Tag
Insolvency
133 articles
The Indian insolvency landscape remains active, with numerous hearings and appeals ongoing across various National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) benches. Recent proceedings involve cases such as Today Homes, Omkara ARC vs Vikas Jain, Roshan Colonisers, and Jaikrishan Estates, reflecting the continued efforts to resolve distressed assets and recover dues for financial creditors. Several cases are experiencing adjournments, highlighting the complexities and procedural delays inherent in the insolvency process. While some personal insolvency resolution processes are concluding successfully through one-time settlements, the overall picture suggests ongoing challenges and a protracted timeline for resolving outstanding insolvency matters, potentially impacting the recovery rates for lenders and the resolution of distressed businesses.
NCLAT Allows Today Homes Homebuyer Delayed Claim Appeal
NCLAT allows appeal by homebuyer Himanshu Battish against rejection of delayed claim in Today Homes Noida insolvency.
Tribunal directs Resolution Professional to include appellant's claim in second ad
NCLAT Lists Today Homes Insolvency Appeal for Hearing
NCLAT lists an insolvency appeal filed by Himanshu Battish against resolution professional Rabindra Kumar Mintri for a hearing on May 15, 2026.
The appeal pertains to the corporate insolvency resoluti
Omkara ARC vs Vikas Jain NCLAT Hearing Scheduled
NCLAT Principal Bench schedules hearing for insolvency appeal between Omkara ARC and Vikas Jain.
Appeal listed for next hearing on July 20, 2026, as per order dated May 18, 2026.
Case involves Company
NCLAT Sets Aside Costs in Roshan Colonisers Insolvency Case
NCLAT order dated 24.04.2026 set aside costs imposed in Section 7 IBC insolvency proceeding.
Case involves M/s Roshan Colonisers Pvt. Ltd. as financial creditor versus M/s Grateful Buildinfra Pvt. Ltd
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
NCLAT Remands Jaikrishan Estates Insolvency Appeal
NCLAT remands case to NCLT to determine if ₹6.86 crore director advance constitutes financial debt under IBC.
Appellant claims interest-free loan of ₹6.86 crore was acknowledged in corporate debtor's
Naveen Oil Carrier vs Prabha Infrastructure NCLT Adjournment
NCLT Allahabad Bench adjourns Section 9 IBC insolvency petition hearing to July 3, 2026.
Operational Creditor Naveen Oil Carrier Pvt Ltd files petition against Corporate Debtor Prabha Infrastructure P
NCLT Adjourns SBI vs Simbhaoli Guarantor Hearing
NCLT Allahabad Bench adjourns hearing for two insolvency petitions filed by State Bank of India against personal guarantor of Simbhaoli Sugars.
Adjournment granted until July 7, 2026, due to unavailab
NCLAT Adjourns B & G Power vs Mona Portfolio Insolvency Appeal
NCLAT grants B & G Power two weeks to file a rejoinder affidavit in its insolvency appeal against Mona Portfolio Ltd.
Respondent No. 2 and the SRA are also granted two weeks each to file their reply a
Salawat Real Estate Insolvency Appeal Adjourned to May 18
NCLAT adjourns Salawat Real Estate's insolvency appeal to May 18, 2026.
Appellant's counsel requested the adjournment during the hearing.
The case is identified as Company Appeal (AT) (Insolvency) No.
NCLAT Lists SBI Insolvency Appeals for Hearing
NCLAT lists three interconnected insolvency appeals involving State Bank of India and other parties for hearing on May 18, 2026.
Appeals challenge orders related to corporate insolvency resolution pro
NCLT Adjourns Shanti Refrigeration CIRP Hearing
NCLT Allahabad Bench adjourns hearing in Shanti Refrigeration Industries CIRP to June 4, 2026.
Ex-management counsel claims a fresh Resolution Plan proposal is under discussion with State Bank of Indi
NCLT Adjourns JVL Agro Insolvency Proceedings Against Guarantors
NCLT Allahabad Bench adjourns multiple insolvency proceedings under Section 95 IBC against personal guarantors of M/S JVL Agro Industries Ltd.
Cases involve Bank of Baroda and State Bank of India as f
Saurav Misira Enterprises Insolvency Hearing Adjourned
NCLT Allahabad Bench adjourns hearing for Saurav Misira Enterprises Pvt Ltd insolvency resolution to June 5, 2026.
The case involves corporate insolvency resolution process under Section 9 of IBC agai
NCLT Adjourns Fedders Electric Hearing to June 2026
NCLT Allahabad Bench adjourns all pending applications in the Fedders Electric & Engineering Ltd insolvency case to June 29, 2026.
The case, initiated by State Bank of India under Section 7 IBC, has a
NCLT Allahabad Adjourns SAIL vs Jaiprakash Associates Hearing
NCLT Allahabad adjourns hearing to July 6, 2026 in SAIL's petition against Jaiprakash Associates under Companies Act.
Case involves petition under Sections 241/242 of Companies Act, 2013 against respo
NCLT Approves PIRP Closure via OTS
NCLT allows closure of personal insolvency resolution process for Vinita Pandey after full OTS payment to Canara Bank.
Application filed under Section 112 of IBC 2016 by Resolution Professional is app
NCLT Closes Canara Bank-Pawan Pandey PIRP Case
NCLT Allahabad disposes of personal insolvency case against Pawan Pandey, guarantor of Green Space Block LLP.
Case closure follows full receipt of One Time Settlement payment by financial creditor Can
Mahindra Finance Stan Autos NCLT Adjournment
NCLT adjourns Mahindra Finance insolvency petition against Stan Autos due to power failure.
Case IB-52(PB)/2021 renotified for next hearing on 30 June 2026.
Liquidator represented by Advocate Aarav Ra
NCLT Bareilly Highways Insolvency Petition Hearing Update
NCLT hears State Bank of India's Section 7 insolvency petition against Bareilly Highways Project Limited.
Tribunal condones 7-day delay in filing reply, takes reply on record for merits adjudication.
NCLT Issues Notice to Sanco Industries Personal Guarantor
NCLT issues notice to personal guarantor Rita Gupta in Sanco Industries insolvency case.
Tribunal directs guarantor to file response to the petition by next hearing date.
Matter listed for further hea
CFM ARC Files ₹504.8 Crore Insolvency Against Sare Saamag
CFM Asset Reconstruction files Section 7 IBC petition for ₹504.8 crore debt recovery from Sare Saamag Realty.
Tribunal directs petitioner to serve notice via email and dasti, giving corporate debtor 7
PNB Insolvency Application Against SVOGL Under IBC
Punjab National Bank filed an insolvency application under Section 7 of IBC 2016 against SVOGL Oil Gas and Energy Limited.
NCLT issued notice questioning application maintainability due to company's l
NCLT Lists Punjab National Bank Bansal Diamonds Liquidation
NCLT lists new interlocutory application IA-15/2026 for hearing on 25 May 2026 alongside existing IA-2023/2026.
Punjab National Bank is the petitioner against corporate debtor Bansal Diamonds Pvt Ltd
CFM ARC Files ₹504.8 Cr Pyramid Realtors Insolvency Petition
CFM Asset Reconstruction filed a ₹504.80 crore insolvency petition against Pyramid Realtors under Section 7 of IBC 2016.
The petitioner served advance notice and filed default information with NeSL, c
NCLT Admits CFM ARC's ₹504.8 Cr Insolvency Petition Against Saamag
NCLT admits CFM ARC's Section 7 insolvency petition against Saamag Infrastructure over a ₹504.8 crore default.
Petitioner served advance notice and filed default information with NeSL as required unde
CFM ARC Initiates Insolvency Against Saamag Constructions
CFM Asset Reconstruction files Section 7 IBC petition against Saamag Constructions for a default of ₹504.80 crore.
Tribunal directs petitioner to serve notice via email and dasti, giving corporate deb
IDBI Bank vs Phool Kumar Garg Hearing Adjourned
NCLT adjourns IDBI Bank's insolvency application against Phool Kumar Garg due to power failure.
Case IB-786(PB)/2024 renotified for hearing on 08 July 2026.
Order passed under Section 95(1) of the Ins
IDBI Bank Insolvency Petition Adjourned to July 2026
NCLT adjourns IDBI Bank's Section 95 insolvency petition against Munendra Kumar Singh due to power failure.
The matter has been renotified for the next hearing on 08.07.2026.
Legal representatives for
NCLT Issues Notice to Saga Developers in Rs 504.8 Crore Insolvency Case
NCLT directs CFM Asset Reconstruction to serve notice on Saga Developers for a Rs 504.8 crore insolvency petition.
Corporate debtor Saga Developers given 7 days to file a reply to the Section 7 petiti
State Bank of India Insolvency Case Adjourned
NCLT adjourns State Bank of India's Section 95 insolvency application against Shanta Gupta due to power failure.
The matter has been renotified for a hearing on May 25, 2026.
The case involves a bankr
Nulife Hospital vs NCR Healthways NCLT Insolvency Petition
NCLT lists substitution application for deceased petitioner in Nulife Hospital's insolvency petition against NCR Healthways.
Petition was previously dismissed for non-prosecution but restored by the t
IDBI Bank vs Parbati Sengupta NCLT Hearing Adjourned
NCLT New Delhi adjourns IDBI Bank's insolvency application against Parbati Sengupta to July 2026.
Hearing for case IB-788(PB)/2024 was postponed due to a power failure at the tribunal.
The matter invo
NCLAT Lists Kapil Anand vs Kotak Mahindra Appeal
NCLAT Principal Bench lists insolvency appeal between Kapil Subhash Anand and Kotak Mahindra Pvt. Ltd for hearing on 28 May 2026.
The appeal, registered as Company Appeal (AT) (Insolvency) No. 573 of
Prestige Estates NCLAT Modifies Interim Order on Resolution Plan
NCLAT modifies its interim order to specify that actions by the Resolution Applicant for Prestige Estates are subject to the appeal's outcome.
The Resolution Plan for Prestige Estates Projects Ltd. ha
NCLAT Lists IL&FS Case for Orders on June 22
NCLAT lists the Union of India vs IL&FS appeal for passing orders and hearing interim applications on June 22, 2021.
Multiple parties, including GAIL India and HDFC, filed applications for interventio
NCLAT Lists IDBI Bank vs Deccan Chronicle Insolvency Appeals
NCLAT hears multiple interlocutory applications in interconnected insolvency appeals filed by IDBI Bank and Deccan Chronicle entities.
The Resolution Professional cites a fund shortage preventing the
Pawan Kumar Appeals Utsav Securities Liquidation
Appellant Pawan Kumar seeks urgent NCLAT hearing against Utsav Securities' liquidation application.
Respondent 1 claims lack of service, requests appeal papers; Appellant alleges deliberate delay.
RP
NCLAT Restores Maithan Alloys Insolvency Appeal
NCLAT restores State Bank of India's insolvency appeal against Maithan Alloys per Supreme Court order.
Maithan Alloys files application expressing willingness to comply with NCLAT's earlier directions
NCLAT Schedules Technico Strips vs Emkay Authomobile Hearing
NCLAT Principal Bench schedules next hearing for Technico Strips insolvency appeal against Emkay Authomobile for June 25, 2021.
Appellant directed to provide appeal paper book to respondent within thr
NCLAT Adjourns SBI vs Subodh Agrawalla Contempt Case
NCLAT adjourns State Bank of India's contempt case against Subodh Kumar Agrawalla and others, granting time for filing replies.
Maithan Alloys Ltd's counsel seeks time to file reply affidavit and unde
Kakan Rice Mill NCLAT Appeal Withdrawn Against Bank
Kakan Rice Mill Pvt. Ltd. withdrew its NCLAT appeal against a Section 7 insolvency admission order.
The appeal challenged the NCLT's 12 February 2026 order admitting Bank of Baroda's insolvency petiti
SVS Marketing vs Kajaria Bathware NCLAT Appeal Hearing Scheduled
NCLAT schedules next hearing for July 23, 2026 in insolvency appeal between SVS Marketing and Kajaria Bathware.
Appeal filed by SVS Marketing Sanitaryware against Kajaria Bathware under Company Appeal
NCLAT Adjourns R.P. Info System Insolvency Appeal
NCLAT Principal Bench adjourns Kaustuv Ray's insolvency appeal against State Bank of India to August 2026.
Appeal filed by suspended director of R.P. Info System Ltd. challenges proceedings initiated
SC Condones 105-Day Delay – BCIL Zed
Supreme Court set aside High Court and NCDRC orders, condoning 105‑day delay in filing First Appeal No. 591/2023 by SRA.
The consumer complaint filed on 04‑12‑2018 with Tamil Nadu SCDRC was barred by
Ashok Tiwari vs DBS Bank India NCLAT Appeal
NCLAT lists insolvency appeal filed by Ashok Tiwari against DBS Bank India Ltd for hearing on 28 May 2026.
Appeal challenges proceedings involving DBS Bank India and asset reconstruction company ACRE.
Om Engineers NCLAT Appeal Delay Condonation Hearing
NCLAT hears Om Engineers' application to condone a 14-day delay in filing an insolvency appeal.
Tribunal grants appellant one week to file an affidavit supporting the delay condonation request.
The ap
ICICI Bank NCLAT Appeal Adjourned to August 2026
• ICICI Bank Ltd. filed an appeal against a resolution professional at NCLAT.
• The appeal pertains to the corporate insolvency resolution process of Servel India Pvt. Ltd.
• The NCLAT Principal Bench
NCLAT IL&FS Proceedings Multiple Intervenor Applications
NCLAT disposes of Indian Bank application as infructuous post-distribution completion.
Directs EPFO to file its claim with IL&FS group's claim management team.
Orders Punjab National Bank to process c
Proptree Promoters NCLAT Appeal Dismissed on RERA Funds
NCLAT dismissed Proptree Promoters' appeal against an order rejecting its application in Shree Vardhman Infraheights' CIRP.
The Adjudicating Authority ruled the operational creditor had no locus to fi
Supreme Court Approves Umang Realtech Cost Withdrawal
Supreme Court heard Miscellaneous Applications Nos.2655‑2656/2025 linked to CA Nos.2607‑2608/2024 involving Umang Realtech Pvt Ltd.
The court granted appellant Manish Kumar Gupta’s request to withdraw
Reliance Communications Clarifies Director Resignation Disclosure Delay
Reliance Communications clarifies a delay in disclosing a director's resignation under SEBI LODR Regulation 30.
The delay was caused by a temporary technical email server issue lasting 4-5 days.
The c
Prime Focus Complies with NCLAT ₹354 Crore Deposit
Prime Focus Limited confirms compliance with NCLAT's directive to deposit ₹353.79 crore by May 20, 2026.
The deposit stays an NCLT order and halts further action by the Interim Resolution Professional
KISAAN STEELS IBC Claim Rs 3.97 Cr
Supreme Court heard civil appeal 7916/2026 between Rakesh Panchal and Kisan Steels over IBC Section 9 petition.
Respondent claimed Rs 5.91 crore, appellant offered Rs 4.25 crore, and Section 9 petitio
NCLAT Lists Intarvo Technologies and Sonoma Management Appeals
NCLAT lists two connected insolvency appeals for hearing on July 20, 2026.
Appeals involve Intarvo Technologies Pvt. Ltd. and Sonoma Management Partners Pvt. Ltd.
The order is procedural, listing the
Bank of Baroda vs Vedara India NCLAT Hearing Adjourned
NCLAT adjourned hearing for Comp. App. (AT) (Ins) No. 1524 of 2025 to May 18, 2026.
The appeal involves Bank of Baroda as appellant versus Vedara India Ventures Pvt. Ltd. as respondent.
The order was
NCLAT Schedules Prudent ARC vs Karan Automotives Hearing
NCLAT Principal Bench schedules hearing for July 14, 2026 in insolvency appeal between Prudent ARC and Karan Automotives.
Both parties directed to file written submissions and list of authorities befo
Proplarity Infratech vs Sky High Techno Build NCLAT Listing
NCLAT Principal Bench lists appeal between Proplarity Infratech and Sky High Techno Build for hearing on August 26, 2026.
Case involves Company Appeal (AT) (Ins.) No. 1741 of 2024 heard in hybrid mode
Suraksha Realty NCLAT Appeal Dismissed on Preferential Transaction
NCLAT dismissed Suraksha Realty's appeal against NCLT order declaring its mortgage as preferential transaction under IBC.
Mortgage deed executed in July 2021 secured 2014 debt, improving creditor posi
NCLAT Adjourns DBS Bank India Insolvency Appeals
NCLAT adjourned two connected insolvency appeals filed against DBS Bank India Ltd. until May 18, 2026.
The appeals, filed by Aamir Ahmed and Naushad Ahmed, were listed before a two-member bench.
No su
NCLT Dismisses EPFO's Rs 8.23 Cr Liquidation Claim
NCLT Kolkata dismisses EPFO's application seeking Rs 8.23 crore in provident fund damages and interest from Corporate Power Ltd's liquidation.
Tribunal condones 148-day filing delay but rejects claim
NCLT Admits Omnibay Insolvency Petition Over ₹2.81 Crore Default
NCLT Kolkata admits Section 7 IBC petition against Omnibay Private Limited for defaulting on a ₹2.81 crore debt to financial creditor Ranisati Constructions.
The court found a financial debt of ₹2.65
NCLT Admits Bank of India Insolvency Petition Against Bahubali Realbuild
NCLT admits Bank of India's Section 7 IBC petition against corporate guarantor Bahubali Realbuild for a default of ₹17.54 crore.
Corporate Debtor provided guarantee for loans to Sunbeam Dealers, which
NCLT Grants Master India Brewing 7-Day Reply Extension
NCLT Guwahati hears Punjab National Bank's insolvency petition against Master India Brewing under IBC Section 7.
Tribunal grants respondent 7 days to file counter affidavit with right forfeiture claus
Creative Capital Services vs Alka Goyal NCLT Adjournment
NCLT adjourns Section 95(1) insolvency application hearing involving Creative Capital Services and Alka Goyal.
Case IB/13/ND/2024 postponed to July 1, 2026, due to paucity of time during hybrid hearin
NCLT Chandigarh Stays J&K Bank Auction of Amar Singh & Sons
Amar Singh & Sons Tree Nuts LLP files for corporate insolvency under Section 10 of IBC, 2016.
NCLT Chandigarh directs J&K Bank to halt its SARFAESI auction process scheduled for 25.05.2026.
The tribun
Kashyapi Infrastructure NCLT Hearing Adjourned
NCLT adjourned Section 9 IBC insolvency petition hearing due to internet connectivity issues.
Case involves Kuldip Singh Sethi vs Kashyapi Infrastructure Private Limited over operational debt.
Matter
Tata Capital vs Sanjay Mehra Insolvency Case Adjourned
NCLT adjourns Tata Capital's insolvency application against Sanjay Mehra to July 2026.
Case involves Section 95(1) IBC proceeding with legal representation from both parties.
Hybrid hearing conducted
Central Bank Insolvency Case Adjourned to July 2026
NCLT adjourns Central Bank of India's insolvency application against Deepak Kapoor to 1 July 2026.
Case heard under Section 95(1) of Insolvency & Bankruptcy Code 2016 in New Delhi Court-IV.
Adjournmen
NCLT Adjourns IDBI Bank vs Santosh Overseas Hearing
NCLT adjourned IDBI Bank's insolvency petition against Santosh Overseas Ltd due to internet connectivity issues.
The matter under Section 7 of IBC, 2016 has been listed for next hearing on 06.07.2026.
JBF Industries Reports Qualified Audit Opinion Under Insolvency
JBF Industries' auditor issued a qualified opinion on FY26 results due to non-provision of ₹45,283 lakhs interest expense and uncertainty over a ₹12,848 lakhs subsidiary claim.
The company reported ze
Gupta Power Director Appeals NCLAT Insolvency Orders
Mahendra Kumar Gupta appeals multiple NCLAT orders related to Gupta Power Infrastructure Ltd's insolvency against Canara Bank.
The appeals are procedural, listing all cases for hearing on May 28, 2026
NCLAT Dismisses S.A. Plywood and Ion Bio Med Appeals
NCLAT dismisses two appeals by S.A. Plywood and Ion Bio Med against NCLT orders admitting insolvency petitions.
Tribunal rejects applications to amend appeals by substituting suspended directors as ap
Unique Sugars Ltd. Insolvency Appeal Hearing Scheduled
NCLAT schedules hearing for Pramod Chainsing Rajput's appeal against Unique Sugars Ltd. and its liquidator.
The appeal, registered as Company Appeal (AT) (Insolvency) No. 268 of 2024, will be heard on
NCLAT Rejects S Ten Lighting Insolvency Appeal Delay
NCLAT condoned 27-day refiling delay for S Ten Lighting's appeal against an insolvency order.
Tribunal rejected application to condone 20-day filing delay, citing jurisdictional limit of 15 days.
Appe
NCLAT Dismisses Jet Airways Aircraft Auction Appeal
NCLAT upheld NCLT Mumbai's order dismissing an appeal by Industrial Asset Transaction Services against Jet Airways' aircraft auction.
The appeal contested the auction process, alleging insufficient in
NCLAT Dismisses Shreenathji Infrastructure Insolvency Appeal
NCLAT upheld NCLT Mumbai's dismissal of Shreenathji Infrastructure's Section 9 insolvency petition against Namasthetu Infratech.
Tribunal found pre-existing disputes over work quality, quantity, and c
Rajesh Goyal Seeks Appeal In 2020 Cheques
Supreme Court admitted Rajesh Goyal’s petition for special leave to appeal in case against Lakshmi Hydro Products Pvt Ltd.
The dispute centers on two cheques dated 01‑04‑2020 and 31‑03‑2020 issued by
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
SREI Requests BRNL Promoter Reclassification Post-NCLT
BRNL received a formal request from SREI Infrastructure Finance to reclassify its 19.81% holding from 'Promoter' to 'Public' category.
The request follows the NCLT-approved resolution plan for SREI, t
Suryachakra Power Q3 Net Loss ₹2.51 Lakh
Board approved Q3 FY2025 unaudited financial results with a net loss of ₹2.51 lakh for the quarter ended December 31, 2025.
Company has no business operations, resulting in zero revenue and income, wi
Suryachakra Power Q1 Reports Zero Revenue
Board approved Q1 FY25 financial results showing zero revenue and ₹3.83 lakh net loss.
Company remains under NCLT liquidation with ongoing takeover process by Indo Aquatics Limited.
Auditors issued mo
Suryachakra Power Q4 FY25 Results: Zero Revenue, Liquidation Ongoing
Suryachakra Power reported zero revenue and a net loss of ₹2.86 lakh for Q4 FY25, approved by its board on 06 May 2025.
The company remains under liquidation per NCLT order, with sale to Indo Aquatics
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
Hanspa Knit Liquidation: SC Lists Appeal 20‑May
Supreme Court heard petition for special leave to appeal (C) No. 16701/2026 filed by Shankar Darbari against Officer Liquidator of Hanspa Knit (P) Ltd.
Petition challenges the High Court of Gujarat's
Hanspa Knit Liquidation: SC Lists Appeal 20‑May
Supreme Court heard petition for special leave to appeal (C) No. 16701/2026 filed by Shankar Darbari against Officer Liquidator of Hanspa Knit (P) Ltd.
Petition challenges the High Court of Gujarat's
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
Athena Chhattisgarh Power Ltd Insolvency Petition Adjourned
NCLT Hyderabad adjourns SBI's Section 7 IBC petition against Athena Chhattisgarh Power Ltd to August 2026.
Respondent granted two weeks to file counter; applicant gets two weeks thereafter for rejoind
Golden Jubilee Hotels NCLT Matters Adjourned to 2026
NCLT Hyderabad adjourns nine interconnected insolvency applications involving Golden Jubilee Hotels to August 2026.
All matters are stayed due to a status quo order from the Supreme Court in a connect
NCLT Ahmedabad Directs RP Report Service in Bohra Fashion Case
NCLT Ahmedabad hears procedural application in Bohra Fashion Limited insolvency matter under Section 94 IBC.
Tribunal directs Resolution Professional to serve report copy on all respondents including
Ugain Home Solutions Insolvency Petition Adjourned
• Ugain Home Solutions Pvt Ltd filed for voluntary insolvency under Section 10 of IBC 2016.
• The NCLT Chandigarh Bench adjourned the hearing due to paucity of time on 15 May 2026.
• The matter has be
NCLT Ahmedabad Directs RP Report Service in Deutsche Bank Case
NCLT Ahmedabad hears application filed by Damyantiben Rathod against Deutsche Bank under Section 94 IBC.
Tribunal directs Resolution Professional to serve report copy on all respondents for a pending
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
Parsvnath Director Appeals NCLAT Order in ARCIL Case
Suspended Parsvnath Director Sanjeev Kumar Jain files appeal against Asset Reconstruction Company (India) Ltd at NCLAT.
The NCLAT Principal Bench lists the matter for hearing on May 21, 2026, directin
NCLAT Admits Insolvency Appeals Involving SWAMIH Investment Fund
NCLAT Principal Bench lists two interconnected insolvency appeals for hearing on May 25, 2026.
Appeals involve NRG & Co. and Ansal Crown Infrabuild's RP versus SWAMIH Investment Fund.
Tribunal directs
NCLAT Lists UPHDB vs KSN Buildwell Insolvency Appeals
NCLAT lists three interconnected insolvency appeals involving Uttar Pradesh Housing Board and KSN Buildwell for hearing.
The appeals include matters filed by the housing board, corporate debtor, and r
Jhandewalas Foods Limited FY26 Qualified Audit Report
Board approved FY26 audited and H1 standalone financial results and accepted an independent director's resignation.
Auditors issued a qualified opinion citing non-provisioning of NPA interest and lack
Burnpur Cement FY2026 Net Loss ₹7923.86 Lakh
Board approved audited FY2026 results showing a net loss of ₹7923.86 lakh with operations fully discontinued since November 2023.
Redesignated Mr. Pawan Pareek from Executive Director & CFO to Whole-t
Loon Land NCLAT Hearing on Rs 42 Crore Dispute
NCLAT hears appeal by Loon Land Development Ltd against RP of Revital Reality Pvt Ltd in insolvency matter.
RP alleges Rs 42 crore consideration for assignment deed remains unpaid by Loon Land to corp
NCLAT Lists SRS Real Infrastructure Insolvency Appeals
NCLAT lists two appeals filed by housing associations against SRS Real Infrastructure's resolution professional.
Appeals challenge actions of resolution professional Amarpal in SRS Real Infrastructure
NCLAT Lists Kindle Infraheights Insolvency Appeals for May
NCLAT Principal Bench lists three interconnected insolvency appeals for next hearing on May 15, 2026.
Appeals involve suspended directors challenging actions of the Interim Resolution Professional for
NCLAT Adjourns Techi Tara Insolvency Appeal Hearing
NCLAT adjourned hearing for Comp. App. (AT) (Ins) No. 907 of 2026 to May 26, 2026.
Resolution Professional confirmed publication issued and claims collation ongoing, but no CoC constituted.
Appellant
Niriha Consultancy NCLT Adjournment for Written Submissions
NCLT Ahmedabad adjourned a Section 95 IBC petition filed by Niriha Consultancy against Annu Goyal PG to Parasmani Tubes.
The applicant was directed to file 2-3 page written submissions on petition mai
ACE Worldwide Tours Ltd NCLT Cost Compliance Order
NCLT Ahmedabad issues procedural order in ACE Worldwide Tours Ltd insolvency case.
Tribunal directs both parties to confirm compliance with previously ordered cost payments.
Liquidator is instructed t
ACE Worldwide Tours Ltd NCLT Cost Compliance Order
NCLT Ahmedabad issues procedural order in ACE Worldwide Tours Ltd insolvency case.
Tribunal directs both parties to confirm compliance with previously ordered cost payments.
Liquidator is instructed t
Ricova International Files Insolvency Petition Against Shree Narayan Kraft
Ricova International INC filed Section 9 IBC petition against Shree Narayan Kraft Paper Mill LLP for operational debt default.
The National Company Law Tribunal Ahmedabad issued notice to respondent,
BMW India Financial vs Parsoli Motor NCLT Adjournment
NCLT Ahmedabad adjourns multiple interlocutory applications in BMW India Financial's insolvency petition against Parsoli Motor Works.
The matter under Section 7 IBC was listed for hearing but no repre
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
Alchemist ARC Seeks Substitution in Radha Madhav NCLT Case
Alchemist Asset Reconstruction Company files application to substitute itself as applicant in ongoing NCLT insolvency proceedings.
Application filed under Section 60(5)(c) of IB Code 2016 seeking repl
NCLT Ahmedabad Reserves Order in Gayatri Engimech Insolvency Petition
NCLT Ahmedabad Bench reserves order in Section 7 IBC insolvency petition filed by Gayatri Engimech against Sisa Mosaic.
Both parties represented by advocates and have filed written submissions for tri
NCLT Admits Blu-Smart Charge Insolvency Petition
NCLT Ahmedabad admits Section 7 insolvency petition against Blu-Smart Charge Pvt Ltd filed by Catalyst Trusteeship.
Interim Resolution Professional appointed to manage Blu-Smart Charge's corporate ins
Manaur IBC Section 94 Adjourned to July 2026
NCLT New Delhi adjourns Manaur's Section 94 IBC application hearing.
Case IB-753/ND/2024 rescheduled for next hearing on 02 July 2026.
Hybrid VC and physical hearing conducted with no substantive orde
Raksha Universal NCLT Hearing Adjourned to June 2026
NCLT New Delhi adjourned hearing for Raksha Universal's Section 59 IBC application to 29 June 2026.
The matter involves the company and the Registrar of Companies, heard in hybrid VC/physical mode.
No
Supreme Infrastructure Gets 30-Day NCLT Payment Extension
NCLT Mumbai Bench granted Supreme Infrastructure India a 30-day extension for balance debt payments under its approved scheme.
Company has completed settlements with 80% of lenders and made over 80% p
Neogem India FY26 Auditor Adverse Opinion
Neogem India's auditors issued an adverse opinion due to material uncertainty over its going concern status and inability to repay liabilities.
The company reported a net loss of ₹20.86 lakh for FY26
NCLAT Reserves Judgment on INCAB Industries Resolution Appeals
NCLAT reserves judgment on multiple appeals challenging INCAB Industries Ltd's corporate insolvency resolution process.
Appeals involve Tropical Ventures Company Ltd and Pegasus Assets Reconstruction
NCLAT Adjourns Omkara ARC vs J&K Bank Appeal
NCLAT adjourned Omkara ARC's appeal against J&K Bank to May 15, 2026.
The appellate tribunal ordered the continuation of existing interim relief.
The case involves insolvency proceedings between an AR
NCLAT Condones ARCIL vs Calyx Spaces Filing Delays
NCLAT condoned 3-day filing delay and 38-day re-filing delay in Asset Reconstruction Company's appeal against Calyx Spaces LLP.
Tribunal allowed two weeks for appellant to submit certified copy of the
CMI Limited Appoints Auditor Under Insolvency Process
CMI Limited's board is under suspension as NCLT admitted Canara Bank's insolvency application under Section 7 of IBC.
The Resolution Professional appointed Kumar Pramod & Associates as statutory audit
NCLAT Lists Loha Ispaat Ltd Liquidation Appeal
NCLAT Principal Bench schedules hearing for insolvency appeal filed by Anil Goel, Liquidator of Loha Ispaat Ltd.
Appeal listed for 14th July 2026 along with two interlocutory applications (I.A. Nos. 1
NCLT Admits SBI Insolvency Petition Against India Power
NCLT Hyderabad admits Section 7 IBC petition filed by State Bank of India against India Power Corporation Ltd as corporate guarantor for Meenakshi Energy's default.
Corporate Debtor contested petition
IndusInd Bank Files Insolvency Petition Against BBR Green Fields
IndusInd Bank initiated corporate insolvency proceedings against BBR Green Fields Pvt Ltd under Section 7 of IBC, 2016.
The National Company Law Tribunal Hyderabad Bench issued notice to respondents a
Lanco Infratech NCLT Hearing Adjourned to 10.06.2026
NCLT Hyderabad adjourned two interim applications in IDBI Bank's insolvency petition against Lanco Infratech to June 10, 2026.
The matter involves a Section 7 IBC petition filed by IDBI Bank as financ
NCLT Hyderabad Reserves Orders in Lanco Solar Insolvency
NCLT Hyderabad Bench reserved orders on four interlocutory applications in the Lanco Solar Pvt Ltd insolvency case.
The matters involve the liquidator and other parties represented by multiple legal c
NCLT Dismisses Sahiti Green Homes Homebuyers' CIRP Inclusion Plea
NCLT Hyderabad dismissed an application by 30 Sahitha Green Homes homebuyers seeking inclusion in the CIRP of Sahiti Infratec's other project, Sahiti Sarvani Elite.
The tribunal ruled the ongoing CIRP
NCLT Adjourns Varahi Pharma vs APTRA Synthesis Insolvency Petition
NCLT Hyderabad adjourns Section 9 IBC petition filed by Varahi Pharma against APTRA Synthesis to July 2026.
Tribunal directs respondent to remove e-filing defects and submit physical counter within on
SAAM Facility Management Insolvency Petition Adjourned
NCLT Hyderabad adjourns insolvency petition against SAAM Facility Management Pvt Ltd filed by Powersol Infra Services.
The matter under Section 9 of IBC was heard on 14 May 2026 with only petitioner's
NCLT Hyderabad Adjourns Agarwal Reality Insolvency Applications
NCLT Hyderabad Bench adjourns four interconnected applications in the Agarwal Reality Developers insolvency case to July 2, 2026.
Tribunal corrects procedural error from previous order, setting Respon
NCLT Guwahati Notes Virgo Cements Resolution Plan Status
NCLT Guwahati Bench acknowledges updated status report on Virgo Cements Ltd.'s resolution plan implementation.
Interim Application filed by the Chairman of the Insolvency Management Committee is taken
NCLT Guwahati Admits Bluefern Ventures Liquidation Progress Report
NCLT Guwahati admits the 9th progress report filed by the liquidator for Bluefern Ventures Pvt. Ltd.
The tribunal grants one week to respondents to file replies in three interconnected interim applica
Noble Co-operative Bank Liquidation Adjourned to July
NCLT Allahabad Bench adjourns Noble Co-operative Bank liquidation proceedings to July 15, 2026.
New liquidator appointed on May 4, 2026, requires time to prepare a progress report.
Case CP (IB) No.17/
Supreme Court Deletes KENCES Constructions from Appeal
Supreme Court heard petition for special leave to appeal (Ashish Vyas v. C. Elumali) arising from Madras High Court judgment dated 15‑10‑2024.
Court previously ordered that resolution applicant KENCES
Valecha Engineering Allots 95% Stake to Aether & JK
Valecha Engineering discloses substantial share acquisition filings by Aether Perspectives LLP and J K Solutions Private Limited under SEBI SAST Regulations.
Aether Perspectives LLP was allotted 99,13