![Belated Proforma Invoice for Consultancy Cannot Override Financial Debt: NCLAT Upholds NCLTs Section 7 Admission [Read Order]](https://images.taxscan.in/h-upload/2026/01/02/500x300_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]")
Belated Proforma Invoice for Consultancy Cannot Override Financial Debt: NCLAT Upholds NCLT's Section 7 Admission [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has, in a recent case, upheld section 7 admission against the corporate debtor (CD) and held that...
![Balance Sheet Entries as ‘Other Long-Term Liabilities’ Confirm Financial Debt u/s 5(8): NCLAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/02/250x150_2116723-balance-sheet.webp "Balance Sheet Entries as ‘Other Long-Term Liabilities’ Confirm Financial Debt u/s 5(8): NCLAT [Read Order]")
![Absence of Sanction Letter as per RBI Guideline Does Not Invalidate Financial Debt, NCLAT Sets Aside NCLT Order Against NBFC [Read Order]](https://images.taxscan.in/h-upload/2025/12/15/250x150_2112302-absence-sanction-letter-rbi-guideline-invalidate-financial-debt-nclat-nclt-order-against-nbfc-taxscan.webp "Absence of Sanction Letter as per RBI Guideline Does Not Invalidate Financial Debt, NCLAT Sets Aside NCLT Order Against NBFC [Read Order]")
![Tripartite Loan to Homebuyers Not Financial Debt of Builder: NCLAT Upholds RP’s Rejection of UCO Bank’s ₹18.82 Cr Claim [Read Order]](https://images.taxscan.in/h-upload/2025/11/21/250x150_2107221-nclat-rp-rejection-uco-bank-taxscan.webp "Tripartite Loan to Homebuyers Not Financial Debt of Builder: NCLAT Upholds RP’s Rejection of UCO Bank’s ₹18.82 Cr Claim [Read Order]")
Financial assistance given by Adhunik Corporation ltd can be treated as Financial Debt citing Element of Commercial Effect of Borrowing: NCLT [Read Order]
The Kolkata bench of the National Company Law Tribunal (NCLT) has held that financial assistance given by Adhunik Corporation Ltd can be treated as financial debt, citing the element of Commercial...
![Financial assistance given by Adhunik Corporation ltd can be treated as Financial Debt citing Element of Commercial Effect of Borrowing: NCLT [Read Order]](https://images.taxscan.in/h-upload/2025/08/27/500x300_2080930-financial-assistance-adhunik-corporation-ltd-financial-debt-nclt-taxscan.webp "Financial assistance given by Adhunik Corporation ltd can be treated as Financial Debt citing Element of Commercial Effect of Borrowing: NCLT [Read Order]")
Customer Contracts and Assembled Workforce are “Intangible Assets”: ITAT Allows Genpact’s Depreciation Claim on Acquisition of Debt Collection Firm Acquisition in 2010 [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) allowed Genpact Services LLC's claim for depreciation on customer contracts and assembled workforce, holding that these qualify as...
![Customer Contracts and Assembled Workforce are “Intangible Assets”: ITAT Allows Genpact’s Depreciation Claim on Acquisition of Debt Collection Firm Acquisition in 2010 [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/500x300_2043224-itat-delhi-intangible-assets-taxscan.webp "Customer Contracts and Assembled Workforce are “Intangible Assets”: ITAT Allows Genpact’s Depreciation Claim on Acquisition of Debt Collection Firm Acquisition in 2010 [Read Order]")
![Establishment of Financial Debt does not precluded due to Absence of Formal Written Agreement: NCLT [Read Order]](https://images.taxscan.in/h-upload/2025/06/04/500x300_2041174-financial-debt-nclt-taxscan.webp "Establishment of Financial Debt does not precluded due to Absence of Formal Written Agreement: NCLT [Read Order]")
Deposit of Security under Memorandum of Understanding in absence of Effect of Borrowing Cannot be Categorised as Financial Debt: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT) has ruled that, in accordance with section 5(8) of the Insolvency and Bankruptcy Code, 2016 ( C ), the security amount...
![Deposit of Security under Memorandum of Understanding in absence of Effect of Borrowing Cannot be Categorised as Financial Debt: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/NCLAT-Financial-Debt-Deposit-of-Security-taxscan.jpg "Deposit of Security under Memorandum of Understanding in absence of Effect of Borrowing Cannot be Categorised as Financial Debt: NCLAT [Read Order]")
Application for Insolvency Proceedings against Corporate Debtor for Financial Debt and Default: NCLT admits Application [Read Order]
In a recent case, the National Company Law Tribunal ( NCLT ) admitted the has application for insolvency proceedings against a corporate debtor for financial debt and default. The Tribunal initiated...
