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NCLAT Allows Fresh Form G to Maximize Asset Value in CIRP of Raigarh Champa Rail Infrastructure Pvt. Ltd. — Challenge Mechanism Under Regulation 39(1A)(b) of IBBI Regulations, 2016 Must Be Conducted Among Existing Resolution Applicants....

The appeal was filed by JM Financial Asset Reconstruction Company Ltd., acting as trustee of Rail December 2024 Trust, challenging the Impugned Order dated 03.04.2025 passed by the Ld. Adjudicating Au...

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NCLAT Dismisses Appeal Against Rejection of Section 7 Application for CIRP — Claimants Failed to Prove Debt and Default. The Tribunal held that the Appellants did not establish the existence of a financial debt or default, and the application was barred by limitation....

The present appeal was filed by Vistra ITCL (India) Limited, Pratiti Trading Private Limited, and Gajendra Investment Limited (Appellants) against the order dated 02.04.2024 passed by the National Com...

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National Company Law Appellate Tribunal Allows Appeals by Homebuyers Associations Against NCLT Order Rejecting Impleadment in CIRP — Allottees Held to Be Financial Creditors Under IBC Entitled to Be Heard. The Tribunal directed impleadment of the associations in the pending application before the Adjudicating Authority to ensure their right to be heard is protected....

The case involves four appeals filed by two residents' associations (Sharon Hills Residents Association and Angelwoods Apartments Allottees Association) against an order dated 26.04.2023 passed by the...

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NCLAT Chennai Dismisses Appeal Against NCLT Interim Order in Company Law Dispute — Upholds Status Quo and Appointment of Advocate Commissioner. The Tribunal held that the NCLT has the power to pass interim orders under Section 242(4) of the Companies Act, 2013 to prevent oppression and mismanagement pending final disposal....

The case involves a dispute between the appellants, Mr. Venkata Shiva Prasad Devulapalli and Mr. M. Sai Sudhakar, and the respondents, including M. Chandra Sekhar Rao and others, concerning the affair...

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NCLAT Dismisses IDBI Bank's Appeal Against NCLT Order Directing Implementation of Acquisition Plan in Lanco Infratech CIRP. The Appellate Tribunal upheld the NCLT's direction to form a Monitoring Committee and adhere to timelines under the approved Acquisition Plan, rejecting the bank's challenge to the liquidator's authority....

The National Company Law Appellate Tribunal (NCLAT), Chennai Bench, dismissed an appeal filed by IDBI Bank Ltd. against an order of the National Company Law Tribunal (NCLT), Hyderabad Bench, dated 28....

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NCLAT Allows Appeal Against NCLT Order Dismissing Section 7 Application as Abated Due to Death of Corporate Debtor's Director. The Tribunal held that the death of a director does not abate proceedings under the Insolvency and Bankruptcy Code, 2016, and the Resolution Professional can continue the process....

The appeal arises from an order of the National Company Law Tribunal (NCLT), Bengaluru Bench, dated 30.12.2019, which dismissed IA No.47/2019 in CP(IB) No.14/BB/2017, thereby dismissing the Section 7 ...

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NCLAT Allows Appeal of Operational Creditor in IBC Liquidation Case — Reinstates Claim for Unpaid Invoices Despite Delay in Filing. The Tribunal held that the Adjudicating Authority erred in rejecting the claim solely on the ground of delay without considering the merits of the claim and the provisions of the Insolvency and Bankruptcy Code, 2016....

The appeal was filed by M/s. FLSmidth Private Limited, an Operational Creditor, against the order of the National Company Law Tribunal (NCLT), Hyderabad Bench, dated 15.10.2019, which rejected its cla...

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NCLAT Allows Withdrawal of Appeal in Insolvency Matter Due to Settlement Between Parties — No Further Orders Required. Appeal under Section 421 of Companies Act, 2013 disposed as withdrawn after appellant's counsel sought permission to withdraw....

The case involves an appeal filed by State Bank of India under Section 421 of the Companies Act, 2013, challenging an order dated 24.06.2019 passed by the National Company Law Tribunal, Hyderabad Benc...

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NCLAT Sets Aside Impleadment Order in CIRP Proceedings for Violation of Natural Justice — Corporate Debtor's Director Cannot Be Impleaded Without Notice Under Section 60(5) IBC. The order of impleadment was passed without prior notice to the Appellant, violating principles of natural justice, and was set aside with a remand for fresh consideration....

The National Company Law Appellate Tribunal (NCLAT), Chennai Bench, heard an appeal filed by Inkel Limited, represented by its Managing Director, against an order of the National Company Law Tribunal ...

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NCLAT Dismisses Appeal by Financial Creditor Against IRP Fee Claim in Insolvency Case — Professional Fee of IRP Approved by CoC Must Be Paid by Corporate Debtor....

The case involves an appeal filed by the Chief Manager of Canara Bank, the sole Financial Creditor of M/s S.V.K. Shipping Services Pvt. Ltd. (Corporate Debtor), against an order of the National Compan...