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NCLAT Dismisses Appeal Against Dismissal of Intervention Application in Liquidation Proceedings. Pendency of Intervention Application Does Not Impede Liquidation Under Section 33(2) of IBC, 2016....

The National Company Law Appellate Tribunal (NCLAT), Chennai Bench, delivered a judgment in Company Appeal (AT) (CH) (Ins) No.47/2025, arising from an order of the Adjudicating Authority (National Com...

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NCLAT Chennai Allows Appeal of Financial Creditor in Insolvency Case, Directs Reconsideration of Resolution Plan. The Tribunal held that the Resolution Professional's failure to include the appellant in the Committee of Creditors and incorrect determination of voting shares violated the IBC, 2016....

The appeal was filed by RBL Bank Limited against the order of the National Company Law Tribunal (NCLT), Chennai, which had approved the resolution plan for Sical Logistics Limited. RBL Bank, a financi...

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NCLAT Dismisses Appeal Against Liquidation Order in Insolvency Case — Appellant Failed to Show Viable Revival Plan or Error in Impugned Order. Corporate Debtor's Liquidation Upheld as No Resolution Plan Was Received and Appellant's Offer Was Not a Valid Plan Under IBC....

The case involves an appeal filed by P. Naveen Chakravarthy (the appellant) against an order dated 27.01.2021 passed by the Adjudicating Authority (National Company Law Tribunal, Chennai) in IA/587/IB...

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NCLAT Dismisses Appeal Against Approval of Resolution Plan for Lack of Standing — Appellant Not an Aggrieved Person Under Section 61 of IBC, 2016. The appellant, not being a party to the CIRP and whose claim was not admitted, lacks locus standi to challenge the order approving the resolution plan....

The case involves an appeal filed by Boorugu Infra Projects Private Limited in consortium with Vishwanath Projects Limited against the order of the National Company Law Tribunal (NCLT) approving a res...

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NCLAT Dismisses Appeal Against Rejection of Section 9 Application Due to Pre-existing Dispute and Limitation. Operational Creditor's claim for work done under contract held to be time-barred and disputed, warranting dismissal under Section 9 of Insolvency and Bankruptcy Code, 2016....

The appeal arises from the dismissal of a Section 9 application under the Insolvency and Bankruptcy Code, 2016 (IBC) by the National Company Law Tribunal (NCLT), Chennai, on 20.03.2024. The Appellant,...

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NCLAT Chennai Dismisses Appeal by Former Directors Against Order to Cooperate with IRP and Hand Over Possession in CIRP under Section 10 IBC. Directors of Corporate Debtor are obligated to cooperate with IRP and hand over custody of premises and assets during CIRP....

The present appeal was filed by Mr. M. Bhaskaran and Mr. M. Radhakrishnan, who were the opposite parties in IA(IBC)/913(CHE)/2025 before the National Company Law Tribunal (NCLT), Chennai. The said IA ...