Tag: NCLT judgment 2026

NCLT Chennai Rejects TIIC Plea to Recall Approved Scheme; Promoter Buyout Not ‘Disinvestment’ Under Companies Act

Team Law Notify Commissions, Forums & Tribunals April 3, 2026

NCLT _ National Company Law Tribunal _ LawNotify

April 2, 2026 : The Chennai Bench of the National Company Law Tribunal (NCLT) has dismissed an application filed by Tamilnadu Industrial Investment Corporation Limited (TIIC) seeking recall or modification of an already sanctioned scheme of arrangement involving India Forge Read more…

NCLT Indore: Restricting CIRP Negotiations to H1, H2 Bidders Not Arbitrary If Based on RFRP

Team Law Notify Commissions, Forums & Tribunals March 28, 2026

March 27, 2026 : The Indore Bench of the National Company Law Tribunal (NCLT) has ruled that limiting negotiations in a Corporate Insolvency Resolution Process (CIRP) to higher-ranked bidders is not arbitrary when such a restriction is clearly provided in Read more…