![Adjudicating Authority’s Role Limited to Section 30(2) Compliance Check after CoC Approval with Required Majority: NCLT [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/500x300_2076278-section-302-coc-nclt-taxscan.webp "Adjudicating Authority’s Role Limited to Section 30(2) Compliance Check after CoC Approval with Required Majority: NCLT [Read Order]")
Adjudicating Authority’s Role Limited to Section 30(2) Compliance Check after CoC Approval with Required Majority: NCLT [Read Order]
The Mumbai Bench of the National Company Law Tribunal (NCLT) approved a resolution plan for Steadfast Shipping Private Limited under Section 31 of the...
![Company’s Financial Default Clearly Established and Above Threshold u/s 4(1) of IBC: NCLT Admits Plea for Insolvency [Read Order]](https://images.taxscan.in/h-upload/2025/08/11/250x150_2075493-insolvency.webp "Company’s Financial Default Clearly Established and Above Threshold u/s 4(1) of IBC: NCLT Admits Plea for Insolvency [Read Order]")
![Geetanjali Sugar Consortium Wins Bid: NCLT Approves Rs. 185 Crore Revival Plan for Lokshakti Sugar [Read Order]](https://images.taxscan.in/h-upload/2025/08/07/250x150_2074093-sugar-nclt-taxscan.webp "Geetanjali Sugar Consortium Wins Bid: NCLT Approves Rs. 185 Crore Revival Plan for Lokshakti Sugar [Read Order]")
![NCLT Admits Insolvency Plea Over ₹98 Crore Debt Arising from Inter-Corporate Loan Default [Read Order]](https://images.taxscan.in/h-upload/2025/08/02/250x150_2072255-nclt-insolvency-debt-inter-corporate-loan-taxscan.webp "NCLT Admits Insolvency Plea Over ₹98 Crore Debt Arising from Inter-Corporate Loan Default [Read Order]")
![Section 14 of IBC does not bar classification of account of CD during pendency of CIRP: NCLT [Read Order]](https://images.taxscan.in/h-upload/2025/08/01/250x150_2071982-section-14-of-ibc-act-ibc-ibc-does-not-bar-classification-bar-classification-taxscan.webp "Section 14 of IBC does not bar classification of account of CD during pendency of CIRP: NCLT [Read Order]")
![NCLAT Upholds Private Sale of Liquidation Asset Despite Higher Withdrawn Offers [Read Order]](https://images.taxscan.in/h-upload/2025/06/23/500x300_2053258-nclat-private-sale-liquidation-asset-despite-higher-withdrawn-offers-taxscan.webp "NCLAT Upholds Private Sale of Liquidation Asset Despite Higher Withdrawn Offers [Read Order]")
![NCLAT Sets Aside NCLT Order in IL&FS Case: Parties Succeed in Appeal Over Unauthorised Amendment [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2050097-nclat-nclat-sets-nclt-order-nclt-order-in-ilfs-case-taxscan.webp "NCLAT Sets Aside NCLT Order in IL&FS Case: Parties Succeed in Appeal Over Unauthorised Amendment [Read Order]")
NCLAT Dismisses Appeal by Suspended Company Director: Upholds Insolvency Against the Company [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has upheld the order of the Mumbai Bench of the NCLT that admitted a Section 7 petition against Future Ideas Company Ltd. The appeal, filed by ...
![NCLAT Dismisses Appeal by Suspended Company Director: Upholds Insolvency Against the Company [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2049810-nclat-appeal-taxscan.webp "NCLAT Dismisses Appeal by Suspended Company Director: Upholds Insolvency Against the Company [Read Order]")
![NCLAT Modifies NCLT Order Forwarding Case to SFIO: Holds Directions Beyond Jurisdiction [Read Order]](https://images.taxscan.in/h-upload/2025/06/16/500x300_2045166-nclat-nclat-modifies-nclt-order-taxscan.webp "NCLAT Modifies NCLT Order Forwarding Case to SFIO: Holds Directions Beyond Jurisdiction [Read Order]")
Liquidator must not Restrict Sale of Corporate Debtor's Assets through Private Sale to Single Buyer, Should Attract Multiple Buyers: NCLT [Read Order]
The National Company Law Tribunal (NCLT) Mumbai bench has held that the Liquidator must not restrict the private sale to a single buyer but should strategize to attract the maximum number of buyers...
![Liquidator must not Restrict Sale of Corporate Debtors Assets through Private Sale to Single Buyer, Should Attract Multiple Buyers: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/NCLT-Corporate-Debtor-NCLT-Mumbai-corporate-debtor-asset-sale-TAXSCAN.jpg "Liquidator must not Restrict Sale of Corporate Debtors Assets through Private Sale to Single Buyer, Should Attract Multiple Buyers: NCLT [Read Order]")
Advance Payment Received by Corporate Debtor for Future Supply of Goods is Operational Debt Under IBC: NCLT [Read Order]
The National Company Law Tribunal ( NCLT ) Mumbai has held that the payment received in advance by the Corporate Debtor for the future supply of goods constitutes an operational debt. Read More:...
![Advance Payment Received by Corporate Debtor for Future Supply of Goods is Operational Debt Under IBC: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/IBC-NCLT-Advance-Payment-taxscan.jpg "Advance Payment Received by Corporate Debtor for Future Supply of Goods is Operational Debt Under IBC: NCLT [Read Order]")
Corporate Debtor Not Barred From Raising Pre-Existing Dispute Even in absence of reply within period u/s 8 of IBC: NCLT [Read Order]
The National Company Law Tribunal (NCLT) Mumbai has held that failure to respond to a demand notice within 10 days under Section 8 of the Insolvency and Bankruptcy Code, 2016 (the Code) does not bar...
![Corporate Debtor Not Barred From Raising Pre-Existing Dispute Even in absence of reply within period u/s 8 of IBC: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Corporate-Debtor-NCLT-ruling-IBC-Section-8-taxscan.jpg "Corporate Debtor Not Barred From Raising Pre-Existing Dispute Even in absence of reply within period u/s 8 of IBC: NCLT [Read Order]")