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

Non-Existent Entity Cannot File Insolvency Petition: NCLT Ahmedabad Rejects Case Against Manpasand Beverages

Non-Existent Entity Cannot File Insolvency Petition: NCLT Ahmedabad Rejects Case Against Manpasand Beverages

#InsolvencyAndBankruptcyCode #Section9IBC

Non-Existent Entity Cannot File Insolvency Petition: NCLT Ahmedabad Rejects Case Against Manpasand BeveragesAhmedabad, August 2026— The National Company Law Tribunal (NCLT) Ahmedabad Bench has dismissed an insolvency petition filed by M/s. Annapurna Pet Privat...

India - National Company Law Tribunal • Section 9 of Insolvency and Bankruptcy Code, 2016 • 04 Sep 2026
Termination of CIRP Cannot Be Challenged When Order Also Grants Relief: Supreme Court

Termination of CIRP Cannot Be Challenged When Order Also Grants Relief: Supreme Court

#CIRP #SupremeCourt

Termination of CIRP Cannot Be Challenged When Order Also Grants Relief: Supreme CourtIn a succinct ruling, the Supreme Court dismissed a creditor’s challenge to the termination of a corporate insolvency resolution process, observing that it failed to understand h...

India - Supreme Court • Corporate Insolvency Resolution Process (CIRP) • 04 Sep 2026
Supreme Court Rules Banks Can Use SARFAESI for Loans Acquired from Non-Notified NBFCs

Supreme Court Rules Banks Can Use SARFAESI for Loans Acquired from Non-Notified NBFCs

#SARFAESIAct #SupremeCourt

Supreme Court Rules Banks Can Use SARFAESI for Loans Acquired from Non-Notified NBFCsIn a landmark ruling that clears the path for banks to recover dues from acquired loan portfolios, the Supreme Court of India on Wednesday held that a bank can invoke the provisi...

India - Supreme Court • SARFAESI Act, Assignment of Debt • 04 Sep 2026
Supreme Court Rules NOIDA Cannot Pass Developer's Delay Penalties to Homebuyers as CIRP Costs

Supreme Court Rules NOIDA Cannot Pass Developer's Delay Penalties to Homebuyers as CIRP Costs

#SupremeCourt #CIRPCosts

Supreme Court Rules NOIDA Cannot Pass Developer's Delay Penalties to Homebuyers as CIRP CostsIn a significant ruling that offers relief to hundreds of homebuyers trapped in stalled real estate projects, theSupreme Court of Indiahas held that time extension penalties imposed by theNew Okhla In...

India - Supreme Court • Corporate Insolvency Resolution Process (CIRP) costs under the Insolvency and Bankruptcy Code, 2016 • 04 Sep 2026
Subhash Chandra Challenges 5-Member NCLT Bench, Claims Vilification Over ₹6.5 Crore Plan

Subhash Chandra Challenges 5-Member NCLT Bench, Claims Vilification Over ₹6.5 Crore Plan

#InsolvencyLaw #NCLAT

Subhash Chandra Challenges 5-Member NCLT Bench, Claims Vilification Over ₹6.5 Crore PlanThepersonal insolvency proceedingsofZee Groupfounder Subhash Chandra took a dramatic turn before theNational Company Law Appellate Tribunal (NCLAT)on Wednesday, as his counsel argued that a proposedrepayme...

India - National Company Law Appellate Tribunal • Personal Guarantor Insolvency under IBC • 03 Sep 2026
Borivali Magistrate Court Sentences Kerala MLA Mani C Kappan to One Year for Cheque Bounce

Borivali Magistrate Court Sentences Kerala MLA Mani C Kappan to One Year for Cheque Bounce

#Section138 #ChequeBounce

Borivali Magistrate CourtSentences Kerala MLA Mani C Kappan to One Year for Cheque BounceIn a significant ruling that underscores the stringent enforcement of theNegotiable Instruments Act, 1881, theAdditional Metropolitan Magistrate’s Court in Borivali, Mumbai, on Tuesday sentenced Kerala’s ...

India - High Court of Bombay • Section 138 NI Act • 03 Sep 2026
NCLT Bengaluru freezes Byju's auctioned assets after K3 claims ₹150 crore sold for ₹16 crore

NCLT Bengaluru freezes Byju's auctioned assets after K3 claims ₹150 crore sold for ₹16 crore

#IBC #StatusQuo

NCLT Bengaluru freezes Byju's auctioned assets after K3 claims ₹150 crore sold for ₹16 croreThe Bengaluru bench of the National Company Law Tribunal (NCLT) has ordered a freeze on assets auctioned by the resolution professional (RP) of Think and Le...

India - National Company Law Tribunal • Interim Relief under IBC • 03 Sep 2026
Bombay High Court Grants Bail to Vishwanath Rao in CBI Bank Fraud Case Over Generic Allegations

Bombay High Court Grants Bail to Vishwanath Rao in CBI Bank Fraud Case Over Generic Allegations

#GenericAllegations #BailGranted

Bombay High Court Grants Bail to Vishwanath Rao in CBI Bank Fraud Case Over Generic AllegationsTheBombay High Courtgranted bail onAugust 25, 2026, to Vishwanath Devaraja Rao, a former Senior Vice President and Joint President of theReliance Communications group, in aCBIbank fraud case, holdin...

India - High Court of Bombay • Bail in Prevention of Corruption Act and IPC Fraud Cases • 02 Sep 2026
NCLAT to Hear Creditors' Challenge Over Subhash Chandra's ₹6.25 Crore Repayment Plan

NCLAT to Hear Creditors' Challenge Over Subhash Chandra's ₹6.25 Crore Repayment Plan

#IBC #NCLAT

NCLAT to Hear Creditors' Challenge Over Subhash Chandra's ₹6.25 Crore Repayment PlanTheNational Company Law Appellate Tribunal (NCLAT) is set to hear an urgent appeal bydissenting creditorsagainst theNational Company Law Tribunal's (NCLT) approval of Subhash Chandra'spersonal insolvencyrepaym...

India - National Company Law Appellate Tribunal • Personal Guarantor Insolvency under IBC • 01 Sep 2026
Jet Airways Workmen's PF Gratuity Dues: Supreme Court Refuses to Interfere with NCLAT Order

Jet Airways Workmen's PF Gratuity Dues: Supreme Court Refuses to Interfere with NCLAT Order

#Insolvency #SupremeCourt

Jet Airways Workmen's PF Gratuity Dues: Supreme Court Refuses to Interfere with NCLAT OrderIn a significant ruling that reinforces the protective shield around employees'statutory duesin insolvency proceedings, theSupreme CourtonAugust 31refused to interfere with aNational Company Law Appella...

India - Supreme Court • Section 36 and 53 of IBC – Treatment of PF, Gratuity Dues in Liquidation • 01 Sep 2026
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