Corporate Law
NCLT Mumbai Greenlights Yatra TG Stays Private Limited's Amalgamation Scheme
The NCLT's approval ensures that the Yatra group can proceed with its strategic business consolidation, promising positi...
NCLT Mumbai Bench Admits Insolvency Petition Against Vindhyawashini Marine Services
Tribunal Initiates CIRP Following Corporate Debtor's Failure to Satisfy Arbitral Award...
NCLT Ahmedabad Bench Initiates Insolvency Resolution Process Against Personal Guarantor Puneet Singh Jaggi
The tribunal's order is a crucial development in insolvency jurisprudence, affirming the framework for addressing defaul...
NCLAT Overturns NCLT Order, Remands CIRP Settlement Case Back for Reconsideration
The decision highlights the appellate tribunal's commitment to ensuring that all parties in insolvency proceedings are g...
NCLT Dismisses Instakart's Claim for Rs. 86.6 Lakhs in GST Liability Against TopsGurp Services
Instakart's appeal rejected due to delayed filing and lack of requisite documents as GST Department's claim already acce...
Aryatech Platforms Pvt. Ltd. Wins Insolvency Case Against Tirumalla Agro Industries Pvt. Ltd.
This judgment sets a precedent in insolvency law, reinforcing the tribunal's role in facilitating effective resolution m...
NCLT Dismisses Insolvency Petition Against Pelican Tobacco Pvt. Ltd.
Fixed Security Amount Not Deemed Operational Debt; Petition Dismissed Due to Threshold Limit Shortfall...
NCLT Indore Bench Initiates Corporate Insolvency Resolution Process Against Garima Real Estate
The tribunal's decision underscores the robustness of the Insolvency and Bankruptcy Code in addressing financial default...
Liquidator’s Fee, how calculated
The NCLAT's ruling is expected to provide guidance to liquidators and stakeholders involved in insolvency proceedings, e...
Google : Unilateral termination of developer account by Google without reasons - No Abuse of Dominant Position
The Commission noted that Google's explanation for its actions and policies appeared reasonable, and the appeals process...
NCLT Orders Refund of Security Deposit to Hybro Foods Amidst Insolvency Proceedings
This ruling serves as a reminder to stakeholders involved in insolvency proceedings to adhere strictly to the provisions...
Competition Commission Dismisses Allegations Against BSNL for Abuse of Dominant Position
Ultimately, the commission found no prima facie case of contravention of Section 4 of the Competition Act, 2002. Consequ...
NCLAT Upholds Rejection of Insolvency Application Against Concast Morena Road Projects on Limitation Grounds
The appellant's legal team, led by Mr. Rajesh Kumar Gautam, expressed disappointment over the dismissal but acknowledged...
CCI Dismisses Abuse of Dominance Allegations Against Google in Developer Account Termination Case
The decision underscores the complexities involved in balancing platform policies with competition law, especially in di...
NCLAT Upholds Axis Bank's Section 7 Application in Insolvency Case Against Supreme Transport Organisation Pvt. Ltd.
In closing, the NCLAT dismissed the appeal, allowing the proceedings to advance under the established insolvency framewo...
NCLAT Declares Kolkata Municipal Corporation as Secured Creditor in Talwalkars Liquidation Case
This ruling has significant implications for statutory bodies collecting dues, reinforcing their ability to claim secure...
No interfere in corporate insolvency proceedings under Article 227
The judgment aligns with previous decisions of the Supreme Court, affirming that adherence to legal protocols and proced...
NCLAT Overturns NCLT's Order on Alleged Fraudulent Trading
The ruling underscores the importance of distinguishing between genuine business risks and fraudulent intent, setting a ...
NCLAT Directs ICBC to Release Lien on Reliance Communications Fixed Deposit
The judgment has significant implications for banking practices concerning lien rights and the interpretation of contrac...
Termination of leave and license agreements - Resolution Professional entitled to terminate agreements during CRIP NCLAT Upholds Termination of Lease Agreements During CIRP
This decision underscores the RP's power to enforce agreements in line with statutory regulations and sanctioned plans, ...
NCLT Admits Insolvency Petition Against Al-Dua Food Processing Pvt. Ltd.
The judgment underscores the importance of clear contractual obligations and the limitations of internal corporate arran...
NCLAT Rules ESI Contributions as Trust Assets, Excluded from Liquidation Estate
In conclusion, the NCLAT allowed the appeal, set aside the prior order, and reaffirmed the status of ESI contributions a...
Competition Law - Designation of a State Trading Enterprise for export of beach sand minerals is not amenable to Competition Act.
The dismissal of the appeal maintains the status quo, allowing the government's policy on BSM exports to continue. The T...
Once a One-Time Settlement is accepted and part payment is received, the Financial Creditor cannot file CIRP
The NCLT has urged both parties to settle the matter amicably and provided Jain Infraprojects with an opportunity to rec...
NCLT Dismisses Axis Bank's Plea for Interim Finance in Morarjee Textiles Insolvency Case
The judgment underscores the procedural rigor embedded within the Insolvency and Bankruptcy Code, ensuring that financia...
NCLAT Upholds NCLT's Ruling on Fraudulent Transactions by Axiomata Elevators' Directors
The ruling underscores the NCLAT's commitment to upholding the integrity of the insolvency process, ensuring that direct...
NCLAT Dismisses Insolvency Plea Against Aussee Oats India Ltd. by Future Consumer Ltd.
Ultimately, the NCLAT upheld the decision of the NCLT, dismissing the appeal and reinforcing the principle that insolven...
NCLAT Upholds CIRP Initiation Against Corporate Guarantor in Deepak Raheja Case
The case originated from a loan agreement dated 26.12.2017, involving Piramal Capital and Housing Finance Ltd. (PCHFL) a...
NCLAT Overturns Dismissal of Restoration Application in Swadarshan Dairy's Insolvency Case
Consequently, the NCLAT allowed the restoration application and reinstated the main petition to its original status. The...
NCLAT Upholds NCLT's Decision Declaring Lease Deed Void in Jupiter Spun Pipes Case
The NCLAT's decision is pivotal as it reinforces legal protocols in handling allegations of document forgery within inso...
NCLT Indore Bench Protects Rights of Homebuyers Amidst Insolvency Proceedings
The judgment underscores the importance of balancing the interests of homebuyers with the objectives of the IBC, ensurin...
NCLAT Chennai Upholds Tribunal's Decision for Actual Asset Possession in CIRP
The ruling underscores the importance of adhering to statutory requirements in CIRP proceedings, preventing any deviatio...
Insolvency Code Timelines - Belated Building Tax claim Rejected
The Tribunal highlighted the importance of adhering to prescribed timelines in insolvency proceedings to ensure fairness...
NCLAT Directs Adjudicating Authority to Follow Proper Procedure for Replacement of Resolution Professional
The NCLAT's decision underscores the importance of procedural compliance and the principles of natural justice in insolv...
NCLT Rules Non-Redemption of Preference Shares Does Not Constitute Financial Debt Default
The ruling serves as a reminder for companies and investors regarding the legal framework governing preference shares an...
NCLAT Upholds Assignment of GST Debt in CIRP, Dismisses Appeal by Ellison Oil Field Services
The judgment reinforces the flexibility within the IBC framework, enabling the assignment of debts to facilitate the res...