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

NCLT Guwahati Rules Unaccepted OTS Cannot Stall Liquidation Sale for Shree Sai Prakash Alloys

NCLT Guwahati Rules Unaccepted OTS Cannot Stall Liquidation Sale for Shree Sai Prakash Alloys

#IBC #Liquidation

NCLT Guwahati Rules Unaccepted OTS Cannot Stall Liquidation Sale for Shree Sai Prakash AlloysIn a significant ruling that reinforces thefinality of liquidation proceedings, theNational Company Law Tribunal (NCLT), Guwahati, has held that an unacceptedOne-Time Settlement (OTS)proposal made bef...

India - National Company Law Tribunal • Liquidation sale under IBC • 22 Sep 2026
Kerala High Court Rules Hotel Mythri Cannot Re-Litigate SARFAESI Grievance After Adverse DRT Order

Kerala High Court Rules Hotel Mythri Cannot Re-Litigate SARFAESI Grievance After Adverse DRT Order

#SARFAESI #ResJudicata #KeralaHighCourt

Kerala High Court Rules Hotel Mythri Cannot Re-Litigate SARFAESI Grievance After Adverse DRT OrderIn a significant ruling reinforcing the finality ofDebt Recovery Tribunal (DRT)orders under the SARFAESI Act, theKerala High Courton15 Septemberheld that a lessee who has already invoked the stat...

India - High Court of Kerala • SARFAESI Act, Section 17(4A), Section 35, Res Judicata • 22 Sep 2026
NCLT and NCLAT Are Government's Lifeline, Supreme Court Flags Infrastructure Crisis

NCLT and NCLAT Are Government's Lifeline, Supreme Court Flags Infrastructure Crisis

#NCLT #SupremeCourt #IBC #JudicialInfrastructure #CorporateLaw #TribunalReform

NCLT and NCLAT Are Government's Lifeline, Supreme Court Flags Infrastructure CrisisTheSupreme Court of Indiaon Monday made a strong observation that theNational Company Law Tribunal (NCLT)and theNational Company Law Appellate Tribunal (NCLAT)serve as the government’s “lifeline,” while express...

India - National Company Law Tribunal • NCLT Infrastructure • 21 Sep 2026
Oriental Insurance Cannot Deny JCB Naxal Attack Claim Over Helper License NCDRC

Oriental Insurance Cannot Deny JCB Naxal Attack Claim Over Helper License NCDRC

#InsuranceClaim #NaxalAttack

Oriental Insurance Cannot Deny JCB Naxal Attack Claim Over Helper License NCDRCThe National Consumer Disputes Redressal Commission (NCDRC), presided over by Justice A.P. Sahi and Member Bharatkumar Pandya, has firmly ruled that an insurer cannot repudiate a claim...

India - National Consumer Disputes Redressal Commission • Insurance Claim Repudiation • 21 Sep 2026
NCLAT Delhi Expands Standing: Complainants Are 'Persons Aggrieved' Under Section 220(7) IBC

NCLAT Delhi Expands Standing: Complainants Are 'Persons Aggrieved' Under Section 220(7) IBC

#IBC #NCLAT

NCLATDelhi ExpandsStanding: Complainants Are 'Persons Aggrieved' Under Section 220(7) IBCTheNational Company Law Appellate Tribunal (NCLAT), Delhi, has delivered a significant ruling affirming that a complainant whose complaint leads todisciplinary proceedingsagainst anInsolvency Professional...

India - National Company Law Appellate Tribunal • Section 220 IBC, Disciplinary Proceedings • 21 Sep 2026
NCLAT Upholds Rungta Mines Resolution Plan for NSL Nagapatnam Power, Dismisses Challenge

NCLAT Upholds Rungta Mines Resolution Plan for NSL Nagapatnam Power, Dismisses Challenge

#IBC #NCLAT #CorporateInsolvency #ResolutionPlan #CoC

NCLAT UpholdsRungta MinesResolution Planfor NSL Nagapatnam Power, Dismisses ChallengeIn a decisive ruling that underscores the procedural rigour of corporate insolvency proceedings, theNational Company Law Appellate Tribunal (NCLAT)has dismissed the challenge by suspended director Mandava Pra...

India - National Company Law Appellate Tribunal • Section 24 of IBC, CoC meetings, Resolution Plan approval • 21 Sep 2026
NCLT Kolkata Allows Homebuyer Alternative Flat or Full Refund After Invalid Cancellation

NCLT Kolkata Allows Homebuyer Alternative Flat or Full Refund After Invalid Cancellation

#IBC #HomebuyerRights

NCLTKolkata Allows Homebuyer Alternative Flat or Full Refund After Invalid CancellationIn a significant ruling that underscores the protections available to homebuyers under theInsolvency and Bankruptcy Code (IBC), theKolkata bench of the National Company Law Tribunal (NCLT) has held that a d...

India - National Company Law Tribunal • Homebuyer's Right to Alternative Flat or Refund under IBC • 21 Sep 2026
Successor RP cannot revisit earlier avoidance determination after failed resolution plan: NCLT

Successor RP cannot revisit earlier avoidance determination after failed resolution plan: NCLT

#IBC #NCLT

Successor RP cannot revisit earlieravoidance determinationafter failed resolution plan:NCLTTheNational Company Law Tribunal(NCLT) at Mumbai has delivered a significant ruling clarifying the limits of a successor Resolution Professional’s (RP) powers in a rerun Corporate Insolvency Resolution ...

India - National Company Law Tribunal • Avoidance Transactions under IBC • 21 Sep 2026
NCLAT Rules GNIDA and NOIDA Are Not Secured Creditors in Shubhkamna Buildtech Insolvency

NCLAT Rules GNIDA and NOIDA Are Not Secured Creditors in Shubhkamna Buildtech Insolvency

#IBC #SecuredCreditor

NCLAT Rules GNIDA and NOIDA Are Not Secured Creditors in Shubhkamna Buildtech InsolvencyIn a significant ruling on the classification of creditors under theInsolvency and Bankruptcy Code (IBC), theNational Company Law Appellate Tribunal (NCLAT), New Delhi, has dismissed appeals by theGreater ...

India - National Company Law Appellate Tribunal • Secured Creditor Status under IBC Section 3(31) • 21 Sep 2026
Karnataka High Court asks State to produce evidence linking LegalPay to WhatsApp marriage invite fraud

Karnataka High Court asks State to produce evidence linking LegalPay to WhatsApp marriage invite fraud

#CyberFraud #PaymentGatewayFraud

Karnataka High Courtasks State to produce evidence linkingLegalPayto WhatsApp marriage invite fraudTheKarnataka High Courthas directed theState governmentto submit all material evidence linking the payment gateway companyLegalPayto a sophisticated cyber fraud scheme that used fake marriage in...

India - High Court of Karnataka • Section 66 of IT Act, Section 318 of BNS, Quashing of FIR • 21 Sep 2026
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