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 15, 2026 : In a significant ruling reinforcing the sanctity of approved resolution plans under the Insolvency and Bankruptcy Code (IBC), the National Company Law Tribunal (NCLT), Bengaluru Bench, has directed Kotak Mahindra Bank to hand over the original Read more…
June 11, 2026 : The National Company Law Tribunal (NCLT), Mumbai Bench, has admitted a corporate insolvency resolution process (CIRP) petition filed by Canara Bank against HK Toll Road Private Limited, a Reliance Infrastructure-promoted special purpose vehicle engaged in the 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…
May 25, 2026 : The National Company Law Appellate Tribunal (NCLAT) has upheld the withdrawal of corporate insolvency resolution proceedings (CIRP) initiated against West Bengal Agro Textile Corporation Limited, ruling that the withdrawal was carried out in accordance with the 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 7, 2026 : The National Company Law Appellate Tribunal (NCLAT) has upheld the Corporate Insolvency Resolution Process (CIRP) initiated against M.D. Devcon Private Limited and ruled that allottees who cancel their allotment and seek refund with interest cease to Read more…
May 4, 2026 : The Kolkata Bench of the National Company Law Tribunal has held that directors of a suspended board are not entirely barred from approaching the adjudicating authority during the Corporate Insolvency Resolution Process (CIRP), especially in cases Read more…
News Citation : 2026 LN (SC) 423 April 28, 2026 : In a significant ruling clarifying the scope of “financial debt” under the Insolvency and Bankruptcy Code, 2016 (IBC), the Supreme Court has held that liabilities arising from corporate guarantees Read more…