![NCLT recognizes US-Based Drip Capital Inc. as Financial Creditor, Initiates CIRP Against Sumarrow Impex LLP [Read Order]](https://images.taxscan.in/h-upload/2025/10/17/500x300_2097507-nclt-recognizes-us-based-drip-capital-financial-creditor-initiates-cirp-sumarrow-impex-llp-taxscan.webp "NCLT recognizes US-Based Drip Capital Inc. as Financial Creditor, Initiates CIRP Against Sumarrow Impex LLP [Read Order]")
NCLT recognizes US-Based Drip Capital Inc. as Financial Creditor, Initiates CIRP Against Sumarrow Impex LLP [Read Order]
In a recent ruling, the National Company Law Tribunal (NCLT), Ahmedabad Bench, allowed an application under Section 7 of the Insolvency and...
![IBBI Suspends Resolution Professional for One Year over Negligence and Unjustified Delay in Liquidation Process [Read Order]](https://images.taxscan.in/h-upload/2025/10/06/250x150_2094368-2070736-liquidation-taxscan.webp "IBBI Suspends Resolution Professional for One Year over Negligence and Unjustified Delay in Liquidation Process [Read Order]")
![Discretionary right of Tribunal under IBC cannot be used to Impel Financial Creditor to consider Settlement: NCLT [Read Order]](https://images.taxscan.in/h-upload/2025/09/29/250x150_2092467-ibc-nclat.webp "Discretionary right of Tribunal under IBC cannot be used to Impel Financial Creditor to consider Settlement: NCLT [Read Order]")
![Adjudicating Authority Bound to Initiate CIRP if Application u/s.10 is Complete and There is No Ineligibility u/s.11: NCLT [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/250x150_2091354-adjudicating-authority-cirp-cirp-if-application-nclt-taxscan.webp "Adjudicating Authority Bound to Initiate CIRP if Application u/s.10 is Complete and There is No Ineligibility u/s.11: NCLT [Read Order]")
![Equity Investment Made through Commercial MoU does not Convert Underlying Claim into Operational Debt: NCLT [Read Order]](https://images.taxscan.in/h-upload/2025/09/27/250x150_2091506-equity-investment-commercial-mou-convert-underlying-claim-operational-debt-nclt-taxscan.webp "Equity Investment Made through Commercial MoU does not Convert Underlying Claim into Operational Debt: NCLT [Read Order]")
Act of Forfeiting EMD of Rs. 2 Crore Deposited by Kineta Global Limited is beyond Terms of Process Documents: IBBI suspends Registration of IP for Period of 1 Year [Read Order]
The Insolvency and Bankruptcy Board of India (Disciplinary Committee) has held that the act of forfeiting Earnest Money Deposit (EMD) of Rs. 2 crore deposited by Kineta Global Limited is beyond the...
![Act of Forfeiting EMD of Rs. 2 Crore Deposited by Kineta Global Limited is beyond Terms of Process Documents: IBBI suspends Registration of IP for Period of 1 Year [Read Order]](https://images.taxscan.in/h-upload/2025/09/16/500x300_2087853-ibbi-emd-act-of-forfeiting-emd-kineta-global-limited-taxscan.webp "Act of Forfeiting EMD of Rs. 2 Crore Deposited by Kineta Global Limited is beyond Terms of Process Documents: IBBI suspends Registration of IP for Period of 1 Year [Read Order]")
NCLT Allows Liquidation Application filed by Ultratech Cement against Corporate Debtor citing 66.29 % of voting approval by CoC [Read Order]
In a recent case, the National Company Law Tribunal Mumbai Bench allowed the liquidation of corporate debtor Jaatvedas Construction Company Private Limited citing the 66.29 % of vote approval by...
![NCLT Allows Liquidation Application filed by Ultratech Cement against Corporate Debtor citing 66.29 % of voting approval by CoC [Read Order]](https://images.taxscan.in/h-upload/2025/09/16/500x300_2087830-nclt-liquidation-application-ultratech-cement-corporate-debtor-voting-approval-coc-taxscan.webp "NCLT Allows Liquidation Application filed by Ultratech Cement against Corporate Debtor citing 66.29 % of voting approval by CoC [Read Order]")
NCLT admits CIRP Application of Canara Bank Citing Default payment of a debt amount beyond Rs, 1 Crore [Read Order]
The National Company Law Tribunal ( NCLT) Cuttack Bench admitted the application filed by Canara Bank citing the default payment of a debt amount beyond Rs, 1 Crore as evident from the Form-C...
![NCLT admits CIRP Application of Canara Bank Citing Default payment of a debt amount beyond Rs, 1 Crore [Read Order]](https://images.taxscan.in/h-upload/2025/09/13/500x300_2086437-nclt-cirp-canara-bank-default-payment-debt-amount-taxscan.webp "NCLT admits CIRP Application of Canara Bank Citing Default payment of a debt amount beyond Rs, 1 Crore [Read Order]")
NCLT Admits Application of IDBI Bank u/s 7 of IBC as Corporate Debtor Acknowlegdes OTS on Due Debt within period of limitation [Read Order]
In a recent case, the Cuttack bench of the National Company Law Tribunal(NCLT) admitted the application of IDBI Bank filed under section 7 of the Insolvency and Bankruptcy Code,2016 (IBC) as the ...
![NCLT Admits Application of IDBI Bank u/s 7 of IBC as Corporate Debtor Acknowlegdes OTS on Due Debt within period of limitation [Read Order]](https://images.taxscan.in/h-upload/2025/09/13/500x300_2086323-nclt-idfc-bank-ibc-corporate-debtor-application-of-idfc-bank-taxscan.webp "NCLT Admits Application of IDBI Bank u/s 7 of IBC as Corporate Debtor Acknowlegdes OTS on Due Debt within period of limitation [Read Order]")
Relief to SBI, Lease Dues Incurred During CIRP Prior to Vesting Date are Payable to Financial Creditor: NCLT
In a ruling in favour of SBI, the Hyderabad bench of the National Company Law Tribunal (NCLT) has held that the lease dues incurred during the corporate insolvency resolution period prior to the...
![EPFO Dues from Post-Liquidation Assessments Not Admissible: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/10/500x300_2085338-epfo-nclat-assessments-taxscan.webp "EPFO Dues from Post-Liquidation Assessments Not Admissible: NCLAT [Read Order]")