![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]")
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...
![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/2025/11/06/250x150_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/2025/11/05/250x150_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 SBIs Application and Initiates CIRP Against Giga Pipe Systems [Read Order]](https://images.taxscan.in/h-upload/2025/11/05/250x150_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]](https://images.taxscan.in/h-upload/2025/11/07/250x150_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]")
Supreme Court Backs Byju's, rejects US Lender Glas Trust's Plea against NCLT’s Order on Aakash’s Equity Rights Issue
In a recent ruling, the Supreme Court of India has dismissed appeals filed by US-based lender GLAS Trust Company LLC and the Insolvency Resolution Professional of Byju's, upholding an NCLAT order...
NCLAT allows Liquidator to remove Auctioned Assets, rejects Reliance Realty's Ownership Claims and Obstruction of Sale Process [Read Order]
In a recent ruling, the National Company Law Appellate Tribunal (NCLAT), Principal Bench, dismissed an appeal by Reliance Realty Limited, upholding a National Company Law Tribunal (NCLT) order that...
![NCLAT allows Liquidator to remove Auctioned Assets, rejects Reliance Realtys Ownership Claims and Obstruction of Sale Process [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/500x300_2102710-reliance-nclat-allows-liquidator-ownership-claims-taxscan.webp "NCLAT allows Liquidator to remove Auctioned Assets, rejects Reliance Realtys Ownership Claims and Obstruction of Sale Process [Read Order]")
NCLAT Upholds Denial of Access to Rejected Valuation Reports, Affirms Distinction Between CoC Members and Participants [Read Order]
In a recent ruling, the National Company Law Appellate Tribunal (NCLAT), Principal Bench, dismissed an appeal by Manish Bagrodia, an ex-director of Winsome Yarns Limited, upholding a National...
![NCLAT Upholds Denial of Access to Rejected Valuation Reports, Affirms Distinction Between CoC Members and Participants [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/500x300_2102703-nclat-valuation-reports-coc-members-and-participants-coc-members-taxscan.webp "NCLAT Upholds Denial of Access to Rejected Valuation Reports, Affirms Distinction Between CoC Members and Participants [Read Order]")
Partial Loan Disbursement Not a Valid Ground to Reject Insolvency Plea: NCLAT Upholds Axis Bank’s Section 7 Admission [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) upheld the Adjudicating Authority’s decision admitting Axis Bank’s Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), application ...
![Partial Loan Disbursement Not a Valid Ground to Reject Insolvency Plea: NCLAT Upholds Axis Bank’s Section 7 Admission [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/500x300_2102690-partial-loan-insolvency-plea-nclat-axis-banks-partial-loan-disbursement-taxscan.webp "Partial Loan Disbursement Not a Valid Ground to Reject Insolvency Plea: NCLAT Upholds Axis Bank’s Section 7 Admission [Read Order]")
NCLAT Stays CCI’s Five-Year Ban on WhatsApp–Meta Data Use for Ads, Orders Partial Penalty Deposit [Read Order]
The Principal Bench of the National Company Law Appellate Tribunal (NCLAT), New Delhi, has granted partial interim relief to WhatsApp LLC and its parent company, Meta Platforms Inc., against a...
![NCLAT Stays CCI’s Five-Year Ban on WhatsApp–Meta Data Use for Ads, Orders Partial Penalty Deposit [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/500x300_2102670-whataapp-meta-taxscan.webp "NCLAT Stays CCI’s Five-Year Ban on WhatsApp–Meta Data Use for Ads, Orders Partial Penalty Deposit [Read Order]")