Tag
Insolvency & Bankruptcy
60 articles
The Indian insolvency landscape is currently characterized by a series of procedural delays and adjournments within the National Company Law Appellate Tribunal (NCLAT). Numerous appeals related to ongoing insolvency proceedings, involving companies like Maximaa Systems, Anil Agarwal, A.P. Leather, Intarvo Technologies, Gigeo Construction, Charbhuja Industries, Mantena Engitec, Sarvottam Realcon, Conquerent Control Systems, Improve Vyapaar, Map Refoils India, Buty HUF, Vijaya Malhotra, Edelweiss ARC, Innovative Studios, Sunstar Home Appliances, and Meridian Society, have been postponed to dates in September and October 2026. Notably, Eureka Industries reported a significant net loss in Q1 FY27, attributed to minimal operations and the commencement of a pre-packaged insolvency resolution process, highlighting the challenges faced by distressed companies navigating the IBC framework. These developments suggest a protracted resolution timeline for many insolvency cases, potentially impacting recovery rates and investor sentiment.
EPFO Amritsar Appeal Dismissed for Time Bar
Supreme Court dismissed the appeal filed under Section 62 IBC by EPFO Amritsar, deeming it barred by limitation.
The application for condonation of delay and the appeal were both rejected, leaving any
NCLAT Adjourns Income Tax vs Maximaa Systems Appeal
NCLAT adjourns hearing for Income Tax Department's appeal against Maximaa Systems Ltd.'s resolution professional to September 30, 2026.
The appeal involves a dispute between the tax authority and the
NCLAT Adjourns Anil Agarwal Insolvency Appeal to September
NCLAT Principal Bench adjourns Anil Agarwal's insolvency appeal hearing to 17th September 2026.
The interim order currently in place is directed to continue until the next hearing date.
The appeal cha
A.P. Leather vs Ganuchi Fashions NCLAT Adjournment
NCLAT adjourns Company Appeal (AT) (Insolvency) No. 849 of 2026 to 23rd September 2026.
Adjournment granted as arguing counsel for the Appellant, A. P. Leather Co. Pvt. Ltd., was unavailable.
The orde
NCLAT Adjourns Intarvo Technologies Insolvency Appeals
NCLAT Principal Bench adjourned two interconnected insolvency appeals involving Intarvo Technologies and Sonoma Management Partners.
The appeals were listed for further hearing on September 18, 2026,
NCLAT Adjourns Gigeo Construction Insolvency Appeal
NCLAT adjourns insolvency appeal hearing for Gigeo Construction to September 9, 2026.
Resolution Professional directed to inform CoC and file compliance affidavit.
Respondents granted time to file rep
NCLAT Lists Charbhuja Industries Liquidation Appeal
NCLAT Principal Bench lists an appeal filed by liquidator Anil Goel of Charbhuja Industries for hearing on October 5, 2026.
The appeal is against respondents Chandrakant Raosaheb Gawade and others in
Mantena Engitec vs Devarakonda NCLAT Hearing Adjourned
NCLAT Principal Bench adjourns Mantena Engitec's insolvency appeal hearing to September 11, 2026.
The appeal (AT Insolvency No. 252-255/2023) involves Mantena Engitec Pvt Ltd as appellant and Ravi San
NCLAT Lists Sarvottam Realcon Homebuyers Appeal
NCLAT lists insolvency appeal filed by homebuyers of Sarvottam Realcon for future hearing on 06.10.2026.
Appeal challenges actions of Resolution Professional Sandeep Goel in corporate insolvency resol
NCLAT Lists Conquerent Control Systems Appeal for September
NCLAT Principal Bench lists Company Appeal (AT) (Insolvency) No. 2277 of 2024 for next hearing on 14.09.2026.
The appeal involves Conquerent Control Systems Pvt. Ltd. as appellant versus Vivek Parti &
NCLAT Adjourns Improve Vyapaar Insolvency Appeal
NCLAT Principal Bench adjourns insolvency appeal Comp. App. (AT) (Ins) No. 1709 of 2023 to September 24, 2026.
The appeal involves corporate entities Improve Vyapaar Pvt. Ltd and VAA Developers Pvt. L
NCLAT Postpones Map Refoils India Appeal Hearing
NCLAT Principal Bench postpones hearing for Map Refoils India Ltd liquidation appeal to October 5, 2026.
Appeal filed by Liquidator Mukesh Dayani against respondents Khusboo Mehul Patel & Others.
Orde
NCLAT Adjourns Buty HUF vs Gigeo Construction Hearing
NCLAT Principal Bench adjourns insolvency appeal hearing to September 9, 2026.
Tribunal grants Respondent No. 2 ten days to file reply with no further extensions.
Appellant directed to file rejoinder
Vijaya Malhotra vs Hotel Horizon RP Adjournment
NCLAT adjourns insolvency appeal Comp. App. (AT) (Ins) No. 667 of 2026 to September 18, 2026.
Appellant Mrs. Vijaya Malhotra challenges Resolution Professional Pravin R Navandar of Hotel Horizon Pvt.
NCLAT Adjourns Edelweiss ARC and Lodha Developers Appeals
NCLAT adjourns two insolvency appeals involving Edelweiss ARC and Lodha Developers to September 2026 for further hearings.
Arguments concluded for Edelweiss ARC's appeal but remained inconclusive for
NCLAT Chennai Adjourns Innovative Studios Liquidation Appeals
NCLAT Chennai adjourned two connected company appeals (Ins) Nos.33/2021 and 36/2021 to 08 September 2026.
The appeals involve Prathikantam Gunavardhan Raju as appellant versus the Liquidator of Innova
NCLAT Grants Pleading Time in Sunstar-Syska Appeal
NCLAT Principal Bench schedules hearing for Sunstar Home Appliances' insolvency appeal against Ritu Rastogi Lights for September 15, 2026.
Parties agree to final hearing with respondent granted 7 days
NCLAT Lists Gigeo Construction Insolvency Appeals
NCLAT Principal Bench hears two connected appeals related to the insolvency resolution process of Gigeo Construction Company Pvt. Ltd.
The bench directs all parties to complete pleadings by the next h
NCLAT Defers Meridian Society vs Butta Liquidator Appeal
NCLAT Chennai lists appeal by Meridian Educational Society against Butta Infrastructure liquidator for hearing on September 17, 2026.
The Tribunal orders continuation of any existing interim orders un
Eureka Industries Q1 FY27 Net Loss ₹21.17 Lakh
Eureka Industries reported Q1 FY27 standalone net loss of ₹21.17 lakh versus profit of ₹8.32 lakh YoY.
Revenue collapsed to ₹4.00 lakh from ₹3751.06 lakh YoY due to minimal operations.
Company commenc
Uni Credit vs Jinaam's Dress Ltd NCLAT Adjournment
NCLAT adjourns hearing for appeal Comp. App. (AT) (Ins) No. 1668 of 2024 filed by Uni Credit S.p.A against Jinaam's Dress Ltd.
The order dated 20.07.2026 lists the next hearing for the appeal on 14.08
NCLAT Adjourns Uni Credit vs Jinaam's Dress Appeal
NCLAT adjourns appeal hearing between Uni Credit S.p.A and Jinaam's Dress Ltd to 28.09.2026 due to time constraints.
Appellant Uni Credit S.p.A was represented by counsel while respondent Jinaam's Dre
VR India Security Services NCLAT Appeal Notice Issued
NCLAT issues notice to respondents in VR India Security Services' appeal against Anju Agarwal and others.
The tribunal directs the appellant to complete service steps within three working days.
The ma
VR India Security Services NCLAT Delay Condonation Appeal
NCLAT condones 13-day delay in filing appeal by VR India Security Services against Anju Agarwal and others.
Tribunal notes respondents 1-4 served but absent, grants time for appellant to file hard cop
NCLAT Schedules Bindu Kapoor Insolvency Appeal Hearing
NCLAT schedules hearing for Bindu Kapoor's appeal against Resolution Professional Mamta Binani for September 16, 2026.
Tribunal directs parties to file replies and rejoinders within stipulated two-wee
NCLAT Adjourns Bliss Abode Possession Dispute Appeal
NCLAT hears appeal against NCLT order directing Bliss Abode's suspended director to hand over registered office possession to Resolution Professional.
RP alleges Corporate Debtor changed locks on prop
NCLAT Adjourns Garden Court Distilleries Appeals
NCLAT adjourned two interconnected appeals involving State Bank of India and Garden Court Distilleries to August 13, 2026.
The appeals relate to insolvency proceedings with State Bank of India as appe
NCLAT Postpones Xrbia Insolvency Appeal to September
NCLAT postpones hearing for appeal filed by erstwhile Resolution Professional of Xrbia North Hinjewadi Developers.
Appeal involves dispute between Sanjay Vijay Jeswani and Asset Reconstruction Company
NCLAT Issues Notice in Pithadai Construction Insolvency Appeal
NCLAT issues notice to respondents in an insolvency appeal filed by Yogesh Kasundra, suspended director of Pithadai Construction Pvt. Ltd.
The tribunal directs the Interim Resolution Professional (IRP
Genus Power NCLAT Appeal Defect Condonation Granted
NCLAT condoned 11-day delay by Genus Power in re-filing insolvency appeal against Jaipur Metals RP.
Appellant e-filed memo on 08.07.2026, received defect notice on 23.07.2026, re-filed on 10.08.2026.
Mahavir Ship Breakers Leel Electricals Liquidation Appeal Adjourned
NCLAT adjourned Mahavir Ship Breakers' appeal against Leel Electricals Limited's liquidator to August 14, 2026.
The appeal, Comp. App. (AT) (Ins) No. 1466 of 2026, was heard in hybrid mode by a two-me
Mahavir Ship Breakers NCLAT Appeal Dismissed
NCLAT denies interim relief to Mahavir Ship Breakers in appeal against Leel Electricals liquidator.
Tribunal grants one week to respondent to file reply and one week for appellant's rejoinder.
Case li
NCLAT Reserves Order in Epic Yarns Insolvency Appeal
NCLAT reserves its final order in an insolvency appeal filed by Aayush Prashant Agarwal, suspended director of Epic Yarns Pvt. Ltd.
The appeal is against respondents Uma Exports Ltd. and another party
NCLAT Adjourns Ebony Estates vs Luna Apparels Appeal
NCLAT Principal Bench adjourns appeal hearing in Ebony Estates vs Luna Apparels insolvency matter to August 14, 2026.
The case involves corporate insolvency proceedings between two private limited com
Mahavir Ship Breakers NCLAT Appeal Denied Interim Relief
NCLAT denies interim relief to Mahavir Ship Breakers in its appeal against the liquidator of Leel Electricals.
The tribunal issues notice to Respondent No. 3 and grants one week for the liquidator to
NCLAT Grants Vipul Ltd Settlement Time with Creditors
NCLAT Principal Bench grants three weeks for Augment Finvest and Surya Dealtrade to settle disputes with Vipul Ltd.
Appeals (1957 & 1958 of 2025) involve financial creditors seeking resolution under i
NCLAT Adjourns Vipul Ltd Insolvency Appeals for Settlement
NCLAT adjourns two insolvency appeals against Vipul Ltd to allow parties time to negotiate a settlement.
Appellants Augment Finvest and Surya Dealtrade are financial creditors seeking recovery from Vi
NCLAT Lists Katariya Infraproject Insolvency Appeal
NCLAT Principal Bench lists Company Appeal (AT) (Insolvency) No. 83 of 2026 for hearing on 13th August 2026.
Appellants are Katariya Infraproject Pvt Ltd in consortium with Rajradhe Finance Limited an
NCLAT Adjourns ASREC India Appeal to September 2026
NCLAT Principal Bench adjourns hearing for Comp. App. (AT) (Ins) No. 2356 of 2024 filed by ASREC (India) Ltd.
The appeal, against respondents Lakhabhai Bhikabhai Vagh & Ors., was listed due to lack of
NCLAT Lists Shreeraj Marcomm Insolvency Appeal
NCLAT Principal Bench schedules hearing for Company Appeal (AT) (Insolvency) No. 187 of 2022.
Appeal involves Shreeraj Marcomm Co Pvt. Ltd. as appellant versus Mohan Insurance & Financial Consultancy
NCLAT Lists A-One Phthalo Colors Appeal
NCLAT schedules hearing for A-One Phthalo Colors' appeal against a resolution professional for August 12, 2026.
The appeal pertains to insolvency proceedings involving Nirbhay Rasayan Pvt. Ltd.
Legal
NCLAT Adjourns A-One Phthalo Colors Insolvency Appeal
NCLAT Principal Bench adjourned an insolvency appeal hearing filed by A-One Phthalo Colors Pvt. Ltd.
The appeal is against the Resolution Professional of Nirbhay Rasayan Pvt. Ltd. and other respondent
NCLAT Adjourns Aegis Resolution Insolvency Appeal
NCLAT adjourned Company Appeal (AT) (Insolvency) No. 725 of 2026 to September 21, 2026.
The appeal involves appellant Santosh Kumar Sarda versus respondent Aegis Resolution Service Pvt. Ltd.
The three
NCLAT Adjourns Jet Airways Liquidation Appeals to September
NCLAT adjourns three appeals by Delhi and Mumbai International Airports against Jet Airways liquidator to September 21, 2026.
The appeals challenge actions or decisions related to the liquidation proc
NCLAT Adjourns Logix Infratech Insolvency Appeal
NCLAT adjourns Company Appeal (AT) (Insolvency) No. 959 of 2026 to 28th September 2026.
Appeal involves Ram Shree Dixit as appellant versus Logix Infratech Ltd. & Anr. as respondents.
Order issued in
NCLAT Adjourns Contempt Cases to September 2026
NCLAT Principal Bench adjourns multiple contempt cases related to Bhasin Infotech & Infrastructure Pvt. Ltd to 21st September 2026.
The matters involve contempt petitions filed by DS Chewing Products
NCLAT Adjourns JTPL Insolvency Appeal to September
NCLAT Principal Bench adjourns insolvency appeal hearing for JTPL Pvt. Ltd. to September 10, 2026.
Appeal filed by Resolution Professional Sandeep Goel against respondents Murari Lal & Ors.
No substan
NCLAT Adjourns Balajidham Build Estate Insolvency Appeal
NCLAT adjourned an insolvency appeal hearing for Balajidham Build Estate Pvt. Ltd. to a future date.
The appeal was filed by Vijay Kumar Agarwal against the company, which is currently in liquidation.
NCLAT Adjourns Jatalia Global Ventures Insolvency Appeal
NCLAT adjourned an insolvency appeal filed by Anil Jain against Jatalia Global Ventures' monitoring committee.
The appeal hearing was rescheduled from August 13, 2026 to September 2, 2026.
The case in
Narender Kumar Sharma Appeals IBBI Disciplinary Order
Narender Kumar Sharma appeals a disciplinary order from the Insolvency and Bankruptcy Board of India (IBBI) at the NCLAT.
The NCLAT Principal Bench heard arguments on a stay application and has reserv
NCLAT Adjourns Jaiprakash Associates Insolvency Hearing
NCLAT Principal Bench adjourns hearing for interim application in Jaiprakash Associates Ltd. insolvency appeal to August 19, 2026.
Application filed by Snigdha Parakh & Anr. against Resolution Profess
ASREC India NCLAT Appeal Adjourned to September 2026
NCLAT Principal Bench adjourned hearing for Comp. App. (AT) (Ins) No. 2356 of 2024.
The appeal involves ASREC (India) Ltd. versus Lakhabhai Bhikabhai Vagh & Ors.
The matter was listed for next hearing
NCLAT Adjourns Meditrina vs Polypet Appeal to September 2026
NCLAT Principal Bench adjourns hearing in insolvency appeal between Meditrina Institute and Polypet Flexible Packaging.
Case Comp. App. (AT) (Ins) No. 842 of 2024 rescheduled from August 13, 2026 to S
NCLAT Directs Refex Industries Appeal Filing
NCLAT Chennai issues procedural order in Refex Industries Ltd's appeal against a liquidator.
Appellant Refex Industries directed to file necessary appeal papers by August 14, 2026.
Matter listed for n
SP Coal Resources NCLAT Appeal Listing Order
NCLAT Chennai lists SP Coal Resources' insolvency appeal against Anantha PVC Pipes for hearing on August 14, 2026.
The appeal (No. 388/2026) is currently at the preliminary stage with no substantive d
Linkson International NCLAT Adjournment Hearing Scheduled
NCLAT adjourns hearing for Linkson International Ltd suspended director's appeal against the liquidator.
The appellants' counsel could not conclude submissions due to a lack of time.
The next hearing
Nakshatra Asset Ventures NCLAT Appeal Hearing Listed
NCLAT lists Nakshatra Asset Ventures' insolvency appeal against Zicom Electronic Security's RP for hearing.
The appeal challenges an order related to the corporate insolvency resolution process of Zic
ED Appeals NCLAT Order in Kute Sons Insolvency
Directorate of Enforcement files appeal against Resolution Professional Aegis Services in Kute Sons Dairy insolvency case.
NCLAT Principal Bench lists the appeal for next hearing on September 1, 2026.
NCLAT Adjourns Ravindra Mogra vs Canara Bank Insolvency Appeal
NCLAT adjourns insolvency appeal to allow Ravindra Mogra and Canara Bank to negotiate settlement of ₹81.6 crore debt.
Appellant's ₹10 crore settlement proposal rejected by Canara Bank as insufficient
NCLAT Directs Swift Resolution Plan Hearing for Syska LED
NCLAT disposes appeal against NCLT order excluding Gurumukh Uttamchandani's resolution plan for Syska LED Lights.
Tribunal directs NCLT Mumbai to decide exclusion application IA No.3015/2026 within 7