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: NCLAT
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 Appellate Tribunal (NCLAT), New Delhi, has dismissed two appeals filed by personal guarantor Ashwani Kumar Oberoi seeking to restrain SARFAESI recovery proceedings and set aside an auction sale conducted by the State 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 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…
May 6, 2026 : The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) has upheld the rejection of an insolvency application filed against Indorama Ventures Yarns Private Limited under Section 9 of the Insolvency and Bankruptcy Code, Read more…
News Citation : 2026 LN (SC) 449 May 6, 2026 : In a significant ruling impacting thousands of stalled-project homebuyers, the Supreme Court has held that lands leased to subsidiary companies can be treated as assets connected to the holding Read more…
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…
April 22, 2026 : The National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi, has set aside an order of the National Company Law Tribunal (NCLT) which had substituted the Resolution Professional (RP) proposed by the Committee of Read more…