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

NCLAT Holds Resolution Applicant's Death Before Plan Approval Not Ground for Liquidation, Revives Genius Exports CIRP

NCLAT Holds Resolution Applicant's Death Before Plan Approval Not Ground for Liquidation, Revives Genius Exports CIRP

#NCLAT #IBC

NCLAT Holds Resolution Applicant's Death Before Plan Approval Not Ground for Liquidation, Revives Genius Exports CIRPNCLAT RulesDeath of Resolution Applicant Not a Ground forLiquidation; Directs Consideration ofSettlement WithdrawalIn a landmark ruling that fills ajurisprudential voidin insol...

India - National Company Law Appellate Tribunal • Section 33(1) IBC, Section 12A IBC • 11 Sep 2026
North Life Spaces' Without Prejudice Deposit Not Admission Of Debt In IBC Section 7: NCLAT

North Life Spaces' Without Prejudice Deposit Not Admission Of Debt In IBC Section 7: NCLAT

#WithoutPrejudice #IBCSection7

North Life Spaces' Without Prejudice Deposit Not Admission Of Debt In IBC Section 7: NCLATTheNational Company Law Appellate Tribunal (NCLAT)has delivered a significant ruling clarifying that a deposit made expressly "without prejudice" to a debtor's rights and contentions cannot, by itself, b...

India - National Company Law Appellate Tribunal • Section 7 IBC - Initiation of Corporate Insolvency Resolution Process • 11 Sep 2026
Personal Guarantor Insolvency Case Must Be Filed Where Corporate Debtor CIRP Pending: NCLAT

Personal Guarantor Insolvency Case Must Be Filed Where Corporate Debtor CIRP Pending: NCLAT

#PersonalGuarantorInsolvency #NCLAT

Personal Guarantor Insolvency Case Must Be Filed Where Corporate Debtor CIRP Pending: NCLATNCLAT quashes Section 95 proceedings against personal guarantor initiated beforeNCLT New Delhi, holding that the mandatory provisions of Section 60(2) IBC require such applications to be filed before th...

India - National Company Law Appellate Tribunal • Section 60(2) of the Insolvency and Bankruptcy Code, 2016 • 11 Sep 2026
NCLAT Delhi: Clean Slate Protection Under Section 32A IBC Extends to Liquidation Buyers

NCLAT Delhi: Clean Slate Protection Under Section 32A IBC Extends to Liquidation Buyers

#Section32A #IBC

NCLAT Delhi: Clean Slate Protection Under Section 32A IBC Extends to Liquidation BuyersTheNational Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi, has ruled that buyers who acquire a corporate debtor as agoing concernduring liquidation are entitled to the "clean slate" immu...

India - National Company Law Appellate Tribunal • Section 32A of the Insolvency and Bankruptcy Code, 2016 • 11 Sep 2026
Supreme Court Rules Limitation for IBC Appeal Runs from NCLAT Order, Not Certified Copy Date

Supreme Court Rules Limitation for IBC Appeal Runs from NCLAT Order, Not Certified Copy Date

#Section62IBC #LimitationPeriod

Supreme Court Rules Limitation for IBC Appeal Runs from NCLAT Order, Not Certified Copy DateTheSupreme Courthas delivered an important clarification on how thelimitation periodfor appeals under theInsolvency and Bankruptcy Code (IBC)is calculated. A Division Bench of Justice Manoj Misra and J...

India - Supreme Court • Section 62 Insolvency and Bankruptcy Code, 2016 • 11 Sep 2026
Supreme Court Declines to Interfere With NCLAT Ruling That IRP Remuneration Is Justiciable

Supreme Court Declines to Interfere With NCLAT Ruling That IRP Remuneration Is Justiciable

#InsolvencyLaw #IBC

Supreme CourtDeclines to Interfere With NCLAT Ruling That IRP Remuneration IsJusticiableTheSupreme Courthas declined to interfere with a significantNational Company Law Appellate Tribunal (NCLAT)ruling that a Committee of Creditors' (CoC) decision fixing an Interim Resolution Professional's (...

India - Supreme Court • Justiciability of Committee of Creditors Decisions • 10 Sep 2026
Mahindra & Mahindra Financial Services Wins Partial Relief: NCLT Orders Return of 10 Leased EVs

Mahindra & Mahindra Financial Services Wins Partial Relief: NCLT Orders Return of 10 Leased EVs

#InsolvencyAndBankruptcyCode #CIRP

Mahindra & Mahindra Financial Services Wins Partial Relief: NCLT Orders Return of 10 Leased EVsTheAhmedabad bench of theNational Company Law Tribunal (NCLT) on20 August 2026partly allowed an application byMahindra & Mahindra Financial Services Limited (MMFSL)seeking possession of 17 electric ...

India - National Company Law Tribunal • Section 60(5) of IBC, Section 14 Moratorium • 10 Sep 2026
UCO Bank's Second Insolvency Petition Barred by Interim Moratorium Under Section 96: NCLT Guwahati

UCO Bank's Second Insolvency Petition Barred by Interim Moratorium Under Section 96: NCLT Guwahati

#Section96 #PersonalGuarantor

UCO Bank's Second Insolvency Petition Barred byInterim MoratoriumUnder Section 96: NCLT GuwahatiTheNational Company Law Tribunal (NCLT) at Guwahatidelivered a significant ruling on14 August 2026, holding that theinterim moratoriumunderSection 96 of theInsolvency and Bankruptcy Code (IBC)prote...

India - National Company Law Appellate Tribunal • Section 96 of Insolvency and Bankruptcy Code, 2016 • 10 Sep 2026
NCLT Chennai dismisses insolvency plea against Veremax Technologie over loan to director

NCLT Chennai dismisses insolvency plea against Veremax Technologie over loan to director

#FinancialDebt #NCLT

NCLT Chennai dismisses insolvency plea against Veremax Technologie over loan to directorA loan directly transferred to a director's personal bank account cannot be treated as afinancial debtof the company in the absence of proof that the borrowing was undertaken by the corporate entity itself...

India - National Company Law Appellate Tribunal • Section 7 of IBC, 2016 • 10 Sep 2026
Debpara Tea Company Cannot Seek MSME Revival Benefit After SARFAESI Action: Calcutta High Court

Debpara Tea Company Cannot Seek MSME Revival Benefit After SARFAESI Action: Calcutta High Court

#MSMERevival #SARFAESIAct

Debpara Tea Company Cannot Seek MSME Revival Benefit AfterSARFAESI Action:Calcutta High CourtTheCalcutta High Courthas ruled that a micro, small or medium enterprise (MSME) cannot invoke the benefit of theFramework forRevival and Rehabilitationof MSMEsafter the bank has initiatedenforcement a...

India - High Court of Calcutta • MSME Revival Framework and SARFAESI Act • 10 Sep 2026
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