![Moratorium under IBC should not be misused to prevent Public Welfare Projects: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/NCLT-NCLT-Mumbai-Public-Welfare-Project-NCLT-on-IBC-moratorium-misuse-TAXSCAN.jpg "Moratorium under IBC should not be misused to prevent Public Welfare Projects: NCLT [Read Order]")
Moratorium under IBC should not be misused to prevent Public Welfare Projects: NCLT [Read Order]
The Mumbai bench of the National Company Law Tribunal (NCLT) has held that the proposed acquisition by Mumbai Metropolitan Region Development...
![NCLAT upholds Invocation of Performance Bank Guarantee on Failure to Comply with Timely Implementation of Resolution Plan [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/NCLAT-Invocation-of-Performance-Bank-Guarantee-Failure-Comply-Timely-Implementation-Resolution-Plan-taxscan.jpg "NCLAT upholds Invocation of Performance Bank Guarantee on Failure to Comply with Timely Implementation of Resolution Plan [Read Order]")
![Corporate Debtors Account Payments Post-CIRP Start without IRP Approval is a Moratorium Violation: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Corporate-Debtors-Account-Post-CIRP-Start-IRP-Approval-Moratorium-Violation-NCLT-taxscan.jpg "Corporate Debtors Account Payments Post-CIRP Start without IRP Approval is a Moratorium Violation: NCLT [Read Order]")
![Vedanta Demerger in Trouble as NCLT Strikes Down Talwandi Sabo Power’s Scheme over Financial Non-Disclosure [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/NCLT-Vedanta-Demerger-Talwandi-Sabo-Powers-Scheme-taxscan.jpg "Vedanta Demerger in Trouble as NCLT Strikes Down Talwandi Sabo Power’s Scheme over Financial Non-Disclosure [Read Order]")
Relief BOI, NCLT Directs to Admit CIRP When Statutory Criteria u/s 7 of IBC Is Satisfied [Read Order]
The National Company Law Tribunal ( NCLT ), Mumbai bench directed to admit Cooperate Insolvency Resolution Proceedings ( CIRP ) when statutory criteria under section 7 of Insolvency Bankruptcy Code (...
Failure to Implement Resolution Plan even after 5 years: Supreme Court Orders Liquidation of Jet Airways [Read Judgement]
In a significant ruling, the Supreme Court invoked its extraordinary powers under Article 142 of the Constitution to order the liquidation of Jet Airways in the circumstance that the resolution plan...
Non-Obtaining Of NOC From Applicant Does Not Invalidate Documents of Hypothecation & Mortgage Executed In Favour of Bank of Baroda: NCLT [Read Order]
The Mumbai Bench of the National Company Law Tribunal(NCLT) held that non-obtaining of Non Objection Certificate(NOC) from the Applicant does not invalidate the security documents of hypothecation...
Objections Raised by Applicant of Resolution Process cannot be Entertained at Belated Stage After Sale has already been Confirmed: NCLT [Read Order]
The National Company Law Tribunal (NCLT), Mumbai Bench, in a recent case dismissed an application filed under section 60(5) of the Insolvency and Bankruptcy Code (IBC) by a prospective bidder in...
Claims not included in Approved Resolution Plan are Extinguished: Karnataka HC rules In Favour of Patanjali [Read Order]
The division bench of the Karnataka High Court in a ruling in favour of Patanjali foods limited, has held that Claims not included in approved resolution plan are extinguished. It...
