Corporate Law
Cuttack NCLT Admits Canara Bank's Insolvency Plea Against S.S. Aluminium Pvt. Ltd.
This decision underscores the tribunal's commitment to uphold the provisions of the Insolvency and Bankruptcy Code, ensu...
NCLT Allahabad Dismisses Delay Condonation Plea in Liquidation Case
In conclusion, the NCLT's dismissal of the condonation plea underscores the importance of timely action by claimants in ...
NCLT Kolkata Allows Exclusion of 61 Days from Liquidation Timeline for Sasa Musa Sugar Works
The tribunal acknowledged that the Liquidator was not at liberty to proceed with fresh auction notices until judicial an...
NCLT Ruling: TDS Deductions by M/s Bhuvana Infra Projects Excluded from Liquidation Estate
This ruling reinforces the legal stance that statutory dues, specifically TDS amounts, hold a unique position in insolve...
NCLAT Upholds Rejection of Insolvency Plea by Ahluwalia Contracts Against Shristi Infrastructure
The NCLAT's decision reaffirms the principle that any pre-existing dispute, when substantiated, is a valid ground for re...
NCLAT Dismisses Recall Application; Reaffirms No Review Power, Upholds Procedural Fairness
Citing relevant judicial precedents, the NCLAT underscored that the power of recall cannot substitute for an appeal, a r...
NCLT Rules Moratorium Doesn't Block Return of Mistaken Fund Transfers
This judgment reaffirms the principle that moratorium provisions are designed to protect the assets of the debtor that a...
NCLT Mumbai Bench Initiates Corporate Insolvency Resolution Process for Dee Plone Polyster Pvt. Ltd.
The financial creditor, Pegasus Assets Reconstruction Pvt. Ltd., claimed a default amount of Rs. 37,35,74,442.07, based ...
NCLT Denies Jurisdiction to Interfere in PMLA Property Attachment
Consequently, the applications filed by Mr. Vikram Kumar were dismissed, reinforcing the principle that the NCLT does no...
NCLT to decide issues incidental to complaints of oppression and mismanagement
The Supreme Court's decision underscores the expansive role of the NCLT in addressing issues of oppression and mismanage...
NCLT Kolkata Admits Insolvency Petition Against Vasupujya Enterprise Pvt. Ltd.
This ruling reiterates the legal framework allowing financial creditors to pursue insolvency proceedings against guarant...
NCLT Admits Punjab National Bank's Insolvency Petition Against Aban Offshore Ltd
The tribunal appointed Headway Resolution and Insolvency Services Private Limited as the IRP and declared a moratorium u...