Search Results for "Banking, Finance & Insolvency News | Supremetoday AI"

NCLAT Closes Insolvency Process Against Shalfeyo Industries Despite Section 12A Compliance Failure

NCLAT Closes Insolvency Process Against Shalfeyo Industries Despite Section 12A Compliance Failure

#CIRP #Section12A

NCLAT Closes Insolvency Process Against Shalfeyo Industries Despite Section 12A Compliance FailureIn a pragmatic ruling, theNational Company Law Appellate Tribunal (NCLAT)has closed theCorporate Insolvency Resolution Process (CIRP)ofShalfeyo Industries Private Limited, even though thestatutor...

India - National Company Law Appellate Tribunal • Section 12A of the Insolvency and Bankruptcy Code, 2016; Regulation 30A of the CIRP Regulations, 2016 • 10 Sep 2026
Sanjeevini Medlife Hospitals' Revival Plan Worth ₹18.63 Crore Gets NCLT Bengaluru Nod

Sanjeevini Medlife Hospitals' Revival Plan Worth ₹18.63 Crore Gets NCLT Bengaluru Nod

#ResolutionPlan #IBCCode

Sanjeevini Medlife Hospitals' Revival Plan Worth ₹18.63 Crore Gets NCLT Bengaluru NodIn a significant development for the healthcare MSME sector, theNational Company Law Tribunal (NCLT), Bengaluru, has approved aresolution planworth ₹18.63 crore for Sanjeevini Medlife Hospitals (India) Privat...

India - National Company Law Appellate Tribunal • Resolution Plan Approval under Section 30(6) IBC • 10 Sep 2026
CESTAT Chennai Disposes Reliance Communications' Customs Appeal Citing Approved NCLT Resolution Plan

CESTAT Chennai Disposes Reliance Communications' Customs Appeal Citing Approved NCLT Resolution Plan

#IBC #CESTAT

CESTAT Chennai Disposes Reliance Communications' Customs Appeal Citing Approved NCLT Resolution PlanA two-member bench of theCustoms, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai Regional Bench, has disposed of a customs appeal filed byReliance Communications Infrastructure Lim...

India - Latest News • Section 31 of the Insolvency and Bankruptcy Code, 2016 • 10 Sep 2026
Supreme Court Exempts Rajpal Yadav from Surrender in Cheque Bounce Cases for Rs 5 Crore

Supreme Court Exempts Rajpal Yadav from Surrender in Cheque Bounce Cases for Rs 5 Crore

#ChequeBounce #SupremeCourt

Supreme CourtExempts Rajpal Yadav from Surrender in Cheque Bounce Cases for Rs 5 CroreTheSupreme Courton Tuesday granted actor Rajpal Yadav aninterim reprievefrom surrendering to serve his three-monthsimple imprisonmentin seven cheque bounce cases, subject to the condition that he deposits ₹5...

India - Supreme Court • Section 138 Cheque Bounce • 09 Sep 2026
Stalled Sushant Aquapolis Project: Supreme Court Directs GDA to Sanction Resolution Plan After Road Access

Stalled Sushant Aquapolis Project: Supreme Court Directs GDA to Sanction Resolution Plan After Road Access

#IBC #ResolutionPlan

Stalled Sushant Aquapolis Project: Supreme Court Directs GDA toSanctionResolution PlanAfter Road AccessIn a significant boost for home buyers, theSupreme Court of Indiahas cleared the way for implementing theresolution planfor the stalled 'Sushant Aquapolis' group housing project in Ghaziabad...

India - Supreme Court • Section 31 IBC • 09 Sep 2026
Insurance Company Bound To Pay Bank For Dacoity Loss After Accepting Premium Despite Known Lapses

Insurance Company Bound To Pay Bank For Dacoity Loss After Accepting Premium Despite Known Lapses

#PromissoryEstoppel #InsuranceClaim

Insurance Company Bound To Pay Bank ForDacoityLoss After Accepting Premium Despite Known LapsesIn a significant ruling that underscores the binding nature of insurance contracts, theRajasthan High Courthas held that an insurance company cannot repudiate a claim fordacoityloss after accepting ...

India - High Court of Rajasthan • Promissory Estoppel • 08 Sep 2026
Bombay High Court Quashes IBBI Suspension of Insolvency Professional Jitender Kumar Jain Over Extraneous SCN

Bombay High Court Quashes IBBI Suspension of Insolvency Professional Jitender Kumar Jain Over Extraneous SCN

#IBBI #BombayHighCourt

Bombay High CourtQuashes IBBI Suspension of Insolvency Professional Jitender Kumar Jain Over Extraneous SCNIn a significant ruling that underscores the limits of a regulator's power, theBombay High Courthas quashed a three-month suspension imposed by theInsolvency and Bankruptcy Board of Indi...

India - High Court of Bombay • Section 219 IBC, Show Cause Notice, Natural Justice • 08 Sep 2026
NCLT Indore Dismisses Colama Commercial's Intervention Plea, Says IBC Bars Third Party at Pre-Admission Stage

NCLT Indore Dismisses Colama Commercial's Intervention Plea, Says IBC Bars Third Party at Pre-Admission Stage

#IBC #NCLT

NCLT Indore Dismisses Colama Commercial's Intervention Plea, Says IBC Bars Third Party atPre-Admission StageTheIndore Bench of the National Company Law Tribunal(NCLT) has firmly rejected anintervention applicationfiled byColama Commercial Co. Ltd., holding that theInsolvency and Bankruptcy Co...

India - National Company Law Tribunal • Intervention Application • 08 Sep 2026
Allahabad High Court Rules No Hearing for Borrower During Section 14 SARFAESI Act Proceedings

Allahabad High Court Rules No Hearing for Borrower During Section 14 SARFAESI Act Proceedings

#SARFAESIAct #AllahabadHighCourt

Allahabad High Court Rules No Hearing for Borrower During Section 14 SARFAESI Act ProceedingsAllahabad High CourtHolds Borrower Has No Right to Hearing Before District Magistrate in SARFAESI Possession ProceedingsTheAllahabad High Courthas firmly ruled that a borrower cannot demand a hearing ...

India - High Court of Allahabad • SARFAESI Act Section 14 – Assistance to secured creditor • 08 Sep 2026
Practising Chartered Accountants Eligible To Submit Resolution Plans Under IBC: NCLAT Delhi

Practising Chartered Accountants Eligible To Submit Resolution Plans Under IBC: NCLAT Delhi

#IBC #ResolutionPlan #CharteredAccountant

Practising Chartered Accountants Eligible To Submit Resolution Plans Under IBC: NCLAT DelhiTheNational Company Law Appellate Tribunal (NCLAT), Delhi, has settled a significant question under theInsolvency and Bankruptcy Code (IBC), holding that a practising Chartered Accountant cannot be trea...

India - National Company Law Appellate Tribunal • Section 29A IBC – Eligibility of Resolution Applicant • 08 Sep 2026
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