![Corporate Law Case Digest: Key NCLT Rulings of 2025 [Part 3]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117518-nclt-case-digest-2025-taxscan.webp "Corporate Law Case Digest: Key NCLT Rulings of 2025 [Part 3]")
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...
![Corporate Law Case Digest: Key NCLT Rulings of 2025 [Part 2]](https://images.taxscan.in/h-upload/2026/01/09/250x150_2117990-nclt-case-digest-2025-part-2.webp "Corporate Law Case Digest: Key NCLT Rulings of 2025 [Part 2]")
![NCLT Rules Electricity as Essential Supply u/s 14(2) IBC, Bars Disconnection for Non-Payment of Pre-CIRP Dues by Hotel [Read Order]](https://images.taxscan.in/h-upload/2026/01/06/250x150_2117328-nclt-rules-electricity-essential-supply.webp "NCLT Rules Electricity as Essential Supply u/s 14(2) IBC, Bars Disconnection for Non-Payment of Pre-CIRP Dues by Hotel [Read Order]")
![Full Settlement: NCLT Approves Resolution Plan with 100% Voting Share from Creditors [Read Order]](https://images.taxscan.in/h-upload/2026/01/02/250x150_2116658-full-settlement-nclt-approves-resolution-plan-with-100-voting-share-from-creditors.webp "Full Settlement: NCLT Approves Resolution Plan with 100% Voting Share from Creditors [Read Order]")
![Non-Executive Director cannot be Treated as Wilful Defaulter without Proof of Involvement: Madras HC Quashes IOB Order [Read Order]](https://images.taxscan.in/h-upload/2026/01/02/250x150_2116777-non-executive-director-cannot-treated-wilful-defaulter-without-proof-involvement-madras-hc-quashes-iob-order-taxscan.webp "Non-Executive Director cannot be Treated as Wilful Defaulter without Proof of Involvement: Madras HC Quashes IOB Order [Read Order]")
![Full Settlement: NCLT Approves Resolution Plan with 100% Voting Share from Creditors [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/500x300_2116451-full-settlement-nclt-approves-resolution-plan.webp "Full Settlement: NCLT Approves Resolution Plan with 100% Voting Share from Creditors [Read Order]")
PNB Seeks Insolvency Resolution Against Rice Mills Over ₹74.35 Crore Outstanding Debt: NCLT Considers Section 7 Plea [Read Order]
The Allahabad Bench of National Company Law Tribunal (NCLT) moved Punjab National Bank (PNB) to initiate CIRP Proceedings under section 7 against Rice Mills (Corporate Debtor) for a ₹74.35 crore...
![PNB Seeks Insolvency Resolution Against Rice Mills Over ₹74.35 Crore Outstanding Debt: NCLT Considers Section 7 Plea [Read Order]](https://images.taxscan.in/h-upload/2025/12/31/500x300_2116289-pnb-seeks-insolvency-resolution-against-rice-mills-taxscan.jfif "PNB Seeks Insolvency Resolution Against Rice Mills Over ₹74.35 Crore Outstanding Debt: NCLT Considers Section 7 Plea [Read Order]")
Failure to Meet NCLT Timelines Justifies Full Forfeiture of Deposits: Supreme Court Rejects Purchaser’s Challenge in Liquidation Sale [Read Order]
The Supreme Court in a recent case has upheld the full forfeiture of ₹37.80 crore deposited by the appellant towards the proposed purchase of the Raichur plant of Surana Industries Ltd. in...
![Failure to Meet NCLT Timelines Justifies Full Forfeiture of Deposits: Supreme Court Rejects Purchaser’s Challenge in Liquidation Sale [Read Order]](https://images.taxscan.in/h-upload/2025/12/23/500x300_2114195-failure-meet-nclt-timelines-justifies-full-forfeiture-deposits-supreme-court-rejects-purchases-challenge-liquidation-sale-taxscan.webp "Failure to Meet NCLT Timelines Justifies Full Forfeiture of Deposits: Supreme Court Rejects Purchaser’s Challenge in Liquidation Sale [Read Order]")
NCLT to Reconsider Rs. 92 Lakh Penalty Imposed for Non-Holding of AGMs Due to Directorial Deadlock: NCLAT [Read Order]
The Principal Bench of National Company Law Appellate Tribunal (NCLAT), New Delhi, remanded the matter to NCLT Mumbai to reconsider the ₹92 lakh penalty imposed for non-holding of AGMs from 2016 to ...
Benami Attachment Cannot Breach the “Impregnable Firewall” of NCLT‑Approved Resolution Plan: Madras HC [Read Order]
The Madras High Court, in a recent ruling, has held that the National Company Law Tribunal (NCLT) approved Resolution Plan acts as an impregnable firewall against Benami attachment of an asset...
![Benami Attachment Cannot Breach the “Impregnable Firewall” of NCLT‑Approved Resolution Plan: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/12/23/500x300_2114211-benami-attachment-cannot-breach-impregnable-firewall-nclt-approved-resolution-plan-madras-hc-taxscan.webp "Benami Attachment Cannot Breach the “Impregnable Firewall” of NCLT‑Approved Resolution Plan: Madras HC [Read Order]")
Writ Jurisdiction Cannot Override Statutory IBC Process: Calcutta HC Dismisses Guarantors’ Challenge to Personal Insolvency Proceedings [Read Order]
The Calcutta High Court, in a recent judgement, dismissed a writ petition filed by guarantors challenging personal insolvency proceedings initiated against them under Section 95 of the Insolvency...
![Writ Jurisdiction Cannot Override Statutory IBC Process: Calcutta HC Dismisses Guarantors’ Challenge to Personal Insolvency Proceedings [Read Order]](https://images.taxscan.in/h-upload/2025/12/20/500x300_2113347-writ-jurisdiction-override-statutory-ibc-process-calcutta-hc-dismisses-guarantors-challenge-personal-insolvency-proceedings-taxscan.webp "Writ Jurisdiction Cannot Override Statutory IBC Process: Calcutta HC Dismisses Guarantors’ Challenge to Personal Insolvency Proceedings [Read Order]")