New Delhi: The National Company Law Appellate Tribunal (NCLAT), New Delhi, has dismissed an application seeking recall of its earlier order excluding the additional time required to obtain vacant possession of an industrial property from the implementation timeline of an Read more…
New Delhi: The Supreme Court has clarified the application of the ‘clean slate’ principle under the Insolvency and Bankruptcy Code, 2016 (IBC), holding that an extinguished claim cannot be used to seek independent recovery after approval of a resolution plan. Read more…
May 25, 2026 : In a significant ruling on the intersection of real estate development agreements and insolvency proceedings, the National Company Law Appellate Tribunal (NCLAT) has held that a developer engaged to complete a real estate project cannot claim Read more…
May 14, 2026 : The National Company Law Appellate Tribunal has upheld the exclusion of Videocon Group’s foreign oil and gas assets from the corporate insolvency resolution process (CIRP) of Videocon Industries Limited, delivering a significant ruling on the treatment Read more…
May 12, 2026 : The National Company Law Appellate Tribunal has ruled that merely mortgaging property to help a company secure bank finance does not amount to a “financial debt” under the Insolvency and Bankruptcy Code, 2016 (IBC), even if Read more…
May 11, 2026 : The National Company Law Appellate Tribunal (NCLAT), New Delhi, has held that a Resolution Professional (RP) is empowered to appoint professionals, including transaction auditors, for conduct of the Corporate Insolvency Resolution Process (CIRP) without prior consultation Read more…
May 8, 2026 : The National Company Law Tribunal has held that the decision on whether a corporate debtor should continue to occupy or vacate leased premises during the Corporate Insolvency Resolution Process (CIRP) or liquidation is a matter that Read more…
News Citation : 2026 LN (SC) 460 May 8, 2026 : The Supreme Court has dismissed an appeal filed by Dhanlaxmi Bank Limited and reaffirmed that the Insolvency and Bankruptcy Code, 2016 (IBC) cannot be invoked as a coercive mechanism Read more…
May 6, 2026 : The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has held that disputes concerning unusable commercial premises, disruption of essential services and obstruction to business operations constitute a genuine pre-existing dispute under Section 9 Read more…
May 6, 2026 : The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has refused to condone a delay of 198 days in refiling an insolvency appeal filed by Om Logistics Limited, holding that a company cannot justify Read more…