National Company Law Appellate Tribunal

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NCLAT Dismisses Appeal Against NCLT Order Refusing Amendment in Section 7 IBC Proceedings — Amendment Sought After Completion of Pleadings and Prior to Admission Not Permitted as It Would Change Nature of Proceedings....

The case involves an appeal filed by Vasavai Power Services Pvt. Ltd. (Corporate Debtor) against an order of the National Company Law Tribunal (NCLT), Amaravati Bench, rejecting its application for am...

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NCLAT Dismisses Appeal by Suspended Director Against Admission of Section 9 Application by Operational Creditor. Pre-existing Dispute Not Established as Operational Creditor's Claim for Refund of Advance Payment Was Not Disputed Prior to Demand Notice Under Section 8 of Insolvency and Bankruptcy Code, 2016....

The appeal was filed by Bhawani Prasad Mishra, a suspended director of B.S. Ispat Pvt. Ltd. (Corporate Debtor), challenging the order dated 26.03.2025 passed by the National Company Law Tribunal, Mumb...

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NCLAT Dismisses Appeal by Personal Guarantor Against Withdrawal of Insolvency Petition by State Bank of India — Principles of Dominus Litis and Right to Withdraw Under Section 95 of IBC, 2016 Upheld. The Personal Guarantor has no locus standi to object to the withdrawal of a Section 95 petition by the Financial Creditor before admission....

The case involves an appeal filed by S. Srinivasan, a Personal Guarantor of M/s. Sri Venkatram Spinners Pvt. Ltd., against an order of the National Company Law Tribunal (NCLT), Chennai, dated 03.06.20...

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NCLT Chennai Allows Dissolution of Company in Voluntary Liquidation Under Section 59(7) IBC, 2016. The Liquidator's petition for dissolution was allowed upon satisfaction of compliance with voluntary liquidation requirements....

The National Company Law Tribunal, Chennai Division Bench, allowed a petition filed by the Liquidator, Mrs. Aneetha Subramaniam, under Section 59(7) of the Insolvency and Bankruptcy Code, 2016, seekin...

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NCLAT Stays Admission of Section 9 Petition Due to Pre-Existing Dispute. Adjudicating Authority's Own Findings of Genuine Dispute Contradict Admission Order Under Section 9 of Insolvency and Bankruptcy Code, 2016....

The National Company Law Appellate Tribunal (NCLAT) was hearing an appeal against an order dated 24.03.2025 passed by the Adjudicating Authority (NCLT) admitting a petition under Section 9 of the Inso...

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NCLAT Dismisses Resolution Applicant's Appeals Challenging Rejection of Plan in CIRP of Jabalpur MSW Pvt. Ltd. — No Merit Found in Allegations of Non-Communication or Procedural Irregularity....

The case involves two appeals filed by Sagar Stone Industries, the Resolution Applicant, challenging an order dated 21.02.2025 passed by the Adjudicating Authority (NCLT) in I.A. No.4977/ND/2024 and I...

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NCLAT Reserves Orders and Judgment in Insolvency Appeals — Interim Order to Continue. The Tribunal heard submissions and reserved judgment in two company appeals under the Insolvency and Bankruptcy Code, 2016, directing continuation of interim order until judgment delivery....

This is an order of the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, dated 28.03.2025, in I.A. No. 1083 of 2025 in Company Appeal (AT) (Insolvency) No. 148 of 2025 and ...

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NCLAT Dismisses Appeals Against Admission of Section 7 IBC Application for Default Under Debenture Trust Deed. Financial Capacity and Project Completion Not Grounds to Interfere with Admission Order....

The National Company Law Appellate Tribunal (NCLAT) heard two appeals (Comp. App. (AT) (Ins) No. 517 and 518 of 2025) filed by Udaivir Anand and Santosh Kumar against the common order of the Adjudicat...

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National Company Law Appellate Tribunal Allows Appeals by Appellant Creditor in IBC Case -- Sets Aside Orders Directing Appellant to Approach GIDC Appellate Authority and Remitting Resolution Plan -- Termination of Lease During Moratorium Held Invalid Under Section 14 of IBC...

The National Company Law Appellate Tribunal (NCLAT) allowed two appeals filed by the Resolution Professional (RP) and the largest financial creditor of GPT Steel Industries Limited, challenging orders...