India - National Company Law Appellate Tribunal

NCLT Mumbai Denies Insolvency Plea Citing Failure To Meet Mandatory One Crore Default Threshold

NCLTMumbai Denies Insolvency Plea Citing Failure To Meet Mandatory One CroreDefaultThresholdTheNational Company Law Tribunal, Mumbai, has dismissed a high-stakesinsolvency petition, sharpening the boundaries regarding the aggregation ofcorporate debts. In a recent ruling by members Nilesh Sha...

30 Jul 2026

India - High Court of Bombay

Borrowers Cannot Force Banks to Disclose OTS Benchmarks or Accept Settlement: Bombay High Court Under SARFAESI/IBC

Commercial Wisdom Rules: No Writ of Mandamus to Force OTS In a significant ruling for banking institutions and credit recovery, the Bombay High Court has affirmed that borrowers cannot demand the disclosure of internal bank "benchmarks" for One Time Settlement (O...

17 Oct 2025

India - Supreme Court

SC Sets Aside NCLT Orders Relying On Fake AI Citations

SC Sets Aside NCLT Orders Relying On Fake AI CitationsIn a landmark ruling that signals a strict shift in the judiciary’s approach to technology, theSupreme Court of Indiahas set aside judgments from theNational Company Law Tribunal(NCLT) and theNational Company Law Appellate Tribunal(NCLAT)....

02 Jul 2026

India - National Company Law Appellate Tribunal

NCLAT Ensures Full Employee Dues in Jet Airways Liquidation

NCLAT Ensures Full Employee Dues in Jet AirwaysLiquidationIn a significant reinforcement of labour rights within the framework ofcorporate insolvency, theNational Company Law Appellate Tribunal (NCLAT)has issued a landmark ruling in the Jet Airwaysliquidationcase. The appellate tribunal has c...

01 Jul 2026

India - National Company Law Tribunal

NCLT Rules 'Just and Equitable' Winding-Up is Last Resort: Dismisses Plea against Hover Automotive India

Winding-Up as a "Last Resort": NCLT Closes Door on Shareholder Dispute at Hover Automotive In a significant ruling for corporate governance under theCompanies Act, 2013, the National Company Law Tribunal (NCLT) in Mumbai has dismissed a winding-up ...

11 Dec 2025

India - High Court of Delhi

Delhi High Court Stays ₹458 Crore GST Demand

Delhi High Court Stays ₹458 Crore GST DemandIn an order with significant implications for the corporate sector’s tax compliance framework, the Delhi High Court recently granted interim protection to InterGlobe Aviation Limited,...

23 May 2026

India - High Court of Bombay

Order 'Reserved for Order' Not Amenable to Writ Challenge When IBC Appellate Remedy Availed: Bombay High Court

Bombay High Court Bars Writ Challenge Against NCLT’s “Reserved for Order” Decision The Bombay High Court has made it clear that litigants cannot turn to writ jurisdiction to assail an order merely “reserving” a matter for pronouncement when they have already chosen the statutory appellate rou...

08 Oct 2025

India - High Court of Bombay

Bombay High Court Quashes Bribery FIR Against HDFC CEO

Bombay High Court Quashes Bribery FIR Against HDFC CEO in Landmark Ruling on Malicious ComplaintsIn a significant victory for corporate executives entangled in acrimonious business disputes, a division bench of the Bombay High Court has quashed a First Informatio...

05 May 2026

India - High Court of Delhi

Porn Disrupts Delhi HC Chief Justice VC Hearings Thrice

Porn Disrupts Delhi HC Chief Justice VC Hearings ThriceIn a brazen and deeply concerning breach of judicial sanctity, virtual court proceedings before a division bench of theDelhi High Court, led by Chief Justice Devendra Kumar Upadhyaya and Justice Tejas Karia, were disruptedthree timeson We...

30 Apr 2026

India - Supreme Court

Supreme Court Holds Corporate Guarantees as IBC Financial Debt

Supreme Court Holds Corporate Guarantees as IBCFinancial DebtIn a landmark judgment that fortifies lender protections under India'sInsolvency and Bankruptcy Code (IBC), 2016, theSupreme Court of Indiahas ruled that liabilities arising from corporate guarantees executed by a corporate debtor u...

29 Apr 2026