NCLT to Reconsider Rs. 92 Lakh Penalty Imposed for Non-Holding of AGMs Due to Directorial Deadlock: NCLAT [Read Order]
The Principal Bench of National Company Law Appellate Tribunal (NCLAT), New Delhi, remanded the matter to NCLT Mumbai to reconsider the ₹92 lakh...
![Benami Attachment Cannot Breach the “Impregnable Firewall” of NCLT‑Approved Resolution Plan: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/12/23/2114211-benami-attachment-cannot-breach-impregnable-firewall-nclt-approved-resolution-plan-madras-hc-taxscan.webp "Benami Attachment Cannot Breach the “Impregnable Firewall” of NCLT‑Approved Resolution Plan: Madras HC [Read Order]")
![No Procedural Lapse by Resolution Professional: NCLAT Upholds Order Rejecting Repayment Plans of Guarantors [Read Order]](https://images.taxscan.in/h-upload/2025/12/10/2111276-nclat-chennai-resolution-professional-repayment-plans-guarantors-no-procedural-lapse-order-reject-taxscan.webp "No Procedural Lapse by Resolution Professional: NCLAT Upholds Order Rejecting Repayment Plans of Guarantors [Read Order]")
Suspended Directors Have No Right to Valuation Reports Rejected by COC u/s 24 of IBC: NCLAT [Read Order]
The Principal Bench of the National Company Law Appellate Tribunal (NCLAT), New Delhi, ruled that suspended directors of a corporate debtor cannot demand access to valuation reports rejected by the...
![Suspended Directors Have No Right to Valuation Reports Rejected by COC u/s 24 of IBC: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2025/12/13/2111901-suspended-directors-no-right-valuation-reports-rejected-coc-ibc-nclat-taxscan.webp "Suspended Directors Have No Right to Valuation Reports Rejected by COC u/s 24 of IBC: NCLAT [Read Order]")
Unexplained ₹10.54 Cr Cash Withdrawals Show Intent to Defraud Under S.66 IBC: NCLAT Upholds NCLT Order Against Directors [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, in a recent case has held that the unexplained Rs 10.54 cr withdrawals demonstrated an intent to defraud creditors, attracting...
![Unexplained ₹10.54 Cr Cash Withdrawals Show Intent to Defraud Under S.66 IBC: NCLAT Upholds NCLT Order Against Directors [Read Order]](https://images.taxscan.in/h-upload/2025/12/17/2112853-cash-withdrawals-show-intent-defraud-under-nclat-nclt-order-against-directors-taxscan.webp "Unexplained ₹10.54 Cr Cash Withdrawals Show Intent to Defraud Under S.66 IBC: NCLAT Upholds NCLT Order Against Directors [Read Order]")
Shareholder Has Locus to Challenge Collusive CIRP: NCLAT Holds “Any Person Aggrieved” u/s 61 Must Be Read Widely, Distinguishes Park Energy Case [Read Order]
The National Company Law Appellate Tribunal (NCLAT), New Delhi, has delivered a detailed and consequential judgment holding that shareholders can be “aggrieved persons” under Section 61 of the...
![Shareholder Has Locus to Challenge Collusive CIRP: NCLAT Holds “Any Person Aggrieved” u/s 61 Must Be Read Widely, Distinguishes Park Energy Case [Read Order]](https://images.taxscan.in/h-upload/2025/12/19/2113269-shareholder-cirp-nclat-any-person-aggrieved-park-energy-case-taxscan.webp "Shareholder Has Locus to Challenge Collusive CIRP: NCLAT Holds “Any Person Aggrieved” u/s 61 Must Be Read Widely, Distinguishes Park Energy Case [Read Order]")
![No Time Limitation for Section 66(1) Fraudulent Trading Actions: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2025/12/09/2111091-nclat-fraudulent-trading-no-time-limitation-taxscan.webp "No Time Limitation for Section 66(1) Fraudulent Trading Actions: NCLAT [Read Order]")
NCLAT Sets Aside Private Sale of Corporate Power Ltd, Directs Liquidator to Hold Fresh Swiss Challenge Auction with EMD Capped at 10% of ₹265 Cr Reserve Price
The National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi, has issued a significant ruling in the liquidation of Corporate Power Limited (CPL), setting aside the earlier...
Authorisation Lapse in Insolvency Petition: NCLAT allows 98 Homebuyers to cure the defect [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi, has permitted 98 homebuyers to cure the authorisation defect in their insolvency petition filed under Section 7 of...
Absence of Sanction Letter as per RBI Guideline Does Not Invalidate Financial Debt, NCLAT Sets Aside NCLT Order Against NBFC [Read Order]
In a ruling that clarifies the interplay between RBI guidelines and the Insolvency andBankruptcy Code (IBC), the National Company Law Appellate Tribunal (NCLAT) has set aside the order of the...
![Absence of Sanction Letter as per RBI Guideline Does Not Invalidate Financial Debt, NCLAT Sets Aside NCLT Order Against NBFC [Read Order]](https://images.taxscan.in/h-upload/2025/12/15/2112302-absence-sanction-letter-rbi-guideline-invalidate-financial-debt-nclat-nclt-order-against-nbfc-taxscan.webp "Absence of Sanction Letter as per RBI Guideline Does Not Invalidate Financial Debt, NCLAT Sets Aside NCLT Order Against NBFC [Read Order]")