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Mere Account Irregularity During S.10A Period Is Not 'Default'; Date of NPA Is Key: NCLT Mumbai

Mere Account Irregularity During S.10A Period Is Not 'Default'; Date of NPA Is Key: NCLT Mumbai

IBC NCLT Section10A

NCLT Admits Canara Bank’s Insolvency Plea Against Elegant Forge for ₹81 Crore Default, Clarifies Scope of Section 10A Mumbai, July 11, 2025– The National Company Law Tribunal (NCLT), Mumbai Bench, has admitted Canara Bank's petition to initiate the Corporate Insolvency Resolution Process (CIR...

India - National Company Law Tribunal Case Law 22 Jul 2025
NCLT Approves Resolution Plan Under IBC S.30 After Re-Voting, Pulling Corporate Debtor from Brink of Liquidation

NCLT Approves Resolution Plan Under IBC S.30 After Re-Voting, Pulling Corporate Debtor from Brink of Liquidation

#IBC #NCLT #ResolutionPlan

NCLT Greenlights Resolution Plan for Shri Fakirchand Enterprises After Dramatic Re-Vote Halts Liquidation Mumbai- In a significant ruling that underscores the objective of the Insolvency and Bankruptcy Code (IBC) to revive distressed companies, the National Company Law Tribunal (NCLT), Mumbai...

India - National Company Law Tribunal Case Law 22 Jul 2025
Loan from Director Is Not a ‘Deposit’ Under S. 73 of Companies Act, 2013; Subsequent Change in Director's Status Doesn't Alter Loan's Character: NCLT New Delhi

Loan from Director Is Not a ‘Deposit’ Under S. 73 of Companies Act, 2013; Subsequent Change in Director's Status Doesn't Alter Loan's Character: NCLT New Delhi

CompaniesAct2013 NCLT CorporateLaw

Loan From Director Is Not A 'Deposit'; Subsequent Exit Doesn't Alter Character: NCLT Dismisses Ex-Director's Plea New Delhi:The National Company Law Tribunal (NCLT), New Delhi Bench, has delivered a significant ruling clarifying the distinction between a director's loan and a "deposit" under ...

India - National Company Law Tribunal Case Law 22 Jul 2025
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