Search Results for "Corporate Insolvency Resolution Process"

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Bombay High Court Dismisses NHAI Appeals in Land Acquisition Compensation Disput...
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Search Results for "Corporate Insolvency Resolution Process"

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High Court

Bombay High Court Allows EPF Authority to Auction Defaulting Employer's Property Despite Bank's Secured Interest Under SARFAESI Act. Priority of EPF Dues Over Secured Creditors Under Section 11(2) of EPF Act Upheld.

17 Dec 2025

The Central Board of Trustees, Employees Provident Fund (Petitioner) filed a writ petition seeking auction of the property of Respondent No.2 (the emp...

Supreme Court

Supreme Court Dismisses Appeal of Prospective Purchaser in Insolvency Sale — Liquidator Not Obliged to Extend Time for Payment Under IBC. Time extension for payment of sale consideration in liquidation is a commercial decision for the liquidator and stakeholders, not a matter of right for the purchaser.

10 Dec 2025

The case involves an appeal by Appellant against the dismissal of its appeals by the National Company Law Appellate Tribunal (NCLAT) regarding the ref...

Tribunals

National Company Law Appellate Tribunal Quashes Non-Reasoned Order of NCLT Hyderabad Dismissing Operational Creditor's Application Under Section 60(5) of Insolvency and Bankruptcy Code, 2016. Appellate Tribunal Holds That Adjudicating Authority Must Record Reasons When Deciding Civil Rights and Non-Speaking Order Is Unsustainable; Matter Remitted for Fresh Adjudication.

25 Apr 2025

The appeal arose from an order dated 07.05.2024 passed by the National Company Law Tribunal, Hyderabad Bench, rejecting an application filed by Kesari...

High Court

Judicial Scrutiny of RBI's Supersession of Abhyudaya Co-operative Bank's Board. Balance between Constitutional mandates and banking regulations reaffirmed.

18 Nov 2024

The Bombay High Court assessed the legality of the Reserve Bank of India's (RBI) supersession of the Board of Directors of Abhyudaya Co-operative Bank...

High Court

Demand for Tax Dues Prior to Acquisition Quashed Under IBC Provisions. Bombay High Court rules that tax dues from before the acquisition of a company under the Insolvency and Bankruptcy Code (IBC) cannot be recovered from the buyer of the assets during liquidation proceedings.

8 Oct 2024

The petitioner, sought to quash demand notices issued by the Gram Panchayat, Gowari, seeking recovery of outstanding tax dues pertaining to the period...

Supreme Court

Supreme Court Allows Extension of Arbitral Tribunal Mandate in International Commercial Arbitration Involving Share Dispute and Insolvency Moratorium. The court extended the time for the arbitral award under Section 29A of the Arbitration and Conciliation Act, 1996, due to a moratorium under the Insolvency and Bankruptcy Code, 2016, which stayed proceedings and was subsequently lifted.

5 Jan 2023

The dispute arose from an international commercial arbitration between Tata Sons Pvt Ltd (applicant) and Siva Industries and Holdings Ltd (first respo...

Supreme Court

Supreme Court Sets Aside NCLAT Order in Insolvency Appeal Due to Lack of Reasonable Opportunity of Hearing. The Court held that the appellant was deprived of a hearing as notice was undelivered and the order was passed in its absence after remand, restoring the matter to the Appellate Tribunal for fresh decision on merits under Section 9 of the Insolvency and Bankruptcy Code, 2016.

28 Mar 2022

The Supreme Court addressed an appeal concerning an order passed by the National Company Law Appellate Tribunal in an insolvency matter. The dispute o...

High Court

Bombay High Court Allows Summary Judgment for Debenture Trustee in Recovery Suit Against Corporate Guarantor. Defendant's Triable Issues Found to be Sham and Moonshine, Entitling Plaintiff to Judgment Under Order 37 CPC.

8 May 2015

The plaintiff, IDBI Trusteeship Services Ltd., filed a summary suit under Order 37 of the Code of Civil Procedure, 1908, against the defendant, Hubtow...

Tribunals

NCLAT Dismisses Appeal by Resolution Professional in Fraudulent Trading Case Under Section 66 IBC — Lack of Evidence of Intent to Defraud Creditors. The Appellate Tribunal upheld the NCLT order, holding that mere continuation of business or inability to pay debts does not constitute fraudulent trading without specific evidence of fraudulent intent.

30 Nov -0001

The case involves an appeal filed by the Resolution Professional of Think & Learn Private Limited (the corporate debtor) against Aakash Educational Se...

Tribunals

NCLAT Dismisses Appeals Against CIRP Initiation for Manjeera Retail Holdings Private Limited — Corporate Debtor's Default and Limitation Issues Decided. The Appellate Tribunal upheld the admission of CIRP under Section 7 of the Insolvency and Bankruptcy Code, 2016, finding that the default was within the limitation period and that the application was not barred by res judicata.

30 Nov -0001

The judgment pertains to two company appeals filed by Mr. Gajjala Yoganand, a member of the suspended board of directors of Manjeera Retail Holdings P...

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