![Resolution Applicant cannot Alter Financial Proposal Through Last-Minute Addendum After Challenge Process: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2026/05/08/2135977-resolution-applicant-cannot-alter-financial-proposal-throughjpg.webp "Resolution Applicant cannot Alter Financial Proposal Through Last-Minute Addendum After Challenge Process: NCLAT [Read Order]")
Resolution Applicant cannot Alter Financial Proposal Through Last-Minute Addendum After Challenge Process: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has held that a resolution applicant cannot unilaterally alter its financial proposal through a...
![CoC Can Prefer Feasible Resolution Plan Over Higher NPV Offer: NCLAT Rejects Vedanta’s ₹17,926 Cr Resolution Plan [Read Order]](https://images.taxscan.in/h-upload/2026/05/08/2135957-site-img8-4jpg.webp "CoC Can Prefer Feasible Resolution Plan Over Higher NPV Offer: NCLAT Rejects Vedanta’s ₹17,926 Cr Resolution Plan [Read Order]")
![NCLAT Upholds NCLT Rejection of ₹1.15 Cr CIRP Plan Over Low Value & Avoidance Transaction Breaches [Read Order]](https://images.taxscan.in/h-upload/2026/05/05/2135536-nclat-upholds-nclt-rejection-of-115-cr-cirp-plan-over-low-value-avoidance-transaction-breachesjpg.webp "NCLAT Upholds NCLT Rejection of ₹1.15 Cr CIRP Plan Over Low Value & Avoidance Transaction Breaches [Read Order]")
![NCLT Dismisses Liquidator’s Plea for Affidavit and Disciplinary Action Over Alleged SCC Confidentiality Breach, Rules Email Disclosure Was Accidental [Read Order]](https://images.taxscan.in/h-upload/2026/05/05/2135523-nclt-dismisses-liquidators-pleajpg.webp "NCLT Dismisses Liquidator’s Plea for Affidavit and Disciplinary Action Over Alleged SCC Confidentiality Breach, Rules Email Disclosure Was Accidental [Read Order]")
![Stakeholder Objections Cannot Obstruct Insolvency Resolution Once Resolution Plan Secures Requisite CoC Approval: NCLT [Read Order]](https://images.taxscan.in/h-upload/2026/05/04/2135431-stakeholder-objections-cannot-obstruct-insolvency-resolution-once-resolution-plan-secures-requisite-coc-approval-nclt-site-imagejpg.webp "Stakeholder Objections Cannot Obstruct Insolvency Resolution Once Resolution Plan Secures Requisite CoC Approval: NCLT [Read Order]")
Partnership Firm Assets Can Be Brought Within CIRP Where Corporate Debtor Holds Substantial Economic Interest: NCLT Approves Resolution Plan [Read Order]
The National Company Law Tribunal [NCLT] MumbaiBench has approved a resolution plan holding that assets and development rights of a partnership firm can be treated as part of the Corporate...
![Partnership Firm Assets Can Be Brought Within CIRP Where Corporate Debtor Holds Substantial Economic Interest: NCLT Approves Resolution Plan [Read Order]](https://images.taxscan.in/h-upload/2026/05/04/2135428-partnership-firm-assets-can-be-brought-within-cirp-where-corporate-debtor-holds-substantial-economic-interest-site-imagejpg.webp "Partnership Firm Assets Can Be Brought Within CIRP Where Corporate Debtor Holds Substantial Economic Interest: NCLT Approves Resolution Plan [Read Order]")
NCLT Admits Section 7 IBC CIRP Against SRK Infracon After ₹97.34 Cr Default Despite Loan Restructuring Under Addendum Sanction Letter [Read Order]
In a recent ruling, the National Company Law Tribunal (NCLT) Hyderabad Bench‑II has admitted an insolvency petition filed by SREI Equipment Finance Limited against ...
![NCLT Admits Section 7 IBC CIRP Against SRK Infracon After ₹97.34 Cr Default Despite Loan Restructuring Under Addendum Sanction Letter [Read Order]](https://images.taxscan.in/h-upload/2026/05/04/2135415-nclt-admits-section7-ibc-cirpjpg.webp "NCLT Admits Section 7 IBC CIRP Against SRK Infracon After ₹97.34 Cr Default Despite Loan Restructuring Under Addendum Sanction Letter [Read Order]")
Simultaneous Insolvency Against Borrower and Guarantor Permissible: NCLT Admits Axis Bank’s ₹5.7 Crore Plea Against IMOST Academy [Read Order]
The National Company LawTribunal (NCLT), Kochi Bench, has held that insolvency proceedings can be initiated simultaneously against both borrower and guarantor, while admitting Axis Bank Ltd’s...
![Simultaneous Insolvency Against Borrower and Guarantor Permissible: NCLT Admits Axis Bank’s ₹5.7 Crore Plea Against IMOST Academy [Read Order]](https://images.taxscan.in/h-upload/2026/05/02/2135262-simultaneous-insolvency-against-borrower-guarantor-permissible-nclt-admits-axis-bank-plea-against-imost-academy-taxscan1.webp "Simultaneous Insolvency Against Borrower and Guarantor Permissible: NCLT Admits Axis Bank’s ₹5.7 Crore Plea Against IMOST Academy [Read Order]")
Transaction Had No Effect on Creditor Status u/s 66 IBC: NCLT Rejects Fraud Claim on Reliance’s ₹260 Cr Intra‑Group Adjustment [Read Order]
In a recent ruling, the National Company Law Tribunal (NCLT), Mumbai Bench, has rejected allegations of fraudulent trading under Section 66 of the Insolvency and Bankruptcy Code (IBC) against...
![Transaction Had No Effect on Creditor Status u/s 66 IBC: NCLT Rejects Fraud Claim on Reliance’s ₹260 Cr Intra‑Group Adjustment [Read Order]](https://images.taxscan.in/h-upload/2026/05/02/2135238-transaction-had-no-effect-on-creditor-statusjpg.webp "Transaction Had No Effect on Creditor Status u/s 66 IBC: NCLT Rejects Fraud Claim on Reliance’s ₹260 Cr Intra‑Group Adjustment [Read Order]")
No Writ Jurisdiction to set aside Pending SARFAESI/IBC Proceedings: Andhra Pradesh HC Dismisses Plea [Read Order]
The Andhra Pradesh High Court held that a writ petition cannot be entertained to set aside parallel proceedings pending under the SARFAESI Act and the Insolvency and Bankruptcy Code (IBC),...
![No Writ Jurisdiction to set aside Pending SARFAESI/IBC Proceedings: Andhra Pradesh HC Dismisses Plea [Read Order]](https://images.taxscan.in/h-upload/2026/04/29/2134889-writ-petitionjpg.webp "No Writ Jurisdiction to set aside Pending SARFAESI/IBC Proceedings: Andhra Pradesh HC Dismisses Plea [Read Order]")
IBC Appeal Against AG Pipes Rejected: NCLAT Finds Proprietorship Debts Separate, Company Liability Below ₹1 Crore [Read Order]
In a recent ruling, the National Company Law Appellate Tribunal (NCLAT) has upheld the NCLT’s decision dismissing the insolvency plea against A.G. Pipes Pvt. Ltd., holding that the claimed...
![IBC Appeal Against AG Pipes Rejected: NCLAT Finds Proprietorship Debts Separate, Company Liability Below ₹1 Crore [Read Order]](https://images.taxscan.in/h-upload/2026/04/24/2134365-ibc-appeal-against-ag-pipes-rejectedjpg.webp "IBC Appeal Against AG Pipes Rejected: NCLAT Finds Proprietorship Debts Separate, Company Liability Below ₹1 Crore [Read Order]")
NCLT Rejects CIRP Plea against Steel Exchange India Over ₹162 Cr Disputed Delayed Charges [Read Order]
In a recent ruling, the National Company Law Tribunal (NCLT) has rejected a corporate insolvencyresolution process (CIRP) plea against Steel Exchange India Ltd., ruling that the claimed ₹162 crore...
![NCLT Rejects CIRP Plea against Steel Exchange India Over ₹162 Cr Disputed Delayed Charges [Read Order]](https://images.taxscan.in/h-upload/2026/04/24/2134360-nclt-rejects-cirp-plea-against-steel-exchange-india-over-162-cr-disputed-delayed-charges-site-imagejpg.webp "NCLT Rejects CIRP Plea against Steel Exchange India Over ₹162 Cr Disputed Delayed Charges [Read Order]")