![Limitation Act Cannot Extend 14‑Day Appeal Period: NCLAT Dismisses Appeal for 1616-Day Delay in Claim Rejection Challenge [Read Order]](https://images.taxscan.in/h-upload/2026/03/26/2130320-limitation-act-cannot-extend-appeal-period-nclat-dismisses-appeal-claim-rejection-challenge-.webp "Limitation Act Cannot Extend 14‑Day Appeal Period: NCLAT Dismisses Appeal for 1616-Day Delay in Claim Rejection Challenge [Read Order]")
Limitation Act Cannot Extend 14‑Day Appeal Period: NCLAT Dismisses Appeal for 1616-Day Delay in Claim Rejection Challenge [Read Order]
In a recent ruling, theNational Company Law Appellate Tribunal (NCLAT) Chennai has held that the 14-day appeal period prescribed under Section 42...
![Non-Obstante Clause Capping Liability Cannot Override Independent Interest Obligation of Guarantor: NCLAT Permits ₹67.98 Cr Claim Beyond ₹25 Cr Cap [Read Order]](https://images.taxscan.in/h-upload/2026/03/24/2130066-non-obstante-clause-capping-liability-cannot-override-independent-interest-obligation-of-guarantorjpg.webp "Non-Obstante Clause Capping Liability Cannot Override Independent Interest Obligation of Guarantor: NCLAT Permits ₹67.98 Cr Claim Beyond ₹25 Cr Cap [Read Order]")
![Temporary Relief by Bank Cannot Nullify Default: NCLT Upholds ₹95.31 Cr CIRP Application Against Corporate Debtor [Read Order]](https://images.taxscan.in/h-upload/2026/03/23/2129936-temporary-relief-by-bank-cannot-nullify-default-nclt-upholds-cirp-application-against-corporate-debtor.webp "Temporary Relief by Bank Cannot Nullify Default: NCLT Upholds ₹95.31 Cr CIRP Application Against Corporate Debtor [Read Order]")
![NCLT Upholds Limitation Based on OTS and Financial Statements, Initiates CIRP In ₹45 Cr Default against Corporate Guarantor [Read Order]](https://images.taxscan.in/h-upload/2026/03/23/2129929-nclt-upholds-limitation-based-on-ots-and-financial-statementsjpg.webp "NCLT Upholds Limitation Based on OTS and Financial Statements, Initiates CIRP In ₹45 Cr Default against Corporate Guarantor [Read Order]")
![Supreme Court Upholds IBC ‘Clean Slate’, Bars Counter-claims but Permits Set-Off Defence in Ujaas Energy Arbitration [Read Order]](https://images.taxscan.in/h-upload/2026/03/22/2129865-supreme-court-ibc-clean-slate-ujaas-energy-taxscan.webp "Supreme Court Upholds IBC ‘Clean Slate’, Bars Counter-claims but Permits Set-Off Defence in Ujaas Energy Arbitration [Read Order]")
NCLT Dismissess Liquidator’s ₹30 Lakh Fraud Plea: Non‑reflection in books not enough under IBC Sec. 66(1) [Read Order]
In a recent ruling, the National Company Law Tribunal ( NCLT ), Kochi Bench, dismissed an application filed by the liquidator of a corporate debtor seeking recovery of ₹30 lakh under Section 66(1)...
![NCLT Dismissess Liquidator’s ₹30 Lakh Fraud Plea: Non‑reflection in books not enough under IBC Sec. 66(1) [Read Order]](https://images.taxscan.in/h-upload/2026/03/22/2129854-nclt-liquidator-fraud-plea-ibc-taxscan.webp "NCLT Dismissess Liquidator’s ₹30 Lakh Fraud Plea: Non‑reflection in books not enough under IBC Sec. 66(1) [Read Order]")
Reliefs Sought Too Wide and General: NCLAT Rejects Excessive Reliefs Sought By Successful Bidder And Upholds NCLT Order [Read Order]
The National Company Law Appellate Tribunal(NCLAT), Principal Bench, New Delhi, dismissed the appeal filed by a successful bidder seeking additional reliefs and concessions beyond those granted by...
![Reliefs Sought Too Wide and General: NCLAT Rejects Excessive Reliefs Sought By Successful Bidder And Upholds NCLT Order [Read Order]](https://images.taxscan.in/h-upload/2026/03/21/2129802-reliefs-sought-too-wide-and-generaljpg.webp "Reliefs Sought Too Wide and General: NCLAT Rejects Excessive Reliefs Sought By Successful Bidder And Upholds NCLT Order [Read Order]")
NCLAT Upholds Impleadment Application And Holds Shareholders Necessary For Effective Adjudication [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Chennai Bench, upheld the order of the National Company Law Tribunal (NCLT), Hyderabad Bench allowing impleadment application and held that the...
![NCLAT Upholds Impleadment Application And Holds Shareholders Necessary For Effective Adjudication [Read Order]](https://images.taxscan.in/h-upload/2026/03/19/2129669-nclat-upholds-impleadment-application-and-holds-shareholders-necessary-for-effective-adjudication.webp "NCLAT Upholds Impleadment Application And Holds Shareholders Necessary For Effective Adjudication [Read Order]")
₹5.86 Crore Default Triggers CIRP Over Unpaid Operational Dues: NCLT Admits Insolvency Plea [Read Order]
The National Company Law Tribunal (NCLT), Ahmedabad Bench, has admitted an insolvency petition, initiating the Corporate Insolvency Resolution Process(CIRP) over unpaid operational dues. Also found...
![₹5.86 Crore Default Triggers CIRP Over Unpaid Operational Dues: NCLT Admits Insolvency Plea [Read Order]](https://images.taxscan.in/h-upload/2026/03/18/2129585-586-crore-default-triggers-cirp-over-unpaid-operational-dues-nclt-admits-insolvency-plea-site-imagejpg.webp "₹5.86 Crore Default Triggers CIRP Over Unpaid Operational Dues: NCLT Admits Insolvency Plea [Read Order]")
NCLT Admits PNB’s Insolvency Plea Over ₹74 Crore Corporate Guarantee Default, Holds Petition Within Limitation [Read Order]
The National Company Law Tribunal (NCLT) Allahabad Bench admitted Punjab National Bank’s insolvency petition under Section 7 of the Insolvency and Bankruptcy Code(IBC) against a corporate...
![NCLT Admits PNB’s Insolvency Plea Over ₹74 Crore Corporate Guarantee Default, Holds Petition Within Limitation [Read Order]](https://images.taxscan.in/h-upload/2026/03/18/2129569-nclt-admits-pnbs-insolvency-plea-over-corporate-guarantee-default-taxscan.webp "NCLT Admits PNB’s Insolvency Plea Over ₹74 Crore Corporate Guarantee Default, Holds Petition Within Limitation [Read Order]")