Company Law : The MCA introduced a risk-based eligibility framework allowing more companies to access fast-track mergers. By replacing size crit...
Company Law : The case examined whether extending redemption timelines amounts to reissuance. The Tribunal held that extensions within statutory...
Corporate Law : This analysis explains how NCLT continues to respect CoC commercial wisdom but now intervenes when procedures, legality, or fairne...
Corporate Law : RTI inquiry into NCLT/NCLAT reveals member vacancies, lack of consolidated case data, and opaque appointments, highlighting need f...
Corporate Law : The NCLT has ruled that banks can classify accounts as fraudulent during IBC proceedings, clarifying that a moratorium does not sh...
Corporate Law : The Supreme Court upheld joint insolvency proceedings against two interconnected real estate companies due to common management an...
Company Law : ICSI raised concerns over delays in NCLT hearings affecting corporate restructuring and insolvency matters. It emphasized the need...
Company Law : ICSI has urged the government to set up an NCLT Bench in Pune citing 30,600 pending cases and prolonged insolvency timelines. The ...
Company Law : With insolvency cases taking up to 853 days against the 330-day mandate, concerns over NCLT backlog have intensified. A new bench ...
Corporate Law : From 2022-23 to 2024-25, appeals filed at NCLAT rose steadily, with IBC cases forming the majority, reflecting active engagement i...
Company Law : While approving the resolution plan, NCLT clarified that exemptions relating to taxes, duties, and statutory compliances must be o...
Corporate Law : Although the Scheme was sanctioned, the Tribunal clarified that the Income Tax Department remained free to investigate any tax imp...
Company Law : The Tribunal admitted insolvency proceedings after finding documentary evidence of operational debt, part payment, ledger confirma...
Company Law : Section 7 insolvency application filed by State Bank of India (SBI) was admitted against Martina Bio Genics Private Limited and he...
Corporate Law : The Tribunal held that for a guarantee payable on demand, limitation begins from the date the guarantee is invoked and not from th...
Corporate Law : The order permits single judicial members to handle procedural and uncontested matters. It ensures faster case disposal while pres...
Corporate Law : Details of Judicial and Technical Members assigned to NCLT benches across India as per the latest order issued by the Ministry of ...
Corporate Law : Read about the case involving Chetan Patel, an Insolvency Professional, with detailed analysis of alleged contraventions and submi...
Corporate Law : IBBI Disciplinary Committee suspends Sanjay Singh, an Insolvency Professional, for irregularities in the e-auction process. Detail...
Company Law : Explore the order dated 03.02.2024 from NCLT Chandigarh transferring all pending cases from Bench 2 to Bench 1. Detailed analysis ...
While approving the resolution plan, NCLT clarified that exemptions relating to taxes, duties, and statutory compliances must be obtained from the competent authorities separately. Approval of the plan does not itself waive statutory liabilities.
Although the Scheme was sanctioned, the Tribunal clarified that the Income Tax Department remained free to investigate any tax implications arising from the arrangement. Appropriate action under tax laws was expressly kept open.
The Tribunal admitted insolvency proceedings after finding documentary evidence of operational debt, part payment, ledger confirmation, and admission of liability by the Corporate Debtor. The absence of any pre-existing dispute was a key factor.
Section 7 insolvency application filed by State Bank of India (SBI) was admitted against Martina Bio Genics Private Limited and held that pending winding-up proceedings could not override the objective of corporate revival under the Insolvency and Bankruptcy Code, 2016 (IBC).
The Tribunal held that for a guarantee payable on demand, limitation begins from the date the guarantee is invoked and not from the NPA date. Since the guarantee was invoked in 2025, the Section 7 petition was held to be within limitation.
The Tribunal admitted the insolvency petition after finding sufficient evidence of a subsisting financial debt and default in repayment exceeding the statutory threshold under the IBC.
The NCLT Allahabad Bench dispensed with shareholder meetings after finding that all shareholders had consented to the proposed reduction of capital and conversion into a company limited by guarantee.
NCLT Kochi held that shareholders have a statutory right to convene an EGM and remove directors through ordinary resolution if legal procedures are followed. The Tribunal ruled that such removal did not amount to oppression or mismanagement.
NCLT observed that the corporate debtor had acknowledged outstanding balances and never denied receipt of loan disbursements. These records were held sufficient to establish debt and default under Section 7 of the IBC.
The NCLT Kolkata admitted a Section 7 IBC petition after holding that the bank successfully established existence of financial debt and repayment default. The Tribunal initiated CIRP and imposed moratorium against the Corporate Debtor.
