![₹28.5 Lakh Fraudulent Trading Liability on Suspended Directors u/s 66 IBC Set Aside: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/03/500x300_2123563-285-lakh-fraudulent-trading-liability-suspended-taxscan.webp "₹28.5 Lakh Fraudulent Trading Liability on Suspended Directors u/s 66 IBC Set Aside: NCLAT [Read Order]")
₹28.5 Lakh Fraudulent Trading Liability on Suspended Directors u/s 66 IBC Set Aside: NCLAT [Read Order]
In a recent ruling, the National Company Law Appellate Tribunal (NCLAT ), Delhi, set aside an order passed by the National Company Law Tribunal...
![Deficient Proof of Payment & Illegal Flat Allotment Render Claims Non-Creditor: NCLAT Affirms NCLT’s Dismissal of Appeals [Read Order]](https://images.taxscan.in/h-upload/2025/11/18/250x150_2106386-nclat-nclt-dismissal-taxscan.webp "Deficient Proof of Payment & Illegal Flat Allotment Render Claims Non-Creditor: NCLAT Affirms NCLT’s Dismissal of Appeals [Read Order]")
![NCLT Appoints Liquidator for Multicity Hospitalities LLP After CoC Votes to End Insolvency Process [Read Order]](https://images.taxscan.in/h-upload/2025/10/29/250x150_2100719-nclt-liquidator-for-multicity-hospitalities-multicity-hospitalities-coc-votes-taxscan.webp "NCLT Appoints Liquidator for Multicity Hospitalities LLP After CoC Votes to End Insolvency Process [Read Order]")
![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/2025/10/24/250x150_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]")
![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/2025/10/23/500x300_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]
The National Company Law Tribunal, New Delhi, has held that unconditional consent by the sole financial creditor is sufficient for withdrawal of Corporate Insolvency Resolution Process ("CIRP'') ...
![Unconditional Consent by Sole Financial Creditor is sufficient for withdrawal of CIRP Regulations: NCLT [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/500x300_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]
In a recent case, the New Delhi bench of the National Company Law Tribunal(NCLT) has held that Insolvency Bankruptcy Code Proceedings are not to recover applicants dues. Dismissed application, as the...
![IBC Proceedings are Not meant for recovery of money with respect to Solvent companies: NCLT [Read Order]](https://images.taxscan.in/h-upload/2025/08/19/500x300_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]")