March 12, 2026 : The National Company Law Tribunal (NCLT), Chennai Bench has reaffirmed that a company incurring losses is not legally restrained from paying its shareholders as part of a capital reduction exercise under Section 66 of the Companies Read more…
March 12, 2026 : The National Company Law Appellate Tribunal (NCLAT), New Delhi has upheld the admission of insolvency proceedings against Al-Dua Food Processing Pvt. Ltd., ruling that a corporate debtor cannot escape liability to an operational creditor by claiming Read more…
The District Consumer Disputes Redressal Commission, Kupwara has held J&K Bank liable for deficiency in service for disbursing a substantial portion of a sanctioned loan to a third party without the borrower’s consent, while simultaneously initiating recovery proceedings for the Read more…
The District Consumer Disputes Redressal Commission-I (North District), Delhi has held United India Insurance Co. Ltd. guilty of deficiency in service for failing to address a policyholder’s request to continue a family floater mediclaim policy after the death of one Read more…
March 11, 2026 : The Ahmedabad Bench of the National Company Law Tribunal (NCLT) has dismissed a personal guarantor’s application under Section 94 of the Insolvency and Bankruptcy Code, 2016, holding that the plea was barred by limitation and filed Read more…
March 11, 2026 : In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Delhi Bench, has held that alleged diversion of income for the benefit of specified persons under Section 13(1)(c) of the Income Tax Act cannot, by itself, Read more…
The National Company Law Tribunal (NCLT), Guwahati Bench, has directed the suspended directors of Sree Bajrang Infracon Pvt. Ltd. to fully cooperate with the liquidator and hand over all records, assets, and information, holding that non-cooperation undermines the time-bound insolvency Read more…
March 10, 2026 : The Chandigarh Bench of the National Company Law Tribunal (NCLT) has dismissed an application filed by Omkara Assets Reconstruction Pvt. Ltd. seeking admission of its claim as a secured financial creditor in the corporate insolvency resolution Read more…
March 10, 2026 : The National Company Law Appellate Tribunal (NCLAT), New Delhi has held that a forensic or transaction audit commissioned independently by the suspended management of a corporate debtor during the Corporate Insolvency Resolution Process (CIRP) cannot be Read more…