Search Results for "insolvency appeal"

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Search Results for "insolvency appeal"

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Supreme Court

Supreme Court Sets Aside NCLAT Order Condoning Delay in Filing Appeal Under IBC — Filing Without Certified Copy of Impugned Order Renders Appeal Incompetent. The Court held that an appeal under Section 61 of the IBC must be accompanied by a certified copy of the impugned order or an exemption application; failure to do so makes the appeal incurably defective.

12 May 2026

The case arises from an appeal filed by M Lalitha (respondent No. 1) before the National Company Law Appellate Tribunal, Chennai (NCLAT), under Sectio...

Tribunals

NCLAT Dismisses Liquidator's Appeal Against Dismissal of Contempt Petition in Insolvency Case — No Willful Disobedience of Tribunal Order Established. Liquidator's Contempt Plea Fails as Respondent's Actions Did Not Amount to Willful Disobedience of Judgment Dated 02.08.2023 Under Section 60(5) of IBC, 2016.

4 Oct 2024

The Appellant, Mr. Pankaj Dhanuka, the Liquidator of Lanco Kondapalli Power Limited, filed a contempt petition before the National Company Law Tribuna...

Supreme Court

Supreme Court Allows Appeals Against Bombay High Court Order Setting Aside Interim Compensation Under Section 143-A NI Act. Signatory of Cheque Authorized by Company is 'Drawer' Liable for Interim Compensation Under Section 143-A of Negotiable Instruments Act, 1881.

24 Jul 2024

The appellant company entered into agreements with Cane Agro Energy (India) Ltd. (Cane) and made advance payments of Rs.63,46,00,000/- for supply of s...

High Court

Bombay High Court Dismisses State's Appeals in Liquidation Priority Dispute — Official Liquidator's Statutory Lien Under Section 529A of Companies Act Prevails Over State's Claim Under MPID Act. The court held that the Companies Act, 1956, being a special statute for winding up, overrides the MPID Act, 1999, and the Official Liquidator's lien for workmen and secured creditors is paramount.

25 Aug 2022

The case involves two appeals filed by the State of Maharashtra against orders of the Company Court dated 9th June 2017, which rejected the State's cl...

Supreme Court

Supreme Court Dismisses Writ Petition Seeking Quashing of NI Act Proceedings Against Corporate Debtor and Directors - Moratorium Under IBC Does Not Extinguish Liability of Natural Persons Under Section 141 NI Act. The Court held that moratorium under Section 14 of Insolvency and Bankruptcy Code, 2016 applies only to corporate debtor and natural persons under Section 141 of Negotiable Instruments Act, 1881 continue to be statutorily liable despite resolution plan acceptance.

28 Mar 2022

The Supreme Court considered a writ petition filed by a corporate debtor and its directors seeking quashing of criminal complaints under Section 138 o...

Supreme Court

Supreme Court Allows Steel Plant Operation Under Pollution Board Supervision Pending Environmental Clearance Compliance. The Court held that the High Court erred in discontinuing interim orders allowing operation under Board supervision, balancing environmental protection with livelihood concerns.

1 Oct 2021

The case involves Electrosteel Steels Limited, which owns a 1.5 MTPA integrated steel plant in Bokaro, Jharkhand, employing 3,000 regular and 7,000 co...

Supreme Court

Supreme Court Dismisses Applications for Modification of AGR Dues Judgment in Telecom License Dispute. Court held that rectification of arithmetical errors in computation of Adjusted Gross Revenue dues amounts to reassessment, which is prohibited under previous orders, thereby upholding finality of specified dues.

23 Jul 2021

The Supreme Court of India dealt with Miscellaneous Applications filed by the Union of India and telecom service providers seeking modification and cl...

High Court

Bombay High Court Allows Winding Up of S. Kumars Nationwide Ltd. for Inability to Pay Debts. Multiple financial creditors and operational creditors successfully proved the company's insolvency under Sections 433(e) and 434 of the Companies Act, 1956.

1 Jul 2016

The judgment concerns a batch of company petitions filed by various financial creditors and operational creditors seeking the winding up of S. Kumars ...

High Court

Bombay High Court Dismisses Petition Challenging Arbitral Award in Guarantee Enforcement Case. Personal Guarantors Held Liable Despite Principal Borrower's Corporate Insolvency Resolution Process Under Section 14 of IBC.

17 Feb 2015

The petitioners, Jamboo Kumar Jain and Praful Kumar Jain, filed a petition under Section 34 of the Arbitration and Conciliation Act, 1996, challenging...

High Court

Bombay High Court Dismisses Writ Petitions Challenging MSME Facilitation Council Reference and Award — Held That Section 18 of MSMED Act, 2006 Does Not Require Prior Agreement for Reference and That Limitation Under Section 34 of Arbitration Act Applies to Setting Aside of Award.

30 Nov -0001

The judgment involves three writ petitions filed by Morarjee Textiles Ltd., its Head of Finance, and its Executive Director and Chairperson, challengi...

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