Special Situations & Event Driven › Sub-category
Insolvency / Bankruptcy
154 articles
The Indian insolvency landscape remains active, with numerous hearings and procedural updates across various National Company Law Tribunal (NCLT) benches. Cases involving ongoing corporate insolvency resolution processes (CIRPs), liquidation proceedings, and personal insolvency resolution processes (PIRPs) are frequently adjourned, reflecting the complexities and protracted timelines inherent in these legal proceedings. Key developments include appeals before the National Company Law Appellate Tribunal (NCLAT) concerning claims in insolvency cases, such as the Today Homes matter, and continued adjudication of Section 9 IBC applications, as seen in cases involving Bank of Baroda and State Bank of India pursuing claims against guarantors. These ongoing proceedings highlight the continued challenges and evolving legal interpretations within the insolvency framework, potentially impacting creditors' recovery and the resolution of distressed assets.
NCLAT Allows Today Homes Homebuyer Delayed Claim Appeal
NCLAT allows appeal by homebuyer Himanshu Battish against rejection of delayed claim in Today Homes Noida insolvency.
Tribunal directs Resolution Professional to include appellant's claim in second ad
Kazstroy Service vs KSS Petron Liquidator Appeal Listing
NCLAT lists insolvency appeal by JSC-OGCC Kazstroy Service against KSS Petron Pvt. Ltd.'s liquidator for hearing.
Case involves corporate insolvency proceedings under the Insolvency and Bankruptcy Cod
Omkara ARC vs Vistar Financiers NCLAT Appeal Scheduling
NCLAT schedules hearing for Omkara ARC's insolvency appeal against Vistar Financiers for July 8, 2026.
Appeal filed under Company Appeal (AT) (Insolvency) No. 416 of 2018 before Principal Bench in New
NCLT Adjourns Garg Granites vs Radharani Exports Insolvency
NCLT Jaipur Bench adjourns Section 9 IBC case between Garg Granites and Radharani Exports to July 7, 2026 for final arguments.
The order involves multiple interlocutory applications and progress repor
NCLT Kolkata Condones Bank of Baroda Guarantor Application Delay
NCLT Kolkata condoned a 9-day delay in filing an insolvency application against personal guarantor Mrs. Prabha Singh for corporate debtor Kakan Rice Mill Pvt. Ltd.
The tribunal appointed Resolution Pr
NCLT Kolkata Admits Bank of Baroda Guarantor Insolvency Application
NCLT Kolkata admits application under IBC Section 99 for insolvency resolution against personal guarantor Mr. Bhupendra Singh.
Tribunal condones 9-day delay in filing, takes Resolution Professional's
NCLT Adjourns Frost International vs Mohan Steels Hearing
NCLT Allahabad Bench adjourned hearing for Frost International Ltd vs Mohan Steels Ltd insolvency case to July 15, 2026.
Case involves corporate insolvency petition under Section 7 of IBC filed agains
Bhansali Engineering Polymers Liquidation Case Adjourned
NCLT Allahabad Bench adjourned Bhansali Engineering Polymers Ltd liquidation matter to July 6, 2026.
No parties or counsel appeared for the hearing held on May 19, 2026.
The case involves an applicati
NCLT Adjourns SBI vs Simbhaoli Guarantor Hearing
NCLT Allahabad Bench adjourns hearing for two insolvency petitions filed by State Bank of India against personal guarantor of Simbhaoli Sugars.
Adjournment granted until July 7, 2026, due to unavailab
NCLT Adjourns Shanti Refrigeration CIRP Hearing
NCLT Allahabad Bench adjourns hearing in Shanti Refrigeration Industries CIRP to June 4, 2026.
Ex-management counsel claims a fresh Resolution Plan proposal is under discussion with State Bank of Indi
NCLT Adjourns Neelkanth Surgical Insolvency Hearing
NCLT Allahabad Bench adjourns hearing in Neelkanth Surgical Industries insolvency case to July 6, 2026.
Case involves corporate insolvency resolution process initiated under Section 7 of IBC.
No parti
NCLT Disposes IA No.621/2023 in Manjushree Technopack Liquidation
NCLT Allahabad disposes IA No.621/2023 as the liquidator confirms the underlying claim has been satisfied.
The order adjourns seven other interlocutory applications for a hearing on July 8, 2026.
The
NCLT Adjourns JVL Agro Insolvency Proceedings Against Guarantors
NCLT Allahabad Bench adjourns multiple insolvency proceedings under Section 95 IBC against personal guarantors of M/S JVL Agro Industries Ltd.
Cases involve Bank of Baroda and State Bank of India as f
Saurav Misira Enterprises Insolvency Hearing Adjourned
NCLT Allahabad Bench adjourns hearing for Saurav Misira Enterprises Pvt Ltd insolvency resolution to June 5, 2026.
The case involves corporate insolvency resolution process under Section 9 of IBC agai
Axis Bank Seeks Benara Bearings Default Date Rectification
NCLT Allahabad adjourns Axis Bank's insolvency petition against Benara Bearings and Pistons Limited.
Financial creditor granted one week to file affidavit rectifying the date of default.
Next hearing
NCLT Allahabad Adjourns SAIL vs Jaiprakash Associates Hearing
NCLT Allahabad adjourns hearing to July 6, 2026 in SAIL's petition against Jaiprakash Associates under Companies Act.
Case involves petition under Sections 241/242 of Companies Act, 2013 against respo
NCLT Allahabad Issues Notice in Rotomac Global Liquidation
NCLT Allahabad Bench issues notice to respondent in IA No.305/2026 related to Rotomac Global Pvt Ltd liquidation.
Tribunal directs respondent to file response within ten days after service of notice i
Canara Bank vs Rahul Pandey PIRP Closed via OTS
NCLT Allahabad disposes of personal insolvency case against Rahul Pandey, guarantor of Green Space Block LLP.
Case closure follows full receipt of One Time Settlement payment by financial creditor Can
Baff Engineers Ex-Management Adjournment Application NCLT
NCLT Allahabad adjourns IA No.309/2026 filed by ex-management of Baff Engineers Pvt Ltd to June 2, 2026.
Application heard in context of approved resolution plan under Section 9 IBC in CP (IB) No.32/A
NCLT Closes Canara Bank-Pawan Pandey PIRP Case
NCLT Allahabad disposes of personal insolvency case against Pawan Pandey, guarantor of Green Space Block LLP.
Case closure follows full receipt of One Time Settlement payment by financial creditor Can
NCLT Adjourns Indian Bank Personal Guarantor Cases
The NCLT Allahabad Bench adjourned two insolvency cases against personal guarantors of Primuss Metroll Ltd. to June 8, 2026.
Cases involve Indian Bank as financial creditor under Section 95(1) of the
NCLT Adjourns MKM Technologies Liquidation Hearing
NCLT Allahabad Bench adjourned the hearing for MKM Technologies Pvt Ltd (in liquidation) to June 29, 2026.
Multiple interim applications and contempt petitions are pending in the corporate insolvency
Redmil Business Mall NCLT Insolvency Petition Adjournment
NCLT Allahabad Bench adjourns M/s Redmil Business Mall Private Limited's voluntary insolvency petition under Section 10 IBC.
Corporate applicant's counsel seeks time to file an affidavit clarifying th
NCLT Bareilly Highways Insolvency Petition Hearing Update
NCLT hears State Bank of India's Section 7 insolvency petition against Bareilly Highways Project Limited.
Tribunal condones 7-day delay in filing reply, takes reply on record for merits adjudication.
Religare Enterprises Secures IRP Replacement in CIRP
NCLT orders replacement of IRP Gautam Singhal with Vivek Parti in Ligare Aviation CIRP.
Application filed due to Singhal's AFA license not being renewed, disqualifying him from role.
Tribunal directs
Hostin Services Files Rs 1.6 Crore Insolvency Petition Against Creator Economy Tech
Hostin Services Pvt Ltd filed Section 9 insolvency petition against Creator Economy Tech Pvt Ltd for unpaid dues.
Petitioner claims Rs 3 crore bills raised with only partial payment received from resp
NCLT Issues Notice to Sanco Industries Personal Guarantor
NCLT issues notice to personal guarantor Rita Gupta in Sanco Industries insolvency case.
Tribunal directs guarantor to file response to the petition by next hearing date.
Matter listed for further hea
CFM ARC Files ₹504.8 Crore Insolvency Against Sare Saamag
CFM Asset Reconstruction files Section 7 IBC petition for ₹504.8 crore debt recovery from Sare Saamag Realty.
Tribunal directs petitioner to serve notice via email and dasti, giving corporate debtor 7
Instakart Services NCLT Petition Against Reinvent Agrochain
Instakart Services filed an insolvency petition against Reinvent Agrochain for defaulting on Rs 7.48 crore admitted debt.
Reinvent Agrochain acknowledged liability via email and signed a settlement ag
NCLT Dismisses Kashyap Motors Restoration Applications
NCLT dismisses two restoration applications for COMPANY APPEAL (IBC)/9/ND/2024 due to filing beyond the 30-day statutory period and lack of valid grounds.
The applications were filed by Smt Sarita and
Power2Sme Files Rs 1.35 Crore Insolvency Petition Against S.N.S Infra
Power2Sme Pvt Ltd filed a Section 9 IBC petition against S.N.S Infra Projects Pvt Ltd for defaulting on a payment of approximately Rs 1.35 crores.
The corporate debtor admitted liability via emails on
NCLT Accepts Unitech Machines Delayed Progress Report
NCLT disposes application to accept Monitoring Committee's 3rd Progress Report for Unitech Machines Ltd.
Applicant cited technical issues as reason for delayed filing of the insolvency progress report
PNB Insolvency Application Against SVOGL Under IBC
Punjab National Bank filed an insolvency application under Section 7 of IBC 2016 against SVOGL Oil Gas and Energy Limited.
NCLT issued notice questioning application maintainability due to company's l
NCLT Lists Punjab National Bank Bansal Diamonds Liquidation
NCLT lists new interlocutory application IA-15/2026 for hearing on 25 May 2026 alongside existing IA-2023/2026.
Punjab National Bank is the petitioner against corporate debtor Bansal Diamonds Pvt Ltd
State Bank of India vs Gaurav Rathi NCLT Adjournment
NCLT New Delhi adjourns insolvency petition filed by State Bank of India against Gaurav Rathi due to power failure.
Case IB-550(PB)/2021 under Section 95(1) of IBC 2016 renotified for hearing on 03.08
CFM ARC Initiates Insolvency Against Saamag Constructions
CFM Asset Reconstruction files Section 7 IBC petition against Saamag Constructions for a default of ₹504.80 crore.
Tribunal directs petitioner to serve notice via email and dasti, giving corporate deb
FDS Management Liquidator Seeks Dues Payment Direction
Liquidator files application seeking direction for Stakeholders' Consultation Committee to pay all outstanding dues, including CIRP costs.
Tribunal lists matter for further hearing on 14 July 2026 to
NCLT Issues Notice to Saga Developers in Rs 504.8 Crore Insolvency Case
NCLT directs CFM Asset Reconstruction to serve notice on Saga Developers for a Rs 504.8 crore insolvency petition.
Corporate debtor Saga Developers given 7 days to file a reply to the Section 7 petiti
IDBI Trusteeship vs Gautam Choudhary NCLT Adjournment
NCLT adjourns Section 95 IBC insolvency petition filed by IDBI Trusteeship against Gautam Choudhary due to power failure.
Case IB-300(ND)/2025 renotified for hearing on August 5, 2026 before New Delhi
NCLT Issues Notice to Saamag Developers in Rs 504.8 Crore Insolvency Case
NCLT directs CFM Asset Reconstruction to serve notice on Saamag Developers for a Rs 504.8 crore insolvency petition.
Corporate Debtor must file a reply within 7 days of notice receipt or the case will
NCR Healthways Insolvency Petition Hearing Adjourned
NCLT adjourns Section 7 IBC petition hearing for NCR Healthways Pvt. Ltd. to July 2026.
Court directs registry to list substitution application for deceased petitioner's legal representatives.
Petitio
NCR Healthways Insolvency Petition Hearing Adjourned
NCLT adjourns Section 7 IBC insolvency petition against NCR Healthways Pvt. Ltd. to July 2026.
Petition was previously dismissed for non-prosecution in 2023 but restored by the tribunal in March 2026.
Prestige Estates NCLAT Modifies Interim Order on Resolution Plan
NCLAT modifies its interim order to specify that actions by the Resolution Applicant for Prestige Estates are subject to the appeal's outcome.
The Resolution Plan for Prestige Estates Projects Ltd. ha
NCLAT Lists IL&FS Case for Orders on June 22
NCLAT lists the Union of India vs IL&FS appeal for passing orders and hearing interim applications on June 22, 2021.
Multiple parties, including GAIL India and HDFC, filed applications for interventio
NCLAT Lists IDBI Bank vs Deccan Chronicle Insolvency Appeals
NCLAT hears multiple interlocutory applications in interconnected insolvency appeals filed by IDBI Bank and Deccan Chronicle entities.
The Resolution Professional cites a fund shortage preventing the
Pawan Kumar Appeals Utsav Securities Liquidation
Appellant Pawan Kumar seeks urgent NCLAT hearing against Utsav Securities' liquidation application.
Respondent 1 claims lack of service, requests appeal papers; Appellant alleges deliberate delay.
RP
NCLAT Restores Maithan Alloys Insolvency Appeal
NCLAT restores State Bank of India's insolvency appeal against Maithan Alloys per Supreme Court order.
Maithan Alloys files application expressing willingness to comply with NCLAT's earlier directions
Roopya Tradebizz Appeals NCLAT Euphoria Technologies Order
Roopya Tradebizz Limited files two appeals at NCLAT against orders related to Euphoria Technologies Pvt. Ltd.
Appeals challenge the Erstwhile Resolution Professional and the Liquidator of Euphoria Tec
NCLAT Adjourns R.P. Info System Insolvency Appeal
NCLAT Principal Bench adjourns Kaustuv Ray's insolvency appeal against State Bank of India to August 2026.
Appeal filed by suspended director of R.P. Info System Ltd. challenges proceedings initiated
NCLAT Continues Interim Order in K8 Developers vs JPAL Insolvency Appeal
NCLAT grants K8 Developers time to file additional pleadings in its appeal against Jaiprakash Associates Ltd's resolution professional.
The Tribunal directs completion of pleadings and lists the matte
Jaypee Greens Homebuyers Appeal NCLAT Hearing
Association of Independent House Owners of Jaypee Greens files appeal at NCLAT against Bhuvan Madan Resolution Professional.
The appeal, Comp. App. (AT) (Ins) No. 878 of 2026, is scheduled for a joint
Ashok Tiwari vs DBS Bank India NCLAT Appeal
NCLAT lists insolvency appeal filed by Ashok Tiwari against DBS Bank India Ltd for hearing on 28 May 2026.
Appeal challenges proceedings involving DBS Bank India and asset reconstruction company ACRE.
IL&FS NCLAT Proceedings Adjourned to July 2026
NCLAT adjourns multiple interlocutory applications in the IL&FS vs Union of India appeal to July 20, 2026.
The order directs parties to complete pleadings and file hard copies in applications where di
ICICI Bank NCLAT Appeal Adjourned to August 2026
• ICICI Bank Ltd. filed an appeal against a resolution professional at NCLAT.
• The appeal pertains to the corporate insolvency resolution process of Servel India Pvt. Ltd.
• The NCLAT Principal Bench
NCLAT IL&FS Proceedings Multiple Intervenor Applications
NCLAT disposes of Indian Bank application as infructuous post-distribution completion.
Directs EPFO to file its claim with IL&FS group's claim management team.
Orders Punjab National Bank to process c
Proptree Promoters NCLAT Appeal Dismissed on RERA Funds
NCLAT dismissed Proptree Promoters' appeal against an order rejecting its application in Shree Vardhman Infraheights' CIRP.
The Adjudicating Authority ruled the operational creditor had no locus to fi
Arshiya Ltd RP Seeks CIRP Timeline Exclusion at NCLAT
Resolution Professional of Arshiya Ltd files application to exclude appeal period from CIRP computation.
Adjudicating Authority previously extended CIRP timeline until June 27, 2026 via order dated Ap
NCLAT Schedules Prudent ARC vs Karan Automotives Hearing
NCLAT Principal Bench schedules hearing for July 14, 2026 in insolvency appeal between Prudent ARC and Karan Automotives.
Both parties directed to file written submissions and list of authorities befo
NCLAT Adjourns Ajnara Realtech Insolvency Appeals
NCLAT Principal Bench adjourns two interconnected insolvency appeals involving Ajnara Realtech Ltd to May 22, 2026.
Appeals challenge orders related to corporate insolvency resolution process against
Suraksha Realty NCLAT Appeal Dismissed on Preferential Transaction
NCLAT dismissed Suraksha Realty's appeal against NCLT order declaring its mortgage as preferential transaction under IBC.
Mortgage deed executed in July 2021 secured 2014 debt, improving creditor posi
EPFO vs Future Supply Chain NCLAT Hearing Adjourned
NCLAT adjourned hearing to July 31, 2026 in EPFO's appeal against Future Supply Chain Solutions Ltd.
EPFO Regional Office Kandivali-East is appellant while IRP Rajan Rawat and SRA are respondents.
Res
NCLAT Adjourns Drishti Chitrabhanu vs Sarvottam Realcon Appeal
NCLAT Principal Bench adjourns insolvency appeal hearing to July 7, 2026.
Tribunal grants respondent two weeks to file reply to delay condonation application.
Case involves appeal by Drishti Chitrabha
NCLAT Schedules Wind World Director Appeal Hearing
NCLAT schedules hearing for July 22, 2026 on appeal by suspended Wind World director against IDBI Bank.
Appellant permitted to file additional affidavit within two weeks in insolvency appeal case.
Cas
Edelweiss ARC Appeals Monnet Power Liquidation Order
Edelweiss Asset Reconstruction Company Ltd. files an appeal against the Liquidator of Monnet Power Company Ltd. at NCLAT.
The appeal is listed for the next hearing on 07.08.2026.
The order is procedur
NCLT Dismisses EPFO's Rs 8.23 Cr Liquidation Claim
NCLT Kolkata dismisses EPFO's application seeking Rs 8.23 crore in provident fund damages and interest from Corporate Power Ltd's liquidation.
Tribunal condones 148-day filing delay but rejects claim
NCLT Admits Omnibay Insolvency Petition Over ₹2.81 Crore Default
NCLT Kolkata admits Section 7 IBC petition against Omnibay Private Limited for defaulting on a ₹2.81 crore debt to financial creditor Ranisati Constructions.
The court found a financial debt of ₹2.65
NCLT Admits Bank of India Insolvency Petition Against Bahubali Realbuild
NCLT admits Bank of India's Section 7 IBC petition against corporate guarantor Bahubali Realbuild for a default of ₹17.54 crore.
Corporate Debtor provided guarantee for loans to Sunbeam Dealers, which
NCLT Grants Sree Bajrang Infracon 18-Day Settlement Period
NCLT Guwahati grants Sree Bajrang Infracon Pvt. Ltd. 18 days to settle its insolvency dispute with operational creditor Jalan Sales Corporation.
Respondents undertake to hand over an Audi, Fortuner, a
Abutani Mercantile Insolvency Cooperation Assurance Order
NCLT Guwahati lists Abutani Mercantile's insolvency case for further consideration on 12 June 2026.
Respondent's counsel assures full cooperation with the Resolution Professional in obtaining necessar
Dunlop Polymers Resolution Plan Approved by NCLT
NCLT Bengaluru approves the resolution plan for Dunlop Polymers Pvt. Ltd. under IBC.
The monitoring committee is directed to report on the plan's implementation on July 20, 2026.
The order was passed
Dunlop Polymers NCLT Resolution Plan Approved
NCLT Bengaluru approves resolution plan by Saikam Sivachaitanya for Dunlop Polymers Pvt Ltd under IBC.
Plan provides ₹17.25 crore payout to creditors, including ₹16.75 crore to secured creditor Canara
Seitz India NCLT Insolvency Case Adjourned to September 2026
NCLT adjourns Seitz GmbH's Section 9 insolvency application against Seitz India Pvt Ltd to 02.09.2026 due to paucity of time.
The case involves a contempt petition (No. 21/ND/2022) within the main ins
Creative Capital Services vs Alka Goyal NCLT Adjournment
NCLT adjourns Section 95(1) insolvency application hearing involving Creative Capital Services and Alka Goyal.
Case IB/13/ND/2024 postponed to July 1, 2026, due to paucity of time during hybrid hearin
Nuvision vs Flywheel Logistics NCLT Adjournment
NCLT adjourns Section 7 insolvency proceedings for Nuvision Delhi vs Flywheel Logistics to June 10, 2026.
Multiple interlocutory applications and an intervention petition are pending before the tribun
NCLT Chandigarh Stays J&K Bank Auction of Amar Singh & Sons
Amar Singh & Sons Tree Nuts LLP files for corporate insolvency under Section 10 of IBC, 2016.
NCLT Chandigarh directs J&K Bank to halt its SARFAESI auction process scheduled for 25.05.2026.
The tribun
Som Resorts Insolvency Petition Adjourned to May 28
NCLT adjourns Section 7 insolvency petition against Som Resorts Private Limited due to paucity of time.
Multiple interim applications are pending hearing in the matter filed by Yadubir Singh Sajwan.
T
NCLT Adjourns Green Belt Industry Insolvency Hearing
NCLT Guwahati Bench adjourns two interlocutory applications in the IFCI Venture vs Green Belt Industry insolvency case to July 1, 2026.
Pleadings are complete for both applications under Section 7 of
State Bank of India vs Krishan Dhingra Adjourned to July 2026
• NCLT adjourned State Bank of India's insolvency application against Krishan Dhingra to July 1, 2026.
• The hearing was conducted in hybrid mode (physical and virtual) due to paucity of time.
• The a
SpiceJet NCLT Hearing Adjourned Due to Connectivity
NCLT adjourned a Section 9 insolvency hearing against SpiceJet Limited due to internet connectivity issues during the hybrid proceeding.
The matter involves an application filed by Aviator ML 29641, L
Tata Capital vs Sanjay Mehra Insolvency Case Adjourned
NCLT adjourns Tata Capital's insolvency application against Sanjay Mehra to July 2026.
Case involves Section 95(1) IBC proceeding with legal representation from both parties.
Hybrid hearing conducted
Earth Iconic Infrastructures NCLT Hearing Adjourned
NCLT adjourns hearing in Anil Mahindro vs Earth Iconic Infrastructures insolvency case due to internet connectivity issues.
The matter under Section 7 of IBC, 2016 has been relisted for hearing on Jun
Arshiya FY25 Results Under CIRP: Auditor Disclaimer
Arshiya Limited's Resolution Professional approved audited standalone FY25 results on April 28, 2026, during ongoing CIRP.
Auditors issued a disclaimer of opinion due to 12 material uncertainties, inc
JBF Industries Reports Qualified Audit Opinion Under Insolvency
JBF Industries' auditor issued a qualified opinion on FY26 results due to non-provision of ₹45,283 lakhs interest expense and uncertainty over a ₹12,848 lakhs subsidiary claim.
The company reported ze
Gupta Power Director Appeals NCLAT Insolvency Orders
Mahendra Kumar Gupta appeals multiple NCLAT orders related to Gupta Power Infrastructure Ltd's insolvency against Canara Bank.
The appeals are procedural, listing all cases for hearing on May 28, 2026
NCLAT Dismisses S.A. Plywood and Ion Bio Med Appeals
NCLAT dismisses two appeals by S.A. Plywood and Ion Bio Med against NCLT orders admitting insolvency petitions.
Tribunal rejects applications to amend appeals by substituting suspended directors as ap
Sumer Buildcorp vs Omkara ARC NCLAT Appeal Listing
NCLAT lists insolvency appeal between Sumer Buildcorp and Omkara ARC for hearing on May 22, 2026.
Appeal filed by Sumer Buildcorp challenges a decision involving Omkara Asset Reconstruction Company.
O
NCLAT Dismisses Jet Airways Aircraft Auction Appeal
NCLAT upheld NCLT Mumbai's order dismissing an appeal by Industrial Asset Transaction Services against Jet Airways' aircraft auction.
The appeal contested the auction process, alleging insufficient in
NCLAT Dismisses Shreenathji Infrastructure Insolvency Appeal
NCLAT upheld NCLT Mumbai's dismissal of Shreenathji Infrastructure's Section 9 insolvency petition against Namasthetu Infratech.
Tribunal found pre-existing disputes over work quality, quantity, and c
Grand Oak Canyons Distillery FY26 Results Publication
Grand Oak Canyons Distillery published audited FY26 results showing ₹8.04 lakh net profit after tax on ₹27.37 lakh total income.
Cholamandalam Finance announced e-auctions for four mortgaged propertie
Suryachakra Power Q3 Net Loss ₹2.51 Lakh
Board approved Q3 FY2025 unaudited financial results with a net loss of ₹2.51 lakh for the quarter ended December 31, 2025.
Company has no business operations, resulting in zero revenue and income, wi
Suryachakra Power Q2 2025 Results Under Liquidation
Suryachakra Power Board approved Q2 FY25 standalone results showing zero revenue and a net loss of ₹0.38 lakh.
Company remains under liquidation per NCLT order with sale to Indo Aquatics approved but
Suryachakra Power Q1 Reports Zero Revenue
Board approved Q1 FY25 financial results showing zero revenue and ₹3.83 lakh net loss.
Company remains under NCLT liquidation with ongoing takeover process by Indo Aquatics Limited.
Auditors issued mo
Suryachakra Power Q4 FY25 Results: Zero Revenue, Liquidation Ongoing
Suryachakra Power reported zero revenue and a net loss of ₹2.86 lakh for Q4 FY25, approved by its board on 06 May 2025.
The company remains under liquidation per NCLT order, with sale to Indo Aquatics
Tushar Realhome LLP Insolvency Hearing Adjourned to June 2026
NCLT Jaipur Bench adjourns hearing for Tushar Realhome LLP's Section 7 insolvency petition to June 2, 2026.
Arguments concluded from Resolution Professional and IIFL Home Finance; applicants seek rebu
Golden Jubilee Hotels NCLT Matters Adjourned to 2026
NCLT Hyderabad adjourns nine interconnected insolvency applications involving Golden Jubilee Hotels to August 2026.
All matters are stayed due to a status quo order from the Supreme Court in a connect
NCLT Directs Keya Buildtech LLP CIRP Cooperation
NCLT Ahmedabad hears IRP's application concerning non-cooperation by Keya Buildtech LLP's respondents in the CIRP process.
Tribunal directs respondents to file affidavit explaining absence of financia
UPSIDA Appeals NCLAT Order on Savfab Developers Plan
Uttar Pradesh State Industrial Development Authority appeals an NCLT order concerning Savfab Developers Pvt. Ltd.'s insolvency resolution plan.
The NCLAT issued notice to the respondents and listed th
Parsvnath Director's NCLAT Insolvency Appeal Adjourned
• NCLAT adjourns hearing for Parsvnath Developers suspended director's insolvency appeal to May 18, 2026.
• Appellant Sanjeev Kumar Jain granted liberty to file additional affidavit in case against AR
Parsvnath Director Appeals NCLAT Order in ARCIL Case
Suspended Parsvnath Director Sanjeev Kumar Jain files appeal against Asset Reconstruction Company (India) Ltd at NCLAT.
The NCLAT Principal Bench lists the matter for hearing on May 21, 2026, directin
NCLAT Admits Insolvency Appeals Involving SWAMIH Investment Fund
NCLAT Principal Bench lists two interconnected insolvency appeals for hearing on May 25, 2026.
Appeals involve NRG & Co. and Ansal Crown Infrabuild's RP versus SWAMIH Investment Fund.
Tribunal directs
NCLAT Lists UPHDB vs KSN Buildwell Insolvency Appeals
NCLAT lists three interconnected insolvency appeals involving Uttar Pradesh Housing Board and KSN Buildwell for hearing.
The appeals include matters filed by the housing board, corporate debtor, and r
Rattanindia Power Appeals Sinnar Thermal Insolvency Order
NCLAT adjourns Rattanindia Power's appeal against Sinnar Thermal Power's insolvency proceedings to May 15, 2026.
Tribunal grants respondent SRA two weeks to file reply and appellant one week for rejoi
Loon Land NCLAT Hearing on Rs 42 Crore Dispute
NCLAT hears appeal by Loon Land Development Ltd against RP of Revital Reality Pvt Ltd in insolvency matter.
RP alleges Rs 42 crore consideration for assignment deed remains unpaid by Loon Land to corp
Loon Land Appeals Against Revital Reality RP
NCLAT lists two connected appeals filed by Loon Land Development Ltd against Gaurav Katiyar, the Resolution Professional of Revital Reality Pvt. Ltd.
The appeals are scheduled for a joint hearing on M
Bird Delhi Aviation CIRP Closed After Settlement
NCLAT sets aside NCLT order admitting Rs 54 lakh insolvency petition against Bird Delhi General Aviation.
Appellant deposited Rs 1.09 crore showing bonafide; parties reached settlement agreement on 09
Map Refoils India Ltd Contempt Petition for Liquidation Non-Compliance
NCLT Ahmedabad hears contempt petition against Map Refoils India Ltd's suspended management for non-compliance with liquidation orders.
Tribunal issues bailable warrant against respondent and orders p
Ricova International Files Insolvency Petition Against Shree Narayan Kraft
Ricova International INC filed Section 9 IBC petition against Shree Narayan Kraft Paper Mill LLP for operational debt default.
The National Company Law Tribunal Ahmedabad issued notice to respondent,
BMW India Financial vs Parsoli Motor NCLT Adjournment
NCLT Ahmedabad adjourns multiple interlocutory applications in BMW India Financial's insolvency petition against Parsoli Motor Works.
The matter under Section 7 IBC was listed for hearing but no repre
Kethos Tiles SRA Substitution Application in NCLT
NCLT Ahmedabad hears application to substitute Parth Patel as SRA replacing RP Iqbal Singh Gandhi.
Application filed under Section 60(5)(c) of IB Code, 2016 following resolution plan approval on 05.02
Sunpoint Trading Liquidation Order Appeal Pending
NCLT Ahmedabad hears progress report in Sunpoint Trading Limited's liquidation under IBC Section 7.
Liquidator reports CoC filed NCLAT appeal against 25 July 2024 order rejecting resolution plan.
Trib
NCLT Orders Bankrupt Guarantor Asset Tracking
NCLT admits Bank of Baroda's application concerning personal guarantor Rakesh Ramjibhai Patel.
Tribunal directs Bankruptcy Trustee to obtain and compare the bankrupt's IT returns from FY21 onwards.
Tr
NCLT Ahmedabad Issues Notice in Ecolex Insolvency Case
NCLT Ahmedabad hears two applications in an insolvency petition filed under Section 7 of the IBC.
The petition involves Aka Supplychain Solutions as applicant versus Ecolex Industrial Products as resp
Alchemist ARC Seeks Substitution in Radha Madhav NCLT Case
Alchemist Asset Reconstruction Company files application to substitute itself as applicant in ongoing NCLT insolvency proceedings.
Application filed under Section 60(5)(c) of IB Code 2016 seeking repl
NCLT Declares Mehulkumar Patel Bankrupt for MAP Refoils
NCLT Ahmedabad admits Central Bank of India's petition to declare Mehulkumar Arvindbhai Patel bankrupt for a Rs 57.66 crore debt guarantee.
The personal guarantor's combined repayment plan of Rs 60 cr
NCLT Ahmedabad Reserves Order in Gayatri Engimech Insolvency Petition
NCLT Ahmedabad bench reserves order in Section 7 IBC insolvency petition filed by Gayatri Engimech.
Case involves corporate debtor Specifec Glass Mosaic India Limited as respondent.
Both parties repre
NCLT Ahmedabad Reserves Order in Gayatri Engimech Insolvency Petition
NCLT Ahmedabad Bench reserves order in Section 7 IBC insolvency petition filed by Gayatri Engimech against Sisa Mosaic.
Both parties represented by advocates and have filed written submissions for tri
NCLT Admits Blu-Smart Charge Insolvency Petition
NCLT Ahmedabad admits Section 7 insolvency petition against Blu-Smart Charge Pvt Ltd filed by Catalyst Trusteeship.
Interim Resolution Professional appointed to manage Blu-Smart Charge's corporate ins
IMP Powers Ltd Liquidation Plan Implementation Disputes
NCLT Ahmedabad hears two applications regarding IMP Powers Ltd's liquidation process and sale to FM India Supply Chain.
Applicant seeks sale certificate issuance and distribution of proceeds per Secti
NCLT Declares Arvindbhai Patel Bankrupt for ₹57.66 Crore
NCLT Ahmedabad declares Mr. Arvindbhai Kacharabhai Patel bankrupt under IBC 2016 for a total debt of ₹57.66 crore as personal guarantor to MAP Refoils India Limited.
The order appoints a bankruptcy tr
Ballarpur Industries Board Meeting May 22 FY26 Results
Ballarpur Industries board meeting scheduled for May 22, 2026 to approve audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026.
Trading window for designated persons
Supreme Infrastructure Gets 30-Day NCLT Payment Extension
NCLT Mumbai Bench granted Supreme Infrastructure India a 30-day extension for balance debt payments under its approved scheme.
Company has completed settlements with 80% of lenders and made over 80% p
Neogem India FY26 Auditor Adverse Opinion
Neogem India's auditors issued an adverse opinion due to material uncertainty over its going concern status and inability to repay liabilities.
The company reported a net loss of ₹20.86 lakh for FY26
NCLAT Modifies Interim Order on Shree Tel Fab Insolvency
NCLAT modifies its interim order to allow steps pursuant to Form-G publication for Shree Tel Fab Industries but prohibits putting any resolution plan to vote.
The appellate tribunal grants two weeks f
Sagar Business Appeals Srabani Constructions Liquidation Order
Sagar Business Private Limited files appeal against liquidator Gagan Bihari Bhuyan of Srabani Constructions Pvt. Ltd. at NCLAT.
The appeal challenges aspects of the corporate insolvency resolution pro
63 Moons FY26 Results: Profit Turnaround with Legal Qualifications
Board approved audited standalone and consolidated financial results for FY 2025-26, showing a net profit of ₹17,465.55 lakhs standalone versus a loss last year.
Exceptional items include a ₹14,565.72
NCLAT Reserves Judgment on INCAB Industries Resolution Appeals
NCLAT reserves judgment on multiple appeals challenging INCAB Industries Ltd's corporate insolvency resolution process.
Appeals involve Tropical Ventures Company Ltd and Pegasus Assets Reconstruction
NCLAT Adjourns Omkara ARC vs J&K Bank Appeal
NCLAT adjourned Omkara ARC's appeal against J&K Bank to May 15, 2026.
The appellate tribunal ordered the continuation of existing interim relief.
The case involves insolvency proceedings between an AR
NCLAT Lists Auro Gold Jewellery Liquidation Appeal
NCLAT lists appeal filed by liquidator of Auro Gold Jewellery against CBI for hearing on July 23, 2026.
Appeal concerns insolvency proceedings of Auro Gold Jewellery Pvt Ltd with CBI as respondent.
Ca
Supreme Housing Director Appeals Canara Bank NCLAT Order
NCLAT lists appeal filed by suspended director of Supreme Housing against Canara Bank for hearing.
Appellant Bhawanishankar Sharma challenges an order related to the corporate insolvency resolution pr
NCLAT Lists Loha Ispaat Ltd Liquidation Appeal
NCLAT Principal Bench schedules hearing for insolvency appeal filed by Anil Goel, Liquidator of Loha Ispaat Ltd.
Appeal listed for 14th July 2026 along with two interlocutory applications (I.A. Nos. 1
NCLAT Grants Piramal Three Days for PUFE Affidavit
NCLAT grants Respondent No. 2 (Piramal) three days to file an affidavit detailing fraudulent transaction amounts as per its 24.04.2026 order.
The tribunal orders that its observations from paragraph 9
NCLAT Adjourns J.C. Flowers ARC Insolvency Appeal
NCLAT adjourns hearing for submissions from respondents in J.C. Flowers ARC's insolvency appeal.
Tribunal directs Respondent 2 to file affidavit on PUFE applications and assignment deed within one wee
IndusInd Bank Files Insolvency Petition Against BBR Green Fields
IndusInd Bank initiated corporate insolvency proceedings against BBR Green Fields Pvt Ltd under Section 7 of IBC, 2016.
The National Company Law Tribunal Hyderabad Bench issued notice to respondents a
Castall Technologies Liquidation Closure After Asset Sales
NCLT Hyderabad orders closure of Castall Technologies' liquidation after successful sale of assets as a going concern.
Liquidator realized Rs 17.07 crore from asset sales, distributing Rs 14.94 crore
NCLT Adjourns SREI Equipment Finance vs AKR Construction
NCLT Hyderabad adjourned a hearing in the SREI Equipment Finance insolvency petition against AKR Construction to July 23, 2026.
The tribunal noted the application was incomplete as the claimed amounts
Mata Energy Ltd Liquidation Period Extended Six Months
NCLT Hyderabad extends Mata Energy Ltd's liquidation period by six months until 18 November 2026.
Liquidator Kasi Srinivas filed application IA (IBC) 768/2026 seeking extension from 19 May 2026.
State
Lanco Infratech NCLT Hearing Adjourned to 10.06.2026
NCLT Hyderabad adjourned two interim applications in IDBI Bank's insolvency petition against Lanco Infratech to June 10, 2026.
The matter involves a Section 7 IBC petition filed by IDBI Bank as financ
NCLT Hyderabad Reserves Orders in Lanco Solar Insolvency
NCLT Hyderabad Bench reserved orders on four interlocutory applications in the Lanco Solar Pvt Ltd insolvency case.
The matters involve the liquidator and other parties represented by multiple legal c
NCLT Adjourns Butta Infrastructure Liquidation Hearing
NCLT Hyderabad adjourned a hearing in the Butta Infrastructure liquidation case to July 14, 2026.
The tribunal directed both LIC Housing Finance and Butta Infrastructure to file a brief case synopsis.
DQ Entertainment Liquidation 10th Progress Report Filed
Liquidator filed 10th progress report in DQ Entertainment (International) Ltd's ongoing liquidation process.
National Company Law Tribunal Hyderabad Bench allowed and disposed of the application to ta
NCLT Dismisses Castall Technologies Preferential Transaction Application
NCLT Hyderabad dismissed Resolution Professional's application seeking recovery of ₹57.33 lakhs from 11 respondents for alleged preferential transactions.
Tribunal found transactions with related part
Hyderabad Securities NCLT Hearing Adjourned to July 2026
• NCLT Hyderabad adjourns multiple hearings in a voluntary liquidation case involving Hyderabad Securities & Enterprises Ltd. to 16.07.2026.
• The Tribunal directs the filing of counters and rejoinder
NCLT Adjourns Indo Spirits Insolvency Petition Hearing
NCLT Hyderabad adjourned hearing for Indo Spirits' Section 9 insolvency petition against Sri Avantika Constructions to August 13, 2026.
Petitioner's counsel was absent and failed to file a Rejoinder,
NCLT Adjourns Varahi Pharma vs APTRA Synthesis Insolvency Petition
NCLT Hyderabad adjourns Section 9 IBC petition filed by Varahi Pharma against APTRA Synthesis to July 2026.
Tribunal directs respondent to remove e-filing defects and submit physical counter within on
SAAM Facility Management Insolvency Petition Adjourned
NCLT Hyderabad adjourns insolvency petition against SAAM Facility Management Pvt Ltd filed by Powersol Infra Services.
The matter under Section 9 of IBC was heard on 14 May 2026 with only petitioner's
Dish TV Files ₹1.68 Crore Insolvency Petition Against NK Power
Dish TV India Limited files insolvency petition u/s 9 of IBC against NK Power for default of ₹1.68 crore.
Petitioner states default date was 06.07.2025 with original due amount of ₹1.67 crore, claims
NCLT Hyderabad Adjourns Agarwal Reality Insolvency Applications
NCLT Hyderabad Bench adjourns four interconnected applications in the Agarwal Reality Developers insolvency case to July 2, 2026.
Tribunal corrects procedural error from previous order, setting Respon
NCLT Guwahati Notes Virgo Cements Resolution Plan Status
NCLT Guwahati Bench acknowledges updated status report on Virgo Cements Ltd.'s resolution plan implementation.
Interim Application filed by the Chairman of the Insolvency Management Committee is taken
NCLT Jaipur Directs Service via Liquidator in Krishna Sales Case
NCLT Jaipur Bench orders petitioner to serve Respondent No. 1 through its liquidator due to ongoing liquidation proceedings.
The tribunal notes respondent company Rajasthan Industrial Gases Ltd is und
Noble Co-operative Bank Liquidation Adjourned to July
NCLT Allahabad Bench adjourns Noble Co-operative Bank liquidation proceedings to July 15, 2026.
New liquidator appointed on May 4, 2026, requires time to prepare a progress report.
Case CP (IB) No.17/
NCLT Adjourns JVP Soft vs DLT Labs Hearing
The National Company Law Tribunal Allahabad Bench adjourned the hearing for CP (IB) No.74/ALD/2023.
The matter involves an insolvency petition filed by M/S JVP Soft Pvt. Ltd. against M/S DLT Labs Tech
Aar Shyam Open Offer Acquires 2.13 Lakh Shares
Guruomega Private Limited and Man Mohan Katial completed an open offer for 26% of Aar Shyam India Investment Company Limited, acquiring 2,12,628 shares at ₹19.30 per share.
Multiple companies issued r
Valecha Engineering Allots 95% Stake to Aether & JK
Valecha Engineering discloses substantial share acquisition filings by Aether Perspectives LLP and J K Solutions Private Limited under SEBI SAST Regulations.
Aether Perspectives LLP was allotted 99,13
GTN Textiles Pledges 23.57% Patspin India Shares
• Patspin India Ltd filed a Regulation 31(4) SEBI (SAST) disclosure for year ended March 31, 2026, on behalf of main promoter GTN Textiles Ltd.
• GTN Textiles Ltd holds 1,42,87,068 equity shares (46.2