Tag
Insolvency and Bankruptcy
72 articles
The Indian insolvency landscape remains active, with numerous hearings and appeals scheduled across various cases. Proceedings involving Kazstroy Service, KSS Petron, Mohan Steels, Bhushan Dealmark, and MKM Technologies are all progressing through the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT). Several appeals filed by IDBI Bank and IDBI Trusteeship, alongside cases involving Par Formulations and Roopya Tradebizz, highlight ongoing disputes within the corporate insolvency resolution process. These developments underscore the continued scrutiny and legal challenges inherent in resolving distressed assets under the Insolvency and Bankruptcy Code, potentially impacting the timelines and outcomes of these restructuring efforts for investors and creditors.
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
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 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
NCLT Allahabad Adjourns Bhushan Dealmark Insolvency Case
NCLT Allahabad Bench adjourns Bhushan Dealmark's Section 9 insolvency petition against Upadhyay Contractors.
Matter listed for next hearing on 1st July 2026 to be taken up higher on board.
Both Operat
NCLAT Lists SBI Insolvency Appeals for Hearing
NCLAT lists three interconnected insolvency appeals for hearing on May 20, 2026.
Appeals involve State Bank of India as both appellant and respondent against other parties.
The order is procedural, sc
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
IDBI Bank vs Raj Kumari Garg NCLT Adjournment
NCLT New Delhi adjourns IDBI Bank's Section 95 insolvency application against Raj Kumari Garg.
Case IB-785(PB)/2024 renotified to 08.07.2026 due to power failure on 18.05.2026.
Hybrid hearing presided
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
IDBI Trusteeship vs Vivek Aggarwal NCLT Hearing Postponed
NCLT New Delhi postpones Section 95 IBC hearing between IDBI Trusteeship and Vivek Aggarwal due to power failure.
Case IB-301(ND)/2025 rescheduled from 18 May 2026 to 05 August 2026 for next hearing.
IDBI Bank vs Sudhir Modak Insolvency Adjournment
NCLT adjourns IDBI Bank's insolvency application against Sudhir Modak due to power failure.
Case IB-789(PB)/2024 renotified for hearing on 08 July 2026.
Order passed under Section 95(1) of IBC 2016 by
NCLAT Allows Nehru Place Hotels Contempt Petition Amendment
NCLAT allows Nehru Place Hotels to amend its contempt application against Sanjeev Mahajan & Ors.
The amended contempt petition must be filed within one week of the order.
The case is listed for its ne
Par Formulations Appeals NCLAT Against Premises Termination
Par Formulations files urgent NCLAT appeal against Print House termination notice for licensed premises.
Appellant claims approved Resolution Plan did not provide them an opportunity for a hearing.
Re
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 Condones Ameet Enterprises 7-Day Refiling Delay
NCLAT condones a 7-day delay by Ameet Enterprises in refiling an appeal memo against Electrotherm (India) Ltd.
The appeal was initially e-filed on 22 April 2026 and defects were intimated on 30 April
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
Quadrant Televentures CIRP FY2026 Results Date Set
Quadrant Televentures intimates BSE of audited FY2026 results declaration on May 30, 2026 under SEBI Regulation 29.
Company remains under Corporate Insolvency Resolution Process per NCLT order dated S
Capri Global Insolvency Appeal Listed for July Hearing
NCLAT lists Capri Global Capital Ltd's insolvency appeal for hearing on July 23, 2026.
Appeal challenges order involving liquidator of Advance Home & Personal Care Ltd.
Case involves corporate insolve
Vikky Dang Homebuyers NCLAT Hearing Adjourned
NCLAT grants one week for appellant to file rejoinder in homebuyers' insolvency appeal.
Case involves homebuyers represented by Vikky Dang versus Shailendra Singh & others.
Tribunal lists matter for n
Suman Devi NCLAT Appeal Against Dream Procon RP
NCLAT lists Suman Devi's appeal against Dream Procon Pvt Ltd's Resolution Professional for hearing on July 29, 2026.
The appeal challenges actions or decisions of the Resolution Professional in the co
ITI Finance Appeals Echo Motors IRP Order
NCLAT issues notice in ITI Finance Ltd.'s appeal against Echo Motors' Interim Resolution Professional.
Tribunal directs Resolution Professional to file a reply within two weeks.
Next hearing scheduled
ITI Finance Appeals Echo Motors IRP Order
ITI Finance Ltd. files an appeal against an order concerning the insolvency resolution of Echo Motors and Automobiles Pvt. Ltd.
The appeal is listed before the National Company Law Appellate Tribunal
NCLT Recalls Rhythm Infra CIRP Over Threshold Violation
NCLT recalls its own admission order for Rhythm Infra Properties' CIRP after discovering the financial creditor's claim was only ₹84.47 lakhs, below the ₹1 crore statutory threshold.
The tribunal impo
NCLT Dismisses Fairdeal Suppliers Director's CIRP Challenge
NCLT Kolkata dismissed an application by Fairdeal Suppliers' director challenging the inclusion of a 246-acre Coimbatore property in the CIRP assets.
The tribunal ruled the property rightfully belongs
NCLT Adjourns Modern Syntex Insolvency Hearing
NCLT Jaipur Bench adjourns Section 7 IBC hearing for Modern Syntex (India) Limited to July 15, 2026.
The petitioner is The Administrator of Specified Undertaking of Unit Trust of India & Anr.
The orde
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
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
Vikas WSP Board Meeting for FY26 Results
Vikas WSP Limited, under corporate insolvency resolution, intimates a suspended board meeting on May 28, 2026.
The meeting agenda includes approval of audited financial results for Q4 and FY ending Ma
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
Eureka Industries EGM Approves Pre-Pack Insolvency Plan
EGM held on May 18, 2026 approved four resolutions including a pre-packaged insolvency resolution plan with 100% shareholder votes in favor.
Shareholders regularized Chaitanya Jayantilal Pandya as Exe
NCLAT Grants Time in Mahavir Roads Insolvency Appeal
NCLAT grants two weeks to Resolution Professional Kairav Trivedi to file an additional affidavit in an insolvency appeal.
The appeal involves Jitendra Kikavat as a personal guarantor for corporate deb
Spaze Towers Insolvency Appeal Filing Delay Hearing
NCLAT hears appeal by Rajeev Chandwani against Spaze Towers Pvt Ltd resolution professional.
Respondents cite delay in appeal filing and seek time to file reply on condonation.
Tribunal grants one wee
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
NCLT Rejects Morani Motors Promoter's Late EOI Submission
NCLT Jaipur Bench dismisses an application by Morani Motors' promoter to submit an Expression of Interest after the CIRP deadline.
The applicant, a 51% shareholder, claimed eligibility under MSME exem
NCLT Rejects Bank of Baroda's Personal Guarantor Insolvency Plea
NCLT Jaipur Bench rejects Bank of Baroda's Section 95 application against personal guarantor Amit Prakash Gupta for ₹192.92 crore debt.
Tribunal finds Financial Creditor failed to establish valid invo
Fairfild Resistors NCLT Hearing Adjourned to August 2026
NCLT Chandigarh adjourns hearing for Fairfild Resistors Pvt. Ltd.'s voluntary insolvency application under Section 59 of IBC.
The matter CP(IB) No. 18/Chd/HP/2026 was not taken up due to paucity of ti
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
Golf Technologies Director NCLAT Appeal Adjourned
NCLAT adjourns Ram Narayan Singh's appeal against Golf Technologies IRP to May 20, 2026.
Suspended director challenges Interim Resolution Professional Amit Jain's actions in insolvency case.
Tribunal
NCLAT Adjourns Eskay K 'N' IT Insolvency Appeal
NCLAT adjourns hearing for Company Appeal (AT) (Insolvency) No. 555 of 2026 to 20th May 2026.
Appeal involves Ajit Kumar, Resolution Professional of Eskay K 'N' IT (India) Ltd., versus Express Suiting
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
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
Niriha Consultancy Insolvency Petition Adjournment Order
NCLT Ahmedabad adjourns Section 95 IBC petition filed by Niriha Consultancy against a personal guarantor.
Tribunal directs applicant's counsel to file brief written submissions on petition maintainabi
SIDBI vs Rakshit Patel NCLT Section 106 Report Delay
NCLT Ahmedabad condones 104-day delay in filing Section 106 report for Rakshit Patel's insolvency resolution.
Resolution Professional directed to revise non-conforming report within seven days for com
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
Camerich Papers Liquidation Closure Application Filed
Liquidator applies to NCLT Ahmedabad for closure of Camerich Papers Pvt Ltd's liquidation process.
Application follows successful sale of corporate debtor as a going concern under liquidation regulati
NCLT Dismisses Falcon Industries' CIRP Cost Application
NCLT Ahmedabad dismisses Falcon Industries' application to recover CIRP costs from Geeta Prints Limited.
The application was dismissed as defective for failing to include the necessary respondent part
NARCL Files 9th Status Report in Wind World Guarantor Case
NCLT Ahmedabad disposes application to record 9th status report for Personal Insolvency Resolution Process.
Application filed by Resolution Professional under Rule 11 of NCLT Rules 2016.
Status report
Bank of Baroda vs Dharmendra Patel NCLT Asset Tracking Order
NCLT Ahmedabad orders asset tracking for personal guarantor Dharmendra Patel in Bank of Baroda insolvency case.
Tribunal directs Bankruptcy Trustee to obtain and compare IT returns from FY2020-21 to F
NCLT Orders Ramjibhai Patel Asset Tracking
NCLT Ahmedabad hears Bank of Baroda's application under IBC for personal guarantor Ramjibhai Patel.
Tribunal directs Bankruptcy Trustee to obtain Patel's Income Tax Returns from FY2020-21 to FY2024-25
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
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 Acrow Construction vs KG Corporation
NCLT Ahmedabad reserved its order in an insolvency petition filed by Acrow Construction against KG Corporation Ltd.
Both parties were directed to file concise written submissions online by the evening
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
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
Supreme Housing Director NCLAT Appeal Listing Order
NCLAT lists appeal by suspended Supreme Housing director Bhawanishankar Sharma for hearing on 21.05.2026.
Appellant's counsel granted permission to cure procedural defects in the appeal before the nex
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
NCLT Dismisses SP Coal's Insolvency Petition Against SPY Agro
NCLT Hyderabad dismissed SP Coal Resources' insolvency petition against SPY Agro Industries over a disputed operational debt of ₹6.53 crore.
The tribunal found pre-existing disputes over debt genuinen
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
State Bank of India Repayment Plan Approved by NCLT
NCLT Hyderabad approves Resolution Professional's application to record a repayment plan for M/s. Maruthi Tubes Private Limited.
The application was filed under Section 95 of the Insolvency and Bankru
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
UCO Bank vs Ramrao Paturu NCLT Hearing Adjourned
UCO Bank filed an insolvency petition under IBC Section 95 against ICOMM Tele Ltd and Mr. Ramrao Paturu.
The National Company Law Tribunal Hyderabad Bench heard the case on 14 May 2026 and granted adj
NCLT Dismisses GSB & Co's Insolvency Petition Against SPY Agro
NCLT Hyderabad dismissed an insolvency petition filed by GSB & Co LLP against SPY Agro Industries Ltd over a disputed operational debt of ₹31.29 crore.
The tribunal found substantial pre-existing disp
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
Impact Metals Ltd NCLT Hearing Adjourned
NCLT Hyderabad Bench adjourned multiple IAs and reserved orders in a contempt petition against Impact Metals Ltd.
Hearing for IA (IBC)/421/2026 and IA (IBC)/1474/2024 postponed to 06.08.2026 for furth
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
Hyderabad Securities NCLT Hearing Adjourned to August 2026
NCLT Hyderabad adjourns hearing for CP (IB) 100/60 (5)/HDB/2025 and IA (IBC) 1273/2025 to 13 August 2026.
Tribunal directs RoC Telangana to file report within two weeks on Hyderabad Securities & Enter
Sharon Bio-Medicine Insolvency Appeal Adjournment Hearing
NCLAT hears an insolvency appeal filed by Savita Satish Gowda against Sharon Bio-Medicine Ltd.'s resolution professional.
Respondent's counsel cites a Supreme Court judgment to argue for dismissal due
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
NCLT Adjourns Central Bank Insolvency Petition
NCLT Allahabad Bench adjourns Central Bank of India's Section 7 IBC petition against Hind Industries.
Hearing was postponed due to paucity of time and rescheduled for 9th June 2026.
Case involves inso
NCLT Adjourns Uniexcel Ltd Insolvency Hearing
NCLT New Delhi Bench adjourns hearing for Uniexcel Ltd's Section 7 IBC petition against Uniexcel Developers Pvt Ltd.
The matter involves multiple interlocutory applications (IA-5163/2025, IA-74/2026,