![IBBI Amends CIRP Regulations: Omits Regulation 39C, Modifies Provisions Under Regulation 39D [Read Notification]](https://images.taxscan.in/h-upload/2025/10/18/500x300_2097625-ibbi-cirp-regulations-omits-regulation-39c-modifies-provisions-regulation-39d-taxscan.webp "IBBI Amends CIRP Regulations: Omits Regulation 39C, Modifies Provisions Under Regulation 39D [Read Notification]")
IBBI Amends CIRP Regulations: Omits Regulation 39C, Modifies Provisions Under Regulation 39D [Read Notification]
The Insolvency and Bankruptcy Board of India (IBBI) issued Notification No. IBBI/2025-26/GN/REG130 dated October 14, 2025, introducing the...
![NCLT initiates CIRP against Aban Offshore Insolvency, allows application by PNB [Read Order]](https://images.taxscan.in/h-upload/2025/10/17/250x150_2097481-nclt-cirp-aban-offshore-insolvency-taxscan.webp "NCLT initiates CIRP against Aban Offshore Insolvency, allows application by PNB [Read Order]")
![NCLAT dismisses Punjab National Bank’s appeal, upholds NCLT order rejecting Section 7 plea against Concast Morena as time-barred [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/250x150_2096794-nclat-punjab-national-bank-appeal-upholds-nclt-taxscan.webp "NCLAT dismisses Punjab National Bank’s appeal, upholds NCLT order rejecting Section 7 plea against Concast Morena as time-barred [Read Order]")
![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/2025/10/09/250x150_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]")
![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]
The Principal Bench of the National Company Law Appellate Tribunal (NCLAT) at New Delhi recently upheld the initiation of the Corporate Insolvency Resolution Process (CIRP) against a corporate...
![Corporate Debtor Failed to Prove Pre-Existing Dispute over ₹8L Packaging Material Debt: NCLAT Upholds CIRP [Read Order]](https://images.taxscan.in/h-upload/2025/10/07/500x300_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]
The National Company Law Tribunal (NCLT) Kolkata bench admitted Rs 2,888 Cr Insolvency petition by Canara Bank against Gupta Power Infrastructure, holding that when a financial creditor consortium ...
![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/2025/10/03/500x300_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]
The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that the Insolvency Proceedings can be restored despite absence of revival Clause in Settlement Agreement ...
![Insolvency Proceedings can be restored Despite absence of Revival Clause in Settlement Agreement: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/500x300_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]")