Corporate Law
NCLT Mumbai Rules Auction Purchaser Liable for Pre-Liquidation Dues in 'As Is Where Is' Sale
In a landmark decision, the NCLT Mumbai upheld statutory first charges under the Maharashtra Co-operative Societies Act,...
NCLT Mumbai Bench Rejects Armaan Sunil Kothari's Resolution Plan for 4B Networks Pvt. Ltd.
Tribunal Cites Non-Compliance with Insolvency Code and Material Irregularities in CIRP Process...
NCLT Mumbai Bench Denies EPFO's Late Claim in Sovika Aviation's Insolvency Case
Tribunal Emphasizes Strict Adherence to IBC Timelines, Dismisses EPFO's 400-Day Delayed Claim...
NCLAT Condoned Delay in Hannu Steels Appeal, Reinforces Natural Justice in Insolvency Proceedings
Tribunal Allows Hannu Steels Final Opportunity to File Reply in Insolvency Case, Highlighting Importance of Fair Hearing...
NCLAT Upholds Resolution Professional's Actions in NOIDA vs. Manohar Lal Vij Case
Resolution Professional's Refusal to Fully Admit Claims by NOIDA Deemed Justified; Appeal Dismissed...
NCLAT Upholds Separate Legal Entity Doctrine in Insolvency Set-Off Dispute
Assam Power Distribution's Set-Off Claim Against Brahmaputra Group Rejected; Liquidator's Demand for Dues Supported by T...
National Company Law Tribunal Initiates Insolvency Proceedings Against DNR India Autotech Pvt. Ltd.
Bank of Maharashtra's application under Section 7 of IBC accepted, moratorium declared by Mumbai Bench of NCLT...
NCLT Mumbai Bench Orders Restoration of Pledged Securities During Moratorium
Tribunal Declares Invocation of Pledged Securities Void Amid CIRP, Upholds Moratorium Under IBC, 2016...
NCLT Kolkata Admits Insolvency Petition Against Swal Limited
Scorpion Nirman Private Limited's application for Corporate Insolvency Resolution Process accepted; Inter-corporate loan...
National Company Law Tribunal Initiates Insolvency Proceedings Against Regal Enterprises Limited
Akkme Food Craft Limited's application under IBC leads to Corporate Insolvency Resolution Process for defaulted debt...
NCLT Mumbai Declares Rs. 29.35 Crore Transaction as Fraudulent, Orders Recovery from Dev Land and Housing Pvt. Ltd.
Tribunal upholds NCLAT's findings, directs recovery of Rs. 24.45 crores from Dev Land and Housing Pvt. Ltd. and Responde...
NCLAT Rules Tropical Ventures as Related Party in Incab Industries CIRP; Caps Financial Claim and Upholds Resolution Plan
Tribunal holds that Tropical Ventures controls Incab via step-down subsidiary, limits claim to principal amount excludin...
NCLT Dismisses Insolvency Petition Over Settlement Deed Default
Tribunal Rules Settlement Deed Defaults Do Not Constitute Operational Debt Under IBC...
NCLAT Upholds CoC's Decision on Remuneration of Interim Resolution Professional
Tribunal Affirms Payment of Rs. 3,00,000 to Mohd Nazim Khan, Citing Commercial Wisdom of Creditors' Committee...
Debenture Trustees Gain Locus Standi in Insolvency Proceedings: NCLAT Upholds Section 95 Application
NCLAT Principal Bench affirms Debenture Trustees' authority to initiate Personal Insolvency Resolution Process under IBC...
NCLT Directs Suspended Directors to Cooperate with Resolution Professional in Greater Kailash Hospitals Insolvency Case
Tribunal mandates provision of documents and access to hospital systems; warns of penal consequences for non-compliance....
NCLAT Rules in Favor of Calcutta Pinjrapole Society: Property to be Excluded from CIRP
Corporate Debtor’s Unauthorized Possession Declared Non-Asset in Insolvency Proceedings...
NCLT Chennai Orders CIRP Against Everrenew Energy Pvt. Ltd. Amid Settlement Breach
Om Tranns Infra Corporation Initiates Insolvency Proceedings Over Unpaid Operational Debt Despite Settlement Agreement...
NCLAT Overturns Admission of Insolvency Proceedings Against Manpasand Beverages Ltd
Tribunal Cites Pre-Existing Disputes and Jurisdictional Errors in Dual Insolvency Processes...
NCLAT Upholds Dismissal of Insolvency Plea Citing Fraudulent Transactions
Adjudicating Authority's Limited Jurisdiction in Fraud Cases Affirmed in Progfin vs. Ganesh Benzoplast ...
NCLT Dismisses Late Claims in Calyx Lenora Realty LLP Insolvency Case
Tribunal Upholds Resolution Plan, Rejects Condonation of Delay in Filing Claims...
NCLAT Upholds Personal Guarantor's Liability in Tata Capital Case
Tribunal Dismisses Appeal, Validates Proceedings Without Resolution Professional’s Report...
NCLAT Upholds Possessory Rights of AKJ Metals Over Disputed Properties Amidst CIRP; Adjudicating Authority's Orders Set Aside
In a significant decision, NCLAT rules in favor of AKJ Metals, emphasizing that Adjudicating Authority under IBC cannot ...
NCLT Dismisses Perjury Application Against Capstech Network, Cites Lack of Beneficial Gain
Tribunal rules perjury jurisdiction cannot address pleading omissions once primary proceedings are adjudicated and resol...
NCLT Chandigarh Upholds Resolution Professional's Claim Computation in Samar Estate Insolvency Case
Tribunal Rejects Homebuyers' Plea for Interest and Delay Compensation under IBC Framework...
NCLT Dismisses Plea to Reopen CIRP Proceedings of Maylari Agro Products Ltd.
National Company Law Tribunal upholds the finality of the approved Resolution Plan, emphasizing the Clean Slate Principl...
NCLT Ahmedabad Bench Dismisses Green Consultancy's Insolvency Petition Against Jhaveri Spices
Claim for Non-Transfer of Property under Incentive Scheme Not Classified as "Operational Debt" Under IBC...
NCLAT Upholds Initiation of Insolvency Proceedings Against Jhandewalas Foods Ltd.
Tribunal Dismisses Appeal, Cites Absence of Genuine Pre-existing Disputes...
NCLAT Upholds Liquidation Extension in Chavva Naga Sampathi Tayaru Case
Appellate Tribunal Confirms Validity of Liquidation Extension and Upholds Liquidator's Authority Despite Age Concerns...
NCLAT Upholds NCLT's Precautionary Direction on Resolution Professional Appointment
Appellate Tribunal Declines to Interfere, Highlighting Non-Finality of Orders in Panduranga Energy Systems Case...
NCLT to admit case only if debt, default established: Insolvency & Bankruptcy (Amendment) Act
Pranjal Prateek, also a partner, discussed the competition law, saying 2025 was the most active year in “merger control”...
NCLT Dismisses Homebuyers’ Claim for Refund of Rs. 60 Lakh in Insolvency Case
Tribunal rules money paid to directors’ personal accounts does not qualify as financial debt under IBC....
NCLT Chandigarh Dismisses RealPro Assets Ltd.'s Claim in Insolvency Proceedings
Tribunal rules against marketing associate's claim as a financial creditor due to lack of credible evidence....
NCLT Dismisses Modern Overseas' Plea for Delayed Claim Admission in Hind Agro Insolvency Case
Tribunal Upholds CoC’s Commercial Wisdom, Rejects Revised MSME Interest Claim and Challenge to Resolution Plan...
NCLT Chennai Denies Claims by Step-Down Subsidiary in Liquidation Proceedings
Tribunal Dismisses St. John Lines PTE Limited's Application Against Liquidator for St. John Freight Systems Limited, Cit...
Axis Trustee Services Secures Insolvency Proceedings Against Talent Unlimited
NCLT Admits CIRP Application for Rs. 5.76 Crore Default by Corporate Debtor...