National Company Law Appellate Tribunal

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National Company Law Appellate Tribunal

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NCLAT Dismisses Indian Bank's Appeals in Insolvency Case — Income Tax Refund Held as Part of Corporate Debtor's Assets, Not Subject to Set-off by Bank. The Tribunal upheld the liquidator's right to recover the refund amount, ruling that the bank's claim of set-off under Section 14 of IBC was not maintainable after moratorium....

The National Company Law Appellate Tribunal (NCLAT) dismissed two appeals filed by Indian Bank challenging orders dated 19.12.2024 passed by the National Company Law Tribunal (NCLT), Mumbai Bench, Cou...

Tribunals

NCLAT Allows Secured Creditor's Appeal Against Contribution Order in IBC Liquidation — Secured Creditor Realizing Security Under Section 52 Not Liable to Contribute to Workmen's Dues or Liquidation Costs. The court held that the waterfall mechanism under Section 53 IBC does not apply to secured creditors who opt out of the liquidation process, and Section 226(1)(b) of Companies Act, 2013 is inapplicable....

The appeal was filed by Cosmos Co-Operative Bank Ltd., a secured creditor of Pandit Automotive Pvt. Ltd. (corporate debtor), challenging an order of the NCLT Mumbai dated 14.11.2024. The corporate deb...

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NCLAT Dismisses Appeal Against Rejection of Section 9 Petition Due to Pre-Existing Dispute and Section 10A Bar. Operational Creditor's Claim Time-Barred and Default Occurred During Prohibited Period Under IBC....

The appeal was filed by Royal Construction (Operational Creditor) against the order of the National Company Law Tribunal, Mumbai Bench, which dismissed its Section 9 application under the Insolvency a...

Tribunals

NCLAT Dismisses Appeal of Successful Auction Purchaser in IBC Liquidation Sale Dispute — Clarification of Sale Certificate Rejected. The Appellate Tribunal held that the Liquidator's issuance of sale certificate without mentioning the date of handing over possession does not entitle the auction purchaser to seek modification of the certificate after confirmation of sale....

The appellant, M/s. Sri Vethaa Dairy Private Limited, was the successful auction purchaser in the liquidation process of M/s. GHO Agro Private Limited, conducted by the Liquidator, Jayashree S Iyer. T...

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NCLAT Allows Personal Guarantor's Appeal in Insolvency Case — Remands for Fresh Consideration of Section 94 Application. The Tribunal held that the Adjudicating Authority erred in dismissing the CP without considering the merits of the application under Section 94 of the Insolvency and Bankruptcy Code, 2016....

The present appeal was filed by Syed Sirajis Salikin Khadri, the personal guarantor of Infra Dredge Services Private Limited, against an order dated 09.12.2024 passed by the National Company Law Tribu...

Tribunals

NCLAT Dismisses Appeal of BEST Undertaking Against Liquidator's Rejection of Interest Claim and Secured Creditor Status in Liquidation of Spark Green Energy. Interest-Free Deposit Does Not Attract Interest, and Unregistered Charge Does Not Confer Secured Status Under IBC....

The appeal was filed by Brihanmumbai Electricity Supply and Transport Undertaking (BEST) against an order of the Adjudicating Authority (NCLT Mumbai Bench-II) dated 25.10.2024, which upheld the Liquid...

Tribunals

NCLAT Dismisses Appeal Against NCLT Order Refusing Recall of CIRP Admission Order. Recall Application Under Rule 11 of NCLT Rules, 2016 Not Maintainable as It Seeks Review of Merits, Not Correction of Clerical Error or Fraud....

The appellant, RCC E-Construct Pvt. Ltd., filed a Company Appeal before the National Company Law Appellate Tribunal (NCLAT), Chennai, challenging the order dated 28.04.2025 passed by the National Comp...

Tribunals

National Company Law Appellate Tribunal Dismisses Appeals by Suspended Director Challenging Withdrawal of CIRP Application Under Section 12A of IBC -- Orders Permitting Withdrawal and Deletion of Suspended Management Upheld...

The National Company Law Appellate Tribunal dismissed Appeals by Appellant, Suspended Director, against orders of the Adjudicating Authority related to withdrawal of CIRP under Section 12A of the IBC....

Tribunals

NCLAT Dismisses Interim Application Seeking Removal of IRP and Permission for Ex-Management to Operate Bank Accounts in CIRP. CIRP having commenced, no permission can be granted to ex-employee/key managerial person to operate bank accounts....

The National Company Law Appellate Tribunal (NCLAT) was hearing an interim application (I.A. No. 8910 of 2024) filed by the appellant, Sanjay Chandrakant Jagtap, in an appeal against the Corporate Ins...

Tribunals

NCLAT Allows Settlement in IBC Section 9 Case, Keeps Admission Order in Abeyance. Appellant directed to deposit Rs. 1 crore with CoC and file Section 12A application within three weeks....

The appeal was filed by Vyanka Tesh Kulkarni, the suspended director of Manas Vyapar Pvt. Ltd., against an order dated 29.10.2024 passed by the Adjudicating Authority (NCLT) admitting a petition under...

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National Company Law Appellate Tribunal

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NCLAT Dismisses Appeal Against Rejection of Section 9 Petition Due to Pre-Existing Dispute and Section 10A Bar. Operational Creditor's Claim Time-Barred and Default Occurred During Prohibited Period Under IBC....

NCLAT Dismisses Appeal of BEST Undertaking Against Liquidator's Rejection of Interest Claim and Secured Creditor Status in Liquidation of Spark Green Energy. Interest-Free Deposit Does Not Attract Interest, and Unregistered Charge Does Not Confer Secured Status Under IBC....

NCLAT Dismisses Appeal Against NCLT Order Refusing Recall of CIRP Admission Order. Recall Application Under Rule 11 of NCLT Rules, 2016 Not Maintainable as It Seeks Review of Merits, Not Correction of Clerical Error or Fraud....

National Company Law Appellate Tribunal Dismisses Appeals by Suspended Director Challenging Withdrawal of CIRP Application Under Section 12A of IBC -- Orders Permitting Withdrawal and Deletion of Suspended Management Upheld...

NCLAT Dismisses Interim Application Seeking Removal of IRP and Permission for Ex-Management to Operate Bank Accounts in CIRP. CIRP having commenced, no permission can be granted to ex-employee/key managerial person to operate bank accounts....

NCLAT Allows Settlement in IBC Section 9 Case, Keeps Admission Order in Abeyance. Appellant directed to deposit Rs. 1 crore with CoC and file Section 12A application within three weeks....

Bombay High Court Dismisses NHAI Appeals in Land Acquisition Compensation Dispute — Upho...

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Bombay High Court Dismisses CBI Appeal Against Acquittal in Corruption Case — Prosecutio...

Bombay High Court Dismisses Appeal Against Arbitral Award in Service Agreement Dispute. Co...

High Court of Bombay at Goa Quashes FIR in Property Fraud Case Due to Civil Nature of Disp...

Supreme Court Allows State Appeal in Industrial Incentive Dispute — Concessional Electri...

Supreme Court Quashes Criminal Proceedings Against Relatives in Matrimonial Dispute Due to...

Supreme Court Allows Appeal in MPID Act Deposit Dispute — High Court Erred in Treating I...

Supreme Court Allows Daughters' Partition Suit: Res Judicata Bars Second Rejection Applica...

Supreme Court Dismisses Appeal by Insurance Company, Holds Mediclaim Amount Not Deductible...