![Lack of Due Diligence in Valuation of Rs. 1000 Crore Assets: IBBI Suspends Valuers Registration for 2 Years [Read Order]](https://images.taxscan.in/h-upload/2025/10/09/500x300_2095164-ibbi-registration-of-suspended-registered-valuer-entity-stay-order-bombay-high-court-taxscan.webp "Lack of Due Diligence in Valuation of Rs. 1000 Crore Assets: IBBI Suspends Valuers Registration for 2 Years [Read Order]")
Lack of Due Diligence in Valuation of Rs. 1000 Crore Assets: IBBI Suspends Valuer's Registration for 2 Years [Read Order]
The Insolvency and Bankruptcy Board of India (IBBI) has suspended the registration of a Registered Valuer for a period of two years for lack of due...
![NCLT Approves ₹3.4 Cr Resolution Plan of Ship Leasing Company with 100% CoC Assent subject to Statutory Scrutiny [Read Order]](https://images.taxscan.in/h-upload/2025/10/08/250x150_2094772-nclt-nclt-vacancies-ibc-justice-delayed-justice-denied-taxscan.webp "NCLT Approves ₹3.4 Cr Resolution Plan of Ship Leasing Company with 100% CoC Assent subject to Statutory Scrutiny [Read Order]")
![Corporate Debtor Failed to Prove Pre-Existing Dispute over ₹8L Packaging Material Debt: NCLAT Upholds CIRP [Read Order]](https://images.taxscan.in/h-upload/2025/10/07/250x150_2094490-corporate-debtor-nclat-taxscan.webp "Corporate Debtor Failed to Prove Pre-Existing Dispute over ₹8L Packaging Material Debt: NCLAT Upholds CIRP [Read Order]")
![NCLT Admits Rs 2,888 Cr Insolvency Petition by Canara Bank Against Gupta Power Infrastructure, Appoints IRP [Read Order]](https://images.taxscan.in/h-upload/2025/10/03/250x150_2093563-nclt-insolvency.webp "NCLT Admits Rs 2,888 Cr Insolvency Petition by Canara Bank Against Gupta Power Infrastructure, Appoints IRP [Read Order]")
![Insolvency Proceedings can be restored Despite absence of Revival Clause in Settlement Agreement: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/250x150_2091231-nclat-insolvency-proceedings-settlement-proposal-settlement-proposals-by-promoters-committee-of-creditors-taxscan.webp "Insolvency Proceedings can be restored Despite absence of Revival Clause in Settlement Agreement: NCLAT [Read Order]")
![RP have right to Terminate Leave & Licence Agreements in Absence of RERA Proceedings: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/500x300_2091233-license-agreement-tax-demand-the-new-delhi-bench-service-tax-appellate-tribunal-cestat-constitution-of-india-deemed-sale-immovable-property-services-taxscan.webp "RP have right to Terminate Leave & Licence Agreements in Absence of RERA Proceedings: NCLAT [Read Order]")
Directors who Invested ₹5.5 Cr in Corporate Debtor Cannot Claim to be Unaware of CIRP: NCLAT Upholds Denial of Exclusion/Extension [Read Order]
The National Company Law Appellate Tribunal (NCLAT) recently dismissed an appeal filed by the suspended directors of a corporate debtor, holding that directors who had invested a sum of...
![Directors who Invested ₹5.5 Cr in Corporate Debtor Cannot Claim to be Unaware of CIRP: NCLAT Upholds Denial of Exclusion/Extension [Read Order]](https://images.taxscan.in/h-upload/2025/09/21/500x300_2089292-corporate-debtor-cirp-nclat-taxscan.webp "Directors who Invested ₹5.5 Cr in Corporate Debtor Cannot Claim to be Unaware of CIRP: NCLAT Upholds Denial of Exclusion/Extension [Read Order]")
Corporate Applicant’s Own Petition under IBC S. 10 Admitted: NCLT Initiates CIRP on Finding Default Due and Payable Beyond IBC Section 4(1) Threshold [Read Order]
In a recent case, the National Company Law Tribunal (NCLT) Mumbai Bench initiated the Corporate Insolvency Resolution Process (CIRP) against the corporate applicant on finding a default due ...
![Corporate Applicant’s Own Petition under IBC S. 10 Admitted: NCLT Initiates CIRP on Finding Default Due and Payable Beyond IBC Section 4(1) Threshold [Read Order]](https://images.taxscan.in/h-upload/2025/09/16/500x300_2087856-nclt-mumbai-corporate-applicants-cirp-taxscan.webp "Corporate Applicant’s Own Petition under IBC S. 10 Admitted: NCLT Initiates CIRP on Finding Default Due and Payable Beyond IBC Section 4(1) Threshold [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]")
![NCLAT allows 45 days extension to complete CIRP as a Final Extension [Read Order]](https://images.taxscan.in/h-upload/2025/09/09/500x300_2085011-nclat-new-delhi-cirp-cirp-as-a-final-extension-taxscan.webp "NCLAT allows 45 days extension to complete CIRP as a Final Extension [Read Order]")
![Liquidation under IBC can be ordered in Absence of Pending CIRP: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/27/500x300_2081002-liquidation-under-ibc-ibc-absence-of-pending-cirp-taxscan.webp "Liquidation under IBC can be ordered in Absence of Pending CIRP: NCLAT [Read Order]")
Documentary Evidence like Court of Board Nominees Order, Bank statements Other than IU Records Sufficient to Establish Default Date: NCLT [Read Order]
The Ahmedabad Bench of the National CompanyLaw Tribunal (NCLT) clarified that the date of default can be established by placing reliance on documentary evidence other than a record of default with an...
![Documentary Evidence like Court of Board Nominees Order, Bank statements Other than IU Records Sufficient to Establish Default Date: NCLT [Read Order]](https://images.taxscan.in/h-upload/2025/08/24/500x300_2080145-documentary-evidence-board-nominees-order-bank-statements-iu-nclt-taxscan.webp "Documentary Evidence like Court of Board Nominees Order, Bank statements Other than IU Records Sufficient to Establish Default Date: NCLT [Read Order]")