National Company Law Appellate Tribunal

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NCLAT Allows Appeal Against NCLT Order Permitting Erstwhile Promoter to Submit Resolution Plan. The Tribunal held that an erstwhile promoter who is a related party under Section 29A of the Insolvency and Bankruptcy Code, 2016 is ineligible to submit a resolution plan....

The appeal was filed by M/s. Meir Commodities India Pvt. Ltd., a prospective resolution applicant, challenging the order of the National Company Law Tribunal (NCLT), Hyderabad, dated 08.05.2024. The N...

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NCLAT Stays Dissolution of Corporate Debtor in EPF Claim Case. Employees' Provident Fund Organization's claim rejected by NCLT due to no funds left; appeal pending....

The Employees' Provident Fund Organization (Appellant) had filed a Company Appeal (AT) (CH) (Ins) No. 72/2024 challenging an order dated 19.01.2024 of the NCLT, Chennai, which rejected its claim on th...

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NCLAT Allows Appellant to Deposit Rs. 5.20 Crores in No Lien Account for OTS Settlement in Insolvency Appeal. The court directed the appellant to deposit the amount within two weeks and the bank to consider it against the OTS dated 28.03.2023....

This appeal was filed by Geeta Singh against Canara Bank (formerly Syndicate Bank) and another respondent, challenging the impugned order dated 31.05.2024. The order held that despite ample opportunit...

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NCLAT Allows Appeals Against Rejection of Claims in CIRP, Remands for Fresh Consideration. The Tribunal held that the Resolution Professional must consider claims on merits after giving the claimants a fair hearing....

The National Company Law Appellate Tribunal (NCLAT), Chennai bench, disposed of three company appeals (Nos. 231, 233 & 235 of 2025) filed under Section 61 of the Insolvency and Bankruptcy Code, 2016. ...

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NCLAT Dismisses Appeal of Operational Creditor in IBC Section 9 Case Due to Pre-Existing Dispute. Claim for unpaid invoices rejected as Corporate Debtor raised genuine quality dispute before demand notice....

The case involves an appeal filed by APL Apollo Tubes Limited (Operational Creditor) against the rejection of its application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by the A...

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NCLAT Dismisses Appeal of Successful Resolution Applicant Seeking Stay of Liquidation Order. Failure to Deposit Balance Amount Within Stipulated Time Leads to Forfeiture of Right to Seek Extension....

The Appellant, Mr. C. Sivasami, was the successful resolution applicant and promoter of M/s. Topknit Processing Mills Pvt. Ltd., the Corporate Debtor. He filed an appeal against the Impugned Order dat...

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NCLAT Upholds Contempt Against Customs and Port Officials for Non-Compliance with Order to Release Goods of Corporate Debtor in Liquidation. Failure to Release Imported Machinery Despite Specific Direction Constitutes Wilful Disobedience Under Contempt of Courts Act, 1971....

The case involves an appeal against an order of contempt passed by the National Company Law Tribunal (NCLT) against Ravi Kiran Saladi Konda (Deputy Traffic Manager, Paradip Port Authority) and another...

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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...