Tag
Insolvency & Bankruptcy
39 articles
The Insolvency and Bankruptcy Tribunal (NCLAT) continues to manage a high volume of appeals related to ongoing insolvency proceedings across various sectors. Numerous hearings have been adjourned to dates in October, November, and December 2026, reflecting the complex and protracted nature of these cases, involving companies like Archon Engicon, Modern Asset, Tayo Rolls, and Advantage Raheja Hotels. Procedural updates and time extensions dominate the recent activity, with courts addressing issues like affidavit submissions, impleadment of additional parties, and delays in filings. A notable development involves the State Tax Officer challenging a NCLT order against Patanjali Foods, highlighting the intersection of insolvency proceedings and tax claims, and underscoring the ongoing refinement of IBC regulations.
NCLAT Adjourns Archon Engicon Insolvency Appeal
NCLAT Principal Bench adjourned Company Appeal (AT) (Ins) No. 1857 of 2026 filed by Suresh Bhatnagar & Anr.
The appeal is against Sunil Kumar Kabra, Liquidator of Archon Engicon Ltd. & other responden
NCLAT Chennai Lists Modern Asset Appeal for December
NCLAT Chennai issues a procedural order listing an appeal filed by Modern Asset for a hearing on December 15, 2026.
The appeal is against KNK Construction Pvt. Ltd. and six other respondents in a case
NCLAT Lists Manish Kapoor vs Vikram Structures Liquidator Matter
NCLAT Chennai lists an appeal filed by Sri Manish Kapoor against the liquidator of Vikram Structures Pvt Ltd for further hearing.
The liquidator, Surender Devasani, filed an affidavit as previously di
RKJ Enterprises NCLAT Appeal Hearing Adjourned
NCLAT Chennai adjourns hearing for Company Appeal (AT) (CH) (Ins) No. 580/2025 to 25 November 2026.
Appellant M/s. RKJ Enterprises was represented by advocate Ms. Jayanthi K Shah.
Respondent Mr. S. Sa
NCLAT Adjourns Shriram Land Development Appeal
NCLAT Chennai adjourned an insolvency appeal filed by S. Venkataraman, suspended director of Shriram Land Development Pvt. Ltd.
The appeal was listed for 05.11.2026 due to an issue with the affidavit
Nakshatra Feeds NCLAT Appeals Adjourned to December 2026
NCLAT Chennai adjourns two insolvency appeals filed by Nakshatra Feeds India Ltd to December 18, 2026.
Appeals challenge actions of the Resolution Professional for Nexus Feeds Ltd in ongoing insolvenc
State Tax Officer Rejects Writ Against Patanjali Foods
Gujarat State Tax Officer filed a writ petition contesting the NCLT’s 8 Nov 2023 order against Patanjali Foods Ltd (formerly Ruchi Soya).
The petitioners objected to paragraphs 6.4 and 6.5 of the orde
NCLAT Adjourns Button Industries Appeals to Oct 1
NCLAT adjourned three interconnected appeals related to Button Industries Pvt Ltd's insolvency resolution process due to time constraints.
The appeals involve Wellfin Corporation, Madhav Solar, CoC th
ISGEC Heavy Engineering Appeal Defect Time Extension
NCLAT condones 7-day delay in re-filing appeal by ISGEC Heavy Engineering against SMW Ispat.
Appellant e-filed memo on 19 August 2026, received defect notice on 03 September 2026.
Appeal re-filed on 1
NCLAT Adjourns Advantage Raheja Hotels Insolvency Appeals
NCLAT adjourns two interconnected insolvency appeals involving Advantage Raheja Hotels and Omkara ARC to October 15, 2026.
The order is a procedural update from the tribunal's Principal Bench, listing
NCLAT Directs Impleadment of Asteroid Shelters in Appeal
NCLAT hears interim application in Anuj Goyal's insolvency appeal against Rishabh Chand Lodha.
Tribunal directs appellant to implead Asteroid Shelters Homes as respondent in ongoing case.
Asteroid She
NCLAT Schedules Multiple Hotels Insolvency Appeals
NCLAT Principal Bench issues procedural order scheduling four interconnected insolvency appeals.
Appeals involve Jaimatarani Homes, Partha Paul, and KCGP Developers against Resolution Professional.
Tr
NCLAT Adjourns Tayo Rolls Insolvency Appeals to Sept 29
NCLAT adjourned multiple interconnected appeals related to Tayo Rolls Ltd.'s insolvency proceedings to September 29, 2026.
Appeals involve Tata Steel Ltd., Jharkhand Bijli Vitran Nigam Ltd., and Sures
NCLAT Adjourns Avani Projects Insolvency Appeals
NCLAT adjourns multiple interconnected appeals related to Avani Projects & Infrastructure Ltd. insolvency proceedings to October 6, 2026.
Appellants include State Bank of India, Adone Hotels, and Kolk
Fly-Hi Marine NCLAT Appeal Adjourned to Sept 29
NCLAT adjourns Fly-Hi Marine Travels' appeal against Manishkumar Patel to September 29, 2026.
Appellant's counsel requested the adjournment, and the respondent's appearance was not marked.
Tribunal di
NCLAT Adjourns Gigeo Construction Insolvency Appeals
NCLAT adjourns two interconnected insolvency appeals related to Gigeo Construction Company Pvt. Ltd. to September 29, 2026.
The adjournment follows consensus between appellants Subhash Ganpatrao Buty
NCLAT Adjourns Golden Years Properties vs ARCIL Appeals
NCLAT adjourns two appeals filed by Golden Years Properties Pvt. Ltd. against Asset Reconstruction Company (India) Ltd. to September 15, 2026.
The order is procedural, listing both Company Appeal (AT)
NCLAT Admits Golden Years Properties Insolvency Appeals
NCLAT condones a 2-day delay in filing an appeal by Golden Years Properties Pvt. Ltd. against Asset Reconstruction Company (India) Ltd.
The Tribunal directs respondents to file their replies within tw
EPF Board Appeals NCLAT Order in Gallarie Liquidation
Central Board of Trustees appeals to NCLAT against an order concerning Global Gallarie Agencies Pvt Ltd liquidation.
Tribunal grants two weeks for Respondent No.2 to file reply to delay condonation ap
Roadway Solutions India NCLAT Appeal Adjourned to October 13
NCLAT adjourns Navjeet Singh Gadhoke's appeal against Roadway Solutions India Infra Limited's IRP to October 13, 2026.
Existing interim order remains in operation until the next hearing date.
The appe
NCLAT Lists Bhagya Enterprises Appeal for November 2026
NCLAT Principal Bench lists Company Appeal (AT) (Ins) No. 1015 of 2026 for next hearing on 18 November 2026.
Appeal involves Bhagya Enterprises (through proprietor Raju Chintamani Mandal) versus BLV I
Supreme Court Dismisses CBT Appeal, 332‑Day Delay
Supreme Court dismissed the Central Board of Trustees' civil appeal under Section 62 of the IBC, citing lack of merit.
The appeal was rejected due to a 332‑day filing delay, rendering it time‑barred u
NCLAT Adjourns Uttar Pradesh Pashudan Udgyog Appeal
NCLAT Principal Bench adjourns appeal filed by Uttar Pradesh Pashudan Udgyog Nigam Ltd.
Case involves Paramjeet Singh Bhatia as Resolution Professional of Hind Agro Industries Ltd.
Appeal rescheduled
LEEL Electricals NCLAT Adjournment to October 5
NCLAT Principal Bench adjourns LEEL Electricals Ltd.'s appeal against Mahavir Ship Breakers & Ors.
The appeal, listed as Company Appeal (AT) (Ins.) No. 1808 of 2026, was postponed upon the appellant's
Authum Investment NCLAT Appeal Listing Order
NCLAT lists Authum Investment's appeal against Global Business Conexxtions for hearing on October 6, 2026.
The order is a procedural update in an ongoing insolvency-related company appeal before the a
NCLAT Adjourns Shree Vardhman Buildprop Creditors Appeal
NCLAT adjourned hearing of Committee of Creditors appeal against Kishan Lal Arora to November 17, 2026.
The appeal concerns insolvency proceedings of Shree Vardhman Buildprop Pvt. Ltd.
The adjournment
IDBI Bank Insolvency Appeal Adjourned to November 2026
NCLAT adjourns IDBI Bank Ltd.'s insolvency appeal against Praveen Bansal & Anr. due to paucity of time.
The appeal, numbered Company Appeal (AT) (Insolvency) No. 687 of 2021, was not heard on its sche
NCLAT Grants Vardhman Parivar Time for Rejoinder
NCLAT grants appellant Vardhman Parivar Association ten days to file a rejoinder in its appeal against Ducturus Resolution Professional.
The tribunal lists the case for next hearing on 14 October 2026
Phantom Studios Appeals NCLAT Against Eros Dismissal
NCLAT issues notice to Eros International Media Ltd in appeal filed by Phantom Studios India Pvt Ltd.
Appeal challenges Adjudicating Authority's dismissal of Operational Creditor's insolvency applicat
Mainfield Sports NCLAT Appeal Adjourned to October 8
NCLAT Principal Bench schedules hearing for Mainfield Sports Private Limited's insolvency appeal on October 8, 2026.
The appeal is filed against respondents Mohit Chawla & Others in an ongoing insolve
NCLAT Adjourns Button Industries Insolvency Appeals
NCLAT adjourned three interconnected insolvency appeals involving Button Industries Pvt. Ltd. due to paucity of time.
The appeals involve Wellfin Corporation, Madhav Solar, CoC through Neurich Nutrifo
Mahmud Ali Sasa Musa Liquidation Appeal Adjourned
NCLAT adjourns Mahmud Ali's appeal against Sasa Musa Sugar Works liquidator to November 16, 2026.
Interim order remains in operation until the next hearing date.
The appeal concerns insolvency proceed
NCLAT Adjourns Witmans Industries Insolvency Appeal
NCLAT adjourns hearing for Comp. App. (AT) (Ins) No. 1542 of 2025 to October 8, 2026.
The case involves an appeal by Witmans Industries Pvt. Ltd. against B M G Chemicals Pvt. Ltd.
Yes Bank and other l
Mahendra Commercial Ltd Appeal Hearing Scheduled Tomorrow
NCLAT schedules Mahendra Commercial Ltd insolvency appeal hearing for 01 October 2026.
Tribunal grants final opportunity to appellant Mahendra Kumar Goenka's counsel for accommodation.
Case involves a
NCLAT Lists IDEB Projects Insolvency Appeal
NCLAT Chennai lists Company Appeal No. 351/2023 for hearing on 21.12.2026.
Appeal filed by Harkirat Singh Bedi against liquidator of IDEB Projects Pvt. Ltd.
Order issued by Justice N. Seshasayee and J
NCLAT Lists Manish Kapoor vs Vikram Structures Liquidator Matter
NCLAT Chennai lists an insolvency appeal filed by Manish Kapoor against the liquidator of Vikram Structures Pvt Ltd.
The liquidator complied with a prior tribunal direction by filing an affidavit in t
Seya Industries 36th AGM Held Under CIRP
Seya Industries Ltd held its 36th AGM on September 30, 2026, chaired by Interim Resolution Professional Bhavesh Rathod.
Members adopted audited financial statements for FY26 and approved a five-year s
Premier Limited 80th AGM During CIRP
Premier Limited held its 80th Annual General Meeting virtually on September 30, 2026, chaired by Resolution Professional Kanak Jani.
The meeting sought shareholder approval for adoption of FY26 audite
SIP Industries Q2 FY26 Net Loss ₹3 Lakhs
SIP Industries board approved unaudited Q2 FY26 results showing a net loss of ₹3.01 lakhs with negative net worth of ₹603.71 lakhs.
Auditors highlighted material uncertainty on going concern due to ac