![SC Rejects Recall Plea Against SLP Order, Upholds Subsequent OTS & CIRP Withdrawal Cannot Reopen Concluded Proceedings [Read Judgement]](https://images.taxscan.in/h-upload/2026/03/25/2130183-sc-rejects-recall-plea-against-slp-order-upholds-subsequent-ots.webp "SC Rejects Recall Plea Against SLP Order, Upholds Subsequent OTS & CIRP Withdrawal Cannot Reopen Concluded Proceedings [Read Judgement]")
SC Rejects Recall Plea Against SLP Order, Upholds Subsequent OTS & CIRP Withdrawal Cannot Reopen Concluded Proceedings [Read Judgement]
The Supreme Court of India has dismissed a Miscellaneous Application filed by a party seeking to recall a previous order of the Court dismissing a...
![Temporary Relief by Bank Cannot Nullify Default: NCLT Upholds ₹95.31 Cr CIRP Application Against Corporate Debtor [Read Order]](https://images.taxscan.in/h-upload/2026/03/23/2129936-temporary-relief-by-bank-cannot-nullify-default-nclt-upholds-cirp-application-against-corporate-debtor.webp "Temporary Relief by Bank Cannot Nullify Default: NCLT Upholds ₹95.31 Cr CIRP Application Against Corporate Debtor [Read Order]")
![NCLT Upholds Limitation Based on OTS and Financial Statements, Initiates CIRP In ₹45 Cr Default against Corporate Guarantor [Read Order]](https://images.taxscan.in/h-upload/2026/03/23/2129929-nclt-upholds-limitation-based-on-ots-and-financial-statementsjpg.webp "NCLT Upholds Limitation Based on OTS and Financial Statements, Initiates CIRP In ₹45 Cr Default against Corporate Guarantor [Read Order]")
![Supreme Court Upholds IBC ‘Clean Slate’, Bars Counter-claims but Permits Set-Off Defence in Ujaas Energy Arbitration [Read Order]](https://images.taxscan.in/h-upload/2026/03/22/2129865-supreme-court-ibc-clean-slate-ujaas-energy-taxscan.webp "Supreme Court Upholds IBC ‘Clean Slate’, Bars Counter-claims but Permits Set-Off Defence in Ujaas Energy Arbitration [Read Order]")
![Reliefs Sought Too Wide and General: NCLAT Rejects Excessive Reliefs Sought By Successful Bidder And Upholds NCLT Order [Read Order]](https://images.taxscan.in/h-upload/2026/03/21/2129802-reliefs-sought-too-wide-and-generaljpg.webp "Reliefs Sought Too Wide and General: NCLAT Rejects Excessive Reliefs Sought By Successful Bidder And Upholds NCLT Order [Read Order]")
₹5.86 Crore Default Triggers CIRP Over Unpaid Operational Dues: NCLT Admits Insolvency Plea [Read Order]
The National Company Law Tribunal (NCLT), Ahmedabad Bench, has admitted an insolvency petition, initiating the Corporate Insolvency Resolution Process(CIRP) over unpaid operational dues. Also found...
![₹5.86 Crore Default Triggers CIRP Over Unpaid Operational Dues: NCLT Admits Insolvency Plea [Read Order]](https://images.taxscan.in/h-upload/2026/03/18/2129585-586-crore-default-triggers-cirp-over-unpaid-operational-dues-nclt-admits-insolvency-plea-site-imagejpg.webp "₹5.86 Crore Default Triggers CIRP Over Unpaid Operational Dues: NCLT Admits Insolvency Plea [Read Order]")
NCLT Admits PNB’s Insolvency Plea Over ₹74 Crore Corporate Guarantee Default, Holds Petition Within Limitation [Read Order]
The National Company Law Tribunal (NCLT) Allahabad Bench admitted Punjab National Bank’s insolvency petition under Section 7 of the Insolvency and Bankruptcy Code(IBC) against a corporate...
![NCLT Admits PNB’s Insolvency Plea Over ₹74 Crore Corporate Guarantee Default, Holds Petition Within Limitation [Read Order]](https://images.taxscan.in/h-upload/2026/03/18/2129569-nclt-admits-pnbs-insolvency-plea-over-corporate-guarantee-default-taxscan.webp "NCLT Admits PNB’s Insolvency Plea Over ₹74 Crore Corporate Guarantee Default, Holds Petition Within Limitation [Read Order]")
Reassessment Invalid after Approval Of CIRP Resolution: ITAT upholds Deletion of ₹6.41 Cr Addition on Undisclosed Income [Read Order]
The Income Tax Appellate Tribunal (ITAT) upheld deleting the addition of ₹6.41 crore on the basis of the undisclosed income was upheld by the Delhi Bench of the Income Tax Appellate Tribunal (ITAT)...
![Reassessment Invalid after Approval Of CIRP Resolution: ITAT upholds Deletion of ₹6.41 Cr Addition on Undisclosed Income [Read Order]](https://images.taxscan.in/h-upload/2026/03/12/2128980-reassessment-invalid-after-approval-of-cirp-resolution.webp "Reassessment Invalid after Approval Of CIRP Resolution: ITAT upholds Deletion of ₹6.41 Cr Addition on Undisclosed Income [Read Order]")
NCLT Initiates Voluntary CIRP Against IMFL Manufacturer a After Establishing ₹1.80 Crore Financial Default [Read Order]
The National Company Law Tribunal, Chandigarh Bench has accepted the voluntary insolvency petition under Section 10 of the Insolvency and Bankruptcy Code, 2016 (IBC), filed by an Indian Made...
![NCLT Initiates Voluntary CIRP Against IMFL Manufacturer a After Establishing ₹1.80 Crore Financial Default [Read Order]](https://images.taxscan.in/h-upload/2026/03/09/2128484-nclt-2jpg.webp "NCLT Initiates Voluntary CIRP Against IMFL Manufacturer a After Establishing ₹1.80 Crore Financial Default [Read Order]")
NCLT Rejects Shikhar Dhawan’s Insolvency Plea, Citing Contractual Ambiguities in Legends League Cricket Payment Dispute [Read Order]
In a recent ruling The National Company Law Tribunal (NCLT), New Delhi, has refused to admit an insolvency petition filed against the operator of Legends League Cricket and held that the alleged...
![NCLT Rejects Shikhar Dhawan’s Insolvency Plea, Citing Contractual Ambiguities in Legends League Cricket Payment Dispute [Read Order]](https://images.taxscan.in/h-upload/2026/03/08/2128389-nclt-shikhar-dhawan-insolvency-plea-contractual-ambiguities-league-cricket-taxscan.webp "NCLT Rejects Shikhar Dhawan’s Insolvency Plea, Citing Contractual Ambiguities in Legends League Cricket Payment Dispute [Read Order]")
NCLAT Examines Scope of CIRP in IL&FS Default, Considers Project-Wise Resolution for Real Estate Projects [Read Order]
The National Company Law Appellate Tribunal(NCLAT) has looked at the ambit and procedure for conducting the CorporateInsolvency Resolution Process (CIRP) in the context of the Corporate Insolvency ...
![NCLAT Examines Scope of CIRP in IL&FS Default, Considers Project-Wise Resolution for Real Estate Projects [Read Order]](https://images.taxscan.in/h-upload/2026/03/07/2128221-real-estatejpg.webp "NCLAT Examines Scope of CIRP in IL&FS Default, Considers Project-Wise Resolution for Real Estate Projects [Read Order]")
NCLT Upholds CIRP Over ₹34.6 Crore Default Against IREDA Borrower; Observes No Pre-Existing Dispute Against Financial Creditor [Read Order]
The National Company Law Tribunal (NCLT) has upheld the initiation of Corporate Insolvency Resolution Process (CIRP) against a borrower of Indian Renewable Energy Development Agency Limited (IREDA)...
![NCLT Upholds CIRP Over ₹34.6 Crore Default Against IREDA Borrower; Observes No Pre-Existing Dispute Against Financial Creditor [Read Order]](https://images.taxscan.in/h-upload/2026/03/07/2128226-nclt-cirp-against-ireda-borrower-observes-existing-dispute-against-financial-creditor-.webp "NCLT Upholds CIRP Over ₹34.6 Crore Default Against IREDA Borrower; Observes No Pre-Existing Dispute Against Financial Creditor [Read Order]")