![NCLT Admits Rs 2,888 Cr Insolvency Petition by Canara Bank Against Gupta Power Infrastructure, Appoints IRP [Read Order]](https://images.taxscan.in/h-upload/2025/10/03/500x300_2093563-nclt-insolvency.webp "NCLT Admits Rs 2,888 Cr Insolvency Petition by Canara Bank Against Gupta Power Infrastructure, Appoints IRP [Read Order]")
NCLT Admits Rs 2,888 Cr Insolvency Petition by Canara Bank Against Gupta Power Infrastructure, Appoints IRP [Read Order]
The National Company Law Tribunal (NCLT) Kolkata bench admitted Rs 2,888 Cr Insolvency petition by Canara Bank against Gupta Power Infrastructure,...
![NCLAT Upholds CIRP Initiation by Central Bank Against Corporate Guarantor Despite Stamping and Novation Contentions, Dismisses Appeal of SEPL’s Ex Director [Read Order]](https://images.taxscan.in/h-upload/2025/10/01/250x150_2092979-appeal-dismissed-taxscan.webp "NCLAT Upholds CIRP Initiation by Central Bank Against Corporate Guarantor Despite Stamping and Novation Contentions, Dismisses Appeal of SEPL’s Ex Director [Read Order]")
![NCLAT Confirms Bid-Rigging in UP Soil Testing Tenders, Upholds Penalties on Companies and Directors [Read Order]](https://images.taxscan.in/h-upload/2025/10/01/250x150_2092954-soil-testing-tenders.webp "NCLAT Confirms Bid-Rigging in UP Soil Testing Tenders, Upholds Penalties on Companies and Directors [Read Order]")
![Seeking Advice from Board to Proposal of corporate debtor to withdraw Insolvency Process u/s 12A IBC is Beyond RTI Ambit: IBBI Disposes of Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/10/01/250x150_2092944-ibbi-ibc-rti-taxscan.webp "Seeking Advice from Board to Proposal of corporate debtor to withdraw Insolvency Process u/s 12A IBC is Beyond RTI Ambit: IBBI Disposes of Appeal [Read Order]")
![Alleged Bias by Technical Member Not Proven: NCLAT declines to recall Dismissal Order [Read Order]](https://images.taxscan.in/h-upload/2025/09/30/500x300_2092753-2062469-nclat-fraud-finding-former-director-orders-contribution-sham-transactions-taxscan.webp "Alleged Bias by Technical Member Not Proven: NCLAT declines to recall Dismissal Order [Read Order]")
NCLAT Rules Monetisation of Unsold Units of Real Estate Project Impermissible without Revalidated Building Plan in Reverse CIRP [Read Order]
The National Company Law Appellate Tribunal (NCLAT) refused to allow the Interim Resolution Professional’s (IRP) request to monetise unsold units of the real estate project under a reverse Corporate...
![NCLAT Rules Monetisation of Unsold Units of Real Estate Project Impermissible without Revalidated Building Plan in Reverse CIRP [Read Order]](https://images.taxscan.in/h-upload/2025/09/30/500x300_2092807-nclat-taxscan.webp "NCLAT Rules Monetisation of Unsold Units of Real Estate Project Impermissible without Revalidated Building Plan in Reverse CIRP [Read Order]")
NCLAT Upholds Rejection of Section 7 Application as Default Amount was Below ₹1 Crore, Sets Aside Penalty u/s 65 [Read Order]
The National Company Law Appellate Tribunal (NCLAT) upheld the order of the Indore Bench of the National Company Law Tribunal (NCLT) rejecting a Section 7 application filed, after observing that ...
![NCLAT Upholds Rejection of Section 7 Application as Default Amount was Below ₹1 Crore, Sets Aside Penalty u/s 65 [Read Order]](https://images.taxscan.in/h-upload/2025/09/30/500x300_2092810-nclat-application-penalty-taxscan.webp "NCLAT Upholds Rejection of Section 7 Application as Default Amount was Below ₹1 Crore, Sets Aside Penalty u/s 65 [Read Order]")
NCLT Barred from Adjudicating on Limitation in S. 95 Applications before Appointment of Resolution Professional: NCLAT allows appeal filed by Canara Bank [Read Order]
While allowing appeal filed by Canara Bank, the New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that the Adjudicating Authority, National Company Law Tribunal (NCLT)...
![NCLT Barred from Adjudicating on Limitation in S. 95 Applications before Appointment of Resolution Professional: NCLAT allows appeal filed by Canara Bank [Read Order]](https://images.taxscan.in/h-upload/2025/09/30/500x300_2092768-nclt-adjudicating-on-limitation-appointment-of-resolution-taxscan.webp "NCLT Barred from Adjudicating on Limitation in S. 95 Applications before Appointment of Resolution Professional: NCLAT allows appeal filed by Canara Bank [Read Order]")
Commercial Litigant Cannot Shift Blame to Counsel for Repeated Non-Appearance in Restoration Applications: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that a commercial litigant cannot evade the consequences of repeated non-appearance and negligence in prosecuting...
![Commercial Litigant Cannot Shift Blame to Counsel for Repeated Non-Appearance in Restoration Applications: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/30/500x300_2092752-nclat-commercial-litigant-counsel-taxscan.webp "Commercial Litigant Cannot Shift Blame to Counsel for Repeated Non-Appearance in Restoration Applications: NCLAT [Read Order]")
NCLAT Holds ICBC Cannot Retain ₹27.60 Crore FD as Reliance Owed No Dues, Lien Letter Limited to Debtor’s Own Liabilities [Read Order]
The National Company Law Appellate Tribunal (NCLAT) held that the Industrial and Commercial Bank of China Limited (ICBC) was not entitled to retain a fixed deposit of Rs. 27.60 crore belonging to ...
![NCLAT Holds ICBC Cannot Retain ₹27.60 Crore FD as Reliance Owed No Dues, Lien Letter Limited to Debtor’s Own Liabilities [Read Order]](https://images.taxscan.in/h-upload/2025/09/30/500x300_2092713-nclat-holds-icbc-taxscan.webp "NCLAT Holds ICBC Cannot Retain ₹27.60 Crore FD as Reliance Owed No Dues, Lien Letter Limited to Debtor’s Own Liabilities [Read Order]")
![MCA Extends Deadline for Filing Director KYC without Fee till October 15, 2025 [Read Circular]](https://images.taxscan.in/h-upload/2025/09/30/500x300_2092648-cbdt-last-date-for-vivad-se-vishwas-declarations-vivad-se-vishwas-taxscan.webp "MCA Extends Deadline for Filing Director KYC without Fee till October 15, 2025 [Read Circular]")