India - National Company Law Tribunal

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

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 '...

29 Nov 2025

India - National Company Law Tribunal

IBC's Section 14 Moratorium Prevails Over Electricity Regulations; Security Deposit an Asset of Corporate Debtor: NCLT

NCLT Orders Electricity Board to Refund Security Deposit, Upholds Supremacy of IBC Moratorium Mumbai:The National Company Law Tribunal (NCLT), Mumbai Bench, comprising Sh. Mohan Prasad Tiwari and Sh. Charanjeet Singh Gulati, has ruled that a security deposit held by an electricity distributio...

06 Nov 2025

India - High Court of Delhi

High Courts Reinforce Arbitration Act's Finality, Clarify Appeal Scope and Judicial Review Limits

High Courts Reinforce Arbitration Act's Finality, Clarify Appeal Scope and Judicial Review Limits New Delhi– In a series of significant rulings that underscore the legislative intent of promoting finality and minimizing judicial intervention in arbitral proceedings, the High Courts of Karnata...

30 Oct 2025

India - National Company Law Tribunal

Selective Capital Reduction Permissible 'In Any Manner' Under S.66 of Companies Act If Fair & Non-Prejudicial to Creditors: NCLT Mumbai

NCLT Mumbai Approves Upwards Fintech's Selective Share Capital Reduction, Citing Fairness and Shareholder Approval Mumbai, India- The National Company Law Tribunal (NCLT), Mumbai Bench, comprising Judicial Member Mohan Prasad Tiwari and Technical Member Charanjeet Singh Gulati, has approved t...

21 Sep 2025

India - National Company Law Tribunal

NCLT Can Suo Motu Order Winding Up of a Company on Just and Equitable Grounds Under S. 242 of Companies Act, 2013, Even Without a Specific Prayer: NCLT Mumbai

NCLT Mumbai Orders Winding Up of Real Estate Firm Citing Irretrievable Breakdown of Trust Mumbai, India– In a significant ruling, the National Company Law Tribunal (NCLT), Mumbai Bench, has ordered the winding up of J A Real Estate Private Limited, invoking its powers under Section 242 of the...

21 Sep 2025

India - National Company Law Tribunal

Director Appointments Without Proper Notice to Existing Director Constitute Oppression Under S.241-242 Companies Act: NCLT Mumbai

NCLT Mumbai Ousts Directors in Family Feud, Cites Oppression and Mismanagement MUMBAI– The National Company Law Tribunal (NCLT), Mumbai Bench, has delivered a decisive ruling in a protracted family business dispute, ordering the removal of three directors from M/s Dombivali Paper Manufacturin...

21 Sep 2025

India - National Company Law Tribunal

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 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...

22 Aug 2025

India - National Company Law Tribunal

NCLT Allows Compounding Under S.441 of Companies Act for 7-Year AGM Delay, Imposes ₹92.84 Lakh Fine

NCLT Slaps ₹92.84 Lakh Fine on Mumbai Firm for 7-Year AGM Default, Allows Compounding Mumbai:The National Company Law Tribunal (NCLT), Mumbai Bench, has imposed a compounding fee of ₹92,84,000 on Tanvi Construction Private Limited and its Managing Director for failing to hold their Annual Gen...

21 Aug 2025

India - National Company Law Tribunal

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

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...

22 Jul 2025

India -

NCLT Sanctions Capiot Software Merger with Persistent Systems, Clarifies Regulatory Actions Undeterred

NCLT Approves Capiot Software-Persistent Systems Merger, Upholds Regulatory Oversight Mumbai:The National Company Law Tribunal (NCLT), Mumbai Bench, comprising Hon'ble Members ShriSushil Mahadeorao Kochey(Judicial) and Shri Charanjeet Singh Gulati (Technical), has sanctioned the Scheme of Mer...

08 Jun 2025