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 10, 2026 : The National Company Law Tribunal (NCLT), Kolkata Bench, has refused to allow the sale of Dooteriah & Kalej Valley Tea Private Limited as a “going concern” during liquidation proceedings, holding that the legal framework permitting such 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 8, 2026 : The National Company Law Tribunal has held that the decision on whether a corporate debtor should continue to occupy or vacate leased premises during the Corporate Insolvency Resolution Process (CIRP) or liquidation is a matter that Read more…
News Citation : 2026 LN (SC) 460 May 8, 2026 : The Supreme Court has dismissed an appeal filed by Dhanlaxmi Bank Limited and reaffirmed that the Insolvency and Bankruptcy Code, 2016 (IBC) cannot be invoked as a coercive mechanism 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…
April 24, 2026 : The Mumbai Bench-II of the National Company Law Tribunal (NCLT) has approved a ₹730 crore resolution plan for Rajesh Business and Leisure Hotels Private Limited, bringing a significant step forward in reviving a long-stalled hotel project Read more…
March 9, 2026 : The National Company Law Tribunal (NCLT), Chennai Bench, has approved a Scheme of Amalgamation involving four group entities ICL Financial Services Limited, ICL International Limited, ICL Securities Limited and India Cements Infrastructures Limited—with The India Cements Read more…
New Delhi, January 07, 2026 : The National Company Law Appellate Tribunal (NCLAT), New Delhi, has declined to set aside the initiation of insolvency proceedings against Ansal Properties and Infrastructure Limited, but has substantially restricted their scope. The appellate tribunal Read more…