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NATIONAL COMPANY LAW TRIBUNAL
'Not haircut but mundan': Congress on NCLT clearing Subhash Chandra's Rs 6.5 crore payoutThe NCLT has given the green light for Subhash Chandra's settlement of Rs 6.5 crore against outstanding dues of Rs 22,006 crore. This drast...- Rs 22,006 crore claims, Rs 6.5 crore payout: NCLT clears Subhash Chandra planThe insolvency tribunal NCLT approved Subhash Chandra's repayment plan. Lenders will receive only Rs 6.5 crore against Rs 22,006.57 crore c...
- Rs 21 crore awarded to families of 2 HUL managers killed in 2018 Mumbai-Goa highway accidentA Motor Accident Claims Tribunal awarded twenty-one crore rupees to two families. This compensation was for two Hindustan Unilever managers...
- Is severance pay received under a VRS taxable for all employees? Know what the Income Tax law saysSeverance pay received under a voluntary retirement scheme is not always taxable for all employees; Know why and what the tax law says
- NCLAT upholds SFIO's power to seek disgorgement of assets in IL&FS-linked caseNCLAT has dismissed appeals by audit firm BSR & Associates LLP and former partner N Sampath Ganesh, upholding SFIO’s authority to pursue as...
- Employees exercising their ESOPs should know how a recent ITAT ruling will determine whether the benefit is taxed as perquisite or capital gainsA recent ITAT decision clarified ESOP repurchase taxation. The tax tribunal ruled that repurchased options are capital assets, not perquisi...
- Oriental Hotels board approves merger with Indian Hotels Company Limited (IHCL)Oriental Hotels Limited's board approved an amalgamation scheme with The Indian Hotels Company Limited. This significant merger requires ap...
- Fadnavis flags 'pro-private' APTEL rulings in letter to PM, seeks interventionMaharashtra Chief Minister Devendra Fadnavis has written to Prime Minister Narendra Modi. He seeks intervention in the Appellate Tribunal f...
- NCLT admits Pen India's plea against Reliance Entertainment StudiosNCLT Mumbai has admitted Pen India’s insolvency petition against Reliance Entertainment Studios over a ₹11.94 crore default linked to a sec...
- Insolvency professionals need to be wary of IBC abuse indicators: IBBIInsolvency professionals are now required to watch for at least nine "indicators" to prevent abuse of the Insolvency and Bankruptcy Code (I...
- SpiceJet insolvency case: NCLT allows lessor to withdraw plea, imposes fine on both Aviator ML & cash-strapped airlineThe National Company Law Tribunal allowed Aviator ML to withdraw its insolvency plea against SpiceJet. Both parties faced a fine for late s...
- Realtors line up to buy bankrupt developers as land prices riseSmall and mid-sized developers are increasingly using insolvency proceedings to acquire distressed real estate companies as land prices soa...
- Byju’s resolution professional seeks 90-day extension to resolve insolvencyShailendra Ajmera, the resolution professional from consultancy EY, told the Bengaluru bench of the National Company Law Tribunal on Tuesda...
- Firm linked to LNJ Bhilwara buys Max Group apartment in Noida for Rs 37 croreA luxury apartment in Noida sold for thirty-seven crore rupees. This transaction highlights growing demand for managed communities and prim...
- NBCC moves Supreme Court over RERA rules for 16 Supertech projectsThe Supreme Court will hear NBCC's plea regarding RERA compliance for Supertech projects. NBCC seeks exemption from statutory provisions fo...
- SpiceJet gets more time as NCLT defers lessors’ bankruptcy casesThe NCLT postponed rulings on SpiceJet bankruptcy petitions after a settlement. The tribunal will issue its order on Wednesday, August 19, ...
- JSW Mahanadi Power settles dispute with Raigarh Champa Rail; NCLAT disposes of appealThe NCLAT disposed of an appeal between JSW Mahanadi Power and RCRIPL. Both companies reached an amicable settlement after a dispute over u...
- NCLAT upholds insolvency proceedings against Nyka Steel guarantor over UCO Bank duesThe NCLAT upheld an NCLT order initiating insolvency proceedings against a personal guarantor. This decision involved Asif Ahmed Siddique, ...
- No profit does not negate insider trading charge: SCThe Supreme Court ruled insider trading laws are breached even with minimal profit. It overturned a tribunal order exonerating Tara Jewels ...
- Rajya Sabha clears Tribunals Reforms Bill, 2026 for uniform appointment rulesThe Rajya Sabha approved the Tribunals Reforms Bill, 2026, on Tuesday. This legislation establishes a National Tribunals Commission for uni...
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