![No Grounds made out to Interfere with Impugned Order: NCLAT Upholds Rejection of Resolution Plan Valued at ₹74 Lakh [Read Order]](https://images.taxscan.in/h-upload/2026/02/06/500x300_2124014-no-grounds-made-interfere-impugned-order-nclat-upholds-rejection-resolution.webp "No Grounds made out to Interfere with Impugned Order: NCLAT Upholds Rejection of Resolution Plan Valued at ₹74 Lakh [Read Order]")
No Grounds made out to Interfere with Impugned Order: NCLAT Upholds Rejection of Resolution Plan Valued at ₹74 Lakh [Read Order]
The National Company Law Appellate Tribunal (NCLAT) Principal Bench at New Delhi, has declined to interfere with an order rejecting a resolution plan...
![NCLAT sets aside Dismissal of S. 95 IBC Pleas Filed by Canara Bank against Personal Guarantors[Read Order]](https://images.taxscan.in/h-upload/2026/02/06/250x150_2123983-nclat-sets-aside-dismissal-s-95-ibc-pleas-filed-canara-bank-against-personal-guarantors.webp "NCLAT sets aside Dismissal of S. 95 IBC Pleas Filed by Canara Bank against Personal Guarantors[Read Order]")
![Related Party Nexus Between Financial Creditor and Corporate Debtor Pierces Corporate Veil: NCLAT Recall S. 7 Admission Order [Read Order]](https://images.taxscan.in/h-upload/2026/02/02/250x150_2123450-related-party-nexus-between-financial-creditor-corporate-debtor-pierces-corporate-veil-nclat-taxscan.webp "Related Party Nexus Between Financial Creditor and Corporate Debtor Pierces Corporate Veil: NCLAT Recall S. 7 Admission Order [Read Order]")
![Municipal Property Tax Dues Recognised as Secured Claims In Liquidation: NCLAT Holds KMC as a Secured Creditor [Read Order]](https://images.taxscan.in/h-upload/2026/01/28/250x150_2122230-municipal-property-tax-dues-recognised-secured-claims-liquidation-nclat.webp "Municipal Property Tax Dues Recognised as Secured Claims In Liquidation: NCLAT Holds KMC as a Secured Creditor [Read Order]")
![Corporate Law Case Digest: Key NCLT Rulings of 2025 [Part 2]](https://images.taxscan.in/h-upload/2026/01/09/250x150_2117990-nclt-case-digest-2025-part-2.webp "Corporate Law Case Digest: Key NCLT Rulings of 2025 [Part 2]")
Belated Proforma Invoice for Consultancy Cannot Override Financial Debt: NCLAT Upholds NCLT's Section 7 Admission [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has, in a recent case, upheld section 7 admission against the corporate debtor (CD) and held that a belated proforma invoice claiming consultancy...
![Belated Proforma Invoice for Consultancy Cannot Override Financial Debt: NCLAT Upholds NCLTs Section 7 Admission [Read Order]](https://images.taxscan.in/h-upload/2026/01/02/500x300_2116705-belated-proforma-invoice-consultancy-cannot-override-financial-debt-nclat.webp "Belated Proforma Invoice for Consultancy Cannot Override Financial Debt: NCLAT Upholds NCLTs Section 7 Admission [Read Order]")
Non‑Cooperation with RP and Related‑Party Diversions Prove Intent to Defraud Creditors: NCLAT Upholds S.66 Directions Against Directors [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, has upheld an NCLT Kolkata order directing the suspended directors of Dagcon (India) Pvt. Ltd. to contribute over ₹10.54 crore...
![Non‑Cooperation with RP and Related‑Party Diversions Prove Intent to Defraud Creditors: NCLAT Upholds S.66 Directions Against Directors [Read Order]](https://images.taxscan.in/h-upload/2025/12/17/500x300_2112868-non-cooperation-rp-related-party-diversions-prove-intent-defraud-creditors-taxscan.webp "Non‑Cooperation with RP and Related‑Party Diversions Prove Intent to Defraud Creditors: NCLAT Upholds S.66 Directions Against Directors [Read Order]")
Unexplained ₹10.54 Cr Cash Withdrawals Show Intent to Defraud Under S.66 IBC: NCLAT Upholds NCLT Order Against Directors [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, in a recent case has held that the unexplained Rs 10.54 cr withdrawals demonstrated an intent to defraud creditors, attracting...
![Unexplained ₹10.54 Cr Cash Withdrawals Show Intent to Defraud Under S.66 IBC: NCLAT Upholds NCLT Order Against Directors [Read Order]](https://images.taxscan.in/h-upload/2025/12/17/500x300_2112853-cash-withdrawals-show-intent-defraud-under-nclat-nclt-order-against-directors-taxscan.webp "Unexplained ₹10.54 Cr Cash Withdrawals Show Intent to Defraud Under S.66 IBC: NCLAT Upholds NCLT Order Against Directors [Read Order]")
Corporate Guarantee Constitutes Financial Debt u/s 5(8)(i): NCLAT Upholds NCLT’s Admission of S.7 Petition [Read Order]
In a recent case, the principal bench of the National Company Law Appellate Tribunal (NCLAT), New Delhi, upheld the order of the National Company Law Tribunal (NCLT), which had admitted a Section 7...
![Corporate Guarantee Constitutes Financial Debt u/s 5(8)(i): NCLAT Upholds NCLT’s Admission of S.7 Petition [Read Order]](https://images.taxscan.in/h-upload/2025/11/27/500x300_2108364-nclat-new-dehi-nclt-corporate-guarantee-taxscan.webp "Corporate Guarantee Constitutes Financial Debt u/s 5(8)(i): NCLAT Upholds NCLT’s Admission of S.7 Petition [Read Order]")
NCLAT Invokes S. 231 to Oversee Corporate Debtor Revival, Grants Final 60‑Day Extension for Arrangement Scheme Implementation [Read Order]
In a significant ruling, the National Company Law Appellate Tribunal (NCLAT), Chennai, has invoked its supervisory power of Tribunal under section 231 and granted a final 60-day extension to...
![NCLAT Invokes S. 231 to Oversee Corporate Debtor Revival, Grants Final 60‑Day Extension for Arrangement Scheme Implementation [Read Order]](https://images.taxscan.in/h-upload/2025/11/27/500x300_2108360-nclat-invokes-oversee-corporate-debtor-revival-grants-final-extension-arrangement-scheme-implementation-taxscan.webp "NCLAT Invokes S. 231 to Oversee Corporate Debtor Revival, Grants Final 60‑Day Extension for Arrangement Scheme Implementation [Read Order]")
Past GST Dues Extinguished on Sale of Corporate Debtor as Going Concern: Calcutta HC Quashes ₹4.28 Cr Demand [Read Order]
The Calcutta High Court has quashed a ₹4.28 crore Goods and Services Tax (GST) demand raised for the financial year 2019–20 against a corporate debtor (CD) sold in liquidation as a going concern,...
![Past GST Dues Extinguished on Sale of Corporate Debtor as Going Concern: Calcutta HC Quashes ₹4.28 Cr Demand [Read Order]](https://images.taxscan.in/h-upload/2025/11/29/500x300_2108753-corporate-debtor-calcutta-hc-taxscan.jfif "Past GST Dues Extinguished on Sale of Corporate Debtor as Going Concern: Calcutta HC Quashes ₹4.28 Cr Demand [Read Order]")
Fraudulent Diversion of ₹1.20 Cr Corporate Debtor Funds via Unauthorised Accounts Proved: NCLAT Upholds NCLT Order u/s 66 [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Chennai, has upheld an order of the Kochi Bench of the National Company Law Tribunal (NCLT) directing two suspended directors of. to jointly and...
![Fraudulent Diversion of ₹1.20 Cr Corporate Debtor Funds via Unauthorised Accounts Proved: NCLAT Upholds NCLT Order u/s 66 [Read Order]](https://images.taxscan.in/h-upload/2025/11/20/500x300_2106927-corporate-debtor-unauthorised-accounts-nclat-nclt-taxscan.webp "Fraudulent Diversion of ₹1.20 Cr Corporate Debtor Funds via Unauthorised Accounts Proved: NCLAT Upholds NCLT Order u/s 66 [Read Order]")