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SRA Related to Sole CoC Member is Eligible Under S.29A IBC; Plan Below Liquidation Value Permissible: NCLT Mumbai
NCLT Insolvency IBC
NCLT Approves Resolution Plan for Pritdip Impex, Upholds Commercial Wisdom of CoC Mumbai, Maharashtra– The National Company Law Tribunal (NCLT), Mumbai Bench, has approved the resolution plan for Pritdip Impex (India) Private Limited, reinforcing key principles of the Insolvency and Bankruptc...
Agreement for Profit Sharing, Not Service Provision; Claim Does Not Qualify as 'Operational Debt' Under IBC S.5(21): NCLT New Delhi
IBC2016 OperationalDebt NCLT
Profit-Sharing Agreement Does Not Create 'Operational Debt', NCLT Dismisses Insolvency Plea New Delhi:The National Company Law Tribunal (NCLT), New Delhi Bench, has dismissed a petition to initiate insolvency proceedings, ruling that claims arising from a profit-sharing based 'Operation and M...
NCLT Hyderabad Approves Resolution Plan Under IBC S.31 Involving Merger, Upholding CoC's Commercial Wisdom
NCLT IBC2016 ResolutionPlan
NCLT Hyderabad Greenlights Innovative Resolution Plan for Taaza International, Approving Merger and Ensuring 100% Payout to Creditors Hyderabad, Telangana– The National Company Law Tribunal (NCLT), Hyderabad Bench, has approved a resolution plan for Taaza International Limited, which includes...
Resolution Plan Modified Post-CoC Approval To Exclude Non-PRA Consortium Member, Upheld By NCLT Mumbai Based On CoC's Commercial Wisdom: S.30(6) IBC
#NCLT #IBC2016 #ResolutionPlan
NCLT Mumbai Approves ₹33.15 Crore Revival Plan for India Mega Agro Anaj; Upholds Mid-Process Correction of Applicant Consortium Mumbai, India– The National Company Law Tribunal (NCLT), Mumbai Bench, has approved a resolution plan of ₹33.15 crore for the revival of Nanded-based food processing...
NCLT Hyderabad Sanctions Amalgamation of Indu Projects Ltd with 10 Subsidiaries Under S. 230-232 of Companies Act
#NCLT #MergersAndAmalgamations #CompaniesAct2013
NCLT Hyderabad Approves Merger of Indu Projects with Ten Subsidiary Companies Hyderabad, August 11, 2025– The National Company Law Tribunal (NCLT), Hyderabad Bench, has sanctioned a major corporate restructuring involving Indu Projects Limited and ten of its subsidiary companies. The bench, c...
NCLT Approves ₹33.15 Crore Resolution Plan for Himalayan Mineral Waters; Tax Waivers Subject to Departmental Approval under IBC
#NCLT #Insolvency #ResolutionPlan
NCLT Greenlights ₹33.15 Crore Revival Plan for Himalayan Mineral Waters, Defers on Tax Waivers Prayagraj, August 12, 2025– The National Company Law Tribunal (NCLT), Allahabad Bench, has approved a resolution plan of ₹33.15 crore for Himalayan Mineral Waters Private Limited, paving the way for...
Sale as a 'Going Concern' in Liquidation Grants 'Clean Slate' Protections Similar to a Resolution Plan: NCLT Kolkata
#NCLT #Insolvency #GoingConcern
NCLT Kolkata Affirms 'Clean Slate' for Buyers in Liquidation, Extends Resolution Plan Protections to 'Going Concern' Sales Kolkata, August 12, 2025– In a significant ruling that reinforces the objective of corporate revival under the Insolvency and Bankruptcy Code, 2016 (IBC), the National Co...
NCLT Mumbai Sanctions Amalgamation of Six 'AR' Group Companies Under Sec 230-232 of Companies Act, Citing Commercial Wisdom
#NCLT #Amalgamation #CorporateLaw
NCLT Mumbai Greenlights Merger of Six 'AR' Group Companies, Cites Commercial Wisdom of Stakeholders MUMBAI– The National Company Law Tribunal (NCLT), Mumbai Bench, has sanctioned the Composite Scheme of Amalgamation involving six privately-held 'AR' group companies. The bench, comprising Judi...
NCLT Approves Amalgamation Scheme Under Sec 230-232 of Companies Act, Clarifies 'Appointed Date' Can Be Tied to an Event
NCLT Amalgamation CompaniesAct2013
NCLT Greenlights Karam Group's Two-Step Merger, Upholds 'Event-Based' Appointed Date Prayagraj, August 13, 2025– The National Company Law Tribunal (NCLT), Allahabad Bench, has sanctioned a composite scheme of amalgamation involving three companies of the Karam Group, a prominent name in the s...
NCLT Chennai Bench Approves Amalgamation of Seven Tech Companies into ACS Global Tech Solutions Under Companies Act, 2013
#NCLT #Amalgamation #CorporateLaw
NCLT Greenlights Major Tech Merger: Seven Companies to Amalgamate into ACS Global Tech Solutions CHENNAI– The National Company Law Tribunal (NCLT), Chennai Bench, has sanctioned a major corporate consolidation, approving the Scheme of Amalgamation for seven technology and consulting firms to ...
