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NCLT INFRASTRUCTURE ISSUES
SC grants four weeks to Centre to file response on plea challenging validity of NIA ActThe Supreme Court has requested the Centre to file its response within four weeks. This response is regarding a petition challenging the Na...- Supreme Court adjourns suo motu case on NCLT vacancies, infrastructure; says appointments process underwayThe Supreme Court has postponed a hearing on NCLT member appointments and infrastructure. The court noted that the appointment process for ...
- 'Methyl Isocyanate of law': SC slams AI 'hallucinations', quashes NCLT verdictThe Supreme Court has declared zero tolerance for AI-generated fake or hallucinated judgments used as legal precedents. Setting aside an NC...
- 'Creditors can't seek claims beyond okayed resolution plan'Creditors seeking duplicate recoveries from group companies after a resolution plan is finalized will be disappointed, the NCLT ruled. JM F...
- The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...
- Delhi Gymkhana seeks alternative land for relocation of club in case takeover proceedsThe Delhi Gymkhana Club committee has appealed to the Centre to maintain the club's operations. They seek clarity on relocation and employe...
- Supreme Court flags NCLT delaysThe Supreme Court has taken suo motu cognisance of the grim situation at NCLT benches. Delays in approving resolution plans are causing sig...
- Lavasa homebuyers file plea at NCLAT against resolutionHomebuyers of Lavasa, India's first privately built hill town, have filed a fresh appeal. They allege serious flaws in the resolution plan ...
- NCLAT asks IL&FS to not create third-party rights over headquarters propertyThe NCLAT has directed IL&FS not to create any third-party interest over its Mumbai headquarters. This comes after Brookfield's appeal agai...
- NCLAT upholds order recalling insolvency case against Logix InfraThe NCLAT upheld the NCLT's decision to recall insolvency proceedings against Logix Infrastructure, finding the debt claim fraudulent and m...
- Anil Ambani's Reliance Infra says NCLAT suspends NCLT order admitting co into insolvency; shares edge up over 10%The National Company Law Appellate Tribunal (NCLAT) has suspended the National Company Law Tribunal’s (NCLT) order from May 30, 2025, which...
- Bankruptcy court admits insolvency resolution plea against Reliance InfrastructureThe NCLT's Mumbai bench has initiated insolvency proceedings against Reliance Infrastructure following a petition by IDBI Trusteeship Servi...
- Insolvency & Bankruptcy Code cannot be used as a tool for recovery; says NCLTThe National Company Law Tribunal (NCLT) in India has dismissed a plea to initiate insolvency against Orris Infrastructure, stating that th...
- NCLAT upholds removal of resolution professional of Shree Ram Urban InfraThe NCLAT observed that the Corporate Insolvency Resolution Process (CIRP) was initiated against Shree Ram Urban Infrastructure Ltd (SRUIL)...
- NCLAT directs NCLT to decide over SREI's plea against rights issue of Trinity Alternative InvestmentA two-member NCLAT bench, while disposing of SREI Infrastructure Finance Ltd (SIFL) petition observed that the National Company Law Tribuna...
- NCLT approves Rs 103 crore resolution plan for NIIL InfrastructuresIn March 2018, NCLT Delhi had admitted the application seeking resolution for NIIL Infrastructures under the Insolvency and Bankruptcy Code...
- NCLAT sets aside insolvency proceedings against Ansal Properties and InfrastructureThe appellate tribunal set aside the orders of the Delhi bench of the National Company Law Tribunal (NCLT), which had on March 17 directed ...
- NCLT dismisses ICICI Bank's plea to initiate insolvency proceedings against Era InfrastructureThe tribunal held that "on account of duplicacy" of the claims, the petition filed by ICICI Bank "can not be entertained".
- NCLT helps recover Rs 80,000 crore in 2018; kitty may cross Rs 1-lakh crore in 2019The kitty is expected to swell beyond Rs 1 lakh crore in 2019 with several big-ticket default cases pending.
- NCLT directs Era Infra RP to admit ICICI Bank as financial creditorThe resolution professional (RP) had declined to accept ICICI Bank's claims worth Rs 700 crore.
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