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

Powerdeal Energy: Lease Expiry After Plan Approval Not IBC Issue, NCLT Mumbai Rules

Powerdeal Energy: Lease Expiry After Plan Approval Not IBC Issue, NCLT Mumbai Rules

#IBC #NCLT

Powerdeal Energy: Lease Expiry After Plan Approval Not IBC Issue, NCLT Mumbai RulesIn a significant ruling that clarifies the jurisdictional limits of the insolvency tribunal post-resolution, theNational Company Law Tribunal (NCLT) Mumbai Bench has held that a dispute over handing over posses...

India - National Company Law Tribunal • Section 60(5) of the Insolvency and Bankruptcy Code, 2016 • 08 Sep 2026
NCLT Chennai Admits Insolvency Plea Filed By Wootu Nutrition Against Itself Under Section 10

NCLT Chennai Admits Insolvency Plea Filed By Wootu Nutrition Against Itself Under Section 10

#Section10 #IBC2016

NCLT Chennai Admits Insolvency Plea Filed By Wootu Nutrition Against Itself Under Section 10The National Company Law Tribunal (NCLT) at Chennai has admitted a voluntary insolvency petition filed byWootu Nutrition Private Limited, a chain of diet and nutrition clinics...

India - National Company Law Tribunal • Section 10 of the Insolvency and Bankruptcy Code, 2016 • 07 Sep 2026
NCLAT: Company Cannot Complain of Inadequate Service If Registered Office Non-Functional for Years

NCLAT: Company Cannot Complain of Inadequate Service If Registered Office Non-Functional for Years

#InsolvencyAndBankruptcyCode #NCLAT

NCLAT: Company Cannot Complain of Inadequate Service If Registered Office Non-Functional for YearsThe National Company Law Appellate Tribunal (NCLAT) at Delhi has dismissed an appeal by the suspended director of AS Infracon Pvt. Ltd., ruling that a company cannot claim

India - National Company Law Tribunal • Section 7 IBC, Limitation Act • 07 Sep 2026
Supreme Court: Penalties imposed on insolvent developer cannot be recovered from homebuyers as CIRP costs

Supreme Court: Penalties imposed on insolvent developer cannot be recovered from homebuyers as CIRP costs

#SupremeCourt #IBC #HomebuyersRights

Supreme Court: Penalties imposed on insolvent developer cannot be recovered from homebuyers as CIRP costsIn a landmark ruling that brings clarity to the interplay between theInsolvency and Bankruptcy Code (IBC)and the rights of homebuyers, theSupreme Court of Indiahas held that penalties impo...

India - Supreme Court • Recovery of penalties as CIRP costs under IBC • 05 Sep 2026
NCLT Dismisses Ernst & Young's Insolvency Plea Over Disputed Success Fee in GST Case

NCLT Dismisses Ernst & Young's Insolvency Plea Over Disputed Success Fee in GST Case

#IBC #PreExistingDispute

NCLT Dismisses Ernst & Young's Insolvency Plea Over Disputed Success Fee in GST CaseIn a significant ruling that underscores the importance of pre-existing disputes under theInsolvency and Bankruptcy Code (IBC), theNational Company Law Tribunal (NCLT), Chennai Bench, has dismissed a Section 9...

India - National Company Law Tribunal • Section 9 of Insolvency and Bankruptcy Code, 2016 • 05 Sep 2026
Subhash Chandra's 99.972% Haircut Plan Stayed as NCLT Finds No Majority Opinion

Subhash Chandra's 99.972% Haircut Plan Stayed as NCLT Finds No Majority Opinion

#IBC #InsolvencyLaw #PersonalGuarantee #NCLT #Haircut #Creditors

Subhash Chandra's 99.972% Haircut Plan Stayed as NCLT Finds No Majority OpinionIn a dramatic twist in the insolvency resolution of personal guarantees, the National Company Law Tribunal (NCLT) has stayed the controversial

India - National Company Law Tribunal • Resolution Plan for Personal Guarantees • 05 Sep 2026
NCLAT holds RP can revisit admitted claim if verification fails to establish debt

NCLAT holds RP can revisit admitted claim if verification fails to establish debt

#InsolvencyLaw #ClaimVerification

NCLAT holds RP can revisit admitted claim if verification fails to establish debtNCLAT upholds RP's power to re-examine claims, dismisses Somani Worsted's appeal for lack of independent financial debt.The Nation...

India - National Company Law Appellate Tribunal • Insolvency and Bankruptcy Code, 2016 - Verification of Claims • 05 Sep 2026
NCLAT Allows Ravikumar Patel's Appeal, Orders Clean Slate For ₹15 Crore Talwalkars Sale

NCLAT Allows Ravikumar Patel's Appeal, Orders Clean Slate For ₹15 Crore Talwalkars Sale

#IBCSection605 #GoingConcernSale

NCLAT Allows Ravikumar Patel's Appeal, OrdersClean SlateFor ₹15 Crore Talwalkars SaleTheNational Company Law Appellate Tribunal (NCLAT),Principal Bench, New Delhi, onSeptember 3, 2026, partly allowed an appeal by Ravikumar Gaurishankar Patel, the successful auction purchaser of Talwalkars Bet...

India - National Company Law Appellate Tribunal • Section 60(5) IBC, Clean Slate Theory • 05 Sep 2026
NCLAT Sets Aside Insolvency Admission Against Raja Udyog as Debt Falls Below ₹1 Crore

NCLAT Sets Aside Insolvency Admission Against Raja Udyog as Debt Falls Below ₹1 Crore

#IBC #DebtThreshold

NCLAT Sets Aside Insolvency Admission Against Raja Udyog as Debt Falls Below ₹1 CroreIn a significant ruling underscoring the importance of the statutory debt threshold under the Insolvency and Bankruptcy Code (IBC), the

India - National Company Law Appellate Tribunal • Section 7 of the Insolvency and Bankruptcy Code, 2016 • 05 Sep 2026
NCLAT Upholds Dismissal of Panshul Agro Food Insolvency Plea, Reduces Penalty to Rs 5 Lakh

NCLAT Upholds Dismissal of Panshul Agro Food Insolvency Plea, Reduces Penalty to Rs 5 Lakh

#IBC #NCLAT

NCLAT Upholds Dismissal of Panshul Agro Food Insolvency Plea, Reduces Penalty to Rs 5 LakhTheNational Company Law Appellate Tribunal (NCLAT)onAugust 25upheld the dismissal of Panshul Agro Food LLP's insolvency application underSection 10 of theInsolvency and Bankruptcy Code (IBC), while reduc...

India - National Company Law Appellate Tribunal • Section 10 IBC - Corporate Insolvency Resolution Process • 05 Sep 2026
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