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Supreme Court Rules States Cannot Cite Financial Burden To Delay Judges Retiring At Sixty-Two
06 Aug 2026
Rajasthan High Court Demands Comprehensive Affidavit To Remove Encroachments Affecting Critical Ramgarh Dam Water Flow
06 Aug 2026
How Does Algorithmic Bias In Forest Governance Impact Adivasi Rights In Modern India Today?
06 Aug 2026
Christ University Pune Lavasa Hosts International Conference On Indian Knowledge Systems And Global Governance
06 Aug 2026
Bombay High Court Rules Pre-2015 Unilateral Arbitrator Appointments Valid if Contractually Authorized by Agreement
06 Aug 2026
Madras High Court orders TASMAC to issue bills for every liquor sale amid overcharging row
07 Aug 2026
Why Does Institutional Paralysis Persist Within India’s Lower Judiciary Recruitment Processes Across All State Boards?
07 Aug 2026
Ernst & Young Announces Applications for Senior Associate Role in Legal Practice
08 Aug 2026
Kerala High Court Salutes R. Rajesh's Supreme Sacrifice, Urges Vigilance in Kochi Flood Prevention
08 Aug 2026
Search Results for "Banking, Finance & Insolvency News | Supremetoday AI"
NCLT Approves Reliance Big Resolution Plan with 100% CoC Vote, Upholding Commercial Wisdom Principle under IBC S.30(6)
#InsolvencyLaw #ResolutionPlan #NCLT #NationalCompanyLawTribunal
Reliance Big Resolution Plan Gets Green Light from NCLT, Marking Successful CIRP ConclusionMumbai, India– The National Company Law Tribunal (NCLT), Mumbai Bench, has approved the resolution plan for Reliance Big Private Limited, a wind energy generator, paving the way for the company's reviva...
Security Deposit for Unmaterialized Lease Not Necessarily 'Financial Debt' Under IBC: NCLAT
#InsolvencyLaw #IBC #FinancialDebt #NationalCompanyLawAppellateTribunal
```markdownNCLAT: Security Deposit for Abandoned Lease Agreement Does Not Automatically Qualify as Financial DebtNew Delhi – February 13, 2025– The National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi, has ruled that a security deposit paid under a Memorandum of Understa...
NCLT's Approval of Resolution Plan Overturned: NCLAT Finds Material Irregularities and Misconduct by Resolution Professional under IBC, 2016
#IBC #NCLAT #ResolutionProfessional #NationalCompanyLawAppellateTribunal
NCLAT Overturns NCLT's Approvalof Resolution Plan: Resolution Professional's Misconduct CitedThe National Company Law Appellate Tribunal (NCLAT) has delivered a significant judgment inCompany Appeal (AT) (Ins) No. 916 of 2023, 792 of 2023 & 1034 of 2024, overturning the National Company Law ...
Proper Procedure Under SARFAESI Act Must Be Followed in Asset Recovery: Debts Recovery Appellate Tribunal, Chennai
#SARFAESI #DebtRecovery #LegalJudgment #DebtRecoveryAppellateTribunal
Court Upholds Asset Recovery Procedures Under SARFAESI ActOverview of the CaseIn a significant ruling on January 31, 2025, the Debts Recovery Appellate Tribunal (DRAT) in Chennai dismissed an appeal filed by Bhagyanagar Solvent Extraction Pvt. Ltd. against the Indian Renewable Energy Developm...
Liability of Insurer Upheld for Employees in Workmen's Compensation Case: Madras High Court
#WorkersCompensation #InsuranceLaw #MadrasHighCourt #MadrasHighCourt
Madras High Court Upholds Compensation for Deceased WorkersOverview of the CaseIn a significant ruling, the Madras High Court dismissed appeals filed by The Oriental Insurance Co. Ltd. against the orders of the Commissioner of Workmen’s Compensation, which mandated the insurer to pay compensa...
The approval of a Resolution Plan under the Insolvency and Bankruptcy Code extinguishes all pre-CIRP claims against the corporate debtor, preventing utility providers from demanding payment for dues incurred prior to the approval.
#InsolvencyLaw #CorporateDebtor #ElectricitySupply #NationalCompanyLawAppellateTribunal
Court Ruling on Corporate Insolvency: DVC vs. Mackeil Ispat & Forging Ltd.BackgroundIn a significant ruling, the National Company Law Appellate Tribunal (NCLAT) addressed the case ofDamodar Valley Corporation(DVC)versusMackeil Ispat & Forging Ltd.The dispute arose from DVC's demand for paymen...
The court upheld the use of the Swiss Challenge Mechanism for the sale of assets in liquidation, affirming that it maximizes value and is consistent with the principles of natural justice and transparency.
#InsolvencyLaw #SwissChallenge #CorporateLiquidation #NationalCompanyLawAppellateTribunal
Court Upholds Swiss Challenge Mechanism inEssar PowerLiquidation CaseBackgroundIn a significant ruling, the National Company Law Appellate Tribunal (NCLAT) dismissed an appeal by M/s Power Mech Projects Ltd. against the National Company Law Tribunal's (NCLT) order allowing the Liquidator ofEs...
The court ruled that the UCO Bank Consortium holds the first charge over the movable assets of the Corporate Debtor, and the Respondent's claim to an exclusive charge was invalid due to the absence of a No Objection Certificate from the UCO Bank Consortium.
#InsolvencyLaw #CorporateFinance #LegalJudgment #NationalCompanyLawAppellateTribunal
Court Rules on Priority of Charges inSunil HitechLiquidation CaseBackgroundIn a significant ruling, the National Company Law Appellate Tribunal (NCLAT) addressed the complex issue of asset charges in the liquidation ofSunil Hitechand Engineers Limited. The case arose from an appeal filed by A...
The enforceability of personal guarantees remains intact despite the resignation of the guarantor and the approval of a resolution plan for the corporate debtor, as long as the guarantees are irrevocable and unconditional.
#InsolvencyLaw #PersonalGuarantees #LegalJudgment #NationalCompanyLawAppellateTribunal
Court Upholds Enforceability of Personal Guarantees in Insolvency CaseCategory: Insolvency LawSub-Category: Personal GuaranteesSubject: State Bank of India vs.GourishankarPoddarBackgroundIn a significant ruling, the National Company Law Appellate Tribunal (NCLAT) addressed the enforceability ...
The assets of a subsidiary company cannot be treated as assets of the holding company in insolvency proceedings, and the resolution professional has no obligation to preserve the value of such subsidiary assets.
#InsolvencyLaw #CorporateLaw #LegalJudgment #NationalCompanyLawAppellateTribunal
Court Rules on Valuation of Subsidiary Assets in Insolvency CaseBackgroundIn a significant ruling, the National Company Law Appellate Tribunal (NCLAT) addressed the complexities surrounding the valuation of shares held by a subsidiary company, Educomp Asia Pacific Pte. Ltd. (EAPPL), in the co...
