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…
Tag: Financial Debt
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…
March 26, 2026 : The National Company Law Tribunal (NCLT), Chennai Bench, has ruled that the withdrawal of an insolvency application at the pre-admission stage does not preclude a creditor from filing a subsequent petition, even if explicit liberty to Read more…