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NCLAT Holds Refused Demand Notice at Registered Office as Valid Service
#InsolvencyLaw #NCLATRuling #CorporateInsolvency
NCLAT Holds Refused Demand Notice at Registered Office as Valid Service In a significant ruling for insolvency practitioners and creditors, the National Company Law Appellate Tribunal (NCLAT) in New Delhi has affirmed that a demand notice dispatched by an operational creditor, which is return...
NCLAT Rules Balance Sheet Acknowledgments Bind Personal Guarantors on Limitation
#InsolvencyLaw #PersonalGuarantee #LimitationAct
NCLAT Rules Balance Sheet Acknowledgments Bind Personal Guarantors on Limitation In a significant ruling for insolvency proceedings, the National Company Law Appellate Tribunal (NCLAT), New Delhi, has clarified that acknowledgments of liability made by a corporate debtor in its balance sheets...
SFIO Admits Inadvertent Error in Freezing Karti Chidambaram's Wife's Accounts
#SFIOInvestigation #NCLTProceedings #AssetFreezingError
SFIO Admits Inadvertent Error in Freezing Karti Chidambaram's Wife's AccountsIn a significant admission during proceedings at the National Company Law Tribunal (NCLT) in Chennai, the Serious Fraud Investigation Office (SFIO) has conceded that an "inadvertent error" led to the wrongful freezin...
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...
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...
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...
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...
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...
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...
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...
