![Financial assistance given by Adhunik Corporation ltd can be treated as Financial Debt citing Element of Commercial Effect of Borrowing: NCLT [Read Order]](https://images.taxscan.in/h-upload/2025/08/27/500x300_2080930-financial-assistance-adhunik-corporation-ltd-financial-debt-nclt-taxscan.webp "Financial assistance given by Adhunik Corporation ltd can be treated as Financial Debt citing Element of Commercial Effect of Borrowing: NCLT [Read Order]")
Financial assistance given by Adhunik Corporation ltd can be treated as Financial Debt citing Element of Commercial Effect of Borrowing: NCLT [Read Order]
The Kolkata bench of the National Company Law Tribunal (NCLT) has held that financial assistance given by Adhunik Corporation Ltd can be treated as...
![NCLT Order Lacked Reasons or Analysis Despite ‘Analysis and Findings’ Heading: NCLAT Sets Aside Order [Read Order]](https://images.taxscan.in/h-upload/2025/08/15/250x150_2077102-nclt-order-lacked-nclat-taxscan.webp "NCLT Order Lacked Reasons or Analysis Despite ‘Analysis and Findings’ Heading: NCLAT Sets Aside Order [Read Order]")
![Calcutta HC Upholds Shifting of NCLT Premises to New Town, Dismisses appeal of NCLT Bar Association [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Calcutta-High-Court-NCLT-Bar-Association-appeal-dismissed-TAXSCAN.jpg "Calcutta HC Upholds Shifting of NCLT Premises to New Town, Dismisses appeal of NCLT Bar Association [Read Order]")
Settlement Breach Agreement between Operational Creditor and CD does not fall Under “Operational Debt” as per Section 5(21) of the IBC: NCLT
The Kolkata bench of the National Company Law Tribunal ( NCLT )has held that the breach of the settlement agreement between the operational creditor and the corporate debtor does not fall within the...
NCLT not Empowered to Set Aside Arbitral Award passed during Moratorium Period u/s 14 of IBC: NCLT [Read Order]
The Kolkata Bench of the National Company Law Tribunal ( NCLT ) held that the NCLT is not empowered to set aside arbitral award passed during moratorium period under Section 14 of the Insolvency and...
Revival of Corporate Debtor is Primary Goal of Resolution Plan and going concern Sale: NCLT [Read Order]
The Kolkata Bench of the National Company Law Tribunal ( NCLT ) held that the primary goal of the Resolution Plan as well as the sale of a Corporate Debtor as a going concern remains the same as that...
Failure to Comply with Regulation 45 of Liquidation Regulations: NCLT recommends Investigation against Liquidator
The Kolkata Bench of the National Company Law Appellate Tribunal (NCLT) recommended investigation against the liquidator on failure to comply with Regulation 45 of the Liquidation Regulations. The...
Insolvency Resolution Process cannot be maintained against the legal heirs of the Personal Guarantor: NCLT [Read Order]
The Kolkata bench of National Company Law Tribunal has held that Insolvency Resolution Process cannot be maintained against the legal heirs of the Personal Guarantor. Kilburn Chemicals (Corporate...
![Insolvency Resolution Process cannot be maintained against the legal heirs of the Personal Guarantor: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Insolvency-Resolution-Process-maintained-legal-heirs-Personal-Guarantor-NCLT-Taxscan.jpg "Insolvency Resolution Process cannot be maintained against the legal heirs of the Personal Guarantor: NCLT [Read Order]")