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NCLT Has Exclusive Jurisdiction Over Debt and Fraud, No Need for Civil Court once IBC is Invoked: Delhi HC [Read Judgment]

In a recent ruling, the Delhi High Court held that once insolvency proceedings are initiated under the Insolvency and Bankruptcy Code, 2016, the...

Parallel Proceedings under Income Tax not Permissible when NCLT approves Resolution Plan: ITAT [Read...

NCLT Holds CGST Superintendent Guilty of Contempt on Account of Non‑Compliance with Refund...

Restricting NCLT’s Contempt Powers Would Reduce IBC to a "Paper Tiger": Bombay HC Holds Contempt...

Limitation Act Applies to "Courts" and not to Quasi-Judicial Bodies, Unless Expressly Empowered:...

Non-disclosure of Secured Creditors in Capital Reduction Petition: NCLT Imposes 5 lakh Penalty on Lifestyle [Read Order]

The National Company Law Tribunal (NCLT), Bangalore bench has slapped a penalty of Rs 5,00,000 on Lifestyle International Private Ltd for the non-disclosure of secured creditors in a capital ...

Workers Not Entitled to Wages for Period Not Worked During CIRP: NCLAT upholds Layoff Notice, Approved Resolution Plan Binding on All Stakeholders [Read Order]

The Principal Bench of National Company Law Appellate Tribunal (NCLAT) at New Delhi, held that workers are entitled to wages during CIRP only if the corporate debtor is a going concern and they...

Corporate Law Case Digest: Key NCLT Rulings of 2025 [Part 3]

"IBC code" most commonly refers to India's Insolvency and Bankruptcy Code, 2016, an act that consolidates and amends laws for the time-bound resolution of insolvency for corporate bodies, firms, and...

Corporate Law Case Digest: Key NCLT Rulings of 2025 [Part 2]

"IBC code" most commonly refers to India's Insolvency and Bankruptcy Code, 2016, an act that consolidates and amends laws for the time-bound resolution of insolvency for corporate bodies, firms, ...

NCLT Rules Electricity as "Essential Supply" u/s 14(2) IBC, Bars Disconnection for Non-Payment of Pre-CIRP Dues by Hotel [Read Order]

The National Company Law Tribunal has ruled that electricity is an essential supply under section 14(2) of the Insolvency and Bankruptcy Code,2016, and it has also barred the disconnection of...

Full Settlement: NCLT Approves Resolution Plan with 100% Voting Share from Creditors [Read Order]

The Mumbai Bench of the National Company Law Tribunal (NCLT) has approved a resolution plan, bringing the corporate insolvency resolution process to a close after it received unanimous approval from...

Non-Executive Director cannot be Treated as Wilful Defaulter without Proof of Involvement: Madras HC Quashes IOB Order [Read Order]

In a recent decision, the Madras High Court ruled that a non-executive and non-full-time director cannot be called a wilful defaulter or face punishments unless there is strong and clear proof of...