![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]")
Alleged Bias by Technical Member Not Proven: NCLAT declines to recall Dismissal Order [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) dismissed an application filed by Entegra Ltd., Appellant under Rule 11...
![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/2025/09/30/250x150_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]](https://images.taxscan.in/h-upload/2025/09/30/250x150_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]](https://images.taxscan.in/h-upload/2025/09/30/250x150_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]](https://images.taxscan.in/h-upload/2025/09/30/250x150_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]")
NCLAT Permits Major Shareholders to Buy Company Property as Directors Breached Interim Order Restraining Sale of Immovable Asset [Read Order]
The Principal Bench of the National Company Law Appellate Tribunal (NCLAT) at New Delhi bench recently upheld an order passed by the National Company Law Tribunal (NCLT), permitting majority...
![NCLAT Permits Major Shareholders to Buy Company Property as Directors Breached Interim Order Restraining Sale of Immovable Asset [Read Order]](https://images.taxscan.in/h-upload/2025/09/29/500x300_2092489-2078318-itat-itat-gives-taxpayer-second-chance-second-chance-to-taxpayer-taxscan.webp "NCLAT Permits Major Shareholders to Buy Company Property as Directors Breached Interim Order Restraining Sale of Immovable Asset [Read Order]")
Discretionary right of Tribunal under IBC cannot be used to Impel Financial Creditor to consider Settlement: NCLT [Read Order]
The Chennai bench of the National Company Law Tribunal (NCLT) has held that the discretionary right of the tribunal under the Insolvency and Bankruptcy Code (IBC), 2016 cannot be used to Impel...
![Discretionary right of Tribunal under IBC cannot be used to Impel Financial Creditor to consider Settlement: NCLT [Read Order]](https://images.taxscan.in/h-upload/2025/09/29/500x300_2092467-ibc-nclat.webp "Discretionary right of Tribunal under IBC cannot be used to Impel Financial Creditor to consider Settlement: NCLT [Read Order]")
Adjudicating Authority Bound to Initiate CIRP if Application u/s.10 is Complete and There is No Ineligibility u/s.11: NCLT [Read Order]
A Division Bench of the National Company Law Tribunal at Chennai held that when an application under Section 10 of the Insolvency and Bankruptcy Code is deemed complete and the corporate applicant...
![Adjudicating Authority Bound to Initiate CIRP if Application u/s.10 is Complete and There is No Ineligibility u/s.11: NCLT [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/500x300_2091354-adjudicating-authority-cirp-cirp-if-application-nclt-taxscan.webp "Adjudicating Authority Bound to Initiate CIRP if Application u/s.10 is Complete and There is No Ineligibility u/s.11: NCLT [Read Order]")
Challenge on illegal Transfer of Shares of Company and on Unauthorised Appointment of Directors: Orissa HC directs to approach NCLT [Read Order]
In a recent case, the Orissa High Court directed the petitioner assessee to approach the National Company Law Tribunal (NCLT) for a challenge on the illegal Transfer of Shares of the Company and on ...
![Challenge on illegal Transfer of Shares of Company and on Unauthorised Appointment of Directors: Orissa HC directs to approach NCLT [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/500x300_2091327-2062730-cbic-electronic-cash-ledger-exemption-from-deposits-ecl-exemption-extension-deposit-taxscan.webp "Challenge on illegal Transfer of Shares of Company and on Unauthorised Appointment of Directors: Orissa HC directs to approach NCLT [Read Order]")
Insolvency Proceedings can be restored Despite absence of Revival Clause in Settlement Agreement: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that the Insolvency Proceedings can be restored despite absence of revival Clause in Settlement Agreement ...
![Insolvency Proceedings can be restored Despite absence of Revival Clause in Settlement Agreement: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/500x300_2091231-nclat-insolvency-proceedings-settlement-proposal-settlement-proposals-by-promoters-committee-of-creditors-taxscan.webp "Insolvency Proceedings can be restored Despite absence of Revival Clause in Settlement Agreement: NCLAT [Read Order]")