![Debt Acknowledgement Overcomes Limitation Defence: NCLT Admits CIRP u/s 7 on ₹147 Cr Claim of Punjab National Bank [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/500x300_2099581-punjab-national-bank-taxscan.webp "Debt Acknowledgement Overcomes Limitation Defence: NCLT Admits CIRP u/s 7 on ₹147 Cr Claim of Punjab National Bank [Read Order]")
Debt Acknowledgement Overcomes Limitation Defence: NCLT Admits CIRP u/s 7 on ₹147 Cr Claim of Punjab National Bank [Read Order]
The New Delhi Bench of the National Company Law Tribunal (NCLT) admitted a Section 7 petition filed by Punjab National Bank against M/s Shriram Skill...
![Non-Cooperation by Management: NCLT Upholds 92.53% CoC Vote for Liquidation u/s 33(2) After Failed CIRP [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/250x150_2099513-nclt-liquidation-taxscan.webp "Non-Cooperation by Management: NCLT Upholds 92.53% CoC Vote for Liquidation u/s 33(2) After Failed CIRP [Read Order]")
![NCLT recognizes US-Based Drip Capital Inc. as Financial Creditor, Initiates CIRP Against Sumarrow Impex LLP [Read Order]](https://images.taxscan.in/h-upload/2025/10/17/250x150_2097507-nclt-recognizes-us-based-drip-capital-financial-creditor-initiates-cirp-sumarrow-impex-llp-taxscan.webp "NCLT recognizes US-Based Drip Capital Inc. as Financial Creditor, Initiates CIRP Against Sumarrow Impex LLP [Read Order]")
![Application u/s 9 of IBC against Appointment of IRP: NCLAT remands Matter for Reconsideration [Read Order]](https://images.taxscan.in/h-upload/2025/09/09/250x150_2085038-ibc-irp-nclat-reconsideration-section-9-of-ibc-taxscan.webp "Application u/s 9 of IBC against Appointment of IRP: NCLAT remands Matter for Reconsideration [Read Order]")
![Corporate Guarantee Invoked Not Protected u/s.10A IBC After Stipulated Period: NCLAT Dismisses Appeal in ₹104 Cr HDFC Bank Loan Dispute [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/250x150_2076497-corporate-guarantee-corporate-guarantee-invoked-taxscan.webp "Corporate Guarantee Invoked Not Protected u/s.10A IBC After Stipulated Period: NCLAT Dismisses Appeal in ₹104 Cr HDFC Bank Loan Dispute [Read Order]")
Interpretation of "going concern sale" under Regulation 32 of Liquidation Process Regulations must align with S.53 of IBC: Madras HC [Read Order]
In a recent case, the Madras High Court ruled that the petitioner company need not undergo the process of giving reply to the impugned show cause notices since, in any case, it is going to result...
![Interpretation of going concern sale under Regulation 32 of Liquidation Process Regulations must align with S.53 of IBC: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/500x300_2069272-interpretation-regulation-32-of-liquidation-process-regulations-ibc-madras-hc-taxscan.webp "Interpretation of going concern sale under Regulation 32 of Liquidation Process Regulations must align with S.53 of IBC: Madras HC [Read Order]")
Suspended management is unable to release corporate debtor funds after Comencement of CIRP without IRP authorization: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) held that the suspended management of the Corporate Debtor is also strictly prohibited from directly or indirectly...
![Suspended management is unable to release corporate debtor funds after Comencement of CIRP without IRP authorization: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/09/500x300_2041750-nclat-corporate-debtor-nclat-new-delhi-taxscan.webp "Suspended management is unable to release corporate debtor funds after Comencement of CIRP without IRP authorization: NCLAT [Read Order]")
IBBI Mandates Digital Filing of CIRP Forms Under Third Amendment Effective June 1 [Read Notification]
The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2025,...
Gratuity With Interest falls within definition of Operational Debt u/s 5(21) of IBC: NCLAT [Read Order]
The National Company Law Appellate Tribunal's (NCLAT) New Delhi bench has ruled that a claim for interest and gratuity fall under the definition of operational debt under section 5(21) of Insolvency...
![Gratuity With Interest falls within definition of Operational Debt u/s 5(21) of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/gratuity-site-img.jpg "Gratuity With Interest falls within definition of Operational Debt u/s 5(21) of IBC: NCLAT [Read Order]")
CIRP cannot be Initiated Against Jaypee Healthcare Ltd After Full Settlement of Financial Creditors' Claims: NCLAT [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) has set aside the Corporate Insolvency Resolution Process ( CIRP ) initiated against Jaypee Healthcare Limited after the...
