![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/2025/11/07/500x300_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]")
Unilateral Credit Note and Ledger Write-off Not Proof of Debt Discharge: NCLT Initiates CIRP u/s 9 of IBC [Read Order]
The National Company Law Tribunal (NCLT), Cuttack Bench, in a recent case, rejected the petitioner’s defence that an operational debt of ₹18.56 ...
![IBC’s Time-Bound Framework Bars Relief: NCLAT Refuses to Condone 389-Day Appeal Refiling Delay [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/250x150_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]")
![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/2025/11/05/250x150_2102523-partial-loan-reject-insolvency-plea-nclat-axis-bank-taxscan.webp "Partial Loan Disbursement Not a Valid Ground to Reject Insolvency Plea: NCLAT Upholds Axis Bank’s Section 7 Admission [Read Order]")
![Benefit under BIFR Scheme cannot be Claimed after Approval of Resolution Plan under IBC: NCLAT rules in favour of Axis Bank Ltd [Read Order]](https://images.taxscan.in/h-upload/2025/11/05/250x150_2102454-benefit-bifr-scheme-approval-of-resolution-plan-under-ibc-nclat-axis-bank-ltd-taxscan.webp "Benefit under BIFR Scheme cannot be Claimed after Approval of Resolution Plan under IBC: NCLAT rules in favour of Axis Bank Ltd [Read Order]")
![Supreme Court Puts NCLATs Approval on Hold to Decide on Co-op Societys Role Under IBC [Read Order]](https://images.taxscan.in/h-upload/2025/11/05/250x150_2102389-supreme-court-taxscan.webp "Supreme Court Puts NCLATs Approval on Hold to Decide on Co-op Societys Role Under IBC [Read Order]")
Supreme Court Orders Partial Restoration of PMLA-Attached Properties to Protect Home Buyers in Udaipur Entertainment Case [Read Order]
In a significant order balancing the objectives of the Insolvency and Bankruptcy Code (IBC) and the Prevention of Money Laundering Act (PMLA), the Supreme Court partially set aside a provisional...
![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/2025/11/05/500x300_2102383-homebuyers-sc-taxscan.webp "Supreme Court Orders Partial Restoration of PMLA-Attached Properties to Protect Home Buyers in Udaipur Entertainment Case [Read Order]")
Preference Shareholders Not Financial Creditors Under IBC: Supreme Court Upholds NCLAT Verdict in EPC Constructions [Read Order]
The Supreme Court has dismissed the appeal filed by EPC Constructions India Limited through its Liquidator by upholding the National Company Law Appellate Tribunal (NCLAT) and National Company Law ...
![Preference Shareholders Not Financial Creditors Under IBC: Supreme Court Upholds NCLAT Verdict in EPC Constructions [Read Order]](https://images.taxscan.in/h-upload/2025/11/05/500x300_2102379-shareholders-ibc-sc-taxscan.webp "Preference Shareholders Not Financial Creditors Under IBC: Supreme Court Upholds NCLAT Verdict in EPC Constructions [Read Order]")
![NCLT Initiates Insolvency against Labhanshi Multitrade Over Rs. 1.17 Crore Default [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/500x300_2101500-ncl-insolvency-taxscan.webp "NCLT Initiates Insolvency against Labhanshi Multitrade Over Rs. 1.17 Crore Default [Read Order]")
![NCLAT dismisses Wadhawans Appeal, Upholds Insolvency Proceedings against PPIL [Read Order]](https://images.taxscan.in/h-upload/2025/10/28/500x300_2100437-nclat-dismisses-wadhawan-appeal-upholds-insolvency-proceedings-ppil-taxscan.webp "NCLAT dismisses Wadhawans Appeal, Upholds Insolvency Proceedings against PPIL [Read Order]")
NCLT Sanctions Resolution Plan u/s 30(6) After NCLAT Upholds Asset Valuation and Creditor Protections u/s 30(2) [Read Order]
The National Company Law Tribunal (NCLT) approved the resolution plan under Section 30(6) of the Insolvency and Bankruptcy Code after the National Company Law Appellate Tribunal (NCLAT) upheld its...
![NCLT Sanctions Resolution Plan u/s 30(6) After NCLAT Upholds Asset Valuation and Creditor Protections u/s 30(2) [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/500x300_2099503-nclt-resolution-plan-taxscan.webp "NCLT Sanctions Resolution Plan u/s 30(6) After NCLAT Upholds Asset Valuation and Creditor Protections u/s 30(2) [Read Order]")
Directors Remain Criminally Liable for Dishonoured Cheques Despite Company Insolvency: Orissa HC [Read Order]
In a recent ruling, the Orissa High Court observed that directors of a company cannot escape criminal liability for cheque dishonour merely because the company has been declared insolvent. ...
![Directors Remain Criminally Liable for Dishonoured Cheques Despite Company Insolvency: Orissa HC [Read Order]](https://images.taxscan.in/h-upload/2025/10/18/500x300_2097622-cheque-dishonoured-taxscan.webp "Directors Remain Criminally Liable for Dishonoured Cheques Despite Company Insolvency: Orissa HC [Read Order]")
NCLAT dismisses personal guarantors' appeals against Bank of Baroda, upholds lower court's direction for document inspection [Read Order]
In a recent ruling, the National Company Law Appellate Tribunal (NCLAT) dismissed appeals filed by personal guarantors, upholding the National Company Law Tribunal's (NCLT) order that had...
![NCLAT dismisses personal guarantors appeals against Bank of Baroda, upholds lower courts direction for document inspection [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096848-nclat-bank-of-baroda-taxscan.webp "NCLAT dismisses personal guarantors appeals against Bank of Baroda, upholds lower courts direction for document inspection [Read Order]")