![Recovery Certificate Validates Debt & Default: NCLT Admits IDBI Bank’s Sec. 7 IBC Petition for ₹20.17 Cr [Read Order]](https://images.taxscan.in/h-upload/2026/06/24/2141278-recovery-certificate-establishes-debt-and-default-in-ibc-case-by-taxscan.jfif "Recovery Certificate Validates Debt & Default: NCLT Admits IDBI Bank’s Sec. 7 IBC Petition for ₹20.17 Cr [Read Order]")
Recovery Certificate Validates Debt & Default: NCLT Admits IDBI Bank’s Sec. 7 IBC Petition for ₹20.17 Cr [Read Order]
The National Company Law Tribunal, Cuttack Bench, has admitted IDBI Bank’s application under Section 7 of the Insolvency and Bankruptcy Code, 2016,...
![Karnataka HC Disposes WP Seeking RERA-Directed Recovery as Respondent Company Undergoes Insolvency; Grants Liberty to Revive Post-NCLT Outcome [Read Order]](https://images.taxscan.in/h-upload/2026/06/24/2141232-karnataka-hc-disposes-rera-recovery-petition-amid-insolvency-by-taxscan.webp "Karnataka HC Disposes WP Seeking RERA-Directed Recovery as Respondent Company Undergoes Insolvency; Grants Liberty to Revive Post-NCLT Outcome [Read Order]")
![Failure to Constitute CoC, Secure Corporate Debtor Assets & Adhere to CIRP Timelines Amounts to Professional Misconduct: IBBI Suspends IP for 3 Years [Read Notification]](https://images.taxscan.in/h-upload/2026/06/18/2140757-ibbi-suspends-insolvency-professional-for-cirp-lapses-by-taxscan.webp "Failure to Constitute CoC, Secure Corporate Debtor Assets & Adhere to CIRP Timelines Amounts to Professional Misconduct: IBBI Suspends IP for 3 Years [Read Notification]")
![Liquidation Cannot Be Allowed to Reward Defaulting Promoters Operating Outside Corporate Debtor Structure: NCLT [Read Order]](https://images.taxscan.in/h-upload/2026/06/10/2139884-liquidation-reward-promoters-corporate-debtor-structure-nclt-taxscan.webp "Liquidation Cannot Be Allowed to Reward Defaulting Promoters Operating Outside Corporate Debtor Structure: NCLT [Read Order]")
![RBI widens approval scope for cross‑border mergers by replacing ‘NCLT’ with ‘Competent Authority’ under FEMA regulations [Read Notification]](https://images.taxscan.in/h-upload/2026/06/07/2139424-rbi-widens-crossborder-mergers-nclt-competent-authority-fema-regulations-taxscan.webp "RBI widens approval scope for cross‑border mergers by replacing ‘NCLT’ with ‘Competent Authority’ under FEMA regulations [Read Notification]")
Insolvency Plea Against Personal Guarantor Rejected as Guarantee Found Uninvoked and Liability Time‑Barred: NCLT Dismisses UCO Bank’s Petition [Read Order]
The National Company Law Tribunal (NCLT), Guwahati Bench, has dismissed an insolvency petition filed by UCO Bank against, holding that the personal guarantee was never invoked and the claim was...
![Insolvency Plea Against Personal Guarantor Rejected as Guarantee Found Uninvoked and Liability Time‑Barred: NCLT Dismisses UCO Bank’s Petition [Read Order]](https://images.taxscan.in/h-upload/2026/06/06/2139368-insolvency-plea-personal-gurantor-liability-nclt-uco-bank-petition-taxscan.webp "Insolvency Plea Against Personal Guarantor Rejected as Guarantee Found Uninvoked and Liability Time‑Barred: NCLT Dismisses UCO Bank’s Petition [Read Order]")
Delhi HC Allows Withdrawal of ₹16.71 Cr Sugar Supply Recovery Suit: Settlement via NCLT‑Approved IBC Plan Leads to Full Court Fee Refund [Read Order]
In a recent ruling, the Delhi High Court permitted the withdrawal of a ₹16.71 crore sugar supply recovery suit after noting that the dispute had effectively been settled through an NCLT‑approved...
![Delhi HC Allows Withdrawal of ₹16.71 Cr Sugar Supply Recovery Suit: Settlement via NCLT‑Approved IBC Plan Leads to Full Court Fee Refund [Read Order]](https://images.taxscan.in/h-upload/2026/06/05/2139223-delhi-hc-withdrawal-sugar-supply-recovery-suit-nclt-ibc-plan-court-fee-refund-taxscan.webp "Delhi HC Allows Withdrawal of ₹16.71 Cr Sugar Supply Recovery Suit: Settlement via NCLT‑Approved IBC Plan Leads to Full Court Fee Refund [Read Order]")
₹74.49 Lakh Security Deposit Adjusted Under Master Lease Agreement After Insolvency: NCLAT Terms Transaction Fraudulent but Rejects S.66 Application [Read Order]
In a recent ruling, the National Company Law Appellate Tribunal (NCLAT) upheld findings that the adjustment of a ₹74.49 lakh security deposit under a Master Lease Agreement (MLA) was a fraudulent...
![₹74.49 Lakh Security Deposit Adjusted Under Master Lease Agreement After Insolvency: NCLAT Terms Transaction Fraudulent but Rejects S.66 Application [Read Order]](https://images.taxscan.in/h-upload/2026/06/05/2139215-security-deposit-agreement-insolvency-nclat-transaction-fraudulant-application-taxscan.webp "₹74.49 Lakh Security Deposit Adjusted Under Master Lease Agreement After Insolvency: NCLAT Terms Transaction Fraudulent but Rejects S.66 Application [Read Order]")
Misrepresentation of Borrower as Guarantor Invalidates Section 95 Application: NCLAT Sets Aside Insolvency Proceedings [Read Order]
In a recent ruling the National Company Law Appellate Tribunal (NCLAT) has quashed insolvency proceedings initiated against appellant, holding that he was wrongly portrayed as a personal guarantor...
![Misrepresentation of Borrower as Guarantor Invalidates Section 95 Application: NCLAT Sets Aside Insolvency Proceedings [Read Order]](https://images.taxscan.in/h-upload/2026/06/03/2138977-misrepresentation-of-borrower-guarantor-invalidates-section-95-application-nclat-new-delhi-taxscan-.webp "Misrepresentation of Borrower as Guarantor Invalidates Section 95 Application: NCLAT Sets Aside Insolvency Proceedings [Read Order]")
NCLAT Directs Modi Lifecare to Pay ₹63 Lakh Admitted Liability: Clarifies Invoices Not Mandatory Under Technical Guidance Agreement [Read Order]
In a recent ruling, the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has directed Modi Lifecare Industries Ltd. to pay ₹63 lakh admitted liability within 30 days,...
![NCLAT Directs Modi Lifecare to Pay ₹63 Lakh Admitted Liability: Clarifies Invoices Not Mandatory Under Technical Guidance Agreement [Read Order]](https://images.taxscan.in/h-upload/2026/05/24/2138002-nclat-modi-lifecare-liability-invoices-technical-guidance-agreement-taxscan-.webp "NCLAT Directs Modi Lifecare to Pay ₹63 Lakh Admitted Liability: Clarifies Invoices Not Mandatory Under Technical Guidance Agreement [Read Order]")
NCLAT Holds Insolvency Withdrawal Impermissible After Liquidation: Upholds Bank of Baroda’s Initiation that S.12A Cannot Apply Post‑Liquidation [Read Order]
In a recent ruling, the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has reaffirmed that withdrawal of insolvency proceedings under Section 12A of the Insolvency and...
![NCLAT Holds Insolvency Withdrawal Impermissible After Liquidation: Upholds Bank of Baroda’s Initiation that S.12A Cannot Apply Post‑Liquidation [Read Order]](https://images.taxscan.in/h-upload/2026/05/22/2137821-withdrawal-impermissible-after-liquidation-nclat-taxscan.webp "NCLAT Holds Insolvency Withdrawal Impermissible After Liquidation: Upholds Bank of Baroda’s Initiation that S.12A Cannot Apply Post‑Liquidation [Read Order]")
NCLT Dissolves Oxygen Lifeline Retail u/s 54 IBC After SCC Resolution: IBBI Confirms E‑Auction of Audi A6 & Tata Hexa [Read Order]
In a recent ruling, the National Company Law Tribunal (NCLT), Indore Bench, has dissolved Oxygen Lifeline Retail Private Limited under Section 54 of the Insolvency and Bankruptcy Code, 2016, after...
![NCLT Dissolves Oxygen Lifeline Retail u/s 54 IBC After SCC Resolution: IBBI Confirms E‑Auction of Audi A6 & Tata Hexa [Read Order]](https://images.taxscan.in/h-upload/2026/05/21/2137731-nclt-dissolves-oxygen-lifeline-retailjpg.webp "NCLT Dissolves Oxygen Lifeline Retail u/s 54 IBC After SCC Resolution: IBBI Confirms E‑Auction of Audi A6 & Tata Hexa [Read Order]")