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

NCLT Indore Dismisses Oswal Woollen Mills Insolvency Plea Against EKI Energy Services

NCLT Indore Dismisses Oswal Woollen Mills Insolvency Plea Against EKI Energy Services

#InsolvencyAndBankruptcyCode #NCLT

NCLT Indore Dismisses Oswal Woollen Mills Insolvency Plea Against EKI Energy ServicesTheIndore Bench of theNational Company Law Tribunal (NCLT)has dismissed aninsolvency petitionfiled byOswal Woollen Mills LtdagainstEKI Energy Services Ltd, ruling that agenuinepre-existing disputeover contrac...

India - National Company Law Tribunal • Pre-existing dispute under Section 9 of IBC • 14 Sep 2026
NCLT Mumbai Approves ₹1,611-Crore Resolution Plan For Gstaad Hotels, Dismisses Objections

NCLT Mumbai Approves ₹1,611-Crore Resolution Plan For Gstaad Hotels, Dismisses Objections

#IBC #ResolutionPlan

NCLT Mumbai Approves ₹1,611-Crore Resolution Plan For Gstaad Hotels, Dismisses ObjectionsThe Mumbai bench of theNational Company Law Tribunal(NCLT) has approved the ₹1,611-croreresolution plansubmitted byShree Naman Developers Private LimitedforGstaad Hotels Private Limited, the owner of the ...

India - National Company Law Tribunal • Section 31 of IBC, Approval of Resolution Plan • 12 Sep 2026
Honest Derivatives' Going Concern Sale Not Subject to Later Liquidation Amendment: NCLAT

Honest Derivatives' Going Concern Sale Not Subject to Later Liquidation Amendment: NCLAT

#IBC #LiquidationProcess

Honest Derivatives' Going Concern Sale Not Subject to Later Liquidation Amendment: NCLATTheNational Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has ruled that aliquidation processalready commenced cannot beretrospectivelyaltered by a subsequent regulatory amendment. Th...

India - National Company Law Appellate Tribunal • Liquidation Process Regulations, Section 33(2) IBC • 12 Sep 2026
Delhi Consumer Commission Orders Punjab and Sindh Bank to Pay ₹59,600 for Failed ATM Transaction

Delhi Consumer Commission Orders Punjab and Sindh Bank to Pay ₹59,600 for Failed ATM Transaction

#ConsumerLaw #ATMDispute

Delhi Consumer Commission Orders Punjab and Sindh Bank to Pay ₹59,600 for Failed ATM TransactionThe District Consumer Disputes Redressal Commission-VIII (Central), Delhi, has held Punjab and Sindh Bank liable for defici...

India - Consumer • Failed ATM Transaction • 12 Sep 2026
Supreme Court Issues Notice on Plea Against NCLAT Order on Deregistered NBFC's IBC Status

Supreme Court Issues Notice on Plea Against NCLAT Order on Deregistered NBFC's IBC Status

#IBC #SupremeCourt

Supreme Court Issues Notice on Plea Against NCLAT Order on Deregistered NBFC's IBC StatusTheSupreme Courton Thursday issued notice in a challenge to aNational Company Law Appellate Tribunal (NCLAT)ruling that refused to allow a deregistered non-banking financial company (NBFC) to initiate ins...

India - Supreme Court • Section 10 IBC and Definition of Corporate Person • 11 Sep 2026
NCLAT Upholds ₹4.37 Crore Liability on Linkson International Directors Over Round-Tripping

NCLAT Upholds ₹4.37 Crore Liability on Linkson International Directors Over Round-Tripping

#NCLAT #RoundTripping

NCLAT Upholds ₹4.37 Crore Liability on Linkson International Directors Over Round-TrippingThe National Company Law Appellate Tribunal (NCLAT) has confirmed a ₹4.37 crore contribution order against the suspended directors of

India - National Company Law Appellate Tribunal • Section 66 IBC • 11 Sep 2026
Borrower Cannot Use Lender Dispute to Block Insolvency: NCLT Kochi in AKS Cold Storage Case

Borrower Cannot Use Lender Dispute to Block Insolvency: NCLT Kochi in AKS Cold Storage Case

#InsolvencyLaw #CorporateInsolvency

Borrower Cannot Use Lender Dispute to Block Insolvency: NCLT Kochi in AKS Cold Storage CaseThe National Company Law Tribunal (NCLT) Kochi bench has admitted Indian Bank's insolvency petition against AKS Cold Storage Limited for a default of ₹40.48 crore, d...

India - National Company Law Tribunal • Initiation of Corporate Insolvency Resolution Process under Section 7 IBC • 11 Sep 2026
Patna High Court Rules Tata Motors Finance Cannot Enforce Ex-Parte Arbitral Award Without Court Order

Patna High Court Rules Tata Motors Finance Cannot Enforce Ex-Parte Arbitral Award Without Court Order

#ArbitrationAct #FundamentalRights

Patna High Court Rules Tata Motors Finance Cannot Enforce Ex-Parte Arbitral Award Without Court OrderIn a significant ruling reinforcing the primacy of procedural law, the Patna High Court has held that a Non-Banking Financial Company (NB...

India - High Court of Patna • Article 21 of the Constitution, Section 36 of the Arbitration and Conciliation Act • 11 Sep 2026
NCLT Allahabad Bench Rules Cloud Storage Leaseback Arrangement Is Financial Debt Under IBC

NCLT Allahabad Bench Rules Cloud Storage Leaseback Arrangement Is Financial Debt Under IBC

#FinancialLease #Section7IBC

NCLT Allahabad Bench Rules Cloud Storage Leaseback Arrangement IsFinancial DebtUnder IBCTheNational Company Law Tribunal (NCLT) Allahabad Benchhas delivered a significant ruling, holding that asale-and-leaseback arrangementinvolving cloud storage units qualifies as a "financial lease" under S...

India - National Company Law Appellate Tribunal • Section 7 IBC, Financial Lease, Ind AS 116 • 11 Sep 2026
NCLT Ahmedabad Rejects Insolvency Plea Against Sadbhav Engineering Over Settlement Breach Under Section 9 IBC

NCLT Ahmedabad Rejects Insolvency Plea Against Sadbhav Engineering Over Settlement Breach Under Section 9 IBC

#NCLT #InsolvencyAndBankruptcyCode

NCLT Ahmedabad Rejects Insolvency Plea Against Sadbhav Engineering Over Settlement Breach Under Section 9 IBCTheAhmedabad Bench of the National Company Law Tribunal(NCLT) has dismissed a petition filed by M/s. A.R. Company seeking to initiateCorporate Insolvency Resolution Process (CIRP)again...

India - National Company Law Appellate Tribunal • Section 9 IBC – Operational Debt • 11 Sep 2026
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