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…
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 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…
May 6, 2026 : The National Company Law Tribunal (NCLT), Jaipur Bench, has held that the individual insolvency framework under the Insolvency and Bankruptcy Code, 2016 can be invoked only by or against personal guarantors to corporate debtors and not 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 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…
April 15, 2026 : The National Company Law Tribunal (NCLT), New Delhi, has refused to take on record a 60-page affidavit filed by Indian Bank in proceedings arising out of the corporate insolvency resolution process (CIRP) of M/s Nimitiya Hotel Read more…
April 9, 2026 : The National Company Law Appellate Tribunal (NCLAT), Chennai Bench has dismissed an appeal filed by GK Ispat Private Limited, reiterating that claims not filed within the prescribed timeline or lacking proper substantiation cannot be entertained at Read more…