Tag
Insolvency and Bankruptcy
34 articles
The Insolvency and Bankruptcy Code (IBC) continues to see significant activity at the National Company Law Appellate Tribunal (NCLAT), with numerous appeals and hearings adjourned across various cases. These include matters involving SNJ Distillers, Orient Spa, Canara Bank, GD Waldner vs Dishman Carbogen, Shakti Procon, Multiple Hotels, and several others, reflecting ongoing disputes over resolution plans, personal guarantors, and procedural aspects of the insolvency process. While these proceedings are largely procedural, the volume of cases highlights the complexities and challenges inherent in resolving insolvency matters, potentially impacting timelines and outcomes for creditors and debtors alike. The NCLAT's ongoing scrutiny of these appeals underscores the evolving interpretation and application of the IBC, with implications for the efficiency and fairness of the insolvency resolution framework.
NCLAT Adjourns SNJ Distillers Insolvency Appeals Hearing
NCLAT Chennai adjourns multiple interconnected insolvency appeals involving SNJ Distillers, Apollo Distilleries, and S. Rajendran to August 2026.
All existing interim orders granted by the Tribunal ar
NCLAT Dismisses Interim Relief in IBC Section 29A Appeal
NCLAT hears appeal challenging CoC-approved resolution plan over Section 29A eligibility concerns for consortium member Guru Trade Advisory.
Appellant argues Guru Trade Advisory's eligibility certific
Orient Spa NCLAT Appeal Hearing Scheduled
NCLAT schedules a hearing for an appeal filed by Orient Spa Ltd's stakeholders committee.
The appeal is against the company's liquidator, Vikash G Jain, concerning insolvency proceedings.
The next hea
Canara Bank Appeals Against Personal Guarantors
Canara Bank files three appeals at NCLAT against personal guarantors of Integrated Caps Pvt. Ltd.
Appeals target Surya Kant Kaipuria, Biren Sabhrawal, and Bubbles Sabhrawal as personal guarantors.
NCL
NCLAT Lists GD Waldner vs Dishman Carbogen Appeal
NCLAT Principal Bench lists insolvency appeal between GD Waldner India and Dishman Carbogen Amcis for hearing on October 5, 2026.
The appeal, registered as Company Appeal (AT) (Insolvency) No. 1044 of
NCLAT Adjourns Shambhu Technology vs OFB Tech Appeal
NCLAT Principal Bench adjourns Shambhu Technology's insolvency appeal against OFB Tech Ltd for clarification.
The appeal, Company Appeal (AT) (Insolvency) No. 1233 of 2026, is listed next for hearing
NCLAT Adjourns Shakti Procon vs K-Lifestyle Insolvency Appeal
NCLAT adjourns Shakti Procon's insolvency appeal against K-Lifestyle's resolution professional to September 8, 2026.
The tribunal directs the respondent to file a reply to the delay application within
NCLAT Adjourns Multiple Hotels Insolvency Appeals
NCLAT Principal Bench adjourns four interconnected insolvency appeals concerning Multiple Hotels Pvt. Ltd. to September 29, 2026.
Appellants include Jaimatarani Homes, Partha Paul, and KCGP Developers
NCLAT Adjourns DLIPL Director Appeal to August 19
NCLAT adjourned an appeal filed by Sudarshan Aithal, suspended director of Distribution Logistics Infrastructure Pvt Ltd, to August 19, 2026.
The appeal is against respondents including Bank of India
NCLAT Adjourns K.K. Welding Guarantor Appeal
NCLAT Principal Bench adjourns an insolvency appeal filed by a personal guarantor to K.K. Welding Ltd.
The appeal is listed for the next hearing on 05.10.2026 against Asset Reconstruction Company (Ind
Sushma Soni NCLAT Adjournment Request in Advantagesai Case
NCLAT permits appellant Sushma Jayant Soni to file an affidavit detailing subsequent facts in an insolvency appeal against Advantagesai Projects.
The appeal is part of ongoing litigation between the p
NCLAT Issues Notice in Dhanestha Steels Appeal
NCLAT Principal Bench issues notice to respondent in Dhanestha Steels' appeal against Sunil Hitech Engineers liquidator.
Appeal listed for admission hearing on September 16, 2026 after procedural comp
NCLAT Defers Jeppiaar Cements Judgment for Clarifications
NCLAT Chennai defers its judgment in the Jeppiaar Cements insolvency appeal to seek clarifications on specific facts.
The Tribunal requests the liquidator to file IA 800/2022 online and seeks clarity
Byju Raveendran NCLAT Appeal Dismissed on Lender Validity
NCLAT Chennai Bench dismisses Byju Raveendran's appeal challenging procedural order regarding GLAS Trust's creditor claims.
Appellant contested GLAS Trust's authority to represent 124 back-end credito
Bliss Abode NCLAT Appeal on Office Possession Dispute
Bindu Kapoor appeals NCLT order mandating handover of Bliss Abode's registered office to Resolution Professional.
Enforcement Directorate claims constructive possession, alleges violation of FEMA trib
Winsome Yarns NCLT Resolution Plan Delays Q1 Results
Winsome Yarns discloses delay in Q1 FY2027 results due to NCLT-approved resolution plan under IBC.
Company cites Regulation 33(3) proviso allowing 90-day filing extension post-resolution plan approval
Rajesh Bansal NCLAT CIRP Stay Plea Hearing
Appellants seek NCLAT order to restrain Resolution Professional from issuing Form G and proceeding with CIRP.
Delhi High Court had earlier directed appellant to pay ₹3.80 Crores to Axis Bank in 3 inst
Pramod Goel Appeals NCLAT Against Surya Foundry Insolvency
Pramod Kumar Goel appeals NCLAT order initiating insolvency against him as a corporate guarantor for Surya Foundry.
Appellant claims corporate guarantees from 2016 and its extension are fraudulent and
NCLAT Rejects Kumud Jain's Interim Stay Against Kotak
NCLAT rejects interim stay application by Kumud Jain against Kotak Mahindra Bank's CIRP initiation order.
Appellant argued CIRP was based on time-barred debt and improper pleading of OTS agreement in
NCLAT Dismisses Micro Turner's Resolution Plan Appeal
NCLAT upholds NCLT order dismissing Micro Turner's appeal against CoC rejection of its Rs 170 crore resolution plan for Laxmi Precision Screws.
Appellant refused to revise plan to include full statuto
NCLAT Adjourns Pashupati-Gouri Iron Appeals
NCLAT adjourns two connected appeals filed by Pashupati Corporation and Gouri Iron & Steel to September 11, 2026.
The appeals are against respondent Rakesh Dugar and involve matters related to the cor
TV Vision Delays Q1 Results Due to Insolvency
TV Vision intimates delay in submitting Q1 FY27 unaudited financial results past the August 14, 2026 deadline.
The delay is due to the Corporate Insolvency Resolution Process initiated by NCLT on July
Eco Solis NCLAT Appeal Listed for August Hearing
NCLAT lists Eco Solis Pvt. Ltd.'s insolvency appeal for next hearing on 13th August 2026.
The appeal is against Rajesh Ramani, the Resolution Professional of Ansal Urban Condominium.
The order was iss
NCLAT Lists JSM Devcons Insolvency Appeal
NCLAT Principal Bench lists an insolvency appeal for a hearing on September 17, 2026.
The appeal involves Resolution Professional Mrs. Chhaya Gupta and respondent Shailendra Trivedi.
The order was pas
NCLAT Admits Shrenik Ltd Director's Appeal
NCLAT admits appeal filed by suspended director Rishit Vimawala of Shrenik Ltd against Yatayat Corporation India Pvt Ltd.
Tribunal issues notice to respondents and directs appellant to complete proced
NCLAT Reserves Interim Order in IBBI Appeal
NCLAT reserves its interim order in an appeal filed by Anshul Gupta against the Insolvency and Bankruptcy Board of India.
The interim order will remain in operation until the final order is pronounced
NCLAT Adjourns Sanghi Steel Insolvency Appeals
NCLAT adjourned multiple insolvency appeals filed by Sanghi Steel Udyog Pvt. Ltd. to September 24, 2026.
The appeals challenge resolutions involving professionals from Linkpoint Advisory and Mountview
NCLAT Adjourns Anchor Leasing Appeals to September 2026
NCLAT Principal Bench adjourns four interconnected appeals filed by Anchor Leasing Pvt. Ltd. against the Resolution Professional of Satra Properties (India) Ltd.
The appeals, Comp. App. (AT) (Ins) No.
Linkson International NCLAT Appeal Judgment Reserved
NCLAT reserves judgment in appeal filed by suspended directors of Linkson International Ltd. against the liquidator.
Parties granted five days to submit written submissions limited to 3-4 pages.
The a
NCLAT Lists Omkara ARC vs Avenue 54 Appeal
NCLAT Principal Bench lists an appeal filed by Omkara Asset Reconstruction Company Ltd for hearing on August 19, 2026.
The appeal is against respondents Avenue 54 Welfare Association & Others, with Co
ICSA India Q1 Results Show Zero Revenue Post-Liquidation
ICSA India reports zero revenue and profit for Q1 FY27 following its liquidation process completion in 2023.
Company sold assets including land for ₹900 lakhs and a car for ₹3.05 lakhs during liquidat
NCLAT Lists Albert Trading vs Gill International Appeal
NCLAT Principal Bench schedules hearing for Company Appeal (AT) (Insolvency) No. 1474 of 2022 for 22nd September 2026.
Appeal involves Albert Trading Company Pvt. Ltd. as appellant versus Gill Interna
ARSS Infrastructure Q1 FY27 Net Loss ₹10.96 Crore
ARSS Infrastructure reported a standalone net loss of ₹109.56 lakh for Q1 FY27, with auditors issuing a qualified review due to unresolved arbitration claims and interest accrual.
The board approved t
Bloom Dekor Q1 FY27 Net Loss ₹35.38 Lakh
Bloom Dekor reported a standalone net loss of ₹35.38 lakh for Q1 FY27, with revenue from operations at ₹87.92 lakh.
The company's net worth remains negative at ₹1,465.01 lakh, raising material uncerta