'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...
30 Jun, 2026, 12.30 AM IST
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...
12 Jun, 2026, 06.46 PM IST
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...
25 May, 2026, 10.19 PM IST
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...
30 Apr, 2026, 12.39 AM IST
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 ...
24 Apr, 2026, 10.44 AM IST
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...
12 Dec, 2025, 10.20 PM IST
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...
13 Sep, 2025, 06.57 PM IST
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...
04 Jun, 2025, 03.42 PM IST
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...
02 Jun, 2025, 10.40 PM IST
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...
19 Sep, 2023, 09.49 PM IST
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)...
10 Jan, 2023, 04.09 PM IST
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...
23 Jan, 2022, 12.51 PM IST
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...
15 Nov, 2020, 05.25 PM IST
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 ...
14 Aug, 2020, 08.58 PM IST
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".
12 May, 2019, 05.59 PM IST
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.
25 Dec, 2018, 07.40 PM IST
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.
07 Dec, 2018, 12.59 PM IST