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

Calcutta High Court Quashes Income-Tax Reassessment Against McNally Bharat Citing IBC Resolution Plan

Calcutta High Court Quashes Income-Tax Reassessment Against McNally Bharat Citing IBC Resolution Plan

#IBC #IncomeTax

Calcutta High CourtQuashes Income-Tax Reassessment Against McNally Bharat Citing IBC Resolution PlanIn a significant ruling that underscores the primacy of resolution plans under theInsolvency and Bankruptcy Code (IBC), theCalcutta High Courthas quashed income-tax reassessment proceedings ini...

India - High Court of Calcutta • Section 148A Income Tax Act and IBC Overriding Effect • 18 Sep 2026
Public Interest Prevails: Delhi High Court Overturns Stay Allowing NBFC Operations Despite RBI Cancellation

Public Interest Prevails: Delhi High Court Overturns Stay Allowing NBFC Operations Despite RBI Cancellation

#NBFC #RBIRegulation

Public Interest Prevails:Delhi High CourtOverturns Stay Allowing NBFC Operations Despite RBI CancellationA Division Bench of theDelhi High Courthas set aside an interim order that permittedReliant Credits (India) Limited, a non-deposit-taking Non-Banking Financial Company (NBFC), to continue ...

India - High Court of Delhi • Section 45-IA(6) of RBI Act, 1934 • 18 Sep 2026
Rishu Chaudhary vs Indian Overseas Bank: Rajasthan High Court Restores SARFAESI Appeal, Cites Article 300A

Rishu Chaudhary vs Indian Overseas Bank: Rajasthan High Court Restores SARFAESI Appeal, Cites Article 300A

#Article300A #SARFAESIAct

Rishu Chaudhary vsIndian Overseas Bank:Rajasthan High CourtRestores SARFAESI Appeal, Cites Article 300AIn a significant judgment that reinforces theconstitutional right to property, theRajasthan High Courthas held that denying a borrower the opportunity to approach theDebt Recovery Tribunal (...

India - High Court of Rajasthan • Article 300A of the Constitution of India • 18 Sep 2026
Delhi High Court Condoned 1600-Day Delay, Restored Super Bazar Petition Over Former Liquidator's Unauthorised Withdrawal

Delhi High Court Condoned 1600-Day Delay, Restored Super Bazar Petition Over Former Liquidator's Unauthorised Withdrawal

#OfficialLiquidator #RecallOfOrder

Delhi High CourtCondoned 1600-Day Delay, Restored Super Bazar Petition Over Former Liquidator's Unauthorised WithdrawalIn a significant ruling that underscores the boundaries of anOfficial Liquidator's authority, theDelhi High Courton15 September 2026restored awrit petitionfiled byThe Coopera...

India - High Court of Delhi • Recall of Order / Authority of Official Liquidator • 18 Sep 2026
Supreme Court Awards Rs 10 Lakh Compensation for Forceful Vehicle Repossession by Financier

Supreme Court Awards Rs 10 Lakh Compensation for Forceful Vehicle Repossession by Financier

#SupremeCourt #RightToLivelihood

Supreme Court Awards Rs 10 Lakh Compensation for Forceful Vehicle Repossession by FinancierIn a significant ruling that reinforces the limits ofself-help repossession, theSupreme Court of Indiaon Wednesday awarded ₹10 lakh in compensation to a truck owner whose vehicle was seized in the dead ...

India - Supreme Court • Article 21 • 17 Sep 2026
NCLT Chennai Initiates Insolvency Against Senthil Kumar, US-Based Personal Guarantor of PRC Hotels

NCLT Chennai Initiates Insolvency Against Senthil Kumar, US-Based Personal Guarantor of PRC Hotels

#PersonalGuarantor #IBC

NCLT Chennai Initiates Insolvency Against Senthil Kumar, US-Based Personal Guarantor of PRC HotelsThe National Company Law Tribunal (NCLT), Chennai, has admitted an insolvency petition against Senthil Kumar, a US-based personal guarantor

India - National Company Law Tribunal • Section 95 IBC • 16 Sep 2026
Supreme Court Warns Rajpal Yadav 'Not Acting' as It Extends Deposit Deadline by Two Weeks

Supreme Court Warns Rajpal Yadav 'Not Acting' as It Extends Deposit Deadline by Two Weeks

#SupremeCourt #ChequeBounce

Supreme Court Warns Rajpal Yadav 'Not Acting' as It Extends Deposit Deadline by Two WeeksTheSupreme Court of India, onSeptember 15, granted Bollywood actor Rajpal Naurang Yadav a final two-week extension to deposit ₹5 crore with the court registry, while simultaneously extending his protectio...

India - Supreme Court • Section 138 Negotiable Instruments Act • 16 Sep 2026
NCLT Delhi Dismisses IIFL Home Finance's Section 7 Petition Against MMC Realtech Over Personal Loan

NCLT Delhi Dismisses IIFL Home Finance's Section 7 Petition Against MMC Realtech Over Personal Loan

#Section7IBC #FinancialDebt

NCLT Delhi Dismisses IIFL Home Finance's Section 7 Petition Against MMC Realtech Over Personal LoanIn a significant ruling that underscores the limits of theInsolvency and Bankruptcy Code, theNational Company Law Tribunal (NCLT)in New Delhi has dismissed a Section 7 petition filed byIIFL Home...

India - National Company Law Tribunal • Financial Debt under Section 5(8) IBC • 16 Sep 2026
NCLT Ahmedabad Dismisses Benzo Chem's Insolvency Petition Against Aether Industries Over Quality Dispute

NCLT Ahmedabad Dismisses Benzo Chem's Insolvency Petition Against Aether Industries Over Quality Dispute

#Section9IBC #PreExistingDispute

NCLT Ahmedabad Dismisses Benzo Chem's Insolvency Petition Against Aether Industries Over Quality DisputeThe Ahmedabad Bench of the National Company Law Tribunal (NCLT) has dismissed an insolvency petition filed by Benzo Che...

India - National Company Law Tribunal • Operational Debt - Pre-Existing Dispute • 16 Sep 2026
Bombay High Court Upholds Impleadment of Patanjali Foods Despite IBC Resolution Plan

Bombay High Court Upholds Impleadment of Patanjali Foods Despite IBC Resolution Plan

#Impleadment #IBC

Bombay High Court Upholds Impleadment of Patanjali Foods Despite IBC Resolution PlanThe Nagpur Bench of the Bombay High Court has dismissed a writ petition filed byPatanjali Foods Limited...

India - High Court of Bombay • Impleadment in Labour Proceedings • 16 Sep 2026
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