![Supreme Court Upholds IBC ‘Clean Slate’, Bars Counter-claims but Permits Set-Off Defence in Ujaas Energy Arbitration [Read Order]](https://images.taxscan.in/h-upload/2026/03/22/2129865-supreme-court-ibc-clean-slate-ujaas-energy-taxscan.webp "Supreme Court Upholds IBC ‘Clean Slate’, Bars Counter-claims but Permits Set-Off Defence in Ujaas Energy Arbitration [Read Order]")
Supreme Court Upholds IBC ‘Clean Slate’, Bars Counter-claims but Permits Set-Off Defence in Ujaas Energy Arbitration [Read Order]
In a significant ruling, the Supreme Court partly allowed an appeal, holding that while counterclaims not filed during insolvency proceedings stand...
![₹5.86 Crore Default Triggers CIRP Over Unpaid Operational Dues: NCLT Admits Insolvency Plea [Read Order]](https://images.taxscan.in/h-upload/2026/03/18/2129585-586-crore-default-triggers-cirp-over-unpaid-operational-dues-nclt-admits-insolvency-plea-site-imagejpg.webp "₹5.86 Crore Default Triggers CIRP Over Unpaid Operational Dues: NCLT Admits Insolvency Plea [Read Order]")
![Once NCLT Approves Resolution Plan under IBC, Appeal Serves No Purpose: CESTAT disposes Aircel Ltd’s Service Tax Appeal [Read Order]](https://images.taxscan.in/h-upload/2026/03/16/2129356-airceljpg.webp "Once NCLT Approves Resolution Plan under IBC, Appeal Serves No Purpose: CESTAT disposes Aircel Ltd’s Service Tax Appeal [Read Order]")
![Bar u/s 231 of IBC Not Automatic Ground to Reject Suit Challenging Sale Deed without Numbering of Plaint: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2026/03/12/2128997-madras-high-court-ibc-sale-deed-challenge-madras-hc-ibc-case-sale-deed-challenge-case-taxscan.webp "Bar u/s 231 of IBC Not Automatic Ground to Reject Suit Challenging Sale Deed without Numbering of Plaint: Madras HC [Read Order]")
![Madras HC Quashes ₹34.5 Lakh MSME Award: CIRP Moratorium and Approved Resolution Plan Extinguishes Creditor’s Claim [Read Order]](https://images.taxscan.in/h-upload/2026/03/10/2128651-madras-hc-quashes-msme-award-cirp-moratorium-approved-resolution-plan-extinguishes-claim-.webp "Madras HC Quashes ₹34.5 Lakh MSME Award: CIRP Moratorium and Approved Resolution Plan Extinguishes Creditor’s Claim [Read Order]")
NCLT Rejects Shikhar Dhawan’s Insolvency Plea, Citing Contractual Ambiguities in Legends League Cricket Payment Dispute [Read Order]
In a recent ruling The National Company Law Tribunal (NCLT), New Delhi, has refused to admit an insolvency petition filed against the operator of Legends League Cricket and held that the alleged...
![NCLT Rejects Shikhar Dhawan’s Insolvency Plea, Citing Contractual Ambiguities in Legends League Cricket Payment Dispute [Read Order]](https://images.taxscan.in/h-upload/2026/03/08/2128389-nclt-shikhar-dhawan-insolvency-plea-contractual-ambiguities-league-cricket-taxscan.webp "NCLT Rejects Shikhar Dhawan’s Insolvency Plea, Citing Contractual Ambiguities in Legends League Cricket Payment Dispute [Read Order]")
NCLT Upholds CIRP Over ₹34.6 Crore Default Against IREDA Borrower; Observes No Pre-Existing Dispute Against Financial Creditor [Read Order]
The National Company Law Tribunal (NCLT) has upheld the initiation of Corporate Insolvency Resolution Process (CIRP) against a borrower of Indian Renewable Energy Development Agency Limited (IREDA)...
![NCLT Upholds CIRP Over ₹34.6 Crore Default Against IREDA Borrower; Observes No Pre-Existing Dispute Against Financial Creditor [Read Order]](https://images.taxscan.in/h-upload/2026/03/07/2128226-nclt-cirp-against-ireda-borrower-observes-existing-dispute-against-financial-creditor-.webp "NCLT Upholds CIRP Over ₹34.6 Crore Default Against IREDA Borrower; Observes No Pre-Existing Dispute Against Financial Creditor [Read Order]")
Consideration of SOA is not Alien to Proceeding under IBC: Supreme Court Remarks on Transfer Application [Read Order]
The Supreme Court of India remarked that consideration of a Scheme of Arrangement (SOA) is not alien to a proceeding under the Insolvency and Bankruptcy Code (IBC), 2016 with respect to an earlier ...
![Consideration of SOA is not Alien to Proceeding under IBC: Supreme Court Remarks on Transfer Application [Read Order]](https://images.taxscan.in/h-upload/2026/03/03/2127692-consideration-of-soa-is-not-alien-to-proceeding-under-ibcjpg.webp "Consideration of SOA is not Alien to Proceeding under IBC: Supreme Court Remarks on Transfer Application [Read Order]")
Simultaneous CIRP Against Principal Borrower & Corporate Guarantor Permissible: Supreme Court Clarifies No Mandatory ‘Election’ of Claims [Read Order]
In a major ruling, the Supreme Court held that simultaneous CIRP proceedings under the Insolvency and Bankruptcy Code (IBC) can be started against both the principal borrower and the corporate...
![Simultaneous CIRP Against Principal Borrower & Corporate Guarantor Permissible: Supreme Court Clarifies No Mandatory ‘Election’ of Claims [Read Order]](https://images.taxscan.in/h-upload/2026/03/03/2127657-simultaneous-cirp-against-principal-borrowerjpg.webp "Simultaneous CIRP Against Principal Borrower & Corporate Guarantor Permissible: Supreme Court Clarifies No Mandatory ‘Election’ of Claims [Read Order]")
IBBI Flags Insolvency Professional for Operating CIRP Account Post-Liquidation, Rejects Procedural Objections [Read Order]
The Insolvency andBankruptcy Board of India’s (IBBI) Disciplinary Committee (DC) has dismissed preliminary objections raised by an Insolvency Professional (IP) in proceedings arising from his role...
![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]")
CIRP Petition Not Barred u/s 10A For Defaults arising Post-COVID Period: NCLAT Revives ₹2.36 Crore Operational Debt Claim [Read Order]
The Principal Bench of the National Company Law Appellate Tribunal (NCLAT), New Delhi, has held that a Section 9 petition cannot be rejected under Section 10A of the Insolvency and Bankruptcy Code, ...
![CIRP Petition Not Barred u/s 10A For Defaults arising Post-COVID Period: NCLAT Revives ₹2.36 Crore Operational Debt Claim [Read Order]](https://images.taxscan.in/h-upload/2026/02/28/2127415-nclat-revives-236-crore-operational-debt-claim-taxscan.webp "CIRP Petition Not Barred u/s 10A For Defaults arising Post-COVID Period: NCLAT Revives ₹2.36 Crore Operational Debt Claim [Read Order]")
Reassignment of Reliance Bhutan Loan to Dissenting Creditors Invalid: NCLAT Dismisses Bank of Baroda Appeal [Read Order]
The National Company Law Appellate Tribunal (NCLAT) rejected the appeal filed by Bank of Baroda holding that the reallocation of the Reliance Bhutan Loan in favor of the dissenting financial...
![Reassignment of Reliance Bhutan Loan to Dissenting Creditors Invalid: NCLAT Dismisses Bank of Baroda Appeal [Read Order]](https://images.taxscan.in/h-upload/2026/02/25/2127029-reassignment-reliance-bhutan-loan-dissenting-creditors-invalid-nclat-taxscan.webp "Reassignment of Reliance Bhutan Loan to Dissenting Creditors Invalid: NCLAT Dismisses Bank of Baroda Appeal [Read Order]")