National Company Law Appellate Tribunal

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National Company Law Appellate Tribunal Upholds Mediated Consent Terms in Company Dispute Under Companies Act, 1956 -- Appeals by Appellant(s) and Accurate Engineering Company Pvt. Ltd. & Ors. Dismissed Due to Failure to Prove Coercion, Undue Influence, and Duress...

The National Company Law Appellate Tribunal dismissed appeals challenging the National Company Law Tribunal's order that upheld mediated consent terms in a company petition under the Companies Act, 19...

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NCLAT Dismisses Appeal Against Assignment of Debt by Government Authority in CIRP. Assignment of operational debt by a government authority to a private entity is valid under the IBC, and the assignee becomes an operational creditor with voting rights in the CoC....

The appeal was filed by Ellison Oil Field Services Pvt. Ltd. against an order of the NCLT, Mumbai Bench 1 dated 21.08.2024, which dismissed an application seeking declarations that an Assignment Deed ...

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NCLAT Dismisses Appeal Against Rejection of Recall Application in IBC Case — Parallel CIRP Commencement Renders Proceedings Infructuous. The Corporate Debtor's recall application was rejected as the main petition under Section 7 of IBC became infructuous due to initiation of CIRP in a parallel proceeding by an Operational Creditor....

The Appellant, M/s. Devi Engineering & Construction Private Limited, was the Corporate Debtor in proceedings under CP (IB) No. 1/7/AMR/2025 initiated by three Financial Creditors (Respondents). On 13....

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NCLAT Adjourns Insolvency Appeal Pending Settlement Between Parties in Cotton Corporation Dispute. Interim Orders to Continue Until Next Hearing on 11.08.2025....

This is an interim order in a company appeal under the Insolvency and Bankruptcy Code, 2016, before the National Company Law Appellate Tribunal (NCLAT), Chennai Bench. The appellant, Nandamuri Meenala...

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NCLAT Dismisses Appeal Against Rejection of Recall Application in Insolvency Matter — Consent Order Cannot Be Recalled Without Proof of Fraud or Lack of Jurisdiction. The Tribunal held that a consent order cannot be recalled under Rule 11 of NCLT Rules, 2016 unless fraud or lack of jurisdiction is specifically pleaded and proved....

The appellant, Mr. Ashique Ponnambaramparambath, former Managing Director of M/s. Platino Classic Motors (India) Private Limited, filed an appeal before the National Company Law Appellate Tribunal (NC...

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NCLAT Allows Appeal Against NCLT Order Rejecting Resolution Professional's Fee Claim, Directs Reconsideration on Merits. The NCLAT held that the NCLT's order was in violation of natural justice as the RP was not heard before the order was passed, and remanded the matter for fresh consideration....

The case involves an appeal by Mathioli N, the Resolution Professional (RP) of MQ Networks Private Limited, against an order dated 07.07.2025 passed by the NCLT, Chennai Bench – II in IA(IBC)/917/CH...

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NCLAT Issues Notice in Appeal Against Rejection of Resolution Plan Approved by 100% CoC Vote. The Tribunal stays liquidation pending hearing, noting that the Resolution Professional and CoC also intend to challenge the same order....

The National Company Law Appellate Tribunal (NCLAT) heard an appeal filed by Deepvir Enterprises & Anr. against an order of the Adjudicating Authority (likely NCLT) that rejected a Resolution Plan sub...

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NCLAT Allows Section 7 Petition in Insolvency Case Due to Acknowledgment of Debt in Balance Sheets and Emails. Repeated acknowledgment of debt by Corporate Debtor in balance sheets and emails extends limitation period under Section 18 of Limitation Act, 1963, saving the petition from being time-barred....

The case involves an appeal filed by Akzo Nobel India Ltd. (Financial Creditor) against Stan Cars Pvt. Ltd. (Corporate Debtor) under Section 61 of the Insolvency and Bankruptcy Code, 2016, challenging...

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NCLAT Allows Appeal Against Admission of CIRP Due to Discharge of Debt Through One-Time Settlement. Financial Debt Found to Be Fully Satisfied Prior to Filing of Section 7 Application Under Insolvency and Bankruptcy Code, 2016....

The present appeal was filed under Section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Mr. Puneet Resutra, the erstwhile Director and Shareholder of M/s Ace Engineering (India) Private Lim...