![Delay Beyond 30‑Day Limit Not Justified by Counsel’s Inaction: NCLT Dismisses Restoration Application [Read Order]](https://images.taxscan.in/h-upload/2026/01/15/500x300_2119928-delay-beyond-30day-limit-not-justified-by-counsels-inaction-taxscan.webp "Delay Beyond 30‑Day Limit Not Justified by Counsel’s Inaction: NCLT Dismisses Restoration Application [Read Order]")
Delay Beyond 30‑Day Limit Not Justified by Counsel’s Inaction: NCLT Dismisses Restoration Application [Read Order]
The National Company Law Tribunal (NCLT), Kolkata Bench, dismissed a restoration application filed by the applicant, holding that a delay beyond 30...
![Only SFIO Can Initiate Prosecution for Fraud Under Companies Act, Private Complaint Barred: Supreme Court [Read Judgment]](https://images.taxscan.in/h-upload/2026/01/15/250x150_2119862-fraud-under-companies-act-taxscan.webp "Only SFIO Can Initiate Prosecution for Fraud Under Companies Act, Private Complaint Barred: Supreme Court [Read Judgment]")
![Contempt Jurisdiction Vests with NCLT u/s 425 of Companies Act, Not High Court: Bombay HC Dismisses Petition Against Satara Sahakari Bank [Read Order]](https://images.taxscan.in/h-upload/2026/01/14/250x150_2119464-contempt-jurisdiction-vests-with-nclt-us-425-of-companies-act-not-high-court-bombay-hc-dismisses-petition-against-satara-sahakari-bank-taxscan.webp "Contempt Jurisdiction Vests with NCLT u/s 425 of Companies Act, Not High Court: Bombay HC Dismisses Petition Against Satara Sahakari Bank [Read Order]")
![Limitation Act Applies to Courts and not to Quasi-Judicial Bodies, Unless Expressly Empowered: Supreme Court [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/250x150_2118451-limitation-act-supreme-court-ruling-taxscan.webp "Limitation Act Applies to Courts and not to Quasi-Judicial Bodies, Unless Expressly Empowered: Supreme Court [Read Order]")
Retrospective Application of S.433 of Companies Act Rejected: SC Holds CLB Cannot Borrow NCLT’s Powers [Read Order]
The SupremeCourt has rejected the retrospective application of section 433 of the Companies Act and held that the Company Law Board (CLB) cannot borrow such powers from the National Company Law...
![Retrospective Application of S.433 of Companies Act Rejected: SC Holds CLB Cannot Borrow NCLT’s Powers [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/500x300_2118468-retrospective-application-s433-comapnies-act-rejected-sc-clb-cannot-borrow-nclt-powers-taxscan.webp "Retrospective Application of S.433 of Companies Act Rejected: SC Holds CLB Cannot Borrow NCLT’s Powers [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 non-disclosure of secured creditors in a capital ...
![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]")
Corporate Insolvency Process initiated against the Damara Gold Over ₹39 Crore Default: NCLT Admits PNB's Insolvency Plea [Read Order]
The Mumbai Bench of National Company Law Tribunal (NCLT) admitted PNB’s Section 7 application against the Respondent for default exceeding ₹39 crore, arising mainly from invocation of bank...
![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/2026/01/09/500x300_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]
The Principal Bench of National Company Law Appellate Tribunal (NCLAT) at New Delhi, dismissed the appeal seeking restoration of 5,000 shares voluntarily transferred in 2017, holding the petition...
![NCLAT Upholds Dismissal of Share Restoration Claim, Holds MoU Based ₹11 Cr Loan Dispute not Maintainable [Read Order]](https://images.taxscan.in/h-upload/2026/01/09/500x300_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]")
