![Unilateral Accounting Adjustments cannot Revive ₹1.4 Crore Operational Debt beyond Limitation: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/24/2126848-unilateral-accounting-adjustments-operational-debt-beyond-limitation-taxscan.webp "Unilateral Accounting Adjustments cannot Revive ₹1.4 Crore Operational Debt beyond Limitation: NCLAT [Read Order]")
Unilateral Accounting Adjustments cannot Revive ₹1.4 Crore Operational Debt beyond Limitation: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has rejected the appeal filed by Heena Metal Private Limited holding that unilateral...
![IBBI Launches Revised LIQ Forms for Liquidation Process [Read Circular]](https://images.taxscan.in/h-upload/2026/01/06/2117290-ibbi-launches-revised-liq-forms-liquidation-taxscan.jfif "IBBI Launches Revised LIQ Forms for Liquidation Process [Read Circular]")
![Annual Corporate Law Case Digests : NCLAT Rulings of 2025 [Part 3]](https://images.taxscan.in/h-upload/2025/12/30/2115859-nclat-annual-case-digest-2025-part-3-taxscan.webp "Annual Corporate Law Case Digests : NCLAT Rulings of 2025 [Part 3]")
![Pre-IBC GST Dues Stand Extinguished After Final NCLT Approval of Resolution Plan: Delhi HC in Patanjali Foods Case [Read Order]](https://images.taxscan.in/h-upload/2025/12/16/2112589-patanjali-site-image.webp "Pre-IBC GST Dues Stand Extinguished After Final NCLT Approval of Resolution Plan: Delhi HC in Patanjali Foods Case [Read Order]")
![Income Tax Demands Against Empee Distilleries Extinguished After Approval of Resolution Plan: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/12/05/2110343-income-tax-demands-against-empee-distilleries-extinguished-approval-resolution-madras-hc-taxscan.webp "Income Tax Demands Against Empee Distilleries Extinguished After Approval of Resolution Plan: Madras HC [Read Order]")
BUDS have No Precedence over proceedings under SARFAESI Act or IBC: Kerala HC rules in case of HDB Financial Services [Read Order]
While considering a writ petition filed by the HDB Financial Services Limited, the Kerala High Court has held that attachment under the Banning of Unregulated Deposit Schemes Act does not have...
![BUDS have No Precedence over proceedings under SARFAESI Act or IBC: Kerala HC rules in case of HDB Financial Services [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/BUDS-No-Precedence-over-proceedings-proceedings-under-SARFAESI-Act-or-IBC-SARFAESI-Act-IBC-Kerala-HC-Kerala-HC-rules-HDB-Financial-Services-taxscan.jpg "BUDS have No Precedence over proceedings under SARFAESI Act or IBC: Kerala HC rules in case of HDB Financial Services [Read Order]")
Application u/s 9 of IBC can be Rejected on Initiation of Arbitration Proceedings before Issuance of Demand Notice: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) has decided that the commencement of arbitration proceedings prior to the demand notice being issued under section 8 of the...
NCLAT sets aside Admission of S.7 Application upon Finding Transaction was in Nature of 'Operational Debt' [Read Order]
The New Delhi bench of National Company Law Appellate Tribunal ( NCLAT ) have set aside the admission of application under Section 7 of the Insolvency and Bankruptcy Code, 2016, being not...
Status Report in Criminal Proceeding Have No Bearing on Deciding Application u/s 7 Of IBC: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellant Tribunal (NCLAT) has held that Status status report submitted in a criminal proceeding regarding allegations of fraud and forgery can have no...
![Status Report in Criminal Proceeding Have No Bearing on Deciding Application u/s 7 Of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Status-Report-in-Criminal-Proceeding-No-Bearing-on-Deciding-Application-NCLAT-IBC-New-Delhi-bench-NCLT-admitted-their-section-7-application-IBCs-goal-Corporate-Debtors-allottees-Taxscan.jpg "Status Report in Criminal Proceeding Have No Bearing on Deciding Application u/s 7 Of IBC: NCLAT [Read Order]")
Director Of Liquidated Company had no Power When RP Took Charge as per IBC: Telangana HC Quashes Proceedings Against Ex-Director Of Company [Read Order]
The High Court of Telangana has held that the director of the liquidated company had no power when Resolution Professional (RP) took charge as per Insolvency Bankruptcy Code (IBC), 2016. The bench...
