Corporate Law
NCLAT Upholds Eligibility of Manglam Multiplex in Varutha Developers Insolvency Case
In rejecting the appeal, the Tribunal emphasized that allegations of collusion and ineligibility were speculative and un...
Insolvency : Burden of proof regarding ownership of assets lying at leased premises
The ruling allows the Liquidator and successful bidder to proceed with the asset removal without obstruction from Relian...
NCLT Orders Investigation into Smaaash Entertainment's Affairs Amid Allegations of Fraudulent Conduct
This judgment underscores the NCLT's commitment to ensuring transparency and accountability in corporate governance, par...
NCLAT Denies Interest Claim on Delayed Fund Release from NCLT Registry
The tribunal's decision underscores the importance of explicit directions in legal orders for any claims of interest on ...
Patent Act prevails over Competition Act : Competition Commission lacks jurisdiction
The decision also dismisses the appeal for lack of merit, as the patented drug is now available for public use following...
NCLT Dismisses Application Seeking Structural Audit and Retrofitting for Shubhkamna Buildtech Project
Tribunal Upholds Finality of Approved Resolution Plan, Denies Modification Requests...
NCLAT Overturns Adjudicating Authority's Concession; Upholds Financial Creditor's Rights
Successful Auction Purchaser's bid to reclassify Corporate Debtor's accounts as standard denied, protecting creditor's r...
NCLT Kochi Orders Liquidation of Malayalam Vehicles India Pvt Ltd
This liquidation marks a crucial juncture for Malayalam Vehicles India, reflecting the stringent measures under the IBC ...
NCLAT Orders Fresh Examination of Related Party Status in IDBI Trusteeship Case
This decision marks a crucial juncture in insolvency proceedings, underscoring the importance of procedural fairness and...
Hindustan Unilever's Ice Cream Business Demerger Approved by NCLT
The NCLT's decision is a milestone in HUL's strategic restructuring efforts, paving the way for Kwality Wall's to emerge...
NCLT Ahmedabad Rules Against Mehsana Urban Co-Operative Bank for Unauthorised Adjustments
Tribunal Orders Refund of Rs. 56 Lakh to Swastik Ceracon Ltd. with Interest, Reinforcing Insolvency Code's Overriding Au...
NCLT Rejects Customs Department's Claim in Rubber Wood India Liquidation Case
Inordinate Delay of 787 Days in Filing Claim Cited; Government Dues Not Given Preferential Treatment...
NCLAT Upholds Auction Sale Amidst Insolvency Proceedings
This judgment reaffirms the autonomy of completed transactions prior to the initiation of insolvency proceedings, provid...
NCLT Admits Insolvency Petition Against Royal Fantasy Constructions Pvt. Ltd.
This decision underscores the NCLT's commitment to upholding the provisions of the Insolvency and Bankruptcy Code and en...
NCLT Mumbai Bench Initiates Insolvency Resolution Process Against Personal Guarantor
Tribunal affirms independence of IBC proceedings despite ongoing SARFAESI actions, appoints new Resolution Professional ...
Balance sheets signed by suspended directors during CIRP are valid acknowledgments under Section 18 of Limitation Act
This decision reaffirms the principle that balance sheet acknowledgments can extend the limitation period for insolvency...
NCLT Dismisses SIDBI's Insolvency Application Against Personal Guarantor Due to Limitation Bar
The tribunal's decision underscores the importance of adhering to the prescribed limitation periods in insolvency procee...
NCLAT Upholds Inclusion of Leasehold Rights in Liquidation Estate
The judgment underscores the tribunal's stance on the inclusion of leasehold rights as assets within the IBC framework, ...
Tribunal does not have jurisdiction to adjudicate issues of fraud, forgery, or fabrication of documents
This ruling reflects the importance of distinguishing between matters suitable for summary proceedings and those demandi...
NCLT Greenlights Insolvency Process Against Personal Guarantor Mukund Kulkarni
Solapur Janata Sahakari Bank's Application to Initiate Insolvency Resolution Process Admitted; Tribunal Clarifies Person...
Insolvency Code : Balance sheet entries as reliable indicators of financial debt.
This ruling reinforces the principles governing financial debt under the IBC and clarifies the grounds upon which insolv...
Person holding shares must disclose the beneficial owner : Non-declaration however is not an act of oppression and mismanagement
In dismissing the appeal, the tribunal emphasized that the company petition was not maintainable as the appellant was ne...
NCLT Orders Return of Rs. 1.1 Crore in Preferential Transaction Case
Additionally, the Tribunal permitted the Applicant to refer the matter to the Insolvency and Bankruptcy Board of India (...
Failure to file affairs of Company under section 454 : Prosecution must prove that it was wilful
The decision has significant implications for how compliance-related offences under the Companies Act are prosecuted, em...
NCLAT Upholds Initiation of Insolvency Proceedings Against Privilege Power Infrastructure Ltd.
The judgment underscores the Tribunal's commitment to uphold the principles of insolvency law while ensuring that proced...
NCLAT Upholds Homebuyers' Rights to Late Claims in CIRP Proceedings
The judgment highlights the tribunal's commitment to ensuring fairness in the CIRP process and upholding the interests o...
NCLT Grants Waiver for Alleged Oppression and Mismanagement Case Against Indian Commodity Exchange
The ruling underscores the discretionary nature of the proviso to Section 244(1)(a), which the Tribunal exercised judici...
NCLT Dismisses Insolvency Petition Against Personal Guarantor Due to Non-Invocation of Guarantee
The tribunal's decision underscores the importance of creditors following procedural mandates, particularly in cases inv...
National Company Law Tribunal Admits Insolvency Petition Against Cab-Eez Infra Tech Ltd.
This development serves as a critical reminder for companies to maintain transparency and timely communication in financ...
National Company Law Tribunal Orders Liquidation of Garvit Innovative Promoters Ltd.
The NCLT's decision underscores the seriousness of the financial irregularities and legal violations by Garvit Innovativ...
NCLAT Chennai Upholds NCLT's Decision to Dismiss Recall Application by RCC E-Construct Pvt. Ltd.
The NCLAT's decision reaffirms the limited scope of inherent powers under Rule 11, underscoring the importance of proced...
NCLT Cuttack Bench Admits Insolvency Proceedings Against Bhilai Jaypee Cement Ltd.
The tribunal's decision reinforces the principle that operational creditors can initiate insolvency proceedings based on...
NCLAT Upholds Jurisdiction in Insolvency Resolution Case, Directs Execution of Sale Deed
The NCLAT dismissed the appeal, instructing Shonu Chandra, the POA holder, and Sunder Lal to execute the Sale Deed in fa...
NCLAT Upholds Admission of CIRP Petitions Against Corporate Debtor, Clarifies Limitations and Acknowledgment of Debt
The NCLAT's decision reaffirms the statutory duty of tribunals to independently compute limitation periods and highlight...
NCLAT Dismisses Appeals: Contempt Orders Not Appealable Under Section 19
The tribunal's decision aligns with previous Supreme Court judgments, which have consistently held that appeals in conte...
NCLAT Sets Aside NCLT Order, Grants ABC Floors Pvt. Ltd. Three Months to Settle Financial Debt
This ruling underscores the NCLAT's stance on the flexibility of evidence requirements in insolvency proceedings, partic...