![Balance Sheet Acknowledgement Binds Guarantor u/s 128 Contract Act: NCLAT Sets Aside NCLT’s Limitation Bar in SBIs Section 95 Petition [Read Order]](https://images.taxscan.in/h-upload/2025/11/29/500x300_2108719-nclat-taxscan.jfif "Balance Sheet Acknowledgement Binds Guarantor u/s 128 Contract Act: NCLAT Sets Aside NCLT’s Limitation Bar in SBIs Section 95 Petition [Read Order]")
Balance Sheet Acknowledgement Binds Guarantor u/s 128 Contract Act: NCLAT Sets Aside NCLT’s Limitation Bar in SBI's Section 95 Petition [Read Order]
The National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi, has allowed the section 95 petition filed by the State Bank of India...
![Advance Payment for Scrap Sale Qualifies as Operational Debt u/s 5(21): NCLAT Upholds CIRP Admission [Read Order]](https://images.taxscan.in/h-upload/2025/11/29/250x150_2108735-operational-debt-taxscan.jfif "Advance Payment for Scrap Sale Qualifies as Operational Debt u/s 5(21): NCLAT Upholds CIRP Admission [Read Order]")
![Redevelopment Rights Not Assets Under IBC if Agreement Lawfully Terminated Before Insolvency: SC [Read Order]](https://images.taxscan.in/h-upload/2025/12/01/250x150_2109264-ibc-supreme-court-taxscan.jfif "Redevelopment Rights Not Assets Under IBC if Agreement Lawfully Terminated Before Insolvency: SC [Read Order]")
![NCLAT Invokes S. 231 to Oversee Corporate Debtor Revival, Grants Final 60‑Day Extension for Arrangement Scheme Implementation [Read Order]](https://images.taxscan.in/h-upload/2025/11/27/250x150_2108360-nclat-invokes-oversee-corporate-debtor-revival-grants-final-extension-arrangement-scheme-implementation-taxscan.webp "NCLAT Invokes S. 231 to Oversee Corporate Debtor Revival, Grants Final 60‑Day Extension for Arrangement Scheme Implementation [Read Order]")
Past GST Dues Extinguished on Sale of Corporate Debtor as Going Concern: Calcutta HC Quashes ₹4.28 Cr Demand [Read Order]
The Calcutta High Court has quashed a ₹4.28 crore Goods and Services Tax (GST) demand raised for the financial year 2019–20 against a corporate debtor (CD) sold in liquidation as a going concern,...
![Past GST Dues Extinguished on Sale of Corporate Debtor as Going Concern: Calcutta HC Quashes ₹4.28 Cr Demand [Read Order]](https://images.taxscan.in/h-upload/2025/11/29/500x300_2108753-corporate-debtor-calcutta-hc-taxscan.jfif "Past GST Dues Extinguished on Sale of Corporate Debtor as Going Concern: Calcutta HC Quashes ₹4.28 Cr Demand [Read Order]")
NCLT Admits HDFC Bank's Insolvency Petition u/s 7 citing clear acknowledgment of liability , Initiates CIRP [Read Order]
The National Company Law Tribunal (NCLT), Indore Bench, has admitted a Section 7 application filed by HDFC Bank Limited against Shri Bhagwati Agro Industries Private Limited, leading to the...
![NCLT Admits HDFC Banks Insolvency Petition u/s 7 citing clear acknowledgment of liability , Initiates CIRP [Read Order]](https://images.taxscan.in/h-upload/2025/11/26/500x300_2108052-nclt-hdfc-bank-insolvency-petition-cirp-taxscan.webp "NCLT Admits HDFC Banks Insolvency Petition u/s 7 citing clear acknowledgment of liability , Initiates CIRP [Read Order]")
Leasehold Rights Not Proved: NCLAT Holds Industrial Unit Cannot Be Treated as Corporate Debtor’s Asset for CIRP [Read Order]
In a significant ruling addressing the scope of asset verification during insolvency proceedings, the National Company Law Appellate Tribunal (NCLAT) principal bench, New Delhi has upheld the...
![Leasehold Rights Not Proved: NCLAT Holds Industrial Unit Cannot Be Treated as Corporate Debtor’s Asset for CIRP [Read Order]](https://images.taxscan.in/h-upload/2025/11/19/500x300_2106576-nclat-new-delhi-corporate-debtors-asset-for-cirp-taxscan.webp "Leasehold Rights Not Proved: NCLAT Holds Industrial Unit Cannot Be Treated as Corporate Debtor’s Asset for CIRP [Read Order]")
Fraudulent Diversion of ₹1.20 Cr Corporate Debtor Funds via Unauthorised Accounts Proved: NCLAT Upholds NCLT Order u/s 66 [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Chennai, has upheld an order of the Kochi Bench of the National Company Law Tribunal (NCLT) directing two suspended directors of. to jointly and...
![Fraudulent Diversion of ₹1.20 Cr Corporate Debtor Funds via Unauthorised Accounts Proved: NCLAT Upholds NCLT Order u/s 66 [Read Order]](https://images.taxscan.in/h-upload/2025/11/20/500x300_2106927-corporate-debtor-unauthorised-accounts-nclat-nclt-taxscan.webp "Fraudulent Diversion of ₹1.20 Cr Corporate Debtor Funds via Unauthorised Accounts Proved: NCLAT Upholds NCLT Order u/s 66 [Read Order]")
RP’s Admission of Claim Amounts to Debt Acknowledgement u/s 18 of Limitation Act: NCLAT holds S. 7 CIRP Petitions Within Limitation [Read Order]
The National Company Law Appellate Tribunal (NCLAT), principal bench, New Delhi, in a recent case, had held CIRP under section 7 of the Insolvency and Bankruptcy Code (IBC) 2016 within the...
![RP’s Admission of Claim Amounts to Debt Acknowledgement u/s 18 of Limitation Act: NCLAT holds S. 7 CIRP Petitions Within Limitation [Read Order]](https://images.taxscan.in/h-upload/2025/11/22/500x300_2107293-nclat-new-delhi-rps-admission-rps-admission-of-claim-amounts-cirp-petitions-taxscan.webp "RP’s Admission of Claim Amounts to Debt Acknowledgement u/s 18 of Limitation Act: NCLAT holds S. 7 CIRP Petitions Within Limitation [Read Order]")
ED’s Pre-CIRP Attachment Ceases Post Plan Approval: NCLAT Extends S. 32A Protection to Respondent[Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has ruled that the Enforcement Directorate’s (ED) provisional attachment of the respondent properties and accounts made...
![ED’s Pre-CIRP Attachment Ceases Post Plan Approval: NCLAT Extends S. 32A Protection to Respondent[Read Order]](https://images.taxscan.in/h-upload/2025/11/21/500x300_2107057-cirp-asset-attachment-remains-valid-nclat-taxscan.webp "ED’s Pre-CIRP Attachment Ceases Post Plan Approval: NCLAT Extends S. 32A Protection to Respondent[Read Order]")
Fraud Allegations in CIRP Not Grounds for Revisiting Delay Condonation Order: NCLAT Dismisses SEBI’s Recall Application [Read Order]
The principal bench of the National Company Law Appellate Tribunal (NCLAT) has dismissed SEBI’s attempt to recall a NCLAT judgment rejecting its delay condonation application in a CIRP-related ...
![Fraud Allegations in CIRP Not Grounds for Revisiting Delay Condonation Order: NCLAT Dismisses SEBI’s Recall Application [Read Order]](https://images.taxscan.in/h-upload/2025/11/21/500x300_2107058-nclat-cirp-sebis-recall-application-fraud-allegations-in-cirp-taxscan.webp "Fraud Allegations in CIRP Not Grounds for Revisiting Delay Condonation Order: NCLAT Dismisses SEBI’s Recall Application [Read Order]")