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NCLT Rejects Goenka Resolution Plan, Orders Liquidation; Probes SFIO Account Freezes

NCLT Rejects Goenka Resolution Plan, Orders Liquidation; Probes SFIO Account Freezes

#IBCResolution #NCLTDecisions #CorporateFraud

NCLT Rejects Goenka Resolution Plan, Orders Liquidation; Probes SFIO Account FreezesIn a significant ruling that underscores the boundaries of the Insolvency and Bankruptcy Code (IBC), 2016, the National Company Law Tribunal (NCLT) Jaipur bench has rejected a resolution plan for Goenka Diamon...

India - National Company Law Tribunal NCLT Rulings on Third-Party Liabilities and Fraud Investigation Procedures 03 Dec 2025
Bombay HC Upholds WeWork India IPO, Rules Against Judicial Intervention in Regulator’s Domain

Bombay HC Upholds WeWork India IPO, Rules Against Judicial Intervention in Regulator’s Domain

#SEBI #IPO

Bombay High Court Clears WeWork India IPO, Emphasizes Regulatory Deference in Financial MarketsIn a significant judgment delivered on December 1, 2025, the High Court of Judicature at Bombay dismissed two writ petitions challenging the Initial Public Offering (IPO) of WeWork India Management ...

India - High Court of Bombay SEBI ICDR Regulations and Disclosure Obligations 01 Dec 2025
High Court Orders Restoration of GST Registration for Taxpayer Facing Bona Fide Hardship: Delhi High Court

High Court Orders Restoration of GST Registration for Taxpayer Facing Bona Fide Hardship: Delhi High Court

#GST #DelhiHighCourt

Beyond the Portal: Delhi High Court Intervenes to Restore GST Registration in Hardship Case In a significant move prioritizing business continuity and administrative fairness, the Delhi High Court has directed the GST department to restore the registra...

India - High Court of Delhi CGST Act, 2017 29 Nov 2025
NCLT Upholds IL&FS's Unilateral Right to Hike Property Price in Concluded Contract, Citing Specific LoI Clauses for Value Maximization

NCLT Upholds IL&FS's Unilateral Right to Hike Property Price in Concluded Contract, Citing Specific LoI Clauses for Value Maximization

#NCLT #ContractLaw #ILFS

NCLT Rules IL&FS Can Unilaterally Hike Price in BKC Tower Deal, Citing Contractual Supremacy Mumbai, November 28, 2025– In a significant ruling on the sanctity of contracts within corporate resolution frameworks, the National Company Law Tribunal (NCLT), Mumbai Bench, has held that Infrastruc...

India - National Company Law Tribunal Case Law 28 Nov 2025
Terminated Development Rights Not 'Assets' Under IBC; S.14 Moratorium Can't Protect Defaulting Developer: Supreme Court

Terminated Development Rights Not 'Assets' Under IBC; S.14 Moratorium Can't Protect Defaulting Developer: Supreme Court

#IBC #Insolvency #RealEstateLaw

IBC Moratorium Cannot Shield Defaulting Developers in Redevelopment Projects, Rules Supreme Court New Delhi:In a significant ruling clarifying the scope of the Insolvency and Bankruptcy Code (IBC), 2016, the Supreme Court has held that development rights under an agreement that was validly te...

India - Supreme Court Case Law 28 Nov 2025
Deemed Authentication by Information Utility (IU) Doesn't Extend Limitation Period Under IBC: NCLAT

Deemed Authentication by Information Utility (IU) Doesn't Extend Limitation Period Under IBC: NCLAT

#NCLAT #Insolvency #LimitationAct

NCLAT: 'Deemed Authentication' of Debt by IU Does Not Revive Time-Barred Claims New Delhi:The National Company Law Appellate Tribunal (NCLAT), Principal Bench, has delivered a significant ruling clarifying that the "deemed authentication" of a debt by an Information Utility (IU) does not cons...

India - National Company Law Appellate Tribunal Case Law 27 Nov 2025
Welfare Associations May File Section 7 IBC Petitions on Behalf of Homebuyers if Defect in Authorization is Cured via Individual Affidavits: NCLAT

Welfare Associations May File Section 7 IBC Petitions on Behalf of Homebuyers if Defect in Authorization is Cured via Individual Affidavits: NCLAT

#IBCSection7 #NCLATJudgment #HomebuyerRights

NCLAT Allows Welfare Association to Cure Authorization Defect in Section 7 IBC Petition Against Real Estate DevelopersIn a significant ruling for real estate insolvency proceedings, the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has clarified the maintainabil...

India - National Company Law Appellate Tribunal Case Law 26 Nov 2025
NCLT Ahmedabad Rejects Resolution Plan as 'Collusive Arrangement,' Orders Liquidation Citing Failure to Meet IBC S.30 & S.31 Requirements

NCLT Ahmedabad Rejects Resolution Plan as 'Collusive Arrangement,' Orders Liquidation Citing Failure to Meet IBC S.30 & S.31 Requirements

NCLT Insolvency IBC

NCLT Ahmedabad Rejects 'Collusive' Resolution Plan for Girdhari International, Orders Liquidation Amidst Suspicions of Fraud Ahmedabad:In a significant ruling, the National Company Law Tribunal (NCLT), Ahmedabad Bench, has rejected a resolution plan for Girdhari International Pvt. Ltd., descr...

India - National Company Law Tribunal Case Law 26 Nov 2025
NCLT Kochi: Wilful Disobedience Beyond Reasonable Doubt, Not Mere Non-Compliance, Is Essential for Civil Contempt Under S.425 Companies Act

NCLT Kochi: Wilful Disobedience Beyond Reasonable Doubt, Not Mere Non-Compliance, Is Essential for Civil Contempt Under S.425 Companies Act

#NCLT #ContemptOfCourt #CompaniesAct2013

NCLT Kochi Dismisses Contempt Plea, Cites High Bar for 'Wilful Disobedience' Kochi, November 24, 2025– The National Company Law Tribunal (NCLT), Kochi Bench, has dismissed a contempt petition filed against a former Managing Director, reinforcing the high legal standard required to prove civil...

India - National Company Law Tribunal Case Law 24 Nov 2025
NCLT Greenlights Piramal's Rs 200 Cr Capital Reduction Scheme

NCLT Greenlights Piramal's Rs 200 Cr Capital Reduction Scheme

#NCLT #CorporateRestructuring #CapitalReduction

NCLT Greenlights Piramal's Rs 200 Cr Capital Reduction Scheme to Erase Losses Mumbai, India– The National Company Law Tribunal (NCLT), Mumbai Bench, has approved a petition by Piramal Fund Management Pvt. Ltd. to implement a capital reduction scheme, allowing the company to utilize ₹200 crore...

India - High Court of Bombay Capital Reduction 21 Nov 2025
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