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NCLT Rejects Counterclaims in Admitting Insolvency Against Rice Mill

NCLT Rejects Counterclaims in Admitting Insolvency Against Rice Mill

#InsolvencyLaw #NCLT #CorporateDebt

NCLT Rejects Counterclaims in Admitting Insolvency Against Rice Mill In a significant ruling for creditors pursuing insolvency proceedings, the National Company Law Tribunal (NCLT) at Allahabad has clarified that set-off claims, counterclaims, or assertions of business losses do not automatic...

India - National Company Law Tribunal Counterclaims in Insolvency Admissions 09 Dec 2025
Mere Technical Glitch Claims in Bankruptcy E-Auction Insufficient to Set Aside Sale Without Proof of Fraud, Collusion, or Fundamental Error: NCLT New Delhi (Under IBC Sections 60(5) and 126).

Mere Technical Glitch Claims in Bankruptcy E-Auction Insufficient to Set Aside Sale Without Proof of Fraud, Collusion, or Fundamental Error: NCLT New Delhi (Under IBC Sections 60(5) and 126).

#IBC #BankruptcyAuction #NCLTEAuction

NCLT Dismisses Bid to Cancel Bankruptcy E-Auction Over Alleged Technical Glitches, Upholding Sale to Highest Bidder In a recent ruling, the National Company Law Tribunal (NCLT), New Delhi Bench, dismissed an application seeking to set aside an e-auction of bankrupt assets due to claimed techn...

India - National Company Law Tribunal Case Law 04 Dec 2025
NCLT Rejects E-Auction Challenge Over Unproven Technical Glitch

NCLT Rejects E-Auction Challenge Over Unproven Technical Glitch

#InsolvencyLaw #EAuctionDispute #NCLTDecision

NCLT Rejects E-Auction Challenge Over Unproven Technical Glitch In a recent ruling that underscores the robustness of digital processes in insolvency resolutions, the National Company Law Tribunal (NCLT) at New Delhi has dismissed an application to annul a concluded e-auction, citing a lack o...

India - National Company Law Tribunal Validity of Electronic Auctions in Insolvency Proceedings 03 Dec 2025
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
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 02 Dec 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 02 Dec 2025
Directors Liable for ₹10.46 Cr Under S.66 IBC for Fraudulent Trading via Donations, Interest-Free Loans & Falsified Books: NCLT New Delhi

Directors Liable for ₹10.46 Cr Under S.66 IBC for Fraudulent Trading via Donations, Interest-Free Loans & Falsified Books: NCLT New Delhi

#IBC #NCLT #FraudulentTrading

NCLT Orders Directors of Opulent Infradevelopers to Pay ₹10.46 Crore for Fraudulent Trading New Delhi:The National Company Law Tribunal (NCLT), New Delhi Bench, has directed the suspended directors of Opulent Infradevelopers Pvt. Ltd. to jointly and severally contribute over ₹10.46 crore to t...

India - National Company Law Tribunal Case Law 01 Dec 2025
Assets of Corporate Debtor Held Under Criminal Court's Indemnity Bond Form Part of Liquidation Estate Under S.36 IBC: NCLT

Assets of Corporate Debtor Held Under Criminal Court's Indemnity Bond Form Part of Liquidation Estate Under S.36 IBC: NCLT

#IBC #LiquidationEstate #NCLT

NCLT Orders Director to Deposit ₹48 Lakhs Seized by CBI into Company's Liquidation Account Bengaluru:The National Company Law Tribunal (NCLT), Bengaluru Bench, has ruled that assets belonging to a company undergoing liquidation must be handed over to the liquidator, even if they are held by a...

India - National Company Law Tribunal Case Law 29 Nov 2025
Belated Claims by Ex-Employees Dismissed Post-CoC Approval of Resolution Plan: NCLT Cites Time-Bound Nature of IBC

Belated Claims by Ex-Employees Dismissed Post-CoC Approval of Resolution Plan: NCLT Cites Time-Bound Nature of IBC

#IBC #NCLT #CIRP

NCLT Dismisses Ex-Employees' Belated Claims, Upholds Sanctity of CIRP Timelines Mumbai:The National Company Law Tribunal (NCLT), Mumbai Bench, has dismissed applications from six former employees of ‘Indo Global Soft Solutions and Technologies Pvt. Ltd’, reinforcing the strict, time-bound nat...

India - National Company Law Tribunal Case Law 29 Nov 2025
Purchaser of Industrial Unit with Assured Return Not a 'Financial Creditor' Under S. 5(8)(f) IBC: NCLT

Purchaser of Industrial Unit with Assured Return Not a 'Financial Creditor' Under S. 5(8)(f) IBC: NCLT

#IBC #NCLT #FinancialCreditor

NCLT: Buyer of Industrial Unit with Assured Returns is an Investor, Not a Financial Creditor Under IBC Mumbai |The National Company Law Tribunal (NCLT), Mumbai Bench, has ruled that a company that purchased an industrial unit with a guaranteed monthly return scheme cannot be classified as a '...

India - National Company Law Tribunal Case Law 29 Nov 2025
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