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 ...
![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/2025/11/06/250x150_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]")
![NCLT Admits IDBI Banks Petition, initiates CIRP against Wind World Infrastructure for Default of over ₹55 Crore [Read Order]](https://images.taxscan.in/h-upload/2025/11/05/250x150_2102496-nclt-idbi-bank-cirp-world-infrastructure-nclt-admits-idbi-banks-petition-taxscan.webp "NCLT Admits IDBI Banks Petition, initiates CIRP against Wind World Infrastructure for Default of over ₹55 Crore [Read Order]")
![Supreme Court Orders Partial Restoration of PMLA-Attached Properties to Protect Home Buyers in Udaipur Entertainment Case [Read Order]](https://images.taxscan.in/h-upload/2025/11/05/250x150_2102383-homebuyers-sc-taxscan.webp "Supreme Court Orders Partial Restoration of PMLA-Attached Properties to Protect Home Buyers in Udaipur Entertainment Case [Read Order]")
![NCLT Admits S. 9 Application, Initiates CIRP Against Tirumalla Agro Industries for ₹1.11 Crore Default [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/250x150_2102315-nclt-cirp-cirp-against-tirumalla-agro-industries-tirumalla-agro-industries-taxscan-.webp "NCLT Admits S. 9 Application, Initiates CIRP Against Tirumalla Agro Industries for ₹1.11 Crore Default [Read Order]")
Gujarat HC Upholds NCLT’s Power to Direct Lessee to Vacate Corporate Debtor’s Property [Read Order]
The Gujarat High Court has dismissed a writ petition challenging an order of the National Company Law Tribunal (NCLT), upholding the Tribunal's jurisdiction to direct a lessee to vacate a corporate...
![Gujarat HC Upholds NCLT’s Power to Direct Lessee to Vacate Corporate Debtor’s Property [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102349-gujarat-hc-nclt-corporate-debtor-corporate-debtors-property-taxscan.webp "Gujarat HC Upholds NCLT’s Power to Direct Lessee to Vacate Corporate Debtor’s Property [Read Order]")
Lease Termination During Moratorium Invalid u/s 14: NCLAT Quashes GIDC’s Action, Sets Aside NCLT Order Remitting Resolution Plan [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, Delhi, has ruled that Gujarat Industrial Development Corporation’s (GIDC) lease termination against GPT Steel Industries Ltd....
![Lease Termination During Moratorium Invalid u/s 14: NCLAT Quashes GIDC’s Action, Sets Aside NCLT Order Remitting Resolution Plan [Read Order]](https://images.taxscan.in/h-upload/2025/10/28/500x300_2100484-lease-termination-moratorium-nclat-nclt-taxscan.webp "Lease Termination During Moratorium Invalid u/s 14: NCLAT Quashes GIDC’s Action, Sets Aside NCLT Order Remitting Resolution Plan [Read Order]")
![NCLT Admits CIRP against Garima Real Estate for Defaulting on Rs. 1.15 Crore Debt to Investors [Read Order]](https://images.taxscan.in/h-upload/2025/10/28/500x300_2100441-nclt-cirp-garima-real-estate-taxscan.webp "NCLT Admits CIRP against Garima Real Estate for Defaulting on Rs. 1.15 Crore Debt to Investors [Read Order]")
Stakeholders Consultation Committee Backed Resolution Approved: NCLT Replaces Liquidator under Regulation 31A of IBBI [Read Order]
The Cochin bench of the National Company Law Tribunal (NCLT) approved the replacement of Liquidator Sri K.C. Padmakumar with Sri Sreenivasan P.R., following a resolution passed by the Stakeholders’...
![Stakeholders Consultation Committee Backed Resolution Approved: NCLT Replaces Liquidator under Regulation 31A of IBBI [Read Order]](https://images.taxscan.in/h-upload/2025/10/27/500x300_2100122-ibbi-nclt-cochin-stakeholders-consultation-committee-taxscan.webp "Stakeholders Consultation Committee Backed Resolution Approved: NCLT Replaces Liquidator under Regulation 31A of IBBI [Read Order]")
![No Illegibilities u/s 11 of IBC: NCLT Admits CIRP u/s 10 Amid COVID-19 Losses [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/500x300_2099306-nclt-cirp-taxscan.webp "No Illegibilities u/s 11 of IBC: NCLT Admits CIRP u/s 10 Amid COVID-19 Losses [Read Order]")
NCLT Upholds Rs. 1.03 Crore Operational Debt Despite 24% Interest Challenge, Initiates CIRP u/s 9 [Read Order]
The Ahmedabad bench of the National Company Law Tribunal (NCLT) held that under Section 9(5) of the IBC, 2016, a dispute limited to interest does not amount to a pre-existing dispute and therefore...
![NCLT Upholds Rs. 1.03 Crore Operational Debt Despite 24% Interest Challenge, Initiates CIRP u/s 9 [Read Order]](https://images.taxscan.in/h-upload/2025/10/22/500x300_2099040-operational-debt-taxscan.webp "NCLT Upholds Rs. 1.03 Crore Operational Debt Despite 24% Interest Challenge, Initiates CIRP u/s 9 [Read Order]")
![NCLT initiates CIRP against Aban Offshore Insolvency, allows application by PNB [Read Order]](https://images.taxscan.in/h-upload/2025/10/17/500x300_2097481-nclt-cirp-aban-offshore-insolvency-taxscan.webp "NCLT initiates CIRP against Aban Offshore Insolvency, allows application by PNB [Read Order]")