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NCLAT Stays Impugned Order in Insolvency Appeal Subject to Deposit of Outstanding Amount by Appellant. The Tribunal directed deposit of Rs.2,95,68,940/- under Section 9 of IBC, 2016, and encouraged settlement....

The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, passed an interim order in an appeal filed by Naresh Kumar Agarwal, the suspended director of Bharat Hitech (Cement) Pv...

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NCLAT Stays CIRP Against Corporate Debtor in Homebuyer Insolvency Case — RERA Order Not Considered by NCLT. The NCLAT admitted the appeal on the ground that the Adjudicating Authority failed to consider the RERA order dated 30.06.2023 under Section 8 of the RERA Act while admitting the Section 7 application under the IBC....

This is an appeal before the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, filed by Vinod Kumar Jha, a director (with powers suspended) of Ajnara Realtech Ltd., against ...

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NCLAT Dismisses Appeal Against Rejection of Section 9 Application Due to Pre-existing Dispute and Tampered Invoices. The Operational Creditor's claim for initiation of Corporate Insolvency Resolution Process was rejected as invoices showed tampered interest rate and payment terms, and payment of Rs. 10 Lakh after demand notice created a pre-existing dispute....

The appeal was filed by Sanjay Sharma, Partner of MA Jagadamba Enterprises (Operational Creditor), against the order dated 30.11.2023 passed by the National Company Law Tribunal, Division Bench, Court...

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NCLAT Dismisses Appeal by Shareholder Against CIRP Admission — Shareholder Lacks Locus Standi Under Section 61 IBC. The appeal filed by a shareholder against the order admitting a Section 9 petition by an operational creditor was dismissed as the shareholder is not an aggrieved person under Section 61 of the IBC....

The present appeal was filed under Section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Romi Datta, a shareholder of Sahara Q Shop Unique Products Range Limited (the corporate debtor), agai...

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National Company Law Appellate Tribunal Allows Appeal by Suspended Director in Insolvency Case — Section 9 Application Admitted Without Proper Notice Under Section 8 of IBC. The Adjudicating Authority Failed to Consider That the Operational Creditor Had Not Provided Correct Address for Service of Demand Notice, Rendering the Admission Order Unsustainable....

The appeal was filed by Sashi Kanta Jha, a suspended director of the corporate debtor, M/s Juggilal Kamlapat Jute Mills Company Limited (now Geo Jute Ltd.), challenging the order dated 19.01.2024 pass...

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NCLAT Dismisses Shareholder's Appeal Against Admission of CIRP for Corporate Debtor Under Section 9 IBC. Pre-Existing Dispute Not Established as Dispute Raised After Demand Notice and Lacking Evidence....

The present appeal was filed by Surendra Sancheti, a shareholder of Altius Digital Private Limited (Corporate Debtor), under Section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC), challenging t...

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Supreme Court Dismisses Appeal for Non-Prosecution Due to Failure to Serve Respondents. Service of notice is mandatory; appellant's undertaking to provide address not complied with....

The case involves an appeal filed by the appellant(s) against an order of the Rajasthan State Commission. The appeal was filed on 05.04.2023, and notice was directed to be issued on 18.04.2023. Notice...

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National Consumer Disputes Redressal Commission Dismisses Appeals by Builder Against Execution Orders in Consumer Complaints — Upholds State Commission's Directions for Compliance with Settlement Terms....

The National Consumer Disputes Redressal Commission (NCDRC) heard a batch of appeals filed by M/s. Samar Estates Private Limited and its directors against execution orders passed by the State Consumer...