![Benami Attachment Cannot Breach the “Impregnable Firewall” of NCLT‑Approved Resolution Plan: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/12/19/500x300_2113247-benami-attachment-cannot-breach-impregnable-firewall-nclt-approved-resolution-plan-taxscan.webp "Benami Attachment Cannot Breach the “Impregnable Firewall” of NCLT‑Approved Resolution Plan: Madras HC [Read Order]")
Benami Attachment Cannot Breach the “Impregnable Firewall” of NCLT‑Approved Resolution Plan: Madras HC [Read Order]
The MadrasHigh Court, in a recent ruling, has held that the National Company Law Tribunal (NCLT) approved Resolution Plan acts as an impregnable...
![Writ Petition Founded on Misrepresentation and Suppression: Calcutta HC Upholds WBIDC’s Transfer Fee Demand and Dismisses Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/12/12/250x150_2111750-writ-petition-founded-misrepresentation-suppression-calcutta-hc-upholds-wbidcs-transfer-fee-demand-dismisses-appeal.webp "Writ Petition Founded on Misrepresentation and Suppression: Calcutta HC Upholds WBIDC’s Transfer Fee Demand and Dismisses Appeal [Read Order]")
![NCLAT affirms NCLTs Power to Declare Fraudulent Transactions Void [Read Order]](https://images.taxscan.in/h-upload/2025/12/09/250x150_2111085-nclat-nclt-fraudulant-transactions-void-taxscan.webp "NCLAT affirms NCLTs Power to Declare Fraudulent Transactions Void [Read Order]")
![Statutory Dues Not in Approved Resolution Plan Stand Extinguished: CESTAT Dismisses Appeal, Ruling Dept. Participated in NCLT Proceedings [Read Order]](https://images.taxscan.in/h-upload/2025/12/06/250x150_2110539-approval-resolution-madras-hc-taxscan.webp "Statutory Dues Not in Approved Resolution Plan Stand Extinguished: CESTAT Dismisses Appeal, Ruling Dept. Participated in NCLT Proceedings [Read Order]")
Resolution Plan Shields New Management, Mesne Profit Claim Lies Only Against Erstwhile Management: Calcutta HC Dismisses Appeal by Assam Company
The CalcuttaHigh Court has dismissed an appeal filed by The Assam Company India Limited (ACIL), affirming that under the approved Resolution Plan (RP), no mesne profit claim can be enforced against...
Recall Application u/r 11 Cannot be Utilised as Camouflage to Seek Review of an Order Decided on Merits: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) Chennai bench has ruled that recall applications filed under Rule 11 of the NCLT Rules, 2016, cannot be misused as a disguise to seek review of...
![Recall Application u/r 11 Cannot be Utilised as Camouflage to Seek Review of an Order Decided on Merits: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2025/12/08/500x300_2110913-recall-application-camouflage-review-order-merits-nclat-taxscan.webp "Recall Application u/r 11 Cannot be Utilised as Camouflage to Seek Review of an Order Decided on Merits: NCLAT [Read Order]")
Doctrine of Judicial Comity Bars Civil Court from Entertaining Forgery Case Pending Before NCLT: Delhi HC [Read Order]
In a recent case, the Delhi High Court has held that the doctrine of judicial comity bars a civil court from entertaining a forgery suit already pending before the National Company Law Tribunal...
![Doctrine of Judicial Comity Bars Civil Court from Entertaining Forgery Case Pending Before NCLT: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2025/12/12/500x300_2111613-doctrine-judicial-comity-bars-civil-court-entertaining-forgery-case-pending-before-nclt-delhi-hc-taxscan.webp "Doctrine of Judicial Comity Bars Civil Court from Entertaining Forgery Case Pending Before NCLT: Delhi HC [Read Order]")
Balance Sheet Acknowledgement Binds Guarantor u/s 128 Contract Act: NCLAT Sets Aside NCLT’s Limitation Bar in SBI's Section 95 Petition [Read Order]
The National Company Law Appellate Tribunal (NCLAT) Principal Bench, New Delhi, has allowed the section 95 petition filed by the State Bank of India (SBI) against the respondent, ruling that the...
![Balance Sheet Acknowledgement Binds Guarantor u/s 128 Contract Act: NCLAT Sets Aside NCLT’s Limitation Bar in SBIs Section 95 Petition [Read Order]](https://images.taxscan.in/h-upload/2025/11/29/500x300_2108719-nclat-taxscan.jfif "Balance Sheet Acknowledgement Binds Guarantor u/s 128 Contract Act: NCLAT Sets Aside NCLT’s Limitation Bar in SBIs Section 95 Petition [Read Order]")
Advance Payment for Scrap Sale Qualifies as Operational Debt u/s 5(21): NCLAT Upholds CIRP Admission [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has upheld the admission of a Section 9 petition against the respondent holding that the advance payment for scrap...
![Advance Payment for Scrap Sale Qualifies as Operational Debt u/s 5(21): NCLAT Upholds CIRP Admission [Read Order]](https://images.taxscan.in/h-upload/2025/11/29/500x300_2108735-operational-debt-taxscan.jfif "Advance Payment for Scrap Sale Qualifies as Operational Debt u/s 5(21): NCLAT Upholds CIRP Admission [Read Order]")
IBBI Regulations restrict only Modification of an already issued Expression of Interest, CoC can issue a fresh call : NCLT [Read Order]
The National Company Law Tribunal (NCLT), Kochi Bench, has held that IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 restrict only the modification of an already...
![IBBI Regulations restrict only Modification of an already issued Expression of Interest, CoC can issue a fresh call : NCLT [Read Order]](https://images.taxscan.in/h-upload/2025/11/29/500x300_2108791-ibbi-coc-nclt-taxscan-.webp "IBBI Regulations restrict only Modification of an already issued Expression of Interest, CoC can issue a fresh call : NCLT [Read Order]")
Supreme Court upholds Partial Recovery through IBC Liquidation by Sriram City Union Finance, directs to pay 24% Interest on Loans [Read Order]
The Supreme Court has dismissed an appeal filed by Sri Lakshmi Hotels Pvt. Limited against an arbitral award requiring them to pay 24% interest on loans taken from Sriram City Union Finance Ltd., ...
![Supreme Court upholds Partial Recovery through IBC Liquidation by Sriram City Union Finance, directs to pay 24% Interest on Loans [Read Order]](https://images.taxscan.in/h-upload/2025/12/04/500x300_2110171-supreme-court-ibc-liquidation-sriram-city-union-finance-interest-loans-taxscan.webp "Supreme Court upholds Partial Recovery through IBC Liquidation by Sriram City Union Finance, directs to pay 24% Interest on Loans [Read Order]")