![Related Party Nexus Between Financial Creditor and Corporate Debtor Pierces Corporate Veil: NCLAT Recall S. 7 Admission Order [Read Order]](https://images.taxscan.in/h-upload/2026/02/02/500x300_2123450-related-party-nexus-between-financial-creditor-corporate-debtor-pierces-corporate-veil-nclat-taxscan.webp "Related Party Nexus Between Financial Creditor and Corporate Debtor Pierces Corporate Veil: NCLAT Recall S. 7 Admission Order [Read Order]")
Related Party Nexus Between Financial Creditor and Corporate Debtor Pierces Corporate Veil: NCLAT Recall S. 7 Admission Order [Read Order]
In a recent ruling, the National Company Law Appelate Tribunal (NCLAT), New Delhi bench, recalled its earlier admississon ofa section 7 insolvency...
![Municipal Property Tax Dues Recognised as Secured Claims In Liquidation: NCLAT Holds KMC as a Secured Creditor [Read Order]](https://images.taxscan.in/h-upload/2026/01/28/250x150_2122230-municipal-property-tax-dues-recognised-secured-claims-liquidation-nclat.webp "Municipal Property Tax Dues Recognised as Secured Claims In Liquidation: NCLAT Holds KMC as a Secured Creditor [Read Order]")
![Corporate Law Case Digest: Key NCLT Rulings of 2025 [Part 2]](https://images.taxscan.in/h-upload/2026/01/09/250x150_2117990-nclt-case-digest-2025-part-2.webp "Corporate Law Case Digest: Key NCLT Rulings of 2025 [Part 2]")
![Belated Proforma Invoice for Consultancy Cannot Override Financial Debt: NCLAT Upholds NCLTs Section 7 Admission [Read Order]](https://images.taxscan.in/h-upload/2026/01/02/250x150_2116705-belated-proforma-invoice-consultancy-cannot-override-financial-debt-nclat.webp "Belated Proforma Invoice for Consultancy Cannot Override Financial Debt: NCLAT Upholds NCLTs Section 7 Admission [Read Order]")
![Non‑Cooperation with RP and Related‑Party Diversions Prove Intent to Defraud Creditors: NCLAT Upholds S.66 Directions Against Directors [Read Order]](https://images.taxscan.in/h-upload/2025/12/17/250x150_2112868-non-cooperation-rp-related-party-diversions-prove-intent-defraud-creditors-taxscan.webp "Non‑Cooperation with RP and Related‑Party Diversions Prove Intent to Defraud Creditors: NCLAT Upholds S.66 Directions Against Directors [Read Order]")
Unexplained ₹10.54 Cr Cash Withdrawals Show Intent to Defraud Under S.66 IBC: NCLAT Upholds NCLT Order Against Directors [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, in a recent case has held that the unexplained Rs 10.54 cr withdrawals demonstrated an intent to defraud creditors, attracting...
![Unexplained ₹10.54 Cr Cash Withdrawals Show Intent to Defraud Under S.66 IBC: NCLAT Upholds NCLT Order Against Directors [Read Order]](https://images.taxscan.in/h-upload/2025/12/17/500x300_2112853-cash-withdrawals-show-intent-defraud-under-nclat-nclt-order-against-directors-taxscan.webp "Unexplained ₹10.54 Cr Cash Withdrawals Show Intent to Defraud Under S.66 IBC: NCLAT Upholds NCLT Order Against Directors [Read Order]")
Corporate Guarantee Constitutes Financial Debt u/s 5(8)(i): NCLAT Upholds NCLT’s Admission of S.7 Petition [Read Order]
In a recent case, the principal bench of the National Company Law Appellate Tribunal (NCLAT), New Delhi, upheld the order of the National Company Law Tribunal (NCLT), which had admitted a Section 7...
![Corporate Guarantee Constitutes Financial Debt u/s 5(8)(i): NCLAT Upholds NCLT’s Admission of S.7 Petition [Read Order]](https://images.taxscan.in/h-upload/2025/11/27/500x300_2108364-nclat-new-dehi-nclt-corporate-guarantee-taxscan.webp "Corporate Guarantee Constitutes Financial Debt u/s 5(8)(i): NCLAT Upholds NCLT’s Admission of S.7 Petition [Read Order]")
NCLAT Invokes S. 231 to Oversee Corporate Debtor Revival, Grants Final 60‑Day Extension for Arrangement Scheme Implementation [Read Order]
In a significant ruling, the National Company Law Appellate Tribunal (NCLAT), Chennai, has invoked its supervisory power of Tribunal under section 231 and granted a final 60-day extension to...
![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/2025/11/27/500x300_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]")
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]")
NCLAT Admits Tremco's Insolvency Plea Against Brite Proofings Over Rs. 18.74 Crore Debt, Initiates CIRP [Read Order]
The National Company Law Appellate Tribunal (Principal Bench, New Delhi) has admitted a Section 9 application filed by Tremco CPG (India) Private Limited against Brite Proofings Private Limited,...
![NCLAT Admits Tremcos Insolvency Plea Against Brite Proofings Over Rs. 18.74 Crore Debt, Initiates CIRP [Read Order]](https://images.taxscan.in/h-upload/2025/11/21/500x300_2107061-nclat-new-delhi-tremco-insolvency-plea-taxscan.webp "NCLAT Admits Tremcos Insolvency Plea Against Brite Proofings Over Rs. 18.74 Crore Debt, Initiates CIRP [Read Order]")
NCLAT Dismisses Union Roadways' Insolvency Appeal, Rejects Section 9 Application Citing Pre-existing Payment Disputes and Uncrystallized Debt [Read Order]
In a ruling upholding the dismissal of a Section 9 application, the National Company Law Appellate Tribunal (Principal Bench, New Delhi) has confirmed that Union Roadways Limited cannot initiate...
![NCLAT Dismisses Union Roadways Insolvency Appeal, Rejects Section 9 Application Citing Pre-existing Payment Disputes and Uncrystallized Debt [Read Order]](https://images.taxscan.in/h-upload/2025/11/19/500x300_2106733-nclat-new-delhi-union-roadways-insolvency-case-taxscan.webp "NCLAT Dismisses Union Roadways Insolvency Appeal, Rejects Section 9 Application Citing Pre-existing Payment Disputes and Uncrystallized Debt [Read Order]")