Decoding the Financial Creditor Under the IBC: Scope, Rights, and Judicial Clarity
The enactment of the Insolvency and Bankruptcy Code, 2016 (IBC) marked a paradigm shift in the way corporate insolvency is addressed in India....
![Liquidator cannot Conduct Private Sale without Permission of NCLT under Regulation 33(2)(d) of IBBI: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2025/11/10/250x150_2103870-nclat-ibbi-nclat-new-delhi-conduct-private-sale-taxscan.webp "Liquidator cannot Conduct Private Sale without Permission of NCLT under Regulation 33(2)(d) of IBBI: NCLAT [Read Order]")
![Corporate Restructuring: NCLT Approves Maruti Suzukis Amalgamation with Suzuki Motor Gujarat [Read Order]](https://images.taxscan.in/h-upload/2025/11/10/250x150_2103857-nclt-suzuki-motor-maruti-suzukis-corporate-restructuring-taxscan.webp "Corporate Restructuring: NCLT Approves Maruti Suzukis Amalgamation with Suzuki Motor Gujarat [Read Order]")
![MCA Brings NBFC & IFSC Finance Companies under ‘Business of Financing Industrial Enterprises’ [Read Notification]](https://images.taxscan.in/h-upload/2025/11/08/250x150_2103349-mca-nbfc-ifsc-finance-companies-financing-industrial-enterprises-taxscan.webp "MCA Brings NBFC & IFSC Finance Companies under ‘Business of Financing Industrial Enterprises’ [Read Notification]")
Belated Expression of Interest No 'Material Irregularity' in CIRP: NCLAT Sets Aside NCLT Order, Restores CoC-Approved Resolution Plan [Read Order]
In a recent ruling clarifying the threshold for “material irregularity” under the Insolvency and Bankruptcy Code (IBC), the National Company Law Appellate Tribunal (NCLAT) has held that acceptance...
![Belated Expression of Interest No Material Irregularity in CIRP: NCLAT Sets Aside NCLT Order, Restores CoC-Approved Resolution Plan [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/500x300_2102860-cirp-nclt-order-nclat-resolution-plan-taxscan.webp "Belated Expression of Interest No Material Irregularity in CIRP: NCLAT Sets Aside NCLT Order, Restores CoC-Approved Resolution Plan [Read Order]")
No Genuine Pre-existing Dispute Shown Over ₹18.56 Crore Operational Debt: NCLT Orders Insolvency Proceedings u/s 9 of IBC [Read Order]
The National Company Law Tribunal, Cuttack Bench, admitted an operational creditor’s insolvency plea against Geosphere Industries Pvt. Ltd. after holding that there existed no genuine pre-existing...
![No Genuine Pre-existing Dispute Shown Over ₹18.56 Crore Operational Debt: NCLT Orders Insolvency Proceedings u/s 9 of IBC [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/500x300_2102850-pre-existing-dispute-operational-debt-nclt-insolvency-proceedings-taxscan-.webp "No Genuine Pre-existing Dispute Shown Over ₹18.56 Crore Operational Debt: NCLT Orders Insolvency Proceedings u/s 9 of IBC [Read Order]")
![NCLT Approves Resolution Plan for Dunnimaa Engineers Submitted by Amphitrite Subsea [Read Order]](https://images.taxscan.in/h-upload/2025/11/05/500x300_2102539-nclt-resolution-plan-dunnimaa-engineers-amphitrite-subsea-taxscan.webp "NCLT Approves Resolution Plan for Dunnimaa Engineers Submitted by Amphitrite Subsea [Read Order]")
Financial Debt Default of over Rs. 45 Crores: NCLT Admits SBI's Application and Initiates CIRP Against Giga Pipe Systems [Read Order]
The National Company Law Tribunal (NCLT), New Delhi, has admitted an application filed by the State Bank of India (SBI) under Section 7 of the (IBC), thereby initiating the Corporate...
![Financial Debt Default of over Rs. 45 Crores: NCLT Admits SBIs Application and Initiates CIRP Against Giga Pipe Systems [Read Order]](https://images.taxscan.in/h-upload/2025/11/05/500x300_2102556-financial-debt-nclt-sbi-cirp-giga-pipe-systems.webp "Financial Debt Default of over Rs. 45 Crores: NCLT Admits SBIs Application and Initiates CIRP Against Giga Pipe Systems [Read Order]")
Unilateral Credit Note and Ledger Write-off Not Proof of Debt Discharge: NCLT Initiates CIRP u/s 9 of IBC [Read Order]
The National Company Law Tribunal (NCLT), Cuttack Bench, in a recent case, rejected the petitioner’s defence that an operational debt of ₹18.56 crore stood settled through a unilateral credit note...
![Unilateral Credit Note and Ledger Write-off Not Proof of Debt Discharge: NCLT Initiates CIRP u/s 9 of IBC [Read Order]](https://images.taxscan.in/h-upload/2025/11/07/500x300_2102933-ibc-cirp-taxscan.webp "Unilateral Credit Note and Ledger Write-off Not Proof of Debt Discharge: NCLT Initiates CIRP u/s 9 of IBC [Read Order]")
Resolution Plan Lacks Feasibility, Viability and IBC Compliance: NCLT Rejects CoC’s ₹1.5 Cr Resolution Plan, Orders Liquidation u/s 33(1)(b) [Read Order]
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) has rejected a resolution plan valued at ₹1.5 crore of the petitioner, holding that the plan lacked feasibility, viability, and...
![Resolution Plan Lacks Feasibility, Viability and IBC Compliance: NCLT Rejects CoC’s ₹1.5 Cr Resolution Plan, Orders Liquidation u/s 33(1)(b) [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/500x300_2102842-resolution-plan-lacks-feasibility-viability-ibc-compliance-nclt-resolution-plan-orders-taxscan.webp "Resolution Plan Lacks Feasibility, Viability and IBC Compliance: NCLT Rejects CoC’s ₹1.5 Cr Resolution Plan, Orders Liquidation u/s 33(1)(b) [Read Order]")
IBC’s Time-Bound Framework Bars Relief: NCLAT Refuses to Condone 389-Day Appeal Refiling Delay [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed by the appellant after declining to condone a 389-day delay in refiling. The appeal, made under Section 61 of the ...
![IBC’s Time-Bound Framework Bars Relief: NCLAT Refuses to Condone 389-Day Appeal Refiling Delay [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/500x300_2102823-ibcs-time-bound-framework-bars-relief-nclat-condone-389-day-appeal-refiling-delay-taxscan.webp "IBC’s Time-Bound Framework Bars Relief: NCLAT Refuses to Condone 389-Day Appeal Refiling Delay [Read Order]")