![Debt Acknowledgement Overcomes Limitation Defence: NCLT Admits CIRP u/s 7 on ₹147 Cr Claim of Punjab National Bank [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/500x300_2099581-punjab-national-bank-taxscan.webp "Debt Acknowledgement Overcomes Limitation Defence: NCLT Admits CIRP u/s 7 on ₹147 Cr Claim of Punjab National Bank [Read Order]")
Debt Acknowledgement Overcomes Limitation Defence: NCLT Admits CIRP u/s 7 on ₹147 Cr Claim of Punjab National Bank [Read Order]
The New Delhi Bench of the National Company Law Tribunal (NCLT) admitted a Section 7 petition filed by Punjab National Bank against M/s Shriram Skill...
![Non-Cooperation by Management: NCLT Upholds 92.53% CoC Vote for Liquidation u/s 33(2) After Failed CIRP [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/250x150_2099513-nclt-liquidation-taxscan.webp "Non-Cooperation by Management: NCLT Upholds 92.53% CoC Vote for Liquidation u/s 33(2) After Failed CIRP [Read Order]")
![No Illegibilities u/s 11 of IBC: NCLT Admits CIRP u/s 10 Amid COVID-19 Losses [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/250x150_2099306-nclt-cirp-taxscan.webp "No Illegibilities u/s 11 of IBC: NCLT Admits CIRP u/s 10 Amid COVID-19 Losses [Read Order]")
![Unconditional Consent by Sole Financial Creditor is sufficient for withdrawal of CIRP Regulations: NCLT [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/250x150_2085515-cirp-withdrawal-nclat-taxscan.webp "Unconditional Consent by Sole Financial Creditor is sufficient for withdrawal of CIRP Regulations: NCLT [Read Order]")
![IBC Proceedings are Not meant for recovery of money with respect to Solvent companies: NCLT [Read Order]](https://images.taxscan.in/h-upload/2025/08/19/250x150_2078260-nclt-taxscan.webp "IBC Proceedings are Not meant for recovery of money with respect to Solvent companies: NCLT [Read Order]")
Provisions of moratorium Not applicable to transactions which might be notified by Central Government: NCLT admits Insolvency Application [Read Order]
In a recent case, the National Company Law Tribunal (NCLT) New Delhi Bench has held that provisions of moratorium is not applicable to transactions which might be notified by Central Government...
![Provisions of moratorium Not applicable to transactions which might be notified by Central Government: NCLT admits Insolvency Application [Read Order]](https://images.taxscan.in/h-upload/2025/08/18/500x300_2077891-nclt-admits-insolvency-apllication-nclt-insolvency-apllication-taxscan.webp "Provisions of moratorium Not applicable to transactions which might be notified by Central Government: NCLT admits Insolvency Application [Read Order]")
![NCLT cannot Suo Moto Restore Name of Struck-Off Company under Companies Act: NCLT [Read Order]](https://images.taxscan.in/h-upload/2025/08/08/500x300_2074324-nclt-restore-name-struck-company-under-companies-act-nclt-taxscan.webp "NCLT cannot Suo Moto Restore Name of Struck-Off Company under Companies Act: NCLT [Read Order]")
![FD Amounts to Asset of Corporate Debtor: NCLT Allows Custody to RP [Read Order]](https://images.taxscan.in/h-upload/2025/08/08/500x300_2074316-corporate-debtor-nclt-taxscan.webp "FD Amounts to Asset of Corporate Debtor: NCLT Allows Custody to RP [Read Order]")
CIRP Cannot be Shield to Corporate Applicant to avoid Legally Recoverable Government Obligations: NCLT [Read Order]
The National Company Law Tribunal New Delhi Bench held that the Corporate Applicant cannot take the shield of Corporate Insolvency Resolution Process (CIRP) to avoid the legally recoverable...
![CIRP Cannot be Shield to Corporate Applicant to avoid Legally Recoverable Government Obligations: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/Application-us-7-of-IBC-Acceptable-as-Exist-of-Financial-Debt-and-Default-NCLT-TAXSCAN.jpg "CIRP Cannot be Shield to Corporate Applicant to avoid Legally Recoverable Government Obligations: NCLT [Read Order]")
DRT Order Setting aside NPA Classification Does not Negate Existence of Financial Debt: NCLT [Read Order]
The New Delhi bench of the National Company Law Tribunal (NCLT) ruled that the existence of financial debt or the occurrence of default—the two main requirements for admitting a Section 7 petition...
![DRT Order Setting aside NPA Classification Does not Negate Existence of Financial Debt: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/DRT-NPA-Classification-NCLT-TAXSCAN.jpg "DRT Order Setting aside NPA Classification Does not Negate Existence of Financial Debt: NCLT [Read Order]")
Claim for liquidated damages require adjudication before Civil Court: NCLT dismisses Actor Akshay Kumar's Insolvency Petition [Read Order]
Recently the National Company Law Tribunal ( NCLT ), New Delhi bench in a recent case has dismissed petition filed by Bollywood actor Akshay Kumar, seeking initiation of insolvency proceedings...
![Claim for liquidated damages require adjudication before Civil Court: NCLT dismisses Actor Akshay Kumars Insolvency Petition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Claim-for-liquidated-damages-adjudication-Civil-Court-NCLT-Actor-Akshay-Kumars-Insolvency-Petition-taxscan.jpg "Claim for liquidated damages require adjudication before Civil Court: NCLT dismisses Actor Akshay Kumars Insolvency Petition [Read Order]")
No Provision in IBC states on issuance of multiple demand notices prior to filing of petition u/s 9 of IBC: NCLT [Read Order]
The New Delhi bench of the National Company Law Tribunal ( NCLT ) has held that the Insolvency Bankruptcy Code ( IBC ), 2016 does not provide issuance of multiple demand notices before filing of...
