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

NCLT Approves Subhash Chandra Repayment Plan Despite 99.97% Haircut, Rejects Objections on Associate Vote

NCLT Approves Subhash Chandra Repayment Plan Despite 99.97% Haircut, Rejects Objections on Associate Vote

#IBC #PersonalGuarantor

NCLT Approves Subhash ChandraRepayment PlanDespite 99.97%Haircut, Rejects Objections onAssociateVoteIn a landmark ruling that resolves a sharp division within theNational Company Law Tribunal (NCLT), a third member has approved therepayment planofEssel Groupfounder Dr. Subhash Chandra, offeri...

India - National Company Law Appellate Tribunal • Section 79(2)(g) and Section 114 of the Insolvency and Bankruptcy Code, 2016 • 27 Aug 2026
‘Other Creditor’ Status Does Not Confer Right To Challenge Resolution Plan: NCLT Chandigarh

‘Other Creditor’ Status Does Not Confer Right To Challenge Resolution Plan: NCLT Chandigarh

#InsolvencyAndBankruptcyCode #NCLT

‘Other Creditor’ Status Does Not Confer Right To Challenge Resolution Plan: NCLT ChandigarhThe Chandigarh Bench of the National Company Law Tribunal (NCLT) has delivered a significant ruling on the limits of a cre...

India - National Company Law Tribunal • Maintainability of Application by Other Creditor under Section 60(5) IBC • 24 Aug 2026
Jet Airways Aircraft Sale Upheld by NCLAT; Ex-Employees' Dues Protected Under IBC Section 53

Jet Airways Aircraft Sale Upheld by NCLAT; Ex-Employees' Dues Protected Under IBC Section 53

#NCLAT #IBC

Jet Airways Aircraft Sale Upheld by NCLAT; Ex-Employees' Dues Protected Under IBC Section 53TheNational Company Law Appellate Tribunal (NCLAT)has dismissed an appeal filed by former employees ofJet Airways (India) Limited, who sought to challenge the sale of three Boeing 777-300ER aircraft du...

India - Consumer • Section 53 IBC, Sale of Assets in Liquidation, Section 35 IBC, Regulation 32 Liquidation Process Regulations • 24 Aug 2026
Rajasthan High Court Lays Down Proportionality Rules for Freezing Bank Accounts in Cyber Fraud

Rajasthan High Court Lays Down Proportionality Rules for Freezing Bank Accounts in Cyber Fraud

#CyberFraud #Proportionality

Rajasthan High Court Lays Down Proportionality Rules for Freezing Bank Accounts in Cyber FraudLandmark judgment mandates that entire bank accounts cannot be frozen indefinitely over small disputed transactions; orders must be reviewed and proportionate....

India - High Court of Rajasthan • Freezing of bank accounts under BNSS Sections 106 and 107 • 23 Aug 2026
NCLT Indore Upholds CoC's Commercial Wisdom, Dismisses Union Bank's Plea for Belated EOIs

NCLT Indore Upholds CoC's Commercial Wisdom, Dismisses Union Bank's Plea for Belated EOIs

#IBC #CommercialWisdom

NCLT Indore Upholds CoC's Commercial Wisdom, Dismisses Union Bank's Plea for Belated EOIsCommercial Wisdom Trumps Individual Concerns: NCLT Indore Rejects Union Bank's PleaThe National Company Law Tribunal ...

India - National Company Law Tribunal • Section 60(5) of IBC, Regulation 36A of CIRP Regulations • 22 Aug 2026
Mere Pendency of CIRP Does Not Bar RERA Recovery Actions: Karnataka High Court

Mere Pendency of CIRP Does Not Bar RERA Recovery Actions: Karnataka High Court

#IBC #RERA

Mere Pendency of CIRP Does Not Bar RERA Recovery Actions: Karnataka High CourtJustice Suraj Govindaraj of the Karnataka High Court dismissed a writ petition challenging a public auction notice issued to enforce a ...

India - High Court of Karnataka • Section 238 IBC Overriding Effect • 22 Aug 2026
NCLAT Allows 45-Day Extension for PIRP After In-Principle Approval of Repayment Plan

NCLAT Allows 45-Day Extension for PIRP After In-Principle Approval of Repayment Plan

#PIRP #InsolvencyAndBankruptcyCode

NCLAT Allows 45-Day Extension for PIRP After In-Principle Approval of Repayment PlanNew Delhi, 19 August 2026– The National Company Law Appellate Tribunal (NCLAT) has set aside an order of the Ahmedabad bench...

India - National Company Law Tribunal • Section 95 IBC, PIRP extension • 22 Aug 2026
Bombay High Court Upholds IBBI Regulatory Fee Under Regulation 31A on Resolution Plans

Bombay High Court Upholds IBBI Regulatory Fee Under Regulation 31A on Resolution Plans

#Regulation31A #IBBI

Bombay High Court Upholds IBBI Regulatory Fee Under Regulation 31A on Resolution PlansIn a significant verdict that reinforces the regulatory framework of the Insolvency and Bankruptcy Code (IBC), the Bombay High Court

India - High Court of Bombay • Validity of Regulation 31A of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 • 22 Aug 2026
Delhi High Court holds IBC amendment excluding personal guarantors from interim moratorium is retroactive

Delhi High Court holds IBC amendment excluding personal guarantors from interim moratorium is retroactive

#IBCAmendment #DelhiHighCourt

Delhi High Court holds IBC amendment excluding personal guarantors from interim moratorium is retroactiveThe Delhi High Court has delivered a landmark ruling on the application of the Insolvency and Bankruptcy Code (Amendm...

India - High Court of Delhi • Section 96 IBC, Interim Moratorium, Personal Guarantors • 22 Aug 2026
Late Insolvency Case Withdrawal: NCLT Imposes Rs 15 Lakh Cost on SpiceJet, Aviator ML 29641

Late Insolvency Case Withdrawal: NCLT Imposes Rs 15 Lakh Cost on SpiceJet, Aviator ML 29641

#IBC #NCLT

Late Insolvency Case Withdrawal: NCLT Imposes Rs 15 Lakh Cost on SpiceJet, Aviator ML 29641The National Company Law Tribunal (NCLT), New Delhi, on August 19, allowed Aviator ML 29641 to withdraw its insolvency petition against SpiceJet Li...

India - National Company Law Tribunal • Withdrawal of Insolvency Petition under Section 9 IBC • 22 Aug 2026
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