Commissions, Forums & Tribunals NCLT Chennai Allows Capital Reduction by Loss-Making Company, Upholds Shareholder Primacy in Abtran India Case Team Law NotifyMarch 13, 2026April 13, 20262 mins March 12, 2026 : The National Company Law Tribunal (NCLT), Chennai Bench has reaffirmed that a company incurring losses is…
Commissions, Forums & Tribunals NCLAT Upholds Insolvency Proceedings Against Al-Dua Food Processing; Rejects Plea of Debt Transfer to Third Party Team Law NotifyMarch 13, 2026March 16, 20264 mins March 12, 2026 : The National Company Law Appellate Tribunal (NCLAT), New Delhi has upheld the admission of insolvency proceedings…
Commissions, Forums & Tribunals J&K Bank Held Liable for Unauthorized Loan Disbursal to Third Party; Kupwara Commission Limits Borrower’s Liability Team Law NotifyMarch 13, 2026March 31, 20263 mins The District Consumer Disputes Redressal Commission, Kupwara has held J&K Bank liable for deficiency in service for disbursing a substantial…
Commissions, Forums & Tribunals PMLA Tribunal Confirms ₹50 Lakh Attachment in Syndicate Bank Bribery Case; Sets Aside Adjudicating Authority Order Team Law NotifyMarch 13, 2026March 31, 20262 mins March 12, 2026 : The Appellate Tribunal under SAFEMA has confirmed the provisional attachment of ₹50 lakh allegedly linked to…
Commissions, Forums & Tribunals Delhi Consumer Commission Pulls Up United India Insurance for “Negligent” Handling of Floater Policy, Orders Retrospective Renewal Team Law NotifyMarch 12, 2026April 11, 20262 mins The District Consumer Disputes Redressal Commission-I (North District), Delhi has held United India Insurance Co. Ltd. guilty of deficiency in…
Commissions, Forums & Tribunals NCLT Ahmedabad Rejects Personal Guarantor’s Insolvency Plea as Time-Barred, Imposes ₹2 Lakh Cost for Abuse of Process Team Law NotifyMarch 12, 2026April 10, 20262 mins March 11, 2026 : The Ahmedabad Bench of the National Company Law Tribunal (NCLT) has dismissed a personal guarantor’s application…
Commissions, Forums & Tribunals ITAT Delhi: Section 13 Violation Not Ground for Cancelling Trust Registration Under Section 12AB Team Law NotifyMarch 12, 2026March 20, 20262 mins March 11, 2026 : In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Delhi Bench, has held that alleged…
Commissions, Forums & Tribunals NCLT Guwahati Directs Suspended Directors of Sree Bajrang Infracon to Hand Over Records, Warns of Action for Non-Cooperation Team Law NotifyMarch 11, 2026April 3, 20262 mins The National Company Law Tribunal (NCLT), Guwahati Bench, has directed the suspended directors of Sree Bajrang Infracon Pvt. Ltd. to…
Commissions, Forums & Tribunals NCLT Chandigarh Rejects Omkara ARC’s ₹387 Cr Claim Filed 1267 Days Late, Upholds CIRP Finality Team Law NotifyMarch 11, 2026April 10, 20264 mins March 10, 2026 : The Chandigarh Bench of the National Company Law Tribunal (NCLT) has dismissed an application filed by…
Commissions, Forums & Tribunals NCLAT: Forensic Audit Commissioned by Suspended Management During CIRP Lacks Credibility and Cannot Be Relied Upon Team Law NotifyMarch 11, 2026March 16, 20264 mins March 10, 2026 : The National Company Law Appellate Tribunal (NCLAT), New Delhi has held that a forensic or transaction…
