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Search Results for "NCLT Chennai"

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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 Financial Creditor's Appeal Against Personal Guarantor Due to Prior Pending Section 95 Proceedings - Bar Under Section 96 IBC. The court held that a subsequent application under Section 95 of IBC is not maintainable when another application under Section 95 is already pending against the same personal guarantor.

30 Apr 2025

The case involves an appeal by Indian Bank (Financial Creditor) against an order of the National Company Law Tribunal (NCLT), Chennai Bench, dated 06....

Tribunals

NCLAT Dismisses Appeal Against Approval of Resolution Plan in CIRP of Tiffins Barytes Asbestos & Paints Ltd. — Challenge to Recall of Order Rejected as Time-Barred and Without Merit.

3 Oct 2024

The appellant, Hero Exports, challenged the order of the National Company Law Tribunal (NCLT), Chennai, dated 12.06.2019 approving the resolution plan...

Tribunals

NCLAT Allows Settlement and Disposes of Appeal Against CIRP Admission Under Section 7 of IBC. The appeal against admission of corporate debtor into CIRP was settled between the director and the financial creditor, leading to setting aside of the NCLT order.

1 Oct 2024

The case involves an appeal filed by Smt. Kandala Vijaya, Director of the suspended board of Deepika Infratech Private Limited, against an order dated...

Tribunals

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.

10 May 2024

The Appellant, Mr. C. Sivasami, was the successful resolution applicant and promoter of M/s. Topknit Processing Mills Pvt. Ltd., the Corporate Debtor....

Supreme Court

Supreme Court Allows Appointment of Arbitrator in Shareholders' Dispute Despite Pending NCLT Proceedings and Prior Arbitral Award. The Court held that under Section 11(6) of the Arbitration and Conciliation Act, 1996, the court should not refuse appointment unless the dispute is ex facie non-arbitrable, and issues of arbitrability should be left to the arbitrator.

4 Nov 2022

The appeal arose from the dismissal of an application under Section 11(6) of the Arbitration and Conciliation Act, 1996 by the Madras High Court. The ...

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 Appeal of Successful Resolution Applicant Seeking Stay of Liquidation — Failure to Deposit Balance Amount Within Extended Time Justifies Rejection of Relief. The appellant, a resolution applicant, failed to deposit the balance amount of Rs.9,37,50,000/- despite extension of time, leading to dismissal of appeal under Section 61 of the Insolvency and Bankruptcy Code, 2016.

30 Nov -0001

The appellant, Mr. C. Sivasami, was the successful resolution applicant and promoter of M/s. Topknit Processing Mills Pvt. Ltd., the corporate debtor....

Tribunals

NCLAT Chennai Dismisses Appeal Against NCLT Interim Order in Company Law Dispute — Upholds Status Quo and Appointment of Advocate Commissioner. The Tribunal held that the NCLT has the power to pass interim orders under Section 242(4) of the Companies Act, 2013 to prevent oppression and mismanagement pending final disposal.

30 Nov -0001

The case involves a dispute between the appellants, Mr. Venkata Shiva Prasad Devulapalli and Mr. M. Sai Sudhakar, and the respondents, including M. Ch...

Tribunals

NCLAT Dismisses IDBI Bank's Appeal Against NCLT Order Directing Implementation of Acquisition Plan in Lanco Infratech CIRP. The Appellate Tribunal upheld the NCLT's direction to form a Monitoring Committee and adhere to timelines under the approved Acquisition Plan, rejecting the bank's challenge to the liquidator's authority.

30 Nov -0001

The National Company Law Appellate Tribunal (NCLAT), Chennai Bench, dismissed an appeal filed by IDBI Bank Ltd. against an order of the National Compa...

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