June 19, 2026 : In a significant ruling under the Insolvency and Bankruptcy Code, 2016 (IBC), the National Company Law Tribunal (NCLT), Jaipur Bench, has held that a Resolution Professional (RP) appointed in insolvency proceedings against a personal guarantor cannot Read more…
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…
June 2, 2026 : In a significant ruling on the liability of personal guarantors under the Insolvency and Bankruptcy Code, 2016 (IBC), the National Company Law Appellate Tribunal (NCLAT), Chennai Bench, has dismissed an appeal filed by Raiz Bashirudeen and Read more…
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…
May 26, 2026 : The National Company Law Appellate Tribunal (NCLAT) has set aside a National Company Law Tribunal (NCLT) order that had threatened senior lender banks with civil imprisonment for allegedly failing to release rolled-over bank guarantee and letter 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 (NCLAT) has upheld insolvency proceedings against personal guarantors Amit Bhatnagar and Sumit Bhatnagar in connection with the debts of Diamond Power Transformers Ltd. (DPTL), ruling that approval of a resolution 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…