NSEL settlement scheme: approved by more than 90 per cent of creditors, according to the NCLAT, and opposed by MMTC, which voted against it in May 2025 but filed no objections before the NCLT. The Supreme Court has now dismissed MMTC’s appeal. New Delhi: Dismissing an appeal by MMTC Limited on Tuesday, the Supreme Court […]
Mumbai Bench Court VI of the NCLT stops functioning from October 13, and its pending insolvency matters move to Courts I to V, the Tribunal has ordered, citing vacancies in the posts of Members. Mumbai: Every matter pending before Court No. VI of the National Company Law Tribunal’s Mumbai Bench has been transferred to Courts […]
The NCLT Approves 107 Resolution Plans worth Rs 11,071.14 crore in the July to September 2026 quarter, the highest quarterly tally in its history, according to data released by the Tribunal. New Delhi: The National Company Law Tribunal (NCLT) has recorded its highest-ever quarterly performance in terms of approved resolution plans under the Insolvency and […]
The NCLT Kochi has ordered the winding up of 14 Popular Finance Group entities on a petition by the Serious Fraud Investigation Office, appointing the Official Liquidator to trace money and recover assets. Kochi: The National Company Law Tribunal, Kochi Bench, has ordered the winding up of 14 entities linked to the Popular Finance Group, […]
A Rs 20.72 crore electricity dues claim was thrown out because no lawyer turned up. The NCLAT has restored it, holding that a lawyer engaged by a statutory company cannot hand over the brief to a junior and stop appearing. New Delhi: Counsel engaged by a statutory company cannot hand over the brief to a […]
The Supreme Court has held that the NCLT can recall admission of an insolvency petition found to be fraudulent and collusive, but that the CIRP need not end automatically, as it becomes a proceeding in rem after admission. Setting aside the NCLAT’s order, it restored the Three C Shelters CIRP linked to the Greenopolis project for the NCLT to decide whether it should continue.
The Supreme Court has dismissed the appeal of a successful bidder in an IBC liquidation auction that did not pay the balance price within 90 days, upholding the NCLAT’s order affirming forfeiture of its earnest money and the other sums it paid, on the strength of the forfeiture clause in the e-auction notice.
The Supreme Court set aside NCLT and NCLAT orders in the Essel Infraprojects insolvency case after finding reliance on fake AI-generated judicial precedents. The Court adopted a zero-tolerance approach, holding that citing unverified AI-generated judgments amounts to professional misconduct by advocates.
The Supreme Court refused to entertain a plea challenging rules barring retired NCLT and NCLAT members from practising before these tribunals after retirement, while hearing former NCLAT technical member Vijai Pratap Singh’s challenge against restrictions preventing former members from appearing as advocates or consultants.
