Special Situations & Event Driven › Sub-category
Insolvency / Bankruptcy
123 articles
The insolvency and bankruptcy landscape in India remains active, with numerous cases progressing through various stages of the National Company Law Tribunal (NCLT) system. Recent proceedings include stays on Committee of Creditors formation in the Mehsana Dairy insolvency, and termination of CIRP for Mothers Pride companies, alongside appeals concerning GK Steel, Supreme Housing, and Edelweiss ARC’s involvement with Fab Metals. These developments highlight ongoing legal challenges and interim protections within the resolution process, impacting creditors and debtors alike. The delays and adjudications underscore the complexities of IBC implementation and the potential for protracted legal battles, creating uncertainty for stakeholders and potentially affecting the timeline for asset resolution.
NCLAT Stays CoC Formation in Mehsana Dairy Insolvency
NCLAT admits appeal by suspended director of Mehsana Dairy against admission of Section 9 insolvency application.
Tribunal allows claims collation but stays Committee of Creditors formation until next
NCLAT Stays CIRP Termination of Mothers Pride Companies
NCLAT stays NCLT order terminating CIRP of three Mothers Pride Education companies due to lack of Section 65 IBC findings.
Aditya Birla Capital appeals NCLT's recall of admission orders during extensi
NCLAT Adjourns GK Steel Director Appeal Hearing
NCLAT Chennai adjourns hearing for Company Appeal (AT) (CH) (INS) No. 235/2024 to July 9, 2026.
Appeal filed by suspended director K. Narayanasamy against erstwhile resolution professional and others.
Supreme Housing NCLAT Time Extension Plea
NCLAT hears application from Supreme Housing director for time extension to deposit Rs. 215 crore bank draft.
Tribunal notes interim order was vacated due to appellant's failure to deposit the directe
NCLAT Adjourns Edelweiss ARC vs Fab Metals Insolvency Appeals
NCLAT hears appeals by Edelweiss ARC and Lodha Developers against an NCLT Mumbai order concerning Fab Metals' insolvency resolution.
Lodha Developers claims ownership of Katai and Gharivali assets, ar
Ansal API Director Kanta Devi Surrenders Duplicate DIN
Ansal Properties & Infrastructure Ltd intimated the surrender of Director Kanta Devi's duplicate DIN 08682540 as per Regional Director order.
Kanta Devi was appointed as Non-Executive Woman Director i
Garden Court Distilleries NCLAT Appeal Liquidation Concessions
Garden Court Distilleries appeals NCLT order rejecting its application for reliefs and concessions as successful auction purchaser of Honest Derivatives Ltd.
The NCLT rejected the application citing a
State Bank of India NCLAT Appeal on Liquidation Concessions
State Bank of India appeals NCLT order rejecting its application for reliefs and concessions as successful auction purchaser of Garden Court Distilleries.
NCLT rejected SBI's application citing amendm
NCLAT Adjourns UTM Engineering Insolvency Appeal
NCLAT adjourns an insolvency appeal filed by ex-director Krupasindhu Mandal against UTM Engineering's RP to July 13, 2026.
The appeal challenges actions of the then Resolution Professional, Rajesh Jan
NCLAT Schedules Ramakrishna Township Director Appeal Hearing
NCLAT Chennai schedules admission hearing for appeal by suspended director of Ramakrishna Township against SREI Equipment Finance.
The appeal challenges a proceeding under the Insolvency and Bankruptc
NCLAT Dismisses Progfin's Ganesh Benzoplast Insolvency Appeal
NCLAT upholds NCLT Mumbai's dismissal of Progfin's Section 7 IBC petition against Ganesh Benzoplast Ltd, citing fraud and document discrepancies.
Appellant Progfin claimed Rs 15.44 crore debt from loa
McNally Bharat Discloses Nil Loan Defaults Post-NCLT
McNally Bharat discloses nil defaults on loans and debt securities as of June 30, 2026.
All loans were fully settled per NCLT-approved Resolution Plan dated December 19, 2023.
Company accounts remain
MT Educare Discloses ₹32.33 Crore Loan Default
MT Educare discloses a ₹32.33 crore default on bank loans as of June 30, 2026, under ongoing corporate insolvency.
The company faces invoked corporate guarantees totaling ₹23.99 crore from Axis Bank a
Lords Ishwar Hotels Announces SEBI Physical Share Transfer Window
Lords Ishwar Hotels Ltd notified BSE of a special window for re-lodging physical share transfer deeds, per SEBI circulars dated July 2025 and January 2026.
Multiple banks and NBFCs published possessio
NCLT Mumbai Reserves Topworth Pipes Insolvency Order
NCLT Mumbai Bench reserves order on MA 4064/2019 in Bank of Baroda's insolvency petition against Topworth Pipes & Tubes Pvt Ltd.
Multiple respondents, including Punjab National Bank, were represented
NCLT Kolkata Adjourns Tata Capital vs Harish Kumar
NCLT Kolkata Bench adjourns Tata Capital's insolvency petition against personal guarantor Harish Kumar Agarwal.
The matter under Section 95(1) of IBC is listed for next hearing on 14th July 2026.
Mult
NCLT Kolkata Adjourns Dena Bank vs Hnd Syntex Insolvency Petition
NCLT Kolkata Bench adjourns Dena Bank's Section 7 IBC insolvency petition against Hnd Syntex Ltd to 14 July 2026.
Bank's counsel undertakes to file Vakalatnama within three days, confirming representa
NCLT Kolkata Adjourns Manglam Fiscal Liquidation Hearing
The National Company Law Tribunal Kolkata Bench adjourned the hearing for Manglam Fiscal Services P. Ltd. liquidation to July 28, 2026.
The matter involves a corporate insolvency resolution process in
NCLT Kolkata Adjourns Synchronise Scientific Glass Hearing
NCLT Kolkata Bench adjourns hearing for Synchronise Scientific Glass Works Pvt Ltd vs Martina Bio Genics to August 18, 2026.
Case involves winding up petition under Sections 433(e)/433(f) of Companies
NCLT Kolkata Adjourns SBI vs Vinod Mittal Hearing
NCLT Kolkata Bench adjourned hearing in State Bank of India's insolvency application against Vinod Kumar Mittal.
Matter listed for next hearing before Regular Bench on August 7, 2026.
Application file
NCLT Appoints IRP for MM Boutique Guarantor Insolvency
NCLT Indore appoints Mukul Anand Singh as IRP to examine insolvency application against personal guarantor Arun Prabhudas Fifadra.
IRP directed to submit report within 10 days examining debt, default,
NCLT Adjourns MIR Realtors Liquidation Applications
NCLT Kochi Bench adjourns multiple interlocutory applications in the MIR Realtors Pvt Ltd liquidation case to dates in July and August 2026.
Liquidator Annie Abraham seeks adjournment citing a pending
Extol Industries Ltd NCLT Adjournment to August 2026
NCLT Indore Bench adjourns an interlocutory application in the Extol Industries Ltd insolvency proceeding to 17 August 2026.
The matter was adjourned as pleadings are complete but a related liquidatio
NCLT Dismisses Sansar Health Resorts Insolvency Petition
NCLT Indore Bench dismisses Section 7 IBC petition filed by Shantanu Gupta against Sansar Health Resorts Pvt Ltd.
Tribunal finds the insolvency process is being misused for debt recovery amid ongoing
NCLT Appoints IRP for MM Boutique vs Sandhya Fifadra
NCLT Indore appoints Mukul Anand Singh as IRP to examine insolvency application against personal guarantor Sandhya Pankaj Fifadra.
IRP directed to submit report within 10 days examining debt, default,
NCLT Indore Initiates Insolvency Against Ulka Nair
NCLT Indore appoints Mukul Anand Singh as IRP to examine insolvency application against personal guarantor Ulka Chandrashekar Nair.
IRP directed to submit report within 10 days examining debt, default
NCLT Adjourns Navsan Glass RP Application Hearing
NCLT Indore Bench adjourned hearing for Resolution Professional's application to record CoC meeting minutes.
Application filed under Section 22(3)(a) of IBC 2016 for Navsan Glass Industries Ltd insolv
NCLT Adjourns Shree Maheshwar Hydel Power Insolvency Application
NCLT Indore Bench adjourns IA/92(MP)2024 in Shree Maheshwar Hydel Power Corp insolvency proceeding to 17 August 2026.
Application filed by Resolution Professional Vijender Sharma under Sections 19(2),
NCLT Appoints IRP for MM Boutique Guarantor Insolvency
NCLT Indore appoints Mr. Mukul Anand Singh as IRP to examine MM Boutique's insolvency application against personal guarantor Prakash Takhatmal Kothati.
The IRP must submit a report under Section 99 IB
NCLT Appoints IRP for MM Boutique vs Kirit Fifadra
NCLT Indore appoints Mukul Anand Singh as IRP to examine insolvency application against personal guarantor Kirit Fifadra.
IRP directed to submit report under Section 99 IBC within 10 days, examining d
NCLT Directs Creditors to Issue Shradha Buildcon NOCs
NCLT Indore directs three creditors to issue No Objection Certificates to Shradha Buildcon within two weeks for MCA charge satisfaction.
The order follows the successful implementation of a resolution
NCLT Appoints IRP for Bhavna Fifadra Insolvency
NCLT Indore appoints Mukul Anand Singh as IRP to examine MM Boutique's insolvency application against personal guarantor Bhavna Kirit Fifadra.
IRP directed to submit report within 10 days examining de
NCLT Appoints IRP for MM Boutique Guarantor Insolvency
NCLT Indore appoints Mukul Anand Singh as IRP to examine MM Boutique's insolvency application against personal guarantor Manoj Prabhudas Fifadra.
IRP directed to submit report under Section 99 IBC wit
NCLT Adjourns Greater Kailash Hospitals Resolution Plan Hearing
NCLT Indore Bench adjourns hearing for Greater Kailash Hospitals' resolution plan application.
Adjournment requested pending decision in linked matter IA/531(MP)2025 where order was reserved.
Matter r
NCLT Adjourns Reliance Capital Insolvency Hearing
NCLT Bengaluru adjourns Reliance Capital AIF insolvency hearing to 17 August 2026 for arguments.
Tribunal grants three weeks for Tumkur Grain Merchants Bank to file reply in pending applications.
Reso
NCLT Adjourns Gokul Hospital Insolvency Payment Matter
NCLT Bengaluru adjourns insolvency proceedings for Gokul Super Speciality Hospital to confirm Rs 5 crore payment.
Successful Resolution Applicant deposits Rs 5 lakh cost, seeks time to deposit remaini
NCLT Bengaluru Adjourns Canara Bank Insolvency Petition
NCLT Bengaluru Bench adjourns Canara Bank's insolvency petition against Mr. Devendra N due to non-receipt of the Resolution Professional's report.
The Resolution Professional is directed to circulate
NCLT Adjourns Swan Analytische vs Flowline Insolvency
NCLT Bengaluru adjourns hearing for Swan Analytische's insolvency petition against Flowline Instrumentation to July 29, 2026.
Tribunal directs applicant to file rejoinder to respondent's objections wi
NCLT Adjourns Shree Basaveshwara Sugars Insolvency Hearing
NCLT Bengaluru adjourns Sec 7 insolvency petition hearing against Shree Basaveshwara Sugars Ltd to 17 August 2026.
Adjournment granted due to an ongoing stay order from the Karnataka High Court.
The p
Raman Ispat Liquidation Hearing Adjourned to July 13
NCLT Allahabad Bench adjourns hearing for Raman Ispat Pvt Ltd liquidation to July 13, 2026.
The order addresses multiple interlocutory applications in the ongoing corporate insolvency process.
Counsel
GNIDA Appeals Today Homes Insolvency Order
Greater Noida Industrial Development Authority files appeal against Today Homes & Infrastructure resolution professional.
NCLAT Principal Bench issues notice and schedules next hearing for July 16, 20
NCLAT Adjourns TWC Aviation vs Jet Airways Appeal
NCLAT adjourns TWC Aviation Capital's appeal against Jet Airways liquidator to July 31, 2026.
The appeal concerns insolvency proceedings of Jet Airways (India) Ltd under liquidation.
Multiple interim
Supreme Housing Director Appeals NCLAT Insolvency Order
Bhawanishankar Sharma appeals against Canara Bank's insolvency proceedings for Supreme Housing and Hospitality Pvt Ltd.
NCLAT lists the case for hearing on 06th July 2026 and permits appellant to file
NCLAT Adjourns BPCL vs Albanna Engineering Liquidator Appeal
NCLAT Chennai adjourns Bharat Petroleum Corporation Ltd's appeal against Albanna Engineering Pvt Ltd's liquidator to 17 August 2026.
The appeal involves insolvency proceedings concerning BPCL's Kochi
NCLAT Adjourns Edelweiss ARC vs Fab Metals Insolvency Appeals
NCLAT hears appeals by Edelweiss ARC and Lodha Developers against an NCLT Mumbai order concerning Fab Metals' insolvency.
Lodha Developers claims ownership of Katai and Gharivali assets, arguing they
SLO Industries Promoter Appeals Against Liquidator
Anil Kumar Ojha, suspended promoter of SLO Industries, files appeal against company liquidator at NCLAT Chennai.
The appeal challenges actions or decisions of the appointed liquidator, Ms. Revathi S R
Shankar Suresh, Pradeep Kumar Sekar vs Orix Leasing Admission Postponed
NCLAT Chennai postpones admission hearing for two insolvency appeals against Orix Leasing to July 24, 2026.
Appeals filed by Shankar Suresh and Pradeep Kumar Sekar challenge proceedings involving Orix
NCLAT Adjourns Mehul Sedani Insolvency Appeals to August
NCLAT adjourned two appeals filed by Mehul Sedani, the Successful Resolution Applicant for Manav Greys Exim and Libra Fabric Designs, to August 6, 2026.
The adjournment was granted on a prayer from th
NCLAT Overturns NCLT Rejection of Micro Capitals Resolution Plan
NCLAT allows appeals, sets aside NCLT Mumbai order rejecting resolution plan for KSS Limited submitted by Micro Capitals Private Limited.
NCLAT approves resolution plan providing Rs 3.01 crore against
Dharti Proteins ISIN Change Post CIRP Resolution
Dharti Proteins intimates BSE of an ISIN change due to a corporate action under its approved CIRP resolution plan.
The resolution plan involved cancellation of erstwhile promoter holdings and a propor
Siti Networks Discloses ₹1,206 Crore Loan Default
Siti Networks discloses ₹1,206.03 crore total loan default as of June 30, 2026, in compliance with SEBI circular on default reporting.
Corporate Insolvency Resolution Process initiated by NCLT on Febr
NCLT Adjourns Super Shine Agrofoods Liquidation Hearing
NCLT Jaipur Bench adjourns hearing to July 3, 2026, due to counsel unavailability in Super Shine Agrofoods liquidation matter.
Corporate Insolvency Resolution Process was initiated against Super Shine
NCLT Adjourns Pitambar Solvex Insolvency Hearing
NCLT Jaipur Bench adjourns hearing in Pitambar Solvex insolvency case to July 7, 2026.
Adjournment granted due to pending application before NCLT President regarding clarification of differing orders.
NCLT Adjourns Bhoomika Media Insolvency Hearings
NCLT Jaipur Bench adjourned multiple interlocutory applications in the Bhoomika Media insolvency case to July 15, 2026.
The Resolution Professional's fee payment application was disposed of as the fee
NCLT Adjourns Prayag Polytech Insolvency Hearing
NCLT Jaipur Bench adjourned the Prayag Polytech insolvency hearing to July 20, 2026.
Suspended directors agreed to meet the Resolution Professional with their auditor on July 16.
The RP reported infor
NCLT Disposes EPFO Claim Against Vadera Tradelink
NCLT Jaipur Bench disposes EPFO's application against liquidator as premature, pending claim verification.
Tribunal directs service of notice and reply filing in continuance application, lists matter
NCLT Dismisses India SME ARC Early Hearing Plea
NCLT Jaipur Bench dismisses an application for early hearing filed by India SME Asset Reconstruction Company Ltd.
The application was part of an insolvency proceeding under Section 95 of the IBC, 2016
NCLT Admits Insolvency Petition Against VMN Stones
NCLT Jaipur Bench admits Section 7 IBC petition filed by Om Prakash Somani & Ors against VMN Stones Pvt Ltd for default on Rs 5.78 crore debt.
Tribunal rejects Corporate Debtor's claim that a sharehol
NCLT Guwahati Issues Notice in Bee Mili Insolvency Petition
NCLT Guwahati Bench hears Section 7 IBC petition filed by Anhita Financial against Bee Mili Enterprise and its guarantor.
Tribunal directs issuance of notice to absent respondents via speed post and e
Indian Bank Pays Resolution Professional Rs 1.75 Lakh
NCLT Guwahati Bench hearing on Indian Bank's insolvency application against Guwahati Construction Pvt. Ltd.
Bank's counsel confirmed payment of Rs 1.75 lakh to the appointed Resolution Professional.
R
NCLT Adjourns Virgo Cements Insolvency Hearing
The NCLT Guwahati Bench adjourned the insolvency proceedings to July 10, 2026, for ongoing negotiations between parties.
Negotiations involve Prag India, the Successful Resolution Applicant, and inter
NCLT Adjourns Multiple Applications in RSK Housing Insolvency
NCLT Chennai adjourns multiple interlocutory applications in the RSK Housing vs Vaasan Medical insolvency case to July 21, 2026.
Tribunal dismisses one application as premature and allows withdrawal o
NCLT Dismisses Go Organoponics Insolvency Petition
NCLT Guwahati Bench dismisses insolvency petition against Go Organoponics Agritech after parties reach amicable settlement.
Petitioner Sanjay Kavatkar sought withdrawal under Section 95 of IBC, 2016 a
Feather and Flute Fintrade Personal Guarantor Repayment Plan
NCLT Guwahati Bench hears UCO Bank's insolvency petition against personal guarantor Jitesh Jalan.
Personal Guarantor Jitesh Jalan has submitted a repayment plan to the Resolution Professional.
Resolut
NCLT Chennai Adjourns SLO Industries Liquidation Hearings
NCLT Chennai adjourned 25+ interlocutory applications in SLO Industries Ltd liquidation to August 21, 2026 for further hearings and compliance.
Tribunal directed liquidator to file action report on DR
Hackbridge Hewitic CIRP Timeline Extension Sought
NCLT Chennai hears application to extend Corporate Insolvency Resolution Process timeline for Hackbridge Hewitic and Easun Ltd.
Resolution Professional states one resolution plan was received but late
NCLT Chennai Adjourns Ra-ni Precast Insolvency Applications
NCLT Chennai adjourned two interlocutory applications in Ra-ni Precast Pvt Ltd's liquidation proceeding to July 31, 2026.
The tribunal noted various filings including objections from respondent R1 and
NCLT Adjourns R R Info Park CIRP Timeline Exclusion Hearing
NCLT Chennai adjourns hearing to 02.07.2026 on RP's application seeking CIRP timeline exclusion from 10.07.2025 to 30.05.2026.
CoC approved a resolution plan for R R Info Park with over 66% voting on
NCLT Chennai Adjourns Oren Hydrocarbons Liquidation Hearings
NCLT Chennai adjourned hearing for arguments in IDBI Bank's application to 01 September 2026.
Tribunal scheduled separate hearing for liquidator's closure application on 06 July 2026.
Proceedings invo
NCLT Extends Sheba Marine Liquidation Timeline 60 Days
NCLT Chennai extends Sheba Marine's liquidation timeline by 60 days to July 30, 2026.
Extension granted due to successful bidder's failure to remit the bid amount.
Liquidator reported difficulties in
NCLT Adjourns Piramal Capital vs Dafodil Shelters Hearing
NCLT Chennai adjourns hearing for liquidation application CP(IB)/108(CHE)/2022 to July 9, 2026.
Liquidator's counsel present but arguing counsel for erstwhile promoter Dafodil Shelters was unavailable
NCLT Disposes Sabari Realtors Resolution Plan Applications
NCLT Chennai disposes two applications concerning Sabari Realtors' corporate insolvency resolution plan implementation.
Tribunal condones 5-day delay in filing a progress report on the resolution plan
NCLT Approves Amar Prakaash Developers Resolution Plan
NCLT Chennai approves resolution plan by Aadarsh Surana for Amar Prakaash Developers with specific directions on implementation.
Tribunal dismisses multiple intervention applications while directing t
NCLT Adjourns Piramal Capital vs Fauna Realtors Hearing
NCLT Chennai adjourns hearing for Piramal Capital's insolvency petition against Fauna Realtors to July 9, 2026.
The adjournment was requested as the arguing counsel for the erstwhile promoter was unav
Freight-Ex Logistics Insolvency Petition Hearing Update
NCLT Chennai hears Freight-Ex Logistics' Section 10 insolvency petition admission.
Bank of Maharashtra requests petition copy for formal response.
Tribunal directs petitioner to serve all creditors by
NCLT Chennai Approves Amar Prakaash Developers Resolution Plan
NCLT Chennai approves resolution plan by Aadarsh Surana for Amar Prakaash Developers with specific directions.
Tribunal dismisses multiple applications including fraudulent trading claim against promo
NCLT Adjourns Piramal Capital vs Navigator Developers Hearing
NCLT Chennai adjourned hearing for Piramal Capital's insolvency petition against Navigator Developers to July 9, 2026.
Liquidator's counsel was present while erstwhile promoter's arguing counsel was u
Piramal Capital vs Shaft Developers NCLT Adjournment
NCLT Chennai adjourns hearing for Piramal Capital's insolvency petition against Shaft Developers to July 9, 2026.
Liquidator and erstwhile promoter's counsel were present, but arguing counsel for prom
NCLT Adjourns Piramal Capital vs Porposie Realtors Hearing
NCLT Chennai adjourns hearing for Piramal Capital's insolvency petition against Porposie Realtors to July 9, 2026.
The proceeding involves multiple applications including IA(DIS)/37/CHE/2025 and IA(IB
NCLT Adjourns Piramal Capital vs Selva Developers Hearing
NCLT Chennai adjourns hearing in Piramal Capital's insolvency petition against Selva Developers to July 9, 2026.
Liquidator and erstwhile promoter's counsel were present, but arguing counsel for promo
NCLT Adjourns Piramal Capital vs Seastar Realtos Hearing
NCLT Chennai adjourned hearing in Piramal Capital's insolvency petition against Seastar Realtos to July 9, 2026.
Liquidator and erstwhile promoter's counsel were present; arguing counsel for promoter
NCLT Dismisses Wrongful Trading Case Against Amar Prakaash
NCLT Chennai dismisses Resolution Professional's application seeking Rs 71.82 crore in contributions from directors and related parties for alleged wrongful trading under Section 66 of IBC.
Tribunal a
NCLT Approves Amar Prakaash Developers Resolution Plan
NCLT Chennai approves resolution plan by Aadarsh Surana for Amar Prakaash Developers with specific directions.
Tribunal directs treatment of NHD Homes' Rs 17.13 crore claim as homebuyer in approved re
NCLT Approves Amar Prakaash Developers Resolution Plan
NCLT Chennai approves resolution plan by Aadarsh Surana for Amar Prakaash Developers with 96.71% CoC voting share and ₹259.86 crore plan value.
Plan provides ₹250 crore for secured creditors, ₹9 crore
Unity SFB Seeks NCLT Order Modification for Vehicle OTS
Unity Small Finance Bank files application to modify NCLT's April 2026 order regarding a vehicle One Time Settlement.
Seeks direction for Resolution Professional to present its OTS proposal to Committ
NCLT Admits Canara Bank Personal Guarantor Progress Report
NCLT Chennai disposes of an application filed to record a progress report in a personal guarantor insolvency case.
The resolution professional's report covers the period from 23 April 2026 to 22 May 2
NCLT Extends R K K R Steels CIRP to August 2026
NCLT Chennai extends Corporate Insolvency Resolution Process for R K K R Steels Pvt Ltd by 90 days to 16 August 2026.
Committee of Creditors unanimously approved extension request with 100% voting sha
NCLT Disposes Amar Prakaash Developers Homebuyer Claims
NCLT Chennai disposes two interim applications related to Amar Prakaash Developers' corporate insolvency resolution process.
Resolution plan approved by CoC with 96.71% voting share in meeting held on
NCLT Chennai Dismisses SBI Recall Applications in Amar Prakaash Insolvency
NCLT Chennai dismisses State Bank of India's applications seeking recall of its earlier order and condonation of 307-day delay in filing.
Tribunal approves resolution plan by Aadarsh Surana for Amar P
NCLT Adjourns Amitech Textiles Liquidation Hearing
NCLT Allahabad Bench adjourns hearing in Amitech Textiles liquidation matter to August 10, 2026.
Counsel for erstwhile director seeks time to file Vakalatnama and reply in MA No.02/2024.
Liquidator Sh
NCLT Approves Amar Prakaash Developers Resolution Plan
NCLT Chennai approves resolution plan by Aadarsh Surana for Amar Prakaash Developers with specific directions.
Tribunal allows Dugar Finance's claim as secured financial creditor to be included in res
NCLT Adjourns Punjab National Bank vs Aman Medical Hearing
NCLT Allahabad Bench adjourns Punjab National Bank's insolvency case against Aman Medical Pvt Ltd to August 12, 2026.
Liquidator was absent from the hearing, while respondents' counsel appeared and co
Shantanu Investments NCLAT Stay on Insolvency
NCLAT permits appellant to deposit Rs 3.33 crore to halt corporate insolvency resolution process against Shantanu Investments Pvt Ltd.
Appellant, a listed running concern, given three weeks each to de
NCLAT Stays CMT Mechanised Insolvency Admission
NCLAT grants interim stay on CIRP admission order against CMT Mechanised System, subject to a deposit of Rs. 2.62 crore.
Appellant director has paid Rs. 65 lakh to the operational creditor and must de
NCLAT Issues Notice on Grey's Exim Insolvency Appeals
NCLAT issues notice on applications to condone delay in filing appeals related to Grey's Exim's insolvency resolution process.
The appeals are filed by Mehul Sedani, the successful resolution applican
NCLAT Adjourns Multiple Insolvency Appeals to July 3
NCLAT adjourns six insolvency appeals involving Infosoft Global, RDG Enterprises, and Nakul Himatsingka to July 3, 2026 for further hearing.
In appeals 1101 & 1102, the appellant Nakul Himatsingka pro
NCLAT Lists Canara Bank Insolvency Appeal
NCLAT Chennai schedules Canara Bank's appeal against a liquidator for admission hearing on July 27, 2026.
The appeal challenges an order related to the liquidation of Lakeview Ayurvedic Resorts and Re
NCLAT Schedules Jindal Steel vs Lanco Liquidator Hearing
NCLAT Chennai lists Jindal Steel's appeal against Lanco Babandh Power liquidator for hearing on September 3, 2026.
The appeal challenges actions or decisions of the liquidator in the corporate insolve
Supreme Housing Director Appeals NCLAT Insolvency Order
NCLAT lists appeal by Supreme Housing director against insolvency order for hearing on July 6, 2026.
Appellant Bhawanishankar Sharma permitted to file an affidavit within one week of the order.
Case i
NCLAT Overturns NCLT Order on S Kumars Land Auction
NCLAT sets aside NCLT Mumbai's order cancelling e-auction of 12,981.64 sq m land parcel from S Kumars Nationwide liquidation.
Tribunal finds NCLT's calculation error led to incorrect reserve price ass
SEBI Penalizes 226 Entities for ₹143.79 Crore Market Manipulation
SEBI issued a final order against 226 entities for orchestrating a pan-India market manipulation scheme across five scrips (MUL, VFL, 7NR, GBL, DRCL) from 2017-2020.
Mastermind Hanif Shekh circulated
Gala Global Products FY26 Audit Qualified Opinion
Gala Global Products receives qualified audit opinion for FY26 due to multiple accounting irregularities and inability to quantify financial impact.
Auditors highlight material uncertainty over going
MBL Infrastructure Corporate Presentation FY2026
MBL Infrastructure Ltd. issued a corporate presentation detailing its business segments, project portfolio, and financial performance for FY2024-26.
The company's operations normalized in September 20
NCLT Chandigarh Defers Upscalio India Insolvency Applications
NCLT Chandigarh Bench disposes two applications to record fortnightly progress reports in the Upscalio India insolvency case.
The tribunal defers hearing on multiple other pending applications to the
NCLT Grants Ethnic Spices PUFE Audit Extension
NCLT Amaravati Bench grants a four-week extension to the liquidator of Ethnic Spices Pvt. Ltd. for filing a PUFE application.
A transaction auditor was appointed on 12.06.2026 to identify preferential
NCLT Directs Nithin Proteins CoC Re-examination
NCLT Amaravati Bench orders Committee of Creditors to re-examine liquidation process compliance and pending applications.
Liquidator's memo found non-compliant with previous court order dated 15.04.20
Bhagawati Cold Storage Insolvency Adjourned to July 2026
NCLT Allahabad Bench adjourns Bhagawati Cold Storage insolvency petition from 2022 for final hearing on July 28, 2026.
Operational creditor's counsel requested adjournment during hearing attended by b
NCLT Dismisses MSME Promoter's EMD Waiver Application
NCLT Amaravati dismisses promoter's application seeking EMD waiver for MSME resolution plan participation.
Committee of Creditors unanimously approved liquidation with 100% voting share in 7th meeting
NCLT Adjourns JVL Agro Liquidation Applications to August 2026
NCLT Allahabad Bench adjourns four interlocutory applications in JVL Agro Industries Ltd liquidation to August 10, 2026.
Tribunal grants last opportunity to Union Bank of India for compliance with pre
NCLT Adjourns MKM Technologies Liquidation Proceedings
NCLT Allahabad Bench adjourns multiple applications in MKM Technologies Pvt Ltd liquidation case to August 4, 2026.
Counsel changes noted with new representation for Liquidator and medical adjournment
Nagarjuna Fertilizers FY26 Results on Non-Going Concern Basis
Board approved audited standalone and consolidated financial results for year ended March 31, 2026, prepared on a non-going concern basis.
Company reported standalone net loss of ₹1,551.45 lakhs for F
Alok Industries FY26 Net Loss Widens to ₹780 Crore
Alok Industries reported standalone net loss of ₹779.81 crore for FY26, slightly higher than ₹768.81 crore loss in previous year, with accumulated losses reaching ₹23,648.21 crore.
Revenue declined 0.
Yashraj Containeurs CIRP Audited FY26 Loss ₹66.37 Lakh
Yashraj Containeurs under CIRP reported audited standalone net loss of ₹66.37 lakh for FY26 with zero revenue from operations.
The Resolution Professional Committee approved results with a qualified a
IL&FS Engineering FY26 Results Show Negative Net Worth
IL&FS Engineering reported FY26 revenue of ₹187.92 crore, down 42% year-on-year, with a marginal net profit of ₹0.19 crore despite negative net worth of ₹3,189 crore.
The company remains under NCLAT m
Praxis FY26 Net Loss at ₹666 Crore
Praxis Home Retail reports audited FY26 net loss of ₹666.15 crore with negative net worth of ₹771.52 crore, raising going concern uncertainty.
Auditor highlights material uncertainty due to cash loss
VAS Infrastructure Ltd FY26 Audited Results Under CIRP
VAS Infrastructure Ltd's Resolution Professional Committee approved audited FY26 results showing a net profit of ₹32.51 lakh despite negative equity of ₹(27,435.31) lakh.
The company remains under Cor
Alps Industries FY26 Results Post-NCLT Resolution Plan
Board approved audited FY26 results with a standalone net profit of ₹2,599.61 lakh, a significant turnaround from a FY25 loss of ₹6,399.04 lakh, driven by a ₹7,737.15 lakh exceptional gain from debt s
Shivom Investment FY24 Results with Qualified Audit Opinion
Board approved audited FY24 financial results showing ₹48.62 lakh net loss, delayed due to corporate insolvency resolution process.
Auditor issued qualified opinion citing non-provision for gratuity,
MMTC FY26 Net Profit ₹212 Crore with Anglo Provision Issue
Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026.
Auditors issued qualified opinion due to non-provision of ₹82.82 crore in Anglo Coal case liabi
Gala Global Products FY26 Net Loss ₹5.94 Crore
Gala Global Products reported audited standalone net loss of ₹5.94 crore for FY26 ended March 31, 2026, versus ₹4.49 crore loss in FY25.
The company published financial results in Financial Express ne
Kshitij Polyline FY2026 Revenue Up 46%, PAT ₹3.55 Crore
Kshitij Polyline reported FY2026 revenue growth of 46.3% to ₹44.75 crore and PAT of ₹3.55 crore versus FY2025 loss of ₹9.30 crore.
Completed full payment for Omkar Speciality Chemicals acquisition awa
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