Directors cannot Directly Targeted for Company’s GST Dues During Liquidation: Madras HC Grants Liberty to ‘Extricate’ Liability [Read Order]
The Madras High Court has held that directors of a company under liquidation cannot be straightaway targeted for recovery of the company’s GST...
![Persistent Non‑Performance and Expired Permits Show Insolvency Beyond Mere Delay: NCLT Admits Homebuyers Petition u/s 7 [Read Order]](https://images.taxscan.in/h-upload/2026/01/15/250x150_2119934-persistent-nonperformance-and-expired-permits-show-insolvency-beyond-mere-delay-nclt-admits-homebuyers-petition-us-7-taxscan.webp "Persistent Non‑Performance and Expired Permits Show Insolvency Beyond Mere Delay: NCLT Admits Homebuyers Petition u/s 7 [Read Order]")
![Rule 8(3A) of Central Excise Rules already Declared Unconstitutional by Gujarat HC: CESTAT sets aside ₹14.14cr Demand [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/250x150_2116521-rule-83a-of-central-excise-rules-already-declared-unconstitutional-by-gujarat-hc-cestat-sets-aside-1414cr-demand-taxscan.webp "Rule 8(3A) of Central Excise Rules already Declared Unconstitutional by Gujarat HC: CESTAT sets aside ₹14.14cr Demand [Read Order]")
![Supreme Court agrees to Examine Plea Seeking Probe Into NCLAT Members Disclosure of Higher Judge Trying to Influence Decision [Read Judgement]](https://images.taxscan.in/h-upload/2025/11/15/250x150_2105424-supreme-me-court-examine-plea-seeking-probe-nclat-nclat-members-taxscan.webp "Supreme Court agrees to Examine Plea Seeking Probe Into NCLAT Members Disclosure of Higher Judge Trying to Influence Decision [Read Judgement]")
![NCLAT sets aside NCLT Order as Appellant Not Heard, remands Settled Insolvency Matter [Read Order]](https://images.taxscan.in/h-upload/2025/10/31/250x150_2101239-nclat-mumbai-nclt-order-nclat-sets-aside-taxscan.webp "NCLAT sets aside NCLT Order as Appellant Not Heard, remands Settled Insolvency Matter [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 and Education Ltd., initiating the corporate...
![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]")
Non-Cooperation by Management: NCLT Upholds 92.53% CoC Vote for Liquidation u/s 33(2) After Failed CIRP [Read Order]
The National Company Law Tribunal (NCLT), New Delhi Bench, ordered the liquidation of SN Cinema Advertising Pvt. Ltd. under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, rejecting the...
![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/2025/10/24/500x300_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]
In a recent ruling, the National Company Law Tribunal (NCLT), Ahmedabad Bench, allowed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate...
![NCLT recognizes US-Based Drip Capital Inc. as Financial Creditor, Initiates CIRP Against Sumarrow Impex LLP [Read Order]](https://images.taxscan.in/h-upload/2025/10/17/500x300_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]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) remanded the application filed under section 9 of the Insolvency Bankruptcy Code (IBC) for the resolution of its debt...
![Application u/s 9 of IBC against Appointment of IRP: NCLAT remands Matter for Reconsideration [Read Order]](https://images.taxscan.in/h-upload/2025/09/09/500x300_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]
The Principal Bench of the National Company Law Appellate Tribunal (NCLAT) at New Delhi recently dismissed an appeal, noting that a corporate guarantee invoked outside the stipulated suspension...
![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/2025/08/13/500x300_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]")