![IBC Fraudulent Trading: NCLAT Directs Suspended Director to Contribute ₹8.71 Crore with 12% Interest to Corporate Debtor [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/500x300_2116465-ibc-fraudulent-trading-nclat-directs-suspended-director-to-contribute-871-crore-with-12-interest-to-corporate-debtor.webp "IBC Fraudulent Trading: NCLAT Directs Suspended Director to Contribute ₹8.71 Crore with 12% Interest to Corporate Debtor [Read Order]")
IBC Fraudulent Trading: NCLAT Directs Suspended Director to Contribute ₹8.71 Crore with 12% Interest to Corporate Debtor [Read Order]
https://www.taxscan.in/tags/national-company-law-tribunal The National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi, upheld...
![GST Demands for Pre‑Resolution Periods Extinguished Once Plan Approved: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2025/12/21/250x150_2113581-gst-demands-for-preresolution-periods-extinguished-approved-delhi-hc-taxscan.webp "GST Demands for Pre‑Resolution Periods Extinguished Once Plan Approved: Delhi HC [Read Order]")
![Benami Attachment Cannot Breach the “Impregnable Firewall” of NCLT‑Approved Resolution Plan: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/12/19/250x150_2113247-benami-attachment-cannot-breach-impregnable-firewall-nclt-approved-resolution-plan-taxscan.webp "Benami Attachment Cannot Breach the “Impregnable Firewall” of NCLT‑Approved Resolution Plan: Madras HC [Read Order]")
Defective Affidavit in Section 7 Application should not Lead to Automatic Rejection: Supreme Court allows HDFC to cure defects [Read Judgement]
The Supreme Court has allowed an appeal filed by HDFC Bank, holding that a defective affidavit in a Section 7 application under the Insolvency and Bankruptcy Code (IBC) does not warrant automatic...
![Defective Affidavit in Section 7 Application should not Lead to Automatic Rejection: Supreme Court allows HDFC to cure defects [Read Judgement]](https://images.taxscan.in/h-upload/2025/12/05/500x300_2110275-supreme-court-hdfc-taxscan.webp "Defective Affidavit in Section 7 Application should not Lead to Automatic Rejection: Supreme Court allows HDFC to cure defects [Read Judgement]")
Blatant Abuse of Process of Law’: Delhi HC dismisses Guarantor's Plea against PNB, Canara Bank, Imposes Rs 1 Lakh Cost [Read Order]
The Delhi High Court has dismissed a writ petition filed by a guarantor against Punjab National Bank (PNB) and Canara Bank, imposing a cost of Rs. 1 lakh for what it termed an "abuse of process"...
![Blatant Abuse of Process of Law’: Delhi HC dismisses Guarantors Plea against PNB, Canara Bank, Imposes Rs 1 Lakh Cost [Read Order]](https://images.taxscan.in/h-upload/2025/12/01/500x300_2109265-pnb-cestat-cenvat-credit-input-services-taxscan.webp "Blatant Abuse of Process of Law’: Delhi HC dismisses Guarantors Plea against PNB, Canara Bank, Imposes Rs 1 Lakh Cost [Read Order]")
NCLT Sanctions Merger of Sharekhan into Mirae Asset Financial Services to Comply with RBI Directive [Read Order]
The National Company Law Tribunal (NCLT), Mumbai Bench, has approved the scheme of amalgamation between Mirae Asset Sharekhan Financial Services Limited and Mirae Asset Financial Services (India) ...
![NCLT Sanctions Merger of Sharekhan into Mirae Asset Financial Services to Comply with RBI Directive [Read Order]](https://images.taxscan.in/h-upload/2025/11/25/500x300_2107899-sharekhan-financial-service-.webp "NCLT Sanctions Merger of Sharekhan into Mirae Asset Financial Services to Comply with RBI Directive [Read Order]")
NCLAT Holds IBC S.9 Claim Time-Barred, Rejects Interest Addition to Cross ₹1 Cr Threshold u/s 4 [Read Order]
In a significant ruling, the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has quashed the admission of an insolvency application filed under Section 9 of the Insolvency...
![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/2025/11/18/500x300_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]")
Forged Bank Guarantee Scuttles Rescue Plan: NCLT Orders Liquidation of Unitech Transformers [Read Order]
In a recent ruling, the National Company Law Tribunal ( NCLT ), Mumbai Court-II, allowed an application under Section 33(2) of the Insolvency and Bankruptcy Code, 2016, ordering the liquidation of...
![Forged Bank Guarantee Scuttles Rescue Plan: NCLT Orders Liquidation of Unitech Transformers [Read Order]](https://images.taxscan.in/h-upload/2025/10/31/500x300_2101216-forged-bank-guarantee-scuttles-rescue-plan-nclt-orders-liquidation-unitech-transformers-txn.webp "Forged Bank Guarantee Scuttles Rescue Plan: NCLT Orders Liquidation of Unitech Transformers [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]")