Company Law : The article explains that eligible Government companies require Central Government approval under Sections 230–232. NCLT approva...
Company Law : The Tribunal held that its wide powers under Sections 241-242 and Rule 11 cannot override the mandatory conditions prescribed unde...
Fema / RBI : RBI amended the Cross Border Merger Regulations to replace NCLT-specific references with the broader term "Competent Authority." T...
Company Law : The MCA introduced a risk-based eligibility framework allowing more companies to access fast-track mergers. By replacing size crit...
Company Law : The case examined whether extending redemption timelines amounts to reissuance. The Tribunal held that extensions within statutory...
Corporate Law : The Supreme Court upheld joint insolvency proceedings against two interconnected real estate companies due to common management an...
Company Law : ICSI raised concerns over delays in NCLT hearings affecting corporate restructuring and insolvency matters. It emphasized the need...
Company Law : ICSI has urged the government to set up an NCLT Bench in Pune citing 30,600 pending cases and prolonged insolvency timelines. The ...
Company Law : With insolvency cases taking up to 853 days against the 330-day mandate, concerns over NCLT backlog have intensified. A new bench ...
Corporate Law : From 2022-23 to 2024-25, appeals filed at NCLAT rose steadily, with IBC cases forming the majority, reflecting active engagement i...
Company Law : NCLT retained the freeze on assets citing serious SFIO findings but ordered defreezing of the salary account and family members' a...
Corporate Law : NCLT admitted the Section 9 petition after holding that campaign-related emails did not constitute a genuine pre-existing dispute....
Corporate Law : NCLT Amaravati held that the corporate debtor's OTS proposals constituted acknowledgments of debt, giving rise to a fresh limitati...
Corporate Law : NCLT held that courts cannot interfere with CoC's commercial decisions where the resolution plan satisfies statutory requirements....
Corporate Law : NCLT held TReDS reverse factoring dues remained operational debt, not financial debt, making a Section 7 IBC insolvency petition n...
Corporate Law : The order permits single judicial members to handle procedural and uncontested matters. It ensures faster case disposal while pres...
Corporate Law : Details of Judicial and Technical Members assigned to NCLT benches across India as per the latest order issued by the Ministry of ...
Corporate Law : Read about the case involving Chetan Patel, an Insolvency Professional, with detailed analysis of alleged contraventions and submi...
Corporate Law : IBBI Disciplinary Committee suspends Sanjay Singh, an Insolvency Professional, for irregularities in the e-auction process. Detail...
Company Law : Explore the order dated 03.02.2024 from NCLT Chandigarh transferring all pending cases from Bench 2 to Bench 1. Detailed analysis ...
NCLT Ahmedabad held that application under section 7 of the Insolvency and Bankruptcy Code, 2016 [IBC] against Corporate Debtor [M/s. C M Smith and Sons Limited] for initiation of Corporate Insolvency Resolution Process [CIRP] admitted as debt as well as default is established by way of ledger confirmation.
NCLT Cuttack held that application under section 9 of the Insolvency and Bankruptcy Code for initiation of Corporate Insolvency Resolution Process [CIRP] against Corporate Debtor [ASB Energy Systems and Construction Pvt. Ltd.] is admitted as operational debt and default thereon is admitted.
NCLT Ahmedabad held that application under section 9 of the Insolvency and Bankruptcy Code [IBC] for initiation of Corporate Insolvency Resolution Process [CIRP] against Synergy Food and Agro Processors Private Limited [Corporate Debtor] admitted as operational debt and default thereon is admitted.
NCLT Prayagraj held that liquidation of Corporate Debtor [Garvit Innovative Promoters Ltd.] in terms of application filed under section 33(2) of the Insolvency and Bankruptcy Code admitted as approved in 7th CoC meeting. Accordingly, the present application is allowed.
NCLT Jaipur held that application under section 7 of the Insolvency and Bankruptcy Code [IBC] for initiation of Corporate Insolvency Resolution Process [CIRP] of ACCIL Corporation Pvt. Ltd. [Corporate Debtor] admitted as debt and default stands duly established.
NCLT Mumbai held that application for liquidation of Corporate Debtor [Multicity Hospitals LLP] in terms of section 33(2) of the Insolvency and Bankruptcy Code [IBC] is allowed as decided by members of CoC.
NCLT Mumbai held that Corporate Debtor Unitech Transformers Pvt. Ltd. is ordered to be liquidated in terms of provision of section 33(2) of the Insolvency and Bankruptcy Code as approved by members of CoC with 83.32% voting share.
NCLT Cuttack held that application under section 9 of the Insolvency and Bankruptcy Code for initiating Corporate Insolvency Resolution Process [CIRP] against Bhilai Jaypee Cement Limited [Corporate Debtor] is liable to be admitted since operational debt and default is proved.
NCLT Mumbai held that application under section 9 of the Insolvency and Bankruptcy Code for initiation of Corporate Insolvency Resolution Process (CIRP) against Cab-Eez Infra Tech Limited [Corporate Debtor] admitted as operational debt and default thereon established.
NCLT Ahmedabad held that application under section 9 of the Insolvency and Bankruptcy Code for initiation of Corporate Insolvency Resolution Process [CIRP] against Blu-Smart Mobility Tech Private Limited (Corporate Debtor) as operational debt and default in payment established.
