![Filing petition u/s 7 of IBC not barred by Majoritys Consideration of Debt Restructuring with corporate debtor: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/corporate-debtor-IBC-Filing-petition-of-IBC-taxscan.jpg "Filing petition u/s 7 of IBC not barred by Majoritys Consideration of Debt Restructuring with corporate debtor: NCLAT [Read Order]")
Filing petition u/s 7 of IBC not barred by Majority's Consideration of Debt Restructuring with corporate debtor: NCLAT [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) New Delhi has held that a member may individually file for bankruptcy under Section 7 of the...
![Issuance of Demand Notice on Registered Email Address of Corporate Debtor is Sufficient u/s 8 of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Demand-notice-NCLAT-TAXSCAN.jpg "Issuance of Demand Notice on Registered Email Address of Corporate Debtor is Sufficient u/s 8 of IBC: NCLAT [Read Order]")
![State can be Secured Creditor under IBC Due to Statutory Charge Created u/s 48 of GVAT Act: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/NCLAT-IBC.jpg "State can be Secured Creditor under IBC Due to Statutory Charge Created u/s 48 of GVAT Act: NCLAT [Read Order]")
![Inadvertent Typographical Errors in NCLT Orders can be Corrected u/r 154 of NCLT Rules: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/NCLAT-NCLT-Orders-NCLT-Rules-taxscan.jpg "Inadvertent Typographical Errors in NCLT Orders can be Corrected u/r 154 of NCLT Rules: NCLAT [Read Order]")
![NCLAT Sets Aside CIRP Admission, Citing Pre-Existing Dispute Evident in Email Exchanges [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/NCLAT-NCLAT-Sets-Aside-CIRP-Admission-CIRP-Admission-taxscan.jpg "NCLAT Sets Aside CIRP Admission, Citing Pre-Existing Dispute Evident in Email Exchanges [Read Order]")
![NCLAT Dismisses Appeal Against Auction, Citing Delay and Finality of Sale Process [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/NCLAT-NCLAT-Dismisses-Appeal-Appeal-Against-Auction-taxscan.jpg "NCLAT Dismisses Appeal Against Auction, Citing Delay and Finality of Sale Process [Read Order]")
Operational Creditor cannot initiate Insolvency Proceedings When Complaints Regarding Defects Remain Unresolved: NCLT rules against Schneider Electric India Pvt. Ltd. [Read Order]
In a ruling against Schneider Electric India Pvt. Ltd., the National Company Law Tribunal (NCLT), New Delhi bench has held that an Operational Creditor cannot initiate insolvency proceedings against...
![Operational Creditor cannot initiate Insolvency Proceedings When Complaints Regarding Defects Remain Unresolved: NCLT rules against Schneider Electric India Pvt. Ltd. [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Schneider-Electric-India-Pvt.-Ltd-.jpg "Operational Creditor cannot initiate Insolvency Proceedings When Complaints Regarding Defects Remain Unresolved: NCLT rules against Schneider Electric India Pvt. Ltd. [Read Order]")
Payment Made on Specific Invoice not adjustable Against Back-Dated Invoices: NCLTÂ rejects petition filed u/s 9 of IBC [Read Order]
While rejecting a petition filed under section 9 of the Insolvency & Bankruptcy Code, 2016 (the code), the New Delhi bench of the National Company Law Tribunal (NCLT) held that when a payment...
![Payment Made on Specific Invoice not adjustable Against Back-Dated Invoices: NCLTÂ rejects petition filed u/s 9 of IBC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Corporate-debto-r-taxscan.jpg "Payment Made on Specific Invoice not adjustable Against Back-Dated Invoices: NCLTÂ rejects petition filed u/s 9 of IBC [Read Order]")
DRT Order Setting aside NPA Classification Does not Negate Existence of Financial Debt: NCLT [Read Order]
The New Delhi bench of the National Company Law Tribunal (NCLT) ruled that the existence of financial debt or the occurrence of default—the two main requirements for admitting a Section 7 petition...
![DRT Order Setting aside NPA Classification Does not Negate Existence of Financial Debt: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/DRT-NPA-Classification-NCLT-TAXSCAN.jpg "DRT Order Setting aside NPA Classification Does not Negate Existence of Financial Debt: NCLT [Read Order]")
![Non-Examination of Matter on Merits: NCLAT upholds Recall and Adjudication by NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/NCLAT-NCLAT-upholds-Recall-and-Adjudication-by-NCLT-taxscan.jpg "Non-Examination of Matter on Merits: NCLAT upholds Recall and Adjudication by NCLT [Read Order]")
Non-Appointment of Woman Director u/s 149(1) of Companies Act: Recent Judicial Trends and MCA Crackdowns [Read Order]
While going through the several adjudication orders that have been passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, we can see...
![Non-Appointment of Woman Director u/s 149(1) of Companies Act: Recent Judicial Trends and MCA Crackdowns [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Annual-Returns-MCA-Non-filing-taxscan.jpg "Non-Appointment of Woman Director u/s 149(1) of Companies Act: Recent Judicial Trends and MCA Crackdowns [Read Order]")
Income Tax Dept cannot be a Secured Creditor in Liquidation Proceedings: NCLT Disposes Canara Bank’s Application [Read Order]
The National Company Law Tribunal, Chennai bench, disposed of the application filed by the Canara Bank of India under Section 60(5) of the IBC and held that the income tax department's claim cannot...
![Income Tax Dept cannot be a Secured Creditor in Liquidation Proceedings: NCLT Disposes Canara Bank’s Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Canara-Banks-Application.jpg "Income Tax Dept cannot be a Secured Creditor in Liquidation Proceedings: NCLT Disposes Canara Bank’s Application [Read Order]")