises Pvt. Ltd.
India Housing Fund's Petition under Section 7 of IBC Admitted; Moratorium Declared....
NCLAT Upholds Dismissal of Personal Guarantor's Petition as Time-Barred
Tribunal Rules Against Extending Limitation Period Using Debtor's Own Acknowledgment in Insolvency Case...
NCLT Dismisses Application by 'Other Creditor' Challenging Resolution Plan
The Chandigarh Bench of the National Company Law Tribunal rules that an "Other Creditor" lacks the standing to contest t...
National Company Law Tribunal Initiates Insolvency Process Against Organic World Pvt. Ltd.
Tanay Securities & Services Pvt. Ltd.'s petition under IBC Section 7 accepted; Financial Debt and default established....
Gangotri Textiles Limited Initiates Insolvency Proceedings Amidst Financial Distress
NCLT Chennai admits application under Section 10 of the IBC, 2016; Moratorium imposed to halt recovery actions....
Infotech HAL Limited Dissolved Following Completion of Liquidation Process
NCLT Bengaluru Bench Orders Dissolution After Successful Asset Realization and Compliance...
NCLAT Upholds Sale of Jet Airways' Aircraft Assets During Liquidation
Ex-employees' Appeals Dismissed; Sale Deemed Compliant with Insolvency and Bankruptcy Code...
NCLAT Upholds Liquidator's Right to Inspect Disputed Property in Liquidation Case
Appellate Tribunal Dismisses Premature Appeal Over Ownership Dispute, Allows Property Inspection...
National Company Law Tribunal Permits Withdrawal of Insolvency Application Against Spicejet
Tribunal Orders Cost Payment to Prime Minister's National Relief Fund for Belated Withdrawal...
NCLT Chandigarh Bench Sets Aside Sale Certificate Issued During Interim Moratorium
Tribunal Upholds Interim Moratorium Under IBC, 2016, Invalidating Sale Under SARFAESI Act...
NCLT Upholds CoC's Decision on Exclusion of Late EOIs in Union Bank vs. Chaya Gupta Case
Tribunal Affirms CoC's Commercial Wisdom, Dismissing Union Bank's Plea for Inclusion of Delayed Expressions of Interest...
NCLAT Grants Extension for Pre-Insolvency Resolution Process in Indian Bank Case
Principal Bench allows 45-day extension for completion of repayment plan approval for Indian Bank's personal guarantors....
NCLT Ahmedabad Bench Initiates Corporate Insolvency Process Against Capbridge Venture LLP
Tribunal Overrules Objections, Appoints Interim Resolution Professional for CIRP...
NCLT Dismisses Insolvency Petition by Conart Engineers Against Senores Pharmaceuticals Citing Pre-existing Disputes
Tribunal Rules That Alleged Operational Debt Is Disputed Due to Prior Issues in Certification, Retention Money, and Cont...
NCLT Approves Revised Resolution Plan for JNC Constructions Pvt. Ltd.
After Supreme Court's directives, the updated plan sees overwhelming approval with 96.07% CoC voting, ensuring complianc...
NCLAT Dismisses Appeals by Homebuyers Seeking Financial Creditor Status
Tribunal Denies Financial Creditor Recognition Due to Arbitration and Section 138 Proceedings...
NCLAT Rules in Favor of Sun Paper Ltd., Waives Rs.2 Crore EMD Payment
Tribunal Upholds Appellant's Right to Withdraw from Liquidation Process Post Non-Acceptance of Scheme...
NCLT Dismisses Vitol S.A.'s Application for New Forensic Audit in Bhatia International Case
Tribunal Upholds KPMG's Final Report as Reliable Despite Divergence from Interim Findings in Liquidation of Asian Natura...
NCLT Chandigarh Dismisses ARCIL's Claim Against JCT Limited as Time-Barred
Resolution Professional's Rejection of Rs. 3,482 Crore Claim Upheld; Balance Sheet Entries Found Inadequate for Limitati...
NCLT Allows Impleadment of M/s Manyata Reality in Fraud Allegation Case
Bengaluru Bench of NCLT Permits M/s Manyata Reality as Co-Petitioner for Comprehensive Adjudication in Alleged Fraud Cas...
NCLT Dismisses Insolvency Plea Against Kunal Structure (India) Pvt. Ltd. Due to Pre-Existing Disputes
Operational Creditor's Application Under IBC Fails as Tribunal Upholds Genuine Disputes and Failure to Meet Statutory Th...
National Company Law Tribunal Dismisses Insolvency Petition by Elite Design Against Colorbar Cosmetics
Application under IBC Section 9 rejected due to pre-existing dispute and allegations of fraudulent conduct involving cor...
NCLAT Upholds Initiation of Corporate Insolvency Resolution Process Against Chemstar Organics
Continuous Default and Non-Payment Lead to CIRP Admission Despite OTS Attempts...
National Company Law Tribunal Admits Insolvency Plea Against Adhunik Meghalaya Steels Private Limited
NCLT Guwahati Bench initiates CIRP, appoints IRP amidst financial default claims by IL&FS Financial Services. ...
NCLAT Dismisses Appeal by Suspended Director in Byju Raveendran Case
Procedural Order Challenge Deemed Non-Maintainable, Upholds Adjudicating Authority's Decision...
NCLAT Restores Dismissed Company Petition, Citing Counsel's Dereliction
Tribunal Overturns Previous Ruling, Emphasizes Fairness in Litigant Representation...
NCLAT Dismisses Appeal Challenging Procedural Order in SFIO Investigation
Issuance of Notice for Reply Does Not Prejudice, Rules NCLAT; Upholds Tribunal's Directive in Corporate Investigation Ca...
NCLT Mumbai Declares Rs. 344.58 Crore Fund Diversion by Notion Real Estate as Fraudulent Trading under IBC
Directors and Related Entities Held Liable to Repay Diverted Funds; Rs. 344.58 Crore to be Deposited within 30 Days for ...
NCLT Orders Immediate Handover of Leased EVs in Gensol-Zyngo Insolvency Dispute
Tribunal Directs Return of Electric Vehicles Amidst Ongoing Contractual and Deterioration Claims...
NCLT Orders Liquidation of Shriram Cement Ltd. Due to Non-Implementation of Resolution Plan
Successful Resolution Applicant Fails to Resolve Land Dispute and Meet Financial Obligations, Leading to Liquidation Und...
NCLT Dismisses Indian Bank's Application for Replacement of Resolution Professional
Tribunal Upholds Ms. Sudha Sarma's Role, Citing Lack of Sufficient Grounds for Removal...
NCLT Chennai Admits CIRP Against Ozone Projects Pvt. Ltd.
IDBI Trusteeship Services' Petition Accepted; Allegations of Fraudulent Intent Dismissed...
NCLT Rules Against SBI and GIDC for Unauthorized Release of Charge in Baid Industries Case
Tribunal Orders Restoration of Funds and Imposes Penalties for Compromising Interests of Secured Creditors...