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

NCLT Refuses to Order Release of ED-Attached Assets in MBS Impex Liquidation

NCLT Refuses to Order Release of ED-Attached Assets in MBS Impex Liquidation

#PMLA #InsolvencyLaw

NCLT Refuses to Order Release of ED-Attached Assets in MBS Impex LiquidationHyderabad, September 7– TheNational Company Law Tribunal (NCLT), Hyderabad Bench, has ruled that it cannot direct the release of assets attached by theEnforcement Directorate (ED)in the liquidation ofMBS Impex Private...

India - National Company Law Tribunal • Liquidation and Attachment under PMLA • 15 Sep 2026
NCLT Delhi Dismisses CIRP Plea Against WAPCOS Over Pre-existing Dispute on Survey Work

NCLT Delhi Dismisses CIRP Plea Against WAPCOS Over Pre-existing Dispute on Survey Work

#IBC #PreExistingDispute

NCLT Delhi Dismisses CIRP Plea Against WAPCOS Over Pre-existing Dispute on Survey WorkIntroductionThe National Company Law Tribunal (NCLT), New Delhi Bench, Court-V, has dismissed a petition seeking initiation of Corporate Insolvency Resolut...

India - National Company Law Tribunal • Pre-existing Dispute under Section 9 of the Insolvency and Bankruptcy Code, 2016 • 15 Sep 2026
NCLAT Chennai Sets Aside NCLT Order, Directs Admission of Posco International's IBC Petition

NCLAT Chennai Sets Aside NCLT Order, Directs Admission of Posco International's IBC Petition

#IBC #NCLAT

NCLAT Chennai Sets Aside NCLT Order, Directs Admission of Posco International's IBC PetitionThe National Company Law Appellate Tribunal (NCLAT), Chennai, has delivered a significant ruling clarifying that an arbitration clause in a contra...

India - National Company Law Appellate Tribunal • Section 9 IBC - Operational Creditor • 15 Sep 2026
Spenta Enclave Resolution Plan Cannot Be Forced to Include Homebuyer Refund Rights: NCLT Mumbai

Spenta Enclave Resolution Plan Cannot Be Forced to Include Homebuyer Refund Rights: NCLT Mumbai

#IBC #RERA

Spenta Enclave Resolution Plan Cannot Be Forced to Include Homebuyer Refund Rights: NCLT MumbaiTheNational Company Law Tribunal (NCLT), Mumbai, has ruled that a resolution plan for the insolvent developerSpenta Enclave Private Limitedcannot be compelled to incorporate individual homebuyers' r...

India - National Company Law Tribunal • Insolvency and Bankruptcy Code, 2016 - Resolution Plan - RERA Conflict • 15 Sep 2026
Borrower Has Concurrent Remedy Under Section 30 Against Auction Confirmation: Allahabad HC

Borrower Has Concurrent Remedy Under Section 30 Against Auction Confirmation: Allahabad HC

#RDDBFIAct #AuctionConfirmation

Borrower Has Concurrent Remedy Under Section 30 Against Auction Confirmation: Allahabad HCIn a significant ruling that clarifies the appellate remedies available to borrowers under theRecovery of Debts Due to Banks and Financial Institutions (RDDBFI) Act, 1993, theAllahabad High Courthas held...

India - High Court of Allahabad • Section 30 of RDDBFI Act • 15 Sep 2026
PayU Payments Gets Interim Relief From Delhi High Court in Visa IRF Dispute

PayU Payments Gets Interim Relief From Delhi High Court in Visa IRF Dispute

#Section24PSSAct #DelhiHighCourt

PayU Payments Gets Interim Relief From Delhi High Court in Visa IRF DisputeInterim Shield for PayU: Court Stops IRF DeductionsThe Delhi High Court on September 14 granted

India - High Court of Delhi • Section 24 Payment and Settlement Systems Act, 2007 • 15 Sep 2026
Patna High Court Quashes Canara Bank's SARFAESI Sale Over Guarantor's Flat After Loan Restructuring

Patna High Court Quashes Canara Bank's SARFAESI Sale Over Guarantor's Flat After Loan Restructuring

#SARFAESI #GuarantorLiability

Patna High CourtQuashesCanara Bank's SARFAESI Sale OverGuarantor's Flat After Loan RestructuringIn a significant ruling that reinforces the rights of guarantors, thePatna High Courthas quashed the sale of a former MP's flat byCanara Bankunder theSecuritisation and Reconstruction of Financial ...

India - High Court of Patna • SARFAESI Act, Guarantor Liability, Loan Restructuring • 15 Sep 2026
Supreme Court in Davis Koottala Varkey Restrains Writs Against Appealable NCLT Orders

Supreme Court in Davis Koottala Varkey Restrains Writs Against Appealable NCLT Orders

#IBC #SupremeCourt

Supreme Court in Davis Koottala Varkey Restrains Writs Against Appealable NCLT OrdersIn a decision that settles one of the most persistent friction points between constitutional remedies and the insolvency framework, the Supreme Court of India has held that where an order of th...

India - Supreme Court • Section 61 IBC / Alternative Remedy • 14 Sep 2026
Indian Overseas Bank Wins Priority Over Government Dues: Bombay High Court Quashes Land Auction Sale

Indian Overseas Bank Wins Priority Over Government Dues: Bombay High Court Quashes Land Auction Sale

#SARFAESIAct #SecuredCreditorPriority

Indian Overseas Bank Wins Priority Over Government Dues: Bombay High Court Quashes Land Auction SaleIn a significant ruling reinforcing the primacy of secured creditors under theSARFAESI Act, theBombay High Courthas quashed a state-conducted auction of land that was already mortgaged toIndian...

India - High Court of Bombay • Priority of Secured Creditor under SARFAESI Act • 14 Sep 2026
NCLT Dismisses Jet Airways Liquidator's $92M Refund Claim Against Boeing Over Aircraft Deal

NCLT Dismisses Jet Airways Liquidator's $92M Refund Claim Against Boeing Over Aircraft Deal

#NCLT #IBC

NCLT Dismisses Jet Airways Liquidator's $92M Refund Claim Against Boeing Over Aircraft DealTheMumbai Bench of theNational Company Law Tribunal (NCLT)has dismissed a plea filed by the Liquidator ofJet Airways (India) Limitedseeking a refund of approximately $92.129 million in advance payments ...

India - National Company Law Tribunal • Section 60(5) of the Insolvency and Bankruptcy Code, 2016 • 14 Sep 2026
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