![NCLAT Invokes S. 231 to Oversee Corporate Debtor Revival, Grants Final 60‑Day Extension for Arrangement Scheme Implementation [Read Order]](https://images.taxscan.in/h-upload/2025/11/27/500x300_2108360-nclat-invokes-oversee-corporate-debtor-revival-grants-final-extension-arrangement-scheme-implementation-taxscan.webp "NCLAT Invokes S. 231 to Oversee Corporate Debtor Revival, Grants Final 60‑Day Extension for Arrangement Scheme Implementation [Read Order]")
NCLAT Invokes S. 231 to Oversee Corporate Debtor Revival, Grants Final 60‑Day Extension for Arrangement Scheme Implementation [Read Order]
In a significant ruling, the National Company Law Appellate Tribunal (NCLAT), Chennai, has invoked its supervisory power of Tribunal under section...
![IBC Trumps Income Tax Law: Bombay HC Upholds Extinguishment of Pre-Resolution Claims [Read Order]](https://images.taxscan.in/h-upload/2025/11/28/250x150_2108518-high-court-ibc-tax-demands-resolution-plan-taxscan.webp "IBC Trumps Income Tax Law: Bombay HC Upholds Extinguishment of Pre-Resolution Claims [Read Order]")
![NCLAT Dismisses Section 9 Application for Non-Service of Demand Notice u/s 8 [Read Order]](https://images.taxscan.in/h-upload/2025/11/20/250x150_2106858-nclat-ruling-corporate-debtor-taxscan.webp "NCLAT Dismisses Section 9 Application for Non-Service of Demand Notice u/s 8 [Read Order]")
![NCLAT Holds IBC S.9 Claim Time-Barred, Rejects Interest Addition to Cross ₹1 Cr Threshold u/s 4 [Read Order]](https://images.taxscan.in/h-upload/2025/11/18/250x150_2106389-nclat-new-delhi.webp "NCLAT Holds IBC S.9 Claim Time-Barred, Rejects Interest Addition to Cross ₹1 Cr Threshold u/s 4 [Read Order]")
![NCLAT Admits Tremcos Insolvency Plea Against Brite Proofings Over Rs. 18.74 Crore Debt, Initiates CIRP [Read Order]](https://images.taxscan.in/h-upload/2025/11/21/250x150_2107061-nclat-new-delhi-tremco-insolvency-plea-taxscan.webp "NCLAT Admits Tremcos Insolvency Plea Against Brite Proofings Over Rs. 18.74 Crore Debt, Initiates CIRP [Read Order]")
Rejection Solely on Ground of Delay Unsustainable: NCLAT Orders Inclusion of Genuine Homebuyer Claims in Resolution Plan [Read Order]
In a recent ruling, the equitable treatment of homebuyers under the Insolvency and Bankruptcy Code (IBC), the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has set...
![Rejection Solely on Ground of Delay Unsustainable: NCLAT Orders Inclusion of Genuine Homebuyer Claims in Resolution Plan [Read Order]](https://images.taxscan.in/h-upload/2025/11/14/500x300_2105226-plan-creditors-taxscan.webp "Rejection Solely on Ground of Delay Unsustainable: NCLAT Orders Inclusion of Genuine Homebuyer Claims in Resolution Plan [Read Order]")
GST Liability Becomes Operational Debt Post-CIRP: NCLAT Upholds Claim Transfer to Private Creditor, Dismisses Ellison Oil’s Appeal [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has dismissed Ellison Oil Field Services Pvt. Ltd.’s appeal challenging the validity of a debt assignment by the GST ...
![GST Liability Becomes Operational Debt Post-CIRP: NCLAT Upholds Claim Transfer to Private Creditor, Dismisses Ellison Oil’s Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/11/18/500x300_2106118-operational-debt-taxscan.webp "GST Liability Becomes Operational Debt Post-CIRP: NCLAT Upholds Claim Transfer to Private Creditor, Dismisses Ellison Oil’s Appeal [Read Order]")
Unilateral Credit Note and Ledger Write-off Not Proof of Debt Discharge: NCLT Initiates CIRP u/s 9 of IBC [Read Order]
The National Company Law Tribunal (NCLT), Cuttack Bench, in a recent case, rejected the petitioner’s defence that an operational debt of ₹18.56 crore stood settled through a unilateral credit note...
![Unilateral Credit Note and Ledger Write-off Not Proof of Debt Discharge: NCLT Initiates CIRP u/s 9 of IBC [Read Order]](https://images.taxscan.in/h-upload/2025/11/07/500x300_2102933-ibc-cirp-taxscan.webp "Unilateral Credit Note and Ledger Write-off Not Proof of Debt Discharge: NCLT Initiates CIRP u/s 9 of IBC [Read Order]")
IBC’s Time-Bound Framework Bars Relief: NCLAT Refuses to Condone 389-Day Appeal Refiling Delay [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed by the appellant after declining to condone a 389-day delay in refiling. The appeal, made under Section 61 of the ...
![IBC’s Time-Bound Framework Bars Relief: NCLAT Refuses to Condone 389-Day Appeal Refiling Delay [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/500x300_2102823-ibcs-time-bound-framework-bars-relief-nclat-condone-389-day-appeal-refiling-delay-taxscan.webp "IBC’s Time-Bound Framework Bars Relief: NCLAT Refuses to Condone 389-Day Appeal Refiling Delay [Read Order]")
Partial Loan Disbursement Not a Valid Ground to Reject Insolvency Plea: NCLAT Upholds Axis Bank’s Section 7 Admission [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) upheld the Adjudicating Authority’s decision admitting Axis Bank’s Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), application ...
![Partial Loan Disbursement Not a Valid Ground to Reject Insolvency Plea: NCLAT Upholds Axis Bank’s Section 7 Admission [Read Order]](https://images.taxscan.in/h-upload/2025/11/05/500x300_2102523-partial-loan-reject-insolvency-plea-nclat-axis-bank-taxscan.webp "Partial Loan Disbursement Not a Valid Ground to Reject Insolvency Plea: NCLAT Upholds Axis Bank’s Section 7 Admission [Read Order]")
Benefit under BIFR Scheme cannot be Claimed after Approval of Resolution Plan under IBC: NCLAT rules in favour of Axis Bank Ltd [Read Order]
In a ruling which favours Axis Bank Ltd, the New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that benefit under the Board for Industrial & Financial ...
![Benefit under BIFR Scheme cannot be Claimed after Approval of Resolution Plan under IBC: NCLAT rules in favour of Axis Bank Ltd [Read Order]](https://images.taxscan.in/h-upload/2025/11/05/500x300_2102454-benefit-bifr-scheme-approval-of-resolution-plan-under-ibc-nclat-axis-bank-ltd-taxscan.webp "Benefit under BIFR Scheme cannot be Claimed after Approval of Resolution Plan under IBC: NCLAT rules in favour of Axis Bank Ltd [Read Order]")
Supreme Court Puts NCLAT's Approval on Hold to Decide on Co-op Society's Role Under IBC [Read Order]
The Supreme Court has sought clarification from the Central Registrar of Multi State Cooperative Societies in a matter involving M/S. Nirmal Ujjwal Credit Co-operative Society Ltd.'s appeal against...
![Supreme Court Puts NCLATs Approval on Hold to Decide on Co-op Societys Role Under IBC [Read Order]](https://images.taxscan.in/h-upload/2025/11/05/500x300_2102389-supreme-court-taxscan.webp "Supreme Court Puts NCLATs Approval on Hold to Decide on Co-op Societys Role Under IBC [Read Order]")