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![Unilateral Credit Note and Ledger Write-off Not Proof of Debt Discharge: NCLT Initiates CIRP u/s 9 of IBC [Read Order]](https://images.taxscan.in/h-upload/2025/11/07/500x300_2102933-ibc-cirp-taxscan.webp "Unilateral Credit Note and Ledger Write-off Not Proof of Debt Discharge: NCLT Initiates CIRP u/s 9 of IBC [Read Order]")
Unilateral Credit Note and Ledger Write-off Not Proof of Debt Discharge: NCLT Initiates CIRP u/s 9 of IBC [Read Order]
The National Company Law Tribunal (NCLT), Cuttack Bench, in a recent case, rejected the petitioner’s defence that an operational debt of ₹18.56 ...
![Forged Bank Guarantee Scuttles Rescue Plan: NCLT Orders Liquidation of Unitech Transformers [Read Order]](https://images.taxscan.in/h-upload/2025/10/31/250x150_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]")
![NCLAT Upholds Mediated Family Settlement, dismisses Plea citing Duress and Incomplete Terms [Read Order]](https://images.taxscan.in/h-upload/2025/10/28/250x150_2100456-nclat-mediated-family-settlement-duress-incomplete-terms-taxscan.webp "NCLAT Upholds Mediated Family Settlement, dismisses Plea citing Duress and Incomplete Terms [Read Order]")
![NCLT President Cannot Alter/Extend Territorial Jurisdiction of Any Bench: Gujarat HC Quashes Transfer of Arcelor Mittal Case [Read Order]](https://images.taxscan.in/h-upload/2025/10/26/250x150_2099951-nclt-president-territorial-jurisdiction-any-bench-gujarat-hc-transfer-of-arcelor-mittal-case-taxscan.webp "NCLT President Cannot Alter/Extend Territorial Jurisdiction of Any Bench: Gujarat HC Quashes Transfer of Arcelor Mittal Case [Read Order]")
![NCLT Sanctions Resolution Plan u/s 30(6) After NCLAT Upholds Asset Valuation and Creditor Protections u/s 30(2) [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/250x150_2099503-nclt-resolution-plan-taxscan.webp "NCLT Sanctions Resolution Plan u/s 30(6) After NCLAT Upholds Asset Valuation and Creditor Protections u/s 30(2) [Read Order]")
Section 7 IBC Petition for Rs. 6.49 Cr Admitted: NCLT Rejects Section 10A Bar as Default Occurred Pre-COVID and Imposes Moratorium [Read Order]
The Mumbai bench of the National Company Law Tribunal (NCLT) admitted the Section 7 Insolvency and Bankruptcy Code,2016 (“I&B Code”) petition filed by the petitioner for Rs 6.49 crore, holding...
![Section 7 IBC Petition for Rs. 6.49 Cr Admitted: NCLT Rejects Section 10A Bar as Default Occurred Pre-COVID and Imposes Moratorium [Read Order]](https://images.taxscan.in/h-upload/2025/10/21/500x300_2098825-section-7-ibc-petition-nclt-pre-covid-taxscan.webp "Section 7 IBC Petition for Rs. 6.49 Cr Admitted: NCLT Rejects Section 10A Bar as Default Occurred Pre-COVID and Imposes Moratorium [Read Order]")
Directors Remain Criminally Liable for Dishonoured Cheques Despite Company Insolvency: Orissa HC [Read Order]
In a recent ruling, the Orissa High Court observed that directors of a company cannot escape criminal liability for cheque dishonour merely because the company has been declared insolvent. ...
![Directors Remain Criminally Liable for Dishonoured Cheques Despite Company Insolvency: Orissa HC [Read Order]](https://images.taxscan.in/h-upload/2025/10/18/500x300_2097622-cheque-dishonoured-taxscan.webp "Directors Remain Criminally Liable for Dishonoured Cheques Despite Company Insolvency: Orissa HC [Read Order]")
![NCLT initiates CIRP against Aban Offshore Insolvency, allows application by PNB [Read Order]](https://images.taxscan.in/h-upload/2025/10/17/500x300_2097481-nclt-cirp-aban-offshore-insolvency-taxscan.webp "NCLT initiates CIRP against Aban Offshore Insolvency, allows application by PNB [Read Order]")
![Supreme Court Upholds JSW Steels Resolution Plan for BPSL [Read Judgement]](https://images.taxscan.in/h-upload/2025/09/27/500x300_2091514-supreme-court-jsw-steel-limited-taxscan.webp "Supreme Court Upholds JSW Steels Resolution Plan for BPSL [Read Judgement]")
Adjudicating Authority Bound to Initiate CIRP if Application u/s.10 is Complete and There is No Ineligibility u/s.11: NCLT [Read Order]
A Division Bench of the National Company Law Tribunal at Chennai held that when an application under Section 10 of the Insolvency and Bankruptcy Code is deemed complete and the corporate applicant...
![Adjudicating Authority Bound to Initiate CIRP if Application u/s.10 is Complete and There is No Ineligibility u/s.11: NCLT [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/500x300_2091354-adjudicating-authority-cirp-cirp-if-application-nclt-taxscan.webp "Adjudicating Authority Bound to Initiate CIRP if Application u/s.10 is Complete and There is No Ineligibility u/s.11: NCLT [Read Order]")