Tag: IBC latest news

NCLT Kolkata admits insolvency proceedings against a personal guarantor, clarifying limitation and guarantor liability under IBC.

Editor Commissions, Forums & Tribunals June 19, 2026

June 18, 2026 : The National Company Law Tribunal (NCLT), Kolkata Bench, has admitted an insolvency resolution application against Santosh Jhawar, the personal guarantor of Burgundy Life Style Pvt. Ltd., holding that acknowledgements of debt made by the principal borrower Read more…

NCLT Refuses Perjury Action Against Operational Creditor, Says Every Omission in Pleadings Does Not Warrant Prosecution

Editor Commissions, Forums & Tribunals June 2, 2026

NCLT National Company Law Tribunal India

June 1, 2026 :The National Company Law Tribunal (NCLT), New Delhi Bench, has dismissed an application seeking perjury proceedings against an operational creditor, holding that not every omission or defect in pleadings amounts to an offence of giving false evidence. Read more…