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Unregistered MoDT & Mere Sale Agreement Confer No Title: NCLAT Upholds Liquidator’s Right to Recover CD’s Title Deeds [Read Order]

In a recent case, the National Company Law Appellate Tribunal (NCLAT), Chennai Bench, considered whether the appellant could retain the original...

NCLT Upholds CoC Decision, dismisses Applications Challenging Unijules Resolution Plan [Read Order]

Guarantee Covered Existing ₹44 Cr Credit Facilities, Not Future Loan: NCLAT Upholds Admission u/s 95...

Attachment Powers Under the Income Tax Act vs. the PMLA

Assessment of PF Dues During Moratorium Violates Statutory Freeze: NCLAT Sets Aside EPFO’s...

Calcutta HC dismisses Petitions Challenging CESTAT Order on CENVAT Credit Reversal in Tata Steel Insolvency Case [Read Order]

The Calcutta High Court has dismissed multiple writ petitions filed by Tata Steel Limited (formerly Tata Steel BSL Limited) challenging a common order passed by the Customs, Excise and Service Tax...

Supreme Court agrees to Examine Plea Seeking Probe Into NCLAT Member's Disclosure of Higher Judge Trying to Influence Decision [Read Judgement]

In response to a shocking accusation made by a member of the National Company Law Appellate Tribunal (NCLAT), the Supreme Court has consented to review a plea for a comprehensive investigation. In...

No Genuine Pre-existing Dispute Shown Over ₹18.56 Crore Operational Debt: NCLT Orders Insolvency Proceedings u/s 9 of IBC [Read Order]

The National Company Law Tribunal, Cuttack Bench, admitted an operational creditor’s insolvency plea against Geosphere Industries Pvt. Ltd. after holding that there existed no genuine pre-existing...

NCLAT Upholds Denial of Access to Rejected Valuation Reports, Affirms Distinction Between CoC Members and Participants [Read Order]

In a recent ruling, the National Company Law Appellate Tribunal (NCLAT), Principal Bench, dismissed an appeal by Manish Bagrodia, an ex-director of Winsome Yarns Limited, upholding a National...

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 ...

NCLAT Allows Salman Khan’s Withdrawal of ₹7.24 Crore Insolvency Plea against Jerai Fitness on Mutual Settlement [Read Order]

The National Company Law Appellate Tribunal (NCLAT) recorded the consent terms by Bollywood superstar Salman Khan and Jerai Fitness on mutual settlement. The bench allowed the withdrawal of his...

NCLT Admits S. 9 Application, Initiates CIRP Against Tirumalla Agro Industries for ₹1.11 Crore Default [Read Order]

The National Company Law Tribunal (NCLT), Mumbai Bench, has admitted a Section 9 application filed by an Operational Creditor, thereby initiating the Corporate Insolvency Resolution Process (CIRP) ...

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