Tag
NCLT/NCLAT
10 articles
Indian corporate insolvency proceedings continue to face delays and adjustments as demonstrated by recent NCLAT (National Company Law Appellate Tribunal) hearings. Several cases, including appeals related to Enervision Services, Core Hotels, Pithadai Construction, and Vijai Spinners, have been adjourned to dates in July 2026, reflecting the complex and protracted nature of these legal battles. Notably, NCLAT granted an interim stay on insolvency proceedings against Pithadai Construction, contingent on a financial deposit, highlighting the ongoing scrutiny of insolvency initiation decisions. These ongoing proceedings underscore the challenges in resolving distressed assets and could impact the timelines and outcomes for creditors, debtors, and resolution professionals involved, potentially creating uncertainty for investors in the Indian corporate sector.
Garden Court Distilleries NCLAT Appeal Liquidation Concessions
Garden Court Distilleries appeals NCLT order rejecting its application for reliefs and concessions as successful auction purchaser of Honest Derivatives Ltd.
The NCLT rejected the application citing a
NCLAT Lists Milind Patil vs Sanjay Founders Hearing
NCLAT Principal Bench schedules a hearing for Company Appeal No. 154 of 2024 for July 29, 2026.
The appeal involves a dispute between appellant Milind Patil and respondent Sanjay Founders Pvt. Ltd. &
Deepak Modi Offers ₹17 Lakh Shalfeyo Settlement
NCLAT hears appeal by suspended director Deepak Modi offering ₹17 lakh full settlement to operational creditor Shalfeyo Industries.
Appellant argues creditor is misusing CIRP for recovery instead of a
NCLAT Adjourns Viratra Export Insolvency Appeal Hearing
NCLAT Principal Bench adjourns hearing for I.A. No.4353 of 2026 in Company Appeal (AT) (Ins) No.1609 of 2025.
Matter involves appellant Sachin Naveen Sinha versus respondent Viratra Export Pvt. Ltd. &
NCLAT Adjourns Oriental Rubber Industries Appeal to July 17
NCLAT Principal Bench adjourned hearing for Company Appeal No. 307 of 2025 and related contempt case to July 17, 2026.
The appeal involves Poonam Makar & Anr. as appellants versus Oriental Rubber Indu
NCLAT Lists Kovai Purani Finance Appeal for August 2026
NCLAT Chennai lists Company Appeal No.93/2025 for admission hearing on August 13, 2026.
The Tribunal orders continuation of any existing interim order until the next hearing date.
The appeal involves
NCLAT Directs Deepak Modi Affidavit on ₹17 Lakh Settlement
NCLAT hears appeal by suspended director Deepak Modi offering ₹17 lakh full settlement to operational creditor Shalfeyo Industries.
Operational creditor's counsel raises procedural hurdles regarding F
NCLAT Adjourns Innovative Studios Liquidation Appeals
NCLAT Chennai adjourns two company appeals related to liquidation of Innovative Studios Pvt. Ltd. to August 17, 2026.
The appeals were listed for admission after notice with no appearance from the app
NCLAT Lists JSM Aggregates Appeals for Admission
NCLAT Chennai lists two appeals (AT(CH) No. 100/2025 and 101/2025) for admission hearing on 03.09.2026.
The appeals involve M/s. JSM Aggregates and Sands Pvt. Ltd. as the common respondent in both cas
Supreme Housing Director Appeals NCLAT Insolvency Order
NCLAT lists appeal by Supreme Housing director against insolvency order for hearing on July 6, 2026.
Appellant Bhawanishankar Sharma permitted to file an affidavit within one week of the order.
Case i