![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 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...
![NCLT Initiates Voluntary CIRP Against Alcob India Private Limited, Upon ₹65.44 Crore Default Established [Read Order]](https://images.taxscan.in/h-upload/2026/03/07/2128219-insolvencyjpg.webp "NCLT Initiates Voluntary CIRP Against Alcob India Private Limited, Upon ₹65.44 Crore Default Established [Read Order]")
![IBBI Flags Insolvency Professional for Operating CIRP Account Post-Liquidation, Rejects Procedural Objections [Read Order]](https://images.taxscan.in/h-upload/2026/03/02/2127597-ibbi-flags-insolvency-professional-for-operating-cirp-account-post-liquidationjpg.webp "IBBI Flags Insolvency Professional for Operating CIRP Account Post-Liquidation, Rejects Procedural Objections [Read Order]")
![NCLAT Upholds Admission of SBI’s Rs.116 Crore Claim, Dismisses Appeals by Suspended Director [Read Order]](https://images.taxscan.in/h-upload/2026/02/06/2124039-nclat-upholds-admission-sbis-rs116-crore-claim-taxscan.webp "NCLAT Upholds Admission of SBI’s Rs.116 Crore Claim, Dismisses Appeals by Suspended Director [Read Order]")
![Ex-Director’s Locus & Surplus Funds Plea Rejected, Liabilities Mandate Asset Sale: Delhi HC Dismisses Company Appeals [Read Order]](https://images.taxscan.in/h-upload/2026/01/20/2121003-ex-directors-locus-surplus-funds-plea-rejected-taxscan.jfif "Ex-Director’s Locus & Surplus Funds Plea Rejected, Liabilities Mandate Asset Sale: Delhi HC Dismisses Company Appeals [Read Order]")
Corporate Insolvency Process initiated against the Damara Gold Over ₹39 Crore Default: NCLT Admits PNB's Insolvency Plea [Read Order]
The Mumbai Bench of National Company Law Tribunal (NCLT) admitted PNB’s Section 7 application against the Respondent for default exceeding ₹39 crore, arising mainly from invocation of bank...
![Corporate Insolvency Process initiated against the Damara Gold Over ₹39 Crore Default: NCLT Admits PNBs Insolvency Plea [Read Order]](https://images.taxscan.in/h-upload/2026/01/09/2118053-corporate-insolvency-process-initiated-against-damara-gold-taxscan.jfif "Corporate Insolvency Process initiated against the Damara Gold Over ₹39 Crore Default: NCLT Admits PNBs Insolvency Plea [Read Order]")
Pre-March 2020 Default Not Protected by S.10A Despite Contractual Cure Period: NCLAT upholds CIRP Admission [Read Order]
The Principal Bench of National Company Appellate Tribunal (NCLAT) at New Delhi upheld CIRP admission, holding that a contractual cure period did not defer the date of default for Section 10A of...
![Pre-March 2020 Default Not Protected by S.10A Despite Contractual Cure Period: NCLAT upholds CIRP Admission [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/2117832-nclat-upholds-cirp-admission-taxscan.jfif "Pre-March 2020 Default Not Protected by S.10A Despite Contractual Cure Period: NCLAT upholds CIRP Admission [Read Order]")
Noida Sports City Scam Case: Allahabad HC issued Guidelines on Rights of Other Members of Consortium When one Member Goes Into Insolvency [Read Order]
In the Noida Sports City scam, the Allahabad High Court issued guidelines regarding the rights of other consortium members in the event that one of them becomes insolvent.The court laid down the...
![Noida Sports City Scam Case: Allahabad HC issued Guidelines on Rights of Other Members of Consortium When one Member Goes Into Insolvency [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Noida-Sports-City-Scam-Case-Noida-Sports-City-Scam-Case-Allahabad-HC-Allahabad-HC-issued-Guidelines-on-Rights-Guidelines-on-Rights-taxscan.jpg "Noida Sports City Scam Case: Allahabad HC issued Guidelines on Rights of Other Members of Consortium When one Member Goes Into Insolvency [Read Order]")
![NCLT Orders Liquidation of Go Airlines (India) Limited [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/NCLT-NCLT-Orders-Liquidation-Go-Airlines-Go-Airlines-India-National-Company-Law-Tribunal-NCLT-New-Delhi-Bench-Corporate-Corporate-Debtor-Taxscan.jpg "NCLT Orders Liquidation of Go Airlines (India) Limited [Read Order]")
Financial Creditors realises 221% of Liquidation Value and 51% of Admitted Claims through Corporate Insolvency Resolution Process
As per inputs received from the Ministry of Corporate Affairs (MCA), corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC), was initiated by banks in the...
![Govt. extends suspension of Fresh Proceedings under IBC Law for 3 months [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/09/Insolvency-Bankruptancy-IBC-suspension-Taxscan.jpg "Govt. extends suspension of Fresh Proceedings under IBC Law for 3 months [Read Notification]")