![Directors who Invested ₹5.5 Cr in Corporate Debtor Cannot Claim to be Unaware of CIRP: NCLAT Upholds Denial of Exclusion/Extension [Read Order]](https://images.taxscan.in/h-upload/2025/09/21/500x300_2089292-corporate-debtor-cirp-nclat-taxscan.webp "Directors who Invested ₹5.5 Cr in Corporate Debtor Cannot Claim to be Unaware of CIRP: NCLAT Upholds Denial of Exclusion/Extension [Read Order]")
Directors who Invested ₹5.5 Cr in Corporate Debtor Cannot Claim to be Unaware of CIRP: NCLAT Upholds Denial of Exclusion/Extension [Read Order]
The National Company Law Appellate Tribunal (NCLAT) recently dismissed an appeal filed by the suspended directors of a corporate debtor, holding...
![Application under section 7(5) of IBC cannot be Rejected due to non furnishing of NeSL when existence of debt and default by CD is established: NCLT [Read Order]](https://images.taxscan.in/h-upload/2025/09/20/250x150_2089006-nclt-mumbai-nclt-ibc-application-taxscan.webp "Application under section 7(5) of IBC cannot be Rejected due to non furnishing of NeSL when existence of debt and default by CD is established: NCLT [Read Order]")
![Contractual Dispute Cloaked as Cheating: Orissa HC Grants Anticipatory Bail to Liquidator Citing Pending IBC Proceedings [Read Order]](https://images.taxscan.in/h-upload/2025/09/16/250x150_2087927-contractual-dispute-cloaked-cheating-orissa-hc-anticipatory-bail-liquidator-citing-pending-ibc-proceedings-taxscan.webp "Contractual Dispute Cloaked as Cheating: Orissa HC Grants Anticipatory Bail to Liquidator Citing Pending IBC Proceedings [Read Order]")
![Corporate Applicant’s Own Petition under IBC S. 10 Admitted: NCLT Initiates CIRP on Finding Default Due and Payable Beyond IBC Section 4(1) Threshold [Read Order]](https://images.taxscan.in/h-upload/2025/09/16/250x150_2087856-nclt-mumbai-corporate-applicants-cirp-taxscan.webp "Corporate Applicant’s Own Petition under IBC S. 10 Admitted: NCLT Initiates CIRP on Finding Default Due and Payable Beyond IBC Section 4(1) Threshold [Read Order]")
![Petition u/s 7 of IBC cannot be barred merely because of pending consideration of OTS before Lenders: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/250x150_2085514-ibc-ots-nclat-taxscan.webp "Petition u/s 7 of IBC cannot be barred merely because of pending consideration of OTS before Lenders: NCLAT [Read Order]")
Application u/s 95 of IBC Filed after Expiry of 3 years Barred by Limitation: NCLAT Dismisses Appeal of IDBI Bank [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) held that application under section 95 of the Insolvency and Bankruptcy Code (IBC), 2016, filed after the expiry of 3 years...
![Application u/s 95 of IBC Filed after Expiry of 3 years Barred by Limitation: NCLAT Dismisses Appeal of IDBI Bank [Read Order]](https://images.taxscan.in/h-upload/2025/09/09/500x300_2085007-ibc-nclat-idbi-bank-section-95-of-ibc-expiry-of-3-years-barre-taxscan.webp "Application u/s 95 of IBC Filed after Expiry of 3 years Barred by Limitation: NCLAT Dismisses Appeal of IDBI Bank [Read Order]")
SEBI Issues Framework for Orderly Surrender and Winding Down of KYC Registration Agencies [Read Circular]
The Securities and Exchange Board of India (SEBI) has issued a circular dated September 5, 2025, announcing a new framework to streamline the process for the surrender of registration by Know Your...
![SEBI Issues Framework for Orderly Surrender and Winding Down of KYC Registration Agencies [Read Circular]](https://images.taxscan.in/h-upload/2025/09/08/500x300_2084684-sebi-taxscan.webp "SEBI Issues Framework for Orderly Surrender and Winding Down of KYC Registration Agencies [Read Circular]")
![No concept of “provisional constitution” of CoC under IBC: NCLAT Dismisses Byjus Plea [Read Order]](https://images.taxscan.in/h-upload/2025/08/21/500x300_2078891-byjus-plea-taxscan.webp "No concept of “provisional constitution” of CoC under IBC: NCLAT Dismisses Byjus Plea [Read Order]")
NCLT Admits IBC Plea against Palchan Bhang Power for Default in Repaying ₹5.7 Cr over 10-Year Interest-Free Period [Read Order]
The Chandigarh Bench of the National Company Law Tribunal recently admitted a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Palchan Bhang Power Private Limited...
![NCLT Admits IBC Plea against Palchan Bhang Power for Default in Repaying ₹5.7 Cr over 10-Year Interest-Free Period [Read Order]](https://images.taxscan.in/h-upload/2025/08/18/500x300_2077865-nclt-ibc-palchan-bhang-power-taxscan.webp "NCLT Admits IBC Plea against Palchan Bhang Power for Default in Repaying ₹5.7 Cr over 10-Year Interest-Free Period [Read Order]")
![DRT Directs to Admit Application filed by Financial Creditor u/s 126 (1) of IBC [Read Order]](https://images.taxscan.in/h-upload/2025/08/18/500x300_2077863-drt-drt-directs-to-admit-application-application-filed-by-financial-creditor-taxscan.webp "DRT Directs to Admit Application filed by Financial Creditor u/s 126 (1) of IBC [Read Order]")
NCLAT Dismisses Insolvency Plea Over Export Dispute: Cites Pre-Existing Contractual Issues [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has upheld the National Company Law Tribunal’s (NCLT) decision dismissing an insolvency application filed under Section 9 of the Insolvencyand...
![NCLAT Dismisses Insolvency Plea Over Export Dispute: Cites Pre-Existing Contractual Issues [Read Order]](https://images.taxscan.in/h-upload/2025/08/02/500x300_2072236-nclat-insolvency-plea-taxscan.webp "NCLAT Dismisses Insolvency Plea Over Export Dispute: Cites Pre-Existing Contractual Issues [Read Order]")
Protection of IBC is only applicable to corporate debtors and not to Person Who drawn cheque in Individual capacity: Allahabad HC [Read Order]
The Allahabad high court held that protection of Insolvency Bankruptcy Code (IBC), 2016 is only applicable to corporate debtors and not to persons who draw cheques in Individual capacity. The court...
![Protection of IBC is only applicable to corporate debtors and not to Person Who drawn cheque in Individual capacity: Allahabad HC [Read Order]](https://images.taxscan.in/h-upload/2025/08/01/500x300_2072117-individual-capacity-corporate-debtors-drawn-cheque-taxscan.webp "Protection of IBC is only applicable to corporate debtors and not to Person Who drawn cheque in Individual capacity: Allahabad HC [Read Order]")