Tag
Insolvency
75 articles
The Indian insolvency landscape is marked by a series of procedural developments at the National Company Law Appellate Tribunal (NCLAT). Numerous appeals related to ongoing insolvency proceedings have been adjourned, including cases involving Jaiprakash Associates, Innovative Studios, and Maithan Ispat, reflecting the complex and protracted nature of these resolutions. Beyond procedural delays, the Supreme Court has endorsed a settlement involving Nobal and Kindle, while NCLAT has stayed an auction of personal guarantors' assets, highlighting the ongoing legal battles and financial uncertainties within the insolvency framework. These developments underscore the continued scrutiny and evolving legal interpretations surrounding India’s insolvency resolution process, potentially impacting investor timelines and recovery prospects.
NCLAT Adjourns Innovative Studios Liquidation Appeals
NCLAT Chennai adjourns two company appeals related to the liquidation of Innovative Studios Pvt. Ltd.
The appeals were listed for a hearing on 17th August 2026 but were postponed to 8th September 2026
NCLAT Chennai Adjourns Empee Distilleries Share Ownership Appeals
NCLAT Chennai hears interconnected appeals concerning ownership of 87% pledged shares in Appollo Distilleries & Breweries Pvt Ltd.
Appeals challenge CIRP admission of Appollo Distilleries and dismissa
EPFO Seeks 93-Day NCLAT Filing Extension
Employees Provident Fund Organisation files application to condone 93-day delay in refiling appeal.
Delay attributed to internal approvals, administrative processing, and counsel's other court commitm
NCLAT Adjourns Phenix Building vs Rajgreen Amusement Appeal
NCLAT Principal Bench adjourns insolvency appeal hearing to September 25, 2026.
Appeal filed by Phenix Building Solutions against Rajgreen Amusement Park.
Both parties represented by legal counsel dur
NCLAT Lists Jaiprakash Associates Insolvency Appeal
NCLAT Principal Bench schedules hearing for insolvency appeal involving Jaiprakash Associates Ltd and Velocity Enterprises.
The appeal, numbered Company Appeal (AT) (Insolvency) No. 538 & 539 of 2026,
NCLAT Adjourns Shark Mines vs Maithan Ispat Appeal
NCLAT Principal Bench adjourns Company Appeal (AT) (Insolvency) No. 727 of 2024 to September 11, 2026.
Appeal involves insolvency matter between Shark Mines & Minerals Pvt Ltd and Maithan Ispat Ltd.
L
NCLAT Lists Multimet Techfab vs Liquidator Hearing
NCLAT schedules hearing for Multimet Techfab's appeal against liquidator of Reagent Granito India for September 3, 2026.
Respondent granted 5 days to file hard copy of reply while appellant waives rig
NCLAT Lists Angle Infrastructure Insolvency Appeals
NCLAT lists two connected insolvency appeals for Angle Infrastructure Pvt. Ltd. for a future hearing.
Appeals were filed by Geeta Mehrotra & Ors. and Harshit Mehrotra against the Resolution Profession
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 Lists BHEL Insolvency Appeals for Hearing
NCLAT lists two insolvency appeals involving Bharat Heavy Electricals Ltd for hearing on 18 August 2026.
Appeal 500 involves Avil Menezes as liquidator of Sunil Hitech Engineers Ltd versus an unnamed
NCLAT Lists Indian Overseas Bank Appeal for September
NCLAT Principal Bench lists Company Appeal (AT) (Insolvency) No. 489 of 2022 for next hearing on 24.09.2026.
The appeal is filed by Indian Overseas Bank against respondent Keshar Multiyarn Mill Ltd.
T
SRV Investments vs Rahul Jindal NCLAT Hearing
NCLAT Principal Bench schedules hearing for Company Appeal (AT) (Insolvency) No. 830 of 2026.
Appellant SRV Investments is represented by advocates Ms. Anju Jain, Mr. Hitesh Sachar, and Ms. Monika.
Th
NCLAT Adjourns IDBI Bank Insolvency Appeals to September
NCLAT adjourns two interconnected insolvency appeals involving IDBI Bank Ltd. and Dinesh Shahra to September 1, 2026.
The appeals, numbered 299 and 534 of 2024, were heard in a hybrid mode by a three-
NCLAT Adjourns Sanidhya Industries Contempt Case
NCLAT adjourns contempt case filed by Sanidhya Industries LLP against Yashwant Co-Operative Bank to October 12, 2026.
The case arises from Company Appeal (AT) (Insolvency) No. 257 of 2020, indicating
NCLAT Stays Tamilnad Mercantile Bank Guarantor Auction
NCLAT stays auction of personal guarantors' assets scheduled for August 20, 2026, conditional on Rs 5 crore payment by August 18.
Appellants have repaid Rs 1 crore and promise additional Rs 5 crore ag
NCLAT Adjourns Empee Distilleries Share Ownership Appeals
NCLAT Chennai adjourns hearing for four interconnected appeals concerning ownership of Appollo Distilleries shares pledged by Empee Distilleries.
Appeals challenge orders related to CIRP of both Empee
Supreme Court Approves Rs139.5 Cr Settlement
Supreme Court allowed impleadment of Kindle Infraheights, Campbell Advertising and Sikka family members as respondents in Civil Appeal No.3359/2026.
Court endorsed a composite settlement covering Noba
TV Vision Q1 FY27 Net Loss ₹362.35 Lakhs Under CIRP
TV Vision Limited reports unaudited standalone net loss of ₹362.35 lakhs for Q1 FY27 amid Corporate Insolvency Resolution Process (CIRP) initiated by NCLT.
Auditors issue qualified review report citin
Supreme Court Dismisses ASREC Appeals, Grants Filing Permission
Supreme Court dismissed civil appeals of ASREC (India) Ltd against Sandeep Mittal & ors, upholding NCLAT’s decision.
Court granted permission to file appeal in Diary No.44850/2024 and condoned delay f
Sun Paper Ltd. Wins NCLAT Appeal on ₹2 Crore EMD
NCLAT Chennai Bench allows Sun Paper Ltd.'s appeal against an order to deposit ₹2 crore EMD during Servalakshmi Paper Ltd.'s liquidation.
The Tribunal ruled that a scheme proponent bears no liability
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
Bliss Abode NCLAT Appeal on Office Possession Dispute
Bindu Kapoor appeals NCLT order mandating handover of Bliss Abode's registered office to Resolution Professional.
Enforcement Directorate claims constructive possession, alleges violation of FEMA trib
Devashree Developers NCLAT Hearing Adjourned to August 2026
NCLAT Principal Bench adjourns hearing for Comp. App. (AT) (Ins) No. 1005 & 1006 of 2025 to 14 August 2026.
Appeal involves Devashree Developers Pvt. Ltd. & Ors. as appellants versus Sanjay Mahipal &
Parsvnath Developers NCLAT Appeal Hearing Scheduled
NCLAT lists insolvency appeal involving Parsvnath Developers Ltd for hearing on August 20, 2026.
Appeal filed by Rajeev Dhawan against Interim Resolution Professional Manoj Kumar Anand.
Tribunal bench
NCLAT Adjourns Ashiana Ispat Director Appeal
NCLAT Principal Bench adjourned an insolvency appeal filed by Naresh Chand, suspended director of Ashiana Ispat Pvt Ltd.
The appeal, listed for hearing on August 13, 2026, was deferred due to the Benc
NCLAT Adjourns Girnar Fibres vs Proma Industries Appeal
NCLAT adjourned hearing for Comp. App. (AT) (Ins) No. 835 of 2025 to August 14, 2026.
The appeal involves Girnar Fibres Ltd. as appellant versus Proma Industries Ltd. as respondent.
Both parties were
NCLAT Lists Girnar Fibres vs Proma Industries Appeal
NCLAT Principal Bench lists Comp. App. (AT) (Ins) No. 835 of 2025 for next hearing on 15.09.2026.
Appeal involves Girnar Fibres Ltd. as appellant against respondent Proma Industries Ltd.
Order dated 1
NCLAT Lists IndusInd Bank vs Yes Bank Appeal
NCLAT lists IndusInd Bank's appeal against NCLT order admitting Ideal Real Estate to CIRP.
Appeal disputes inclusion of two projects where IndusInd holds exclusive charge in CIRP.
Case adjourned to Se
YES BANK ₹281.44 Crore DoT Bank Guarantee Invoked
YES BANK discloses DoT invoked ₹281.44 crore bank guarantees for spectrum payments under SEBI Regulation 30.
The borrower is undergoing insolvency since 2018 with bank's claim already admitted in proc
India Power Corporation's ₹6.65 Crore Bank Guarantee Invoked
India Power Corporation Limited discloses invocation of ₹6.65 crore bank guarantee by MSEDCL for 133 MW solar project.
The company is under Corporate Insolvency Resolution Process with NCLT Hyderabad
RCOM DoT Invokes ₹802 Crore Spectrum Bank Guarantees
DoT invoked financial bank guarantees worth ₹801.91 crore due to RCOM's alleged default on deferred spectrum payments.
The invocation covers guarantees from Yes Bank, Punjab National Bank, Canara Bank
Reid & Taylor Appeal Dismissed, Supreme Court
Supreme Court dismissed civil appeals 6355‑6358/2013 filed by Reid & Taylor (India) Ltd against Karnataka for default.
The appellant is under liquidation, with affairs managed by Official Liquidator R
SVP Global Q1 Net Loss of ₹5.12 Crore
• SVP Global Textiles reported a consolidated net loss of ₹511.59 lakhs for Q1 FY2027, with no revenue from operations.
• The Board appointed Mrs. Aradhana Nayak as an Additional Non-Executive Indepen
SVP Global Textiles Q1 Net Loss ₹511.59 Crore
SVP Global Textiles reported a consolidated net loss of ₹511.59 crore for Q1 FY27, with zero revenue from operations.
The company appointed Mrs. Aradhana Nayak as an Independent Director, subject to s
Aksh Optifibre Q1 Net Profit Rs 537.74 Lakhs
Aksh Optifibre reported unaudited standalone net profit of Rs 537.74 lakhs for Q1 June 2026, a significant improvement from Rs 33.83 lakhs in Q4 March 2026.
The company is undergoing Corporate Insolve
NCLAT Adjourns DBS Bank India Insolvency Appeals
NCLAT grants final adjournment in two insolvency appeals against DBS Bank India Ltd.
Appellants Aamir Ahmed and Naushad Ahmed were absent for multiple call-overs.
Tribunal orders listing on August 11,
NCLAT Adjourns DBS Bank India Insolvency Appeals
NCLAT Principal Bench adjourns two connected insolvency appeals against DBS Bank India Ltd. to September 23, 2026.
Appeals Comp. App. (AT) (Ins) No. 245 and 255 of 2026 were filed by appellants Aamir
NCLAT Adjourns Eco Solis Insolvency Appeal to September
NCLAT adjourns Company Appeal (AT) (Insolvency) No. 15 of 2026 filed by Eco Solis Pvt. Ltd. to 24th September 2026 for further hearing.
The appeal involves respondents Rajesh Ramani (Resolution Profes
NCLAT Lists ASREC India Appeal for August 2026
NCLAT Principal Bench lists ASREC (India) Ltd's appeal against Lakhabhai Bhikabhai Vagh & Ors for next hearing on 13 August 2026.
The appeal was heard in hybrid mode with advocates representing both a
Micro Turner NCLAT Appeal Against CoC Reserved
NCLAT Principal Bench reserves judgment in Micro Turner's appeal against Committee of Creditors.
Case involves insolvency proceedings with appellant represented by Siddharth Batra and Shivani Chawla.
NCLAT Grants Time Extension in Insolvency Appeal
NCLAT Principal Bench grants two weeks to respondents for filing reply in insolvency appeal.
Appellant Committee of Creditors of International Mega Food Park Ltd. may file rejoinder within seven days.
NCLAT Adjourns Isolux Corsan Liquidator Appeal
NCLAT adjourns hearing for Comp. App. (AT) (Ins) No. 101 of 2024 to August 11, 2026.
Appeal filed by liquidator of Isolux Corsan India Engineering against State Tax Officer.
No substantive proceedings
NCLAT Lists K.C Industries vs Pearson Drums Appeal
NCLAT Principal Bench schedules hearing for Company Appeal (AT) (Insolvency) No. 1976 of 2024 for September 22, 2026.
The appeal involves K.C Industries as appellant versus Pearson Drums & Barrels Pvt
NCLAT Adjourns Howrah Mills JM Financial ARC Appeals
NCLAT adjourned three interconnected appeals involving Howrah Mills Company Ltd. and JM Financial ARC until August 18, 2026.
The appeals involve a financial creditor (JM Financial ARC), operational cr
NCLAT Adjourns Karrm Infrastructure Insolvency Appeal
NCLAT adjourned two interconnected insolvency appeals involving Karrm Infrastructure and GIC Housing Finance to September 18, 2026.
The appeals challenge orders related to the Corporate Insolvency Res
NCLAT Dismisses Asif Siddique's ₹40 Crore Guarantee Appeal
NCLAT upholds NCLT Mumbai's order initiating insolvency against Asif Ahmed Siddique as personal guarantor for Nyka Steel.
Appellant argued guarantee capped at ₹40 crore and NPA classification was back
Hotel Horizon Insolvency Appeal Adjourned to August 13
NCLAT adjourns Hotel Horizon Pvt Ltd insolvency appeal hearing to August 13 after partial rebuttal submissions.
The appeal involves suspended director Vishal Sharma versus a consortium including Obero
NCLAT Adjourns Hotel Horizon Insolvency Appeal
NCLAT adjourned an insolvency appeal filed by Hotel Horizon's suspended director to a future date.
The appeal is against a consortium including Oberoi Realty and JM Financial Properties.
The matter wa
NCLAT Adjourns Candi Solar vs Roofsol Energy Appeal
NCLAT adjourns Company Appeal (AT) (Insolvency) No. 362 of 2026 to September 18, 2026.
The appeal involves Candi Solar IN 2 Pvt. Ltd. as appellant and Roofsol Energy Pvt. Ltd. as respondent.
The order
NCLAT Continues Interim Order in Jet Airways Appeal
NCLAT schedules Mack Star Marketing's appeal against Jet Airways liquidator for hearing on September 2, 2026.
The appellate tribunal orders the continuation of an existing interim order until the next
NCLAT Continues Interim Order in Jet Airways Appeal
NCLAT schedules Mack Star Marketing's appeal against Jet Airways liquidator for hearing on September 2, 2026.
The appellate tribunal orders the continuation of an existing interim order until the next
NCLAT Reserves Order in Talwalkars Insolvency Appeal
NCLAT reserves order in appeal filed by Ravikumar Patel against Talwalkars liquidator.
Appeal concerns insolvency proceedings of Talwalkars Better Value Fitness Ltd.
Hearing conducted in hybrid mode w
NCLAT Adjourns Canara Bank vs Rattanlndia Enterprises Appeal
NCLAT adjourns hearing of Canara Bank's insolvency appeal against Rattanlndia Enterprises to September 21, 2026.
The appeal involves a dispute between the nationalized bank and the corporate responden
NCLAT Adjourns SBI vs Garden Court Distilleries Appeals
NCLAT Principal Bench adjourns two interconnected insolvency appeals to next hearing date.
Appeals involve State Bank of India and Garden Court Distilleries Pvt. Ltd. with liquidator representation.
M
NCLAT Lists Sarvodaya Bank Insolvency Appeals
NCLAT lists two connected insolvency appeals for hearing on August 25, 2026.
Appeals are filed by Rashmiben Dineshbhai Lathidadia and Dineshbhai Premjibhai Lathidadia.
The respondent in both appeals i
NCLAT Adjourns Japna Estates Insolvency Appeals
NCLAT Principal Bench adjourns three interconnected insolvency appeals involving Japna Estates Pvt. Ltd. and homebuyers.
Appeals Comp. App. (AT) (Ins) No. 879, 880, and 1076 of 2025 were listed for he
NCLAT Adjourns Punjab National Bank Insolvency Appeals
NCLAT adjourns five interconnected insolvency appeals filed by Punjab National Bank against five individual respondents.
The matters were listed for hearing on August 13, 2026, but were adjourned due
NCLAT Adjourns Eco Solis Insolvency Appeal to September
NCLAT adjourns Eco Solis Pvt. Ltd.'s insolvency appeal against Ansal Urban Condominium to 24th September 2026.
The order was passed by a three-member bench led by Officiating Chairperson Justice Yoges
NCLAT Adjourns Unique Sugars Insolvency Appeal Hearing
NCLAT adjourned Company Appeal (AT) (Insolvency) No. 268 of 2024 to October 7, 2026, due to appellant counsel's medical emergency.
The appeal involves Pramod Chainsing Rajput versus Unique Sugars Ltd.
NCLAT Adjourns Sarda vs Aegis Resolution Appeal
NCLAT adjourns Company Appeal (AT) (Insolvency) No. 725 of 2026 to 21st September 2026 for further hearing.
The appeal involves appellant Santosh Kumar Sarda versus respondent Aegis Resolution Service
NCLAT Adjourns Praxis Home Retail Insolvency Appeals
NCLAT adjourned three interconnected insolvency appeals involving Praxis Home Retail and Aegis Resolution Services to September 23, 2026.
The appeals challenge proceedings related to the corporate ins
NCLAT Adjourns Hotel Horizon Insolvency Appeal
NCLAT adjourns Company Appeal (AT) (Insolvency) No. 566 of 2026 to 25th August 2026 at 3:00 PM.
Appeal filed by suspended director Vishal Sharma against a consortium of real estate and financial firms
NCLAT Adjourns Shree Ram Urban Insolvency Appeals
NCLAT Principal Bench adjourns multiple interconnected appeals and contempt cases related to Shree Ram Urban Infrastructures Ltd's insolvency to September 21, 2026.
Cases involve Resolution Profession
NCLAT Lists SKM Contractor vs GF Toll Road Appeal
NCLAT Principal Bench schedules hearing for Company Appeal (AT) (Insolvency) No. 711 of 2026.
Appeal involves SKM Contractor and Services Pvt. Ltd. versus G.F. Toll Road Pvt. Ltd. & Ors.
Next hearing
NCLAT Lists Anchor Leasing vs Sejal Realty Appeal
NCLAT Principal Bench schedules hearing for Anchor Leasing's insolvency appeal against Sejal Realty.
The appeal (Company Appeal (AT) (Insolvency) No. 915 of 2023) is listed for next hearing on 17 Sept
SVC Bank NCLAT Insolvency Appeal Adjourned to September
NCLAT adjourns SVC Co-Operative Bank Ltd's insolvency appeal against Arihant Nenawati to 16 September 2026.
The interim order in the case is directed to continue until the next hearing.
The appeal cha
NCLAT Adjourns Praxis Home Retail Insolvency Appeals
NCLAT adjourned three interconnected company insolvency appeals to September 23, 2026.
The appeals involve Aegis Resolution Services, Praxis Home Retail, and Hari Krushant Bhise.
The matter concerns t
Seya Industries Q1 FY27 Net Loss ₹71.49 Lakh
Seya Industries reports unaudited standalone Q1 FY27 results with a net loss of ₹71.49 lakh, submitted under CIRP regulations.
The company generated no operating revenue, with total income of ₹383.72
NCLAT Adjourns Grey's Exim Insolvency Appeals to August 24
NCLAT Principal Bench adjourns two interconnected insolvency appeals filed by Mehul Sedani, the Successful Resolution Applicant for Grey's Exim Pvt. Ltd.
The appeals are listed for the next hearing on
Talwalkars Fitness Q1 FY27 Net Loss ₹2.96 Lakh
Talwalkars Fitness reports Q1 FY27 unaudited standalone net loss of ₹2.96 lakh with zero revenue from operations.
Company operates under NCLT relief order with pre-transfer liabilities extinguished, b
Blue Blends Q1 FY27 Net Loss Widens to ₹5.89 Crore
Blue Blends reported a standalone net loss of ₹489.51 lakhs for Q1 FY27, widening from ₹65.09 lakhs in the previous quarter.
Revenue from operations stood at ₹593.25 lakhs, a significant decline from
Jatalia Global Ventures Q1 Net Loss ₹11.66 Lakh
Jatalia Global Ventures reported a standalone net loss of ₹11.66 lakh for Q1 June 2026, with total income of ₹2.34 lakh.
The company is undergoing Corporate Insolvency Resolution Process (CIRP) with M
AJR Infra Q1 Net Loss of ₹1.89 Billion
AJR Infra reported a consolidated net loss of ₹188.91 crore for Q1 FY27, with standalone loss at ₹1.32 crore, driven by an impairment provision in a subsidiary.
The auditor highlighted a material unce
Valecha Engineering Q1 Net Profit ₹0.18 Crore
Board approved Q1 FY27 unaudited standalone net profit of ₹0.18 crore and FY26 audited net loss of ₹9.43 crore.
Appointed Ms. Sheuli Sandeep Mujharjee as Non-Executive Independent Director and reappoi
Sadbhav Engineering Q1 FY27 Net Loss ₹973 Lakh
• Board approved Q1 FY27 unaudited results with standalone net loss of ₹973.49 lakh and consolidated net profit of ₹4,610.01 lakh.
• Statutory auditors issued a qualified review report citing uncertai