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NCLAT Allows Personal Guarantor's Appeal in Insolvency Case — Remands for Fresh Consideration of Section 94 Application. The Tribunal held that the Adjudicating Authority erred in dismissing the CP without considering the merits of the application under Section 94 of the Insolvency and Bankruptcy Code, 2016....

The present appeal was filed by Syed Sirajis Salikin Khadri, the personal guarantor of Infra Dredge Services Private Limited, against an order dated 09.12.2024 passed by the National Company Law Tribu...

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NCLAT Dismisses Appeal of BEST Undertaking Against Liquidator's Rejection of Interest Claim and Secured Creditor Status in Liquidation of Spark Green Energy. Interest-Free Deposit Does Not Attract Interest, and Unregistered Charge Does Not Confer Secured Status Under IBC....

The appeal was filed by Brihanmumbai Electricity Supply and Transport Undertaking (BEST) against an order of the Adjudicating Authority (NCLT Mumbai Bench-II) dated 25.10.2024, which upheld the Liquid...

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NCLAT Dismisses Appeal Against NCLT Order Refusing Recall of CIRP Admission Order. Recall Application Under Rule 11 of NCLT Rules, 2016 Not Maintainable as It Seeks Review of Merits, Not Correction of Clerical Error or Fraud....

The appellant, RCC E-Construct Pvt. Ltd., filed a Company Appeal before the National Company Law Appellate Tribunal (NCLAT), Chennai, challenging the order dated 28.04.2025 passed by the National Comp...

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National Company Law Appellate Tribunal Dismisses Appeals by Suspended Director Challenging Withdrawal of CIRP Application Under Section 12A of IBC -- Orders Permitting Withdrawal and Deletion of Suspended Management Upheld...

The National Company Law Appellate Tribunal dismissed Appeals by Appellant, Suspended Director, against orders of the Adjudicating Authority related to withdrawal of CIRP under Section 12A of the IBC....

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NCLAT Dismisses Interim Application Seeking Removal of IRP and Permission for Ex-Management to Operate Bank Accounts in CIRP. CIRP having commenced, no permission can be granted to ex-employee/key managerial person to operate bank accounts....

The National Company Law Appellate Tribunal (NCLAT) was hearing an interim application (I.A. No. 8910 of 2024) filed by the appellant, Sanjay Chandrakant Jagtap, in an appeal against the Corporate Ins...

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NCLAT Allows Settlement in IBC Section 9 Case, Keeps Admission Order in Abeyance. Appellant directed to deposit Rs. 1 crore with CoC and file Section 12A application within three weeks....

The appeal was filed by Vyanka Tesh Kulkarni, the suspended director of Manas Vyapar Pvt. Ltd., against an order dated 29.10.2024 passed by the Adjudicating Authority (NCLT) admitting a petition under...

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NCLAT Continues Interim Order and Directs Listing of Appeals for Hearing in Insolvency Matter. The Tribunal ordered that the interim order granted in one of the appeals shall continue until the next hearing date....

The National Company Law Appellate Tribunal (NCLAT) at Chennai, in Company Appeal (AT) (CH) (Ins) No.128/2023 and 129/2023, passed an order on 20.12.2024. The appeals were filed by Umesh Mishra, the s...

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NCLAT Allows Appeal Against NCLT Order Directing Refund of Bank Guarantee Invoked During CIRP — Bank Guarantee Invocation Not Barred by Moratorium Under Section 14 IBC. The NCLAT held that the moratorium under Section 14(1)(c) does not prohibit invocation of bank guarantees, as they are independent contracts and not property of the corporate debtor....

The appeal was filed by WAPCOS Ltd. against an order of the National Company Law Tribunal, Special Bench Mumbai, dated 20.01.2022, which directed the appellant to refund an amount of Rs.11,95,41,056/-...

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NCLAT Considers Appeal Against NCLT Order Dismissing Application to Prevent Deduction from Resolution Plan Payout in CIRP of Amtek Auto Limited. CoC's Commercial Wisdom Under IBC and Permissibility of Deduction for Pre-CIRP Recoveries Examined by Appellate Tribunal....

(1) Background: The appeal arises from the Corporate Insolvency Resolution Process (CIRP) of M/s. Amtek Auto Limited, initiated on 24 July 2017 on an application by Corporation Bank (now Union Bank of...