Tag: Barun Mitra

NCLAT Sets Aside CIRP Against Equinox India, Says Equity Infusion Guarantee Is Not “Financial Debt”

Team Law Notify Commissions, Forums & Tribunals May 5, 2026

NCLAT _ National Company Law Appellate Tribunal _ LawNotify

May 4, 2026 : The National Company Law Appellate Tribunal (NCLAT) has quashed insolvency proceedings initiated against Equinox India Developments Ltd. (formerly Indiabulls Real Estate Ltd.), holding that the corporate guarantee relied upon by Canara Bank did not amount to Read more…

NCLAT: Judicial Custody Not Ground to Extend IBC Limitation; Dismisses Delayed Appeals in Alps Leisure Liquidation

Team Law Notify Commissions, Forums & Tribunals March 28, 2026

March 27, 2026 : The National Company Law Appellate Tribunal (NCLAT), New Delhi, has dismissed two appeals arising out of the liquidation proceedings of Alps Leisure Holidays Ltd., holding that judicial custody of an appellant cannot justify extension of the Read more…

NCLAT Upholds Rejection of Homebuyer’s Belated Claim Filed Four Days Before CoC Meeting

Team Law Notify Commissions, Forums & Tribunals March 11, 2026

March 10, 2026 : The National Company Law Appellate Tribunal (NCLAT), New Delhi has upheld the rejection of a homebuyer’s delayed claim submitted shortly before the Committee of Creditors (CoC) meeting to vote on a resolution plan, ruling that such Read more…

NCLAT: Directors’ Remuneration Not Fraudulent Trading Under IBC Without Clear Proof of Intent to Defraud

Team Law Notify Commissions, Forums & Tribunals March 4, 2026

March 04, 2026 : The National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi, has held that remuneration paid to directors for managerial services cannot be treated as fraudulent or wrongful trading under Section 66 of the Insolvency Read more…