News Updates
Madras High Court Upholds Penalty Waiver Under Section 80 For Financial Crisis In Service Tax
05 Aug 2026
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
Search Results for "Banking, Finance & Insolvency News | Supremetoday AI"
Purchaser of Industrial Unit with Assured Return Not a 'Financial Creditor' Under S. 5(8)(f) IBC: NCLT
#IBC #NCLT #FinancialCreditor
NCLT: Buyer of Industrial Unit with Assured Returns is an Investor, Not a Financial Creditor Under IBC Mumbai |The National Company Law Tribunal (NCLT), Mumbai Bench, has ruled that a company that purchased an industrial unit with a guaranteed monthly return scheme cannot be classified as a '...
Assets of Corporate Debtor Held Under Criminal Court's Indemnity Bond Form Part of Liquidation Estate Under S.36 IBC: NCLT
#IBC #LiquidationEstate #NCLT
NCLT Orders Director to Deposit ₹48 Lakhs Seized by CBI into Company's Liquidation Account Bengaluru:The National Company Law Tribunal (NCLT), Bengaluru Bench, has ruled that assets belonging to a company undergoing liquidation must be handed over to the liquidator, even if they are held by a...
Belated Claims by Ex-Employees Dismissed Post-CoC Approval of Resolution Plan: NCLT Cites Time-Bound Nature of IBC
#IBC #NCLT #CIRP
NCLT Dismisses Ex-Employees' Belated Claims, Upholds Sanctity of CIRP Timelines Mumbai:The National Company Law Tribunal (NCLT), Mumbai Bench, has dismissed applications from six former employees of ‘Indo Global Soft Solutions and Technologies Pvt. Ltd’, reinforcing the strict, time-bound nat...
CoC's Commercial Wisdom in Approving Resolution Plan is Paramount, Non-Disclosure of Individual Scores Not Fatal: NCLAT
#NCLAT #Insolvency #ResolutionPlan
NCLAT Upholds Resolution Plan, Reaffirms Primacy of CoC's Commercial Wisdom New Delhi- The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed by an unsuccessful resolution applicant, ruling that the non-communication of individual scores during the evaluation proces...
OTS Proposal For Time-Barred Debt Creates Fresh Contract Under S.25(3) Indian Contract Act, NCLT Admits S.7 IBC Petition
#NCLT #IBC #LimitationAct
NCLT Admits Insolvency Plea Against JS Designer Ltd., Rules OTS Proposal Revives Time-Barred Debt New Delhi:The National Company Law Tribunal (NCLT), New Delhi Bench, has initiated the Corporate Insolvency Resolution Process (CIRP) against M/s. JS Designer Limited, admitting a petition filed ...
Bank Cannot Unilaterally Reduce Interest Rate on Issued FDRs Citing Staff Benefit Rules: Allahabad High Court
#BankingLaw #PromissoryEstoppel #AllahabadHighCourt
Bank Cannot Unilaterally Reduce Interest Rate on Issued FDRs, Upholds 'Promissory Estoppel': Allahabad High Court Allahabad, India– In a significant ruling reinforcing depositor rights, the Allahabad High Court has held that a bank cannot unilaterally reduce the contracted rate of interest on...
Pending Challenge to CoC Constitution No Bar on Replacing Resolution Professional Under Section 27 IBC: NCLAT
#NCLAT #IBC #ResolutionProfessional
NCLAT Upholds CoC's Power to Replace RP Despite Pending Challenge to its Constitution New Delhi- The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed by a suspended director, affirming that a pending challenge to the constitution of a Committee of Creditors (CoC) ...
Insolvency Plea Filed by Search Pharma Against Vishal Mega Mart Admitted by NCLT
#NCLT #Insolvency #VishalMegaMart
NCLT Admits Insolvency Plea Against Vishal Mega Mart New Delhi:The National Company Law Tribunal (NCLT) has admitted an insolvency plea filed by Search Pharma Private Limited against retail giant Vishal Mega Mart Private Limited. The case, registered as C.P. (IB) - 206/2024, will now proceed ...
NCLT to Adjudicate on IA(I.B.C) - 3240/2025 in Guruanand Silk Mills Insolvency Case
#NCLT #Insolvency #CIRP
NCLT Takes Up Application in Guruanand Silk Mills Insolvency Proceedings MUMBAI– The National Company Law Tribunal (NCLT) has listed an interlocutory application, IA(I.B.C) - 3240/2025, for hearing. The application involves a dispute between Dipesh Silk Mills Private Limited and Krishna Chama...
Contractual Cure Period Extending into Sec 10A Period Doesn't Shield Pre-Existing Default: NCLAT
#IBC #NCLAT #Section10A
NCLAT Upholds Insolvency Proceedings Against Majestic Hotels, Clarifies Scope of Section 10A Protection New Delhi– The National Company Law Appellate Tribunal (NCLAT), in a significant ruling, has dismissed an appeal filed by the suspended director of Majestic Hotels Limited, upholding the in...
