Corporate Law
Insolvency Code - Section 9 application cannot be defeated on the basis of contrived, improvised, or moonshine disputes
National Company Law Appellate Tribunal Upholds Corporate Insolvency Resolution Process Initiation Against Steel expert ...
Insolvency - NCLAT rejects disputed Loan Agreements due to inconsistencies, lack of evidence
NCLAT Upholds Rejection of Disputed Loan Claims in Vibrant Buildwell Insolvency Case, Tribunal affirms dismissal of clai...
NCLAT Rules on Interest Liability in Anil Ltd. Liquidation Case
Tribunal Enforces 12% Interest Mandate for Delayed Payment by Adani Infrastructure in Liquidation Process...
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 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...
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...
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...
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 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 ...
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 Dismisses Arthan Finance's Insolvency Petition Against Inditrade Capital Over Uninvoked Guarantee
Tribunal Rules Invocation of Guarantee is Essential Before Initiating Insolvency Proceedings...
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...