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 ...
The NCLT held that any registered member can seek restoration of a struck-off company under Section 252(3), irrespective of the extent of shareholding. It directed restoration after finding the application maintainable and within limitation.
NCLT Mumbai allowed the first motion application for the merger after noting the secured creditors’ consent and dispensed with their meetings. It directed meetings of equity shareholders and unsecured creditors before further consideration of the Scheme.
NCLT Chandigarh held that failure to hand over possession of plots or refund the amounts received from allottees constituted default under the IBC. It admitted the developer into CIRP after finding financial debt and default.
The NCLT approved the merger after finding that the Scheme complied with Sections 230 to 232 of the Companies Act and satisfied all statutory requirements. It also accepted undertakings addressing observations of the regulatory authorities.
NCLT Mumbai directed meetings of shareholders and unsecured creditors of the listed company while dispensing with meetings for other applicant companies due to unanimous written consents. The order lays down the procedural framework for considering the composite demerger and amalgamation scheme.
The NCLT held that a film co-production arrangement involving joint investment, shared control, and profit sharing did not create an operational debt under the IBC. It dismissed the Section 9 petition without examining limitation or set-off.
Tribunal directed convening of meetings of equity shareholders and unsecured creditors of the transferor company, dispensed with other meetings as prayed, and issued consequential directions regarding notices, advertisements, quorum, reporting and filing of the second motion petition for final approval of the scheme.
The NCLT noted that all shareholders of the Transferor Company and a substantial majority of unsecured creditors had consented to the Scheme. It allowed the application subject to issuance of notices and compliance with statutory directions.
The case concerned a request to release ₹9.15 crore held in a lien-marked DSRA despite an asset-freezing order. The Tribunal held that unresolved issues regarding approximately ₹166 crore in missing fixed deposits and the ongoing investigation required further scrutiny before permitting release.
NCLT Mumbai approved NSE Academy’s ₹241.32 crore selective capital reduction, allowing repayment of excess preference capital under Section 66 of the Companies Act.
