![Non-disclosure of Secured Creditors in Capital Reduction Petition: NCLT Imposes 5 lakh Penalty on Lifestyle [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/500x300_2118161-site-image-o4.webp "Non-disclosure of Secured Creditors in Capital Reduction Petition: NCLT Imposes 5 lakh Penalty on Lifestyle [Read Order]")
Non-disclosure of Secured Creditors in Capital Reduction Petition: NCLT Imposes 5 lakh Penalty on Lifestyle [Read Order]
The National Company Law Tribunal (NCLT), Bangalore bench has slapped a penalty of Rs 5,00,000 on Lifestyle International Private Ltd for the...
![Corporate Insolvency Process initiated against the Damara Gold Over ₹39 Crore Default: NCLT Admits PNBs Insolvency Plea [Read Order]](https://images.taxscan.in/h-upload/2026/01/09/250x150_2118053-corporate-insolvency-process-initiated-against-damara-gold-taxscan.jfif "Corporate Insolvency Process initiated against the Damara Gold Over ₹39 Crore Default: NCLT Admits PNBs Insolvency Plea [Read Order]")
![NCLAT Upholds Dismissal of Share Restoration Claim, Holds MoU Based ₹11 Cr Loan Dispute not Maintainable [Read Order]](https://images.taxscan.in/h-upload/2026/01/09/250x150_2118033-nclat-upholds-dismissal-share-restoration-claim-holds-mou-loan-dispute-maintainable-taxscan.webp "NCLAT Upholds Dismissal of Share Restoration Claim, Holds MoU Based ₹11 Cr Loan Dispute not Maintainable [Read Order]")
Workers Not Entitled to Wages for Period Not Worked During CIRP: NCLAT upholds Layoff Notice, Approved Resolution Plan Binding on All Stakeholders [Read Order]
The Principal Bench of National Company Law Appellate Tribunal (NCLAT) at New Delhi, held that workers are entitled to wages during CIRP only if the corporate debtor is a going concern and they...
![Workers Not Entitled to Wages for Period Not Worked During CIRP: NCLAT upholds Layoff Notice, Approved Resolution Plan Binding on All Stakeholders [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117525-nclat-resolution-plan-taxscan.jfif "Workers Not Entitled to Wages for Period Not Worked During CIRP: NCLAT upholds Layoff Notice, Approved Resolution Plan Binding on All Stakeholders [Read Order]")
Resolution Professional Entitled to Recover Share Certificates of Corporate Debtor's Subsidiaries Despite Appellant's Loss Claim: NCLAT [Read Order]
The Principal Bench of National Company Law Appellate Tribunal (NCLAT) at New Delhi upheld the Resolution Professional’s right under Sections 18 and 25 of the IBC to reclaim share certificates and...
![Resolution Professional Entitled to Recover Share Certificates of Corporate Debtors Subsidiaries Despite Appellants Loss Claim: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/500x300_2117818-resolution-professional-recovery-powers-taxscan.webp "Resolution Professional Entitled to Recover Share Certificates of Corporate Debtors Subsidiaries Despite Appellants Loss Claim: NCLAT [Read Order]")
Pre-March 2020 Default Not Protected by S.10A Despite Contractual Cure Period: NCLAT upholds CIRP Admission [Read Order]
The Principal Bench of National Company Appellate Tribunal (NCLAT) at New Delhi upheld CIRP admission, holding that a contractual cure period did not defer the date of default for Section 10A of...
![Pre-March 2020 Default Not Protected by S.10A Despite Contractual Cure Period: NCLAT upholds CIRP Admission [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/500x300_2117832-nclat-upholds-cirp-admission-taxscan.jfif "Pre-March 2020 Default Not Protected by S.10A Despite Contractual Cure Period: NCLAT upholds CIRP Admission [Read Order]")
Failure to Implement Resolution Plan: NCLT Dismisses SRA’s Plea to Treat ₹350 Crore as CIRP Cost in Jet Airways Liquidation [Read Order]
The Mumbai bench of the National Company Law Tribunal (NCLT) has dismissed the special resolution applicant's (SRA) plea to treat Rs 350 cr as the Corporate Insolvency Resolution Process (CIRP)...
![Failure to Implement Resolution Plan: NCLT Dismisses SRA’s Plea to Treat ₹350 Crore as CIRP Cost in Jet Airways Liquidation [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117556-failure-to-implement-resolution-plan-taxscan.jfif "Failure to Implement Resolution Plan: NCLT Dismisses SRA’s Plea to Treat ₹350 Crore as CIRP Cost in Jet Airways Liquidation [Read Order]")