Tag
Insolvency and Bankruptcy
73 articles
The insolvency and bankruptcy landscape in India remains active, with numerous cases progressing through various stages of the National Company Law Tribunal (NCLT) and Appellate Tribunal (NCLAT). Recent proceedings involve a wide range of companies, including Jaiprakash Associates, Renaissance Indus Infra, GK Steel, Fab Metals, Supreme Housing, and Maharashtra Seamless, with hearings frequently adjourned to July and August 2026. These ongoing appeals and adjudications highlight the complexities and protracted timelines inherent in the insolvency resolution process, potentially impacting creditors' recovery and the overall efficiency of distressed asset resolution. Investors should monitor these developments closely, as outcomes could significantly affect the financial health of involved companies and influence broader market sentiment regarding corporate debt and restructuring.
NCLAT Issues Notice in Jaiprakash Associates Insolvency Appeal
NCLAT issues notice on a delay condonation application filed by appellant Rachna Mehra against the resolution professional of Jaiprakash Associates Ltd.
The tribunal grants respondents two weeks to fi
NCLAT Issues Notice in Renaissance Indus Infra Appeals
NCLAT issues notice and schedules hearing for two appeals filed against the Resolution Professional of Renaissance Indus Infra Pvt. Ltd.
The Tribunal directs respondents to file reply to delay condona
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.
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
Supreme Housing NCLAT Deposit Extension Plea
Appellant seeks extension to deposit Rs 215 crore as directed by NCLAT in insolvency appeal.
Interim order vacated due to appellant's failure to deposit the required amount by deadline.
CoC meeting co
Satish Gupta vs HUDCO Insolvency Appeal Interim Order Continued
NCLAT directs parties to file written submissions and authorities list by next hearing date.
Respondent No. 1 permitted to file hardcopy reply, while RP submits status report.
Appeal listed for next h
NCLAT Lists Shreenathji Realmart Appeal for July 15
NCLAT lists insolvency appeal involving Shreenathji Realmart and Tirupati Balaji Enterprises for next hearing on July 15, 2026.
Enforcement Directorate informs tribunal it is filing an application in
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
Maharashtra Seamless NCLAT Appeal Hearing Adjourned
NCLAT Chennai adjourns hearing of Maharashtra Seamless Ltd's appeal to September 9, 2026.
Appeal challenges proceedings involving Resolution Professional of United Seamless Tubulaar Pvt Ltd.
Case invo
NCLAT Adjourns Planet Builders Insolvency Appeals
NCLAT adjourned two interconnected insolvency appeals, Comp. App. (AT) (Ins) No. 2035 of 2024 and Comp. App. (AT) (Ins) No. 197 of 2025, to July 21, 2026.
The Tribunal directed the Resolution Professi
NCLT Kolkata Issues Notice in GIS vs RajadhiRaj Insolvency Petition
NCLT Kolkata Bench directs registry to issue notice to respondent RajadhiRaj Tirupani Vinayak Natraj Private Limited.
The order requires respondent to file reply affidavit within seven days of receivi
NCLT Adjourns Tata Capital vs Arjun Agarwal Hearing
NCLT Kolkata Bench adjourns Section 95(1) insolvency proceeding against personal guarantor Arjun Agarwal.
Matter involves Tata Capital Financial Services as applicant and Canara Bank as an involved pa
Ankit Metal NCLT Hearing Adjourned to 30 June 2026
NCLT Kolkata Bench adjourns Section 7 IBC hearing for Ankit Metal & Power Limited to 30th June 2026.
Assets Care & Reconstruction Enterprise is the financial creditor initiating corporate insolvency p
Kapil Steels Liquidation Adjournment Request Hearing
NCLT Indore Bench adjourns hearing on IA/64(MP)2022 in Kapil Steels Ltd liquidation matter.
Adjournment granted due to unavailability of applicant's arguing counsel on personal grounds.
Next hearing s
NCLT Adjourns Colama vs Satiate Agri Hearing
NCLT Indore Bench grants Satiate Agri Ltd 10 days to file a reply in an insolvency petition filed by Colama Commercial Co. Ltd.
The matter, heard by a two-member bench, has been adjourned and is next
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
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 Approves Axis Bank Sole Creditor Reinstatement
NCLT Indore disposes application filed by liquidator Efficax Resolution Professionals for Sun Petpack Jabalpur.
Tribunal notes reinstatement of Axis Bank as sole Committee of Creditors member with 100
NCLT Adjourns Satiate Agri Ltd Insolvency Petition
NCLT Indore Bench grants Satiate Agri Ltd time to file an additional reply to a bulky rejoinder.
The matter involves an insolvency petition filed under Section 7 of the IBC by Colama Commercial Co Ltd
NCLT Indore Reserves Greater Kailash Hospitals Order
NCLT Indore Bench reserved its order in an insolvency proceeding application filed by Yashvardhan Bandi.
The application was heard against the Resolution Professional of Greater Kailash Hospitals Pvt.
NCLT Extends Stan Autos Liquidation by 120 Days
NCLT extends Stan Autos liquidation process by 120 days effective 30 June 2026 due to assets under receiver control.
Liquidator files 12th progress report for period ending 31 March 2026 and seeks 180
NCLAT Lists BBT Elevated Road Insolvency Appeals
NCLAT lists two interconnected insolvency appeals involving BBT Elevated Road Private Limited for hearing on July 17, 2026.
Appeals involve the Committee of Creditors (led by Canara Bank) and the comp
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 Shree Ambika Impex Insolvency Appeal
NCLAT Principal Bench adjourns insolvency appeal Comp. App. (AT) (Ins) No. 1629 of 2024 to August 3, 2026.
Appellants are suspended directors of Shree Ambika Impex Ltd. versus respondent Jainco Indust
Sawraj Kumar vs Expat Projects NCLAT Appeal Listed
NCLAT Chennai lists Sawraj Kumar's appeal against Expat Projects for admission hearing on August 24, 2026.
The appeal, registered as Company Appeal (AT)(CH)(Ins) No. 235/2021, was heard in hybrid mode
Sarda Agro Oils NCLAT Appeal Hearing Adjourned
NCLAT Chennai adjourns two interconnected appeals related to Sarda Agro Oils Limited liquidation proceedings to August 3, 2026.
Interim orders previously issued by the tribunal will remain in effect u
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 Adjourns Shreenathji Realmart vs Tirupati Balaji Appeal
NCLAT adjourned an insolvency appeal filed by Shreenathji Realmart against Tirupati Balaji Enterprises to July 15, 2026.
The Enforcement Directorate informed the tribunal it is preparing to file an ap
Vikas WSP Adjourned AGM Voting Results: 0.0113% Turnout
Vikas WSP Limited, under corporate insolvency resolution process (CIRP), held its adjourned 37th AGM on July 1, 2026.
All three ordinary resolutions were passed with 95.61% approval but only 0.0113% o
SBCC Infra NCLT Adjournment Request on Service
NCLT Jaipur Bench adjourns Section 9 IBC petition filed by M/s Parmod Sharma Contractors against SBCC Infra Pvt. Ltd.
Adjournment granted to allow petitioner to file tracking report proving service of
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 Admits Kotak Mahindra Bank Insolvency Petition
NCLT Jaipur Bench admits Kotak Mahindra Bank's Section 7 insolvency application against Morani Motors Pvt. Ltd.
Corporate Debtor Morani Motors Pvt. Ltd. failed to repay a financial debt owed to the Fi
NCLT Jaipur Adjourns Bhala Finance Insolvency Petition
NCLT Jaipur Bench issues procedural order in Bhala Finance's Section 7 IBC petition against Tushar Realhome LLP.
Tribunal directs applicant and registry to serve notice to the respondent's resolution
NCLT Adjourns Fashion Suitings Insolvency Plea
NCLT Jaipur Bench adjourns Fashion Suitings' insolvency application against Nirmal Cars to July 13, 2026.
The adjournment was requested as a related application to implead the ROC was filed but not li
NCLT Guwahati Adjourns Saurabh Poddar Guarantee Case
NCLT Guwahati Bench adjourns insolvency proceedings against personal guarantor Saurabh Poddar of Balajee Exports to July 22, 2026.
Personal guarantor Saurabh Poddar filed affidavit admitting signature
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 Guwahati Adjourns Berial Engineers Insolvency Hearing
NCLT Guwahati Bench hearing for UCO Bank's insolvency petition against Berial Engineers Pvt. Ltd. under IBC Section 95.
Respondent's counsel committed to curing procedural defects in the petition with
NCLT Orders Notice for Sundaram Mahadeo Liquidation Closure
NCLT Guwahati Bench hears an application filed by the Liquidator seeking closure of the completed liquidation process for M/s Sundaram Mahadeo Autoworld Pvt. Ltd.
The Tribunal directs the Registry and
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
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 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 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 Chennai Adjourns Bizotic vs Srestha Hearing
NCLT Chennai adjourns hearing for insolvency petition CP(IB)/88(CHE)/2025 between Bizotic Commercial Ltd and Srestha Finvest Ltd.
New application IA(IBC)/1068/CHE/2026 listed for next hearing on 11 Au
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 Udhayam Investments vs Tiffin Barytes Hearing
NCLT Chennai adjourns hearing to 04 August 2026 on Udhayam Investments' application regarding reply affidavit.
Applicant directed to serve copy of application on respondent for response before next he
Jet Inks and Barrla Fets NCLT Delay Condonation Hearing
NCLT Chennai hears application seeking 83-day delay condonation in filing counter affidavit.
Application filed by Jet Inks Pvt Ltd against Barrla Fets Pvt Ltd in insolvency petition CP(IBC)/43(CHE)/20
APL Apollo Tubes Seeks 427-Day Delay Condonation
APL Apollo Tubes Ltd files application to condone 427-day delay in submitting dissolution petition.
The NCLT Chennai bench lists the condonation application for hearing on July 20, 2026.
The applicati
Piramal Capital vs Camel Shelters Adjournment Hearing
NCLT Chennai adjourns hearing for application IA(DIS)/40/CHE/2025 in Piramal Capital's insolvency petition against Camel Shelters.
Adjournment granted as arguing counsel for the erstwhile promoter of
SVL Ltd RP Seeks Income Tax Attachment Lift
SVL Ltd's Resolution Professional files NCLT application to remove Income Tax attachment on corporate debtor's bank accounts.
The application seeks to direct Income Tax Dept to cancel lien and banks t
NCLT Directs Sargam Metals Possession Hearing
NCLT Chennai hears application by liquidator seeking control of Corporate Debtor Sargam Metals.
Tribunal directs applicant to serve copy on promoter director for a reply.
Next hearing scheduled for 14
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
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 Chandigarh Adjourns Ram Hari Auto Case
NCLT Chandigarh Bench adjourns insolvency proceedings against Ram Hari Auto's Pvt. Ltd. to August 20, 2026.
Adjournment due to suspension of work following demise of Punjab & Haryana High Court Justic
NCLT Allows Aar Kay Industries Progress Report
NCLT New Delhi Bench allows IA-2742/ND/2026, approving the 9th Progress Report in the insolvency proceedings.
The application was filed in the matter of Aar Kay Industries vs Jatalia Global Venture Lt
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 Issues Notice in Ankit Metal Power Appeal
NCLAT issues notice and sets timelines for reply and rejoinder filings in an appeal filed by a suspended director of Ankit Metal & Power Ltd.
The Appellate Tribunal clarifies that the Adjudicating Aut
NCLAT Adjourns Innovative Studios Liquidation Appeals
NCLAT Chennai adjourns two company appeals related to liquidation of Innovative Studios Pvt. Ltd. to August 17, 2026.
Appellant Prathikantam Gunavardhan Raju had no representation during the hearing o
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
Radha Madhav Corporation NCLT Penalty Waiver Order
Radha Madhav Corporation responds to BSE/NSE queries regarding non-compliance penalties levied for pre-2022 periods.
Company cites NCLT order dated November 10, 2025 waiving all penalties for periods
Osmund Cranes NCLT Case Adjourned to September 2026
NCLT Chandigarh adjourns Section 9 insolvency petition against Osmund Cranes Pvt. Ltd. due to judicial member's demise.
Case CP (IB) No. 134/Chd/Pb/2025 postponed from June 29, 2026, to September 11,
NCLT Adjourns Ind-Bharat Power Liquidation Applications
NCLT Hyderabad adjourns multiple IAs in Ind-Bharat Power insolvency to 14.07.2026 pending modified NCLAT stay order.
Application IA (IBC)/1013/2019 dismissed as withdrawn after becoming infructuous pe
NCLT Chandigarh Adjourns Resol Vinyl vs Jindal Textiles
NCLT Chandigarh Bench adjourns Section 9 IBC insolvency petition hearing due to court closure.
Case involves Resol Vinyl and Chlorides Ltd. as petitioner versus Jindal Speciality Textiles Ltd. as resp
NCLT Directs Nithin Nutritions CoC Re-examination
NCLT Amaravati Bench orders Liquidator to put matters before CoC for re-examination due to non-compliance.
Directs CoC to decide on liquidation extension, change of Liquidator, and PUFE application fi
NCLT Directs CoC Re-examination in Nithin Grains Liquidation
NCLT Amaravati Bench orders CoC to re-examine liquidation process compliance for Nithin Grains and Mills.
Directs CoC to decide on liquidation period extension and change of liquidator applications.
G
NCLT Grants Ethnic Agros Liquidator PUFE Audit Extension
NCLT Amaravati Bench grants four-week extension to liquidator for filing PUFE application in Ethnic Agros Ltd liquidation.
Transaction auditor appointed on 12.06.2026 to identify preferential, underva
NCLT Adjourns Venkatalakshmi vs Kumar Audyogik Hearing
The National Company Law Tribunal (NCLT) Allahabad Bench adjourned a Section 9 IBC insolvency petition hearing.
The matter involves M/s Venkatalakshmi Trading Company as the operational creditor versu
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
Lyka Labs vs Modi Lifecare NCLT Adjournment Pending SC Appeal
NCLT Ahmedabad adjourns Section 9 IBC proceedings between Lyka Labs and Modi Lifecare.
Adjournment granted as Modi Lifecare's NCLAT order appeal is pending before Supreme Court.
Matter listed for next
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
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
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