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![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/2025/11/05/500x300_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]")
Financial Debt Default of over Rs. 45 Crores: NCLT Admits SBI's Application and Initiates CIRP Against Giga Pipe Systems [Read Order]
The National Company Law Tribunal (NCLT), New Delhi, has admitted an application filed by the State Bank of India (SBI) under Section 7 of...
![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/2025/10/28/250x150_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]")
![Consumer Proceedings Not Maintainable after IBC Moratorium Imposition: Bombay HC quashes Consumer Forum Order against SREI Equipment [Read Order]](https://images.taxscan.in/h-upload/2025/10/27/250x150_2100110-ibc-bombay-hc-srei-equipment-taxscan.webp "Consumer Proceedings Not Maintainable after IBC Moratorium Imposition: Bombay HC quashes Consumer Forum Order against SREI Equipment [Read Order]")
![Reason for Default Irrelevant: NCLT Admits Section 7 Petition Rejecting COVID-19 & Technical Defences [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/250x150_2099290-nclt-covid-19-technical-defences-taxscan.webp "Reason for Default Irrelevant: NCLT Admits Section 7 Petition Rejecting COVID-19 & Technical Defences [Read Order]")
![Section 7 IBC Petition for Rs. 6.49 Cr Admitted: NCLT Rejects Section 10A Bar as Default Occurred Pre-COVID and Imposes Moratorium [Read Order]](https://images.taxscan.in/h-upload/2025/10/21/250x150_2098825-section-7-ibc-petition-nclt-pre-covid-taxscan.webp "Section 7 IBC Petition for Rs. 6.49 Cr Admitted: NCLT Rejects Section 10A Bar as Default Occurred Pre-COVID and Imposes Moratorium [Read Order]")
Once a Case is Filed Against Borrower, Guarantor’s Case Must Go to the Same NCLT: NCLAT Says Filing Counts as Pendency, Not Just Admission [Read Order]
The Chennai Bench of the National Company Law Appellate Tribunal (NCLAT) upheld the admission of a Section 7 application filed against Tuscan Consultants and Developers Private Limited, holding that...
![Once a Case is Filed Against Borrower, Guarantor’s Case Must Go to the Same NCLT: NCLAT Says Filing Counts as Pendency, Not Just Admission [Read Order]](https://images.taxscan.in/h-upload/2025/08/21/500x300_2078918-nclat-taxscan.webp "Once a Case is Filed Against Borrower, Guarantor’s Case Must Go to the Same NCLT: NCLAT Says Filing Counts as Pendency, Not Just Admission [Read Order]")
Share Application Money Deposited With Corporate Debtor Not a Financial Debt u/s 5(8) of IBC: NCLAT [Read Order]
The New Delhi bench of National Company Law Appellate Tribunal ( NCLAT) has held that share application money deposited with the corporate debtor cannot be treated as financial debt under section...
IBBI notifies amendment of Regulatory Fee of Insolvency Resolution of Real Estate Project under CIRP Regulations [Read Notification]
The Insolvency and Bankruptcy Board of India (IBBI) vide notification No. IBBI/2023-24/GN/REG102 issued on 20th July 2023 has notified the amendment of regulatory fee of insolvency resolution of a...
