Tag
NCLT
77 articles
The National Company Law Appellate Tribunal (NCLAT) is currently managing a substantial volume of appeals and hearings related to ongoing insolvency proceedings and corporate restructurings. A recurring theme involves adjournments, with numerous cases, including those concerning Kalyani Steels, Maharashtra Seamless, and Agarpara Jute Mills, postponed to dates in December 2026 and November 2026. Beyond adjournments, NCLAT is revisiting resolution plans, as seen in the Bindawala Banijya case where the tribunal remanded the matter for reconsideration, and addressing disputes over property and asset sales within liquidation proceedings, exemplified by the Vikram Structures case. These developments highlight the complexities and protracted timelines inherent in India’s insolvency resolution process, potentially impacting creditors and resolution applicants alike.
Vattikuti Technologies Appeals NCLAT on Share Capital
Vattikuti Technologies appeals NCLT order rejecting its application to recall a 2024 share capital reduction.
The appellant, who originally sought the capital reduction, now seeks restoration of the o
NCLAT Directs Hearing on Axiomata Elevators Property Attachment
NCLAT disposes appeal by siblings challenging their impleadment in liquidation attachment proceedings.
Appellants claim property belongs to deceased father's estate and was partitioned excluding suspe
NCLAT Chennai Lists Canara Bank Appeals
NCLAT Chennai lists two appeals filed against Canara Bank for hearing on 8th October 2026.
Appellants Madhusudan Khemka and R. Sundaresh are challenging orders involving the bank.
The Tribunal directe
NCLAT Adjourns Anandaram Developers Liquidation Appeals
NCLAT Chennai adjourns two connected appeals to December 17, 2026.
Appeals challenge the liquidator's actions in Anandaram Developers Pvt. Ltd. insolvency.
Appellants are JDA Consultancy Services and
NCLAT Adjourns Santhosh Hospitals Liquidation Appeal
NCLAT Chennai adjourns IA No. 715/2021 to November 30, 2026, due to an ongoing Supreme Court stay order.
The appeal involves Dr. P. Mahalingam versus the liquidator and others of Santhosh Hospitals Pv
NCLAT Schedules Indu Employees Union Appeal Hearing
NCLAT Chennai schedules next hearing for December 11, 2026 in employee union appeal.
Appeal filed by Indu Employees Progressive Union against liquidator of Hindustan Photo Films.
Case involves liquida
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
NCLAT Orders Vikram Structures Liquidator Affidavit on Property Dispute
NCLAT Chennai directs liquidator Surender Devasani to file affidavit detailing property sale particulars in Vikram Structures liquidation.
Appellant Manish Kapoor claims purchase of commercial space a
Bindawala Banijya Ltd NCLAT Remands ₹21.91 Crore Plan
NCLAT sets aside NCLT order and remands case back for reconsideration of resolution plan implementation.
Appellant successful resolution applicant challenged NCLT order delaying implementation recordi
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
NCLAT Continues Tamilnad Mercantile Bank Interim Order
NCLAT Chennai continues interim orders in two linked insolvency appeals filed against Tamilnad Mercantile Bank.
The appeals (No.26/2026 and No.27/2026) involve appellants M. Shanmugam and S. Chandra v
Ceasan Glass NCLAT Appeal Adjourned to December 2026
NCLAT Chennai adjourns hearing for Company Appeal No. 408/2024 involving Ceasan Glass Pvt. Ltd. and its promoter.
The matter has been listed for the next hearing on 15th December 2026 with no substant
Kalyani Steels NCLAT Appeal Adjourned to December
NCLAT Chennai adjourns Kalyani Steels Ltd's appeal against Southern Power Distribution Company of TG Ltd to 7 December 2026.
The appeal concerns insolvency proceedings, with only the appellant's couns
NCLAT Adjourns SBI Insolvency Appeal Hearing
NCLAT Chennai adjourns two insolvency appeals filed against State Bank of India to late September and early October 2026.
Appellants Debashis Bose and Pragya Jhunjhunwala are represented by senior cou
NCLAT Chennai Lists Vision Broadband Appeal
NCLAT Chennai schedules hearing for Company Appeal (AT) (CH) No. 13/2025 to 21 December 2026.
Appeal involves Vision Broadband Services Pvt. Ltd. and another appellant versus SY Sri Kumar.
Appellants
NCLAT Adjourns Maharashtra Seamless Appeal Hearing
NCLAT Chennai adjourns Maharashtra Seamless Ltd's appeal hearing to December 14, 2026.
The appeal is against V. Venkatachalam, erstwhile Resolution Professional of United Seamless Tubulaar Pvt. Ltd.
T
NCLAT Extends Solar Semiconductor Interim Order
NCLAT Chennai extends an interim order from September 2025 until the next hearing date in December 2026 for two connected insolvency appeals.
The appeals involve Pradeep Kumar Sekar and Sri Nandi Buil
NCLAT Continues Interim Order in T&R Auto vs Kotak Case
NCLAT Chennai continues interim order in T&R Auto MD's appeal against Kotak Mahindra Bank.
Case listed for hearing on interim order on December 18, 2026.
Appeal filed by Ramkumar Reddy Satty, Managing
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
NCLAT Adjourns Agarpara Jute Mills Appeals to November
NCLAT Principal Bench adjourns three connected appeals involving Agarpara Jute Mills Ltd. due to lack of time.
The appeals, filed by Agarpara Company Ltd., Lakeview Agencies Pvt. Ltd., and Mahendra Sh
NCLAT Lists Concept Eduventures Insolvency Appeals
NCLAT Principal Bench lists two connected insolvency appeals filed by Kamal Agarwal, Monitoring Professional for Concept Eduventures Pvt. Ltd.
The appeals (Comp. App. (AT) (Ins) No. 1680 & 1703 of 202
NCLAT Adjourns Chemical Suppliers vs Yansefu Appeal
NCLAT Principal Bench adjourns Company Appeal (AT) (Insolvency) No. 1450 of 2024 due to paucity of time.
The appeal involves Chemical Suppliers India Pvt. Ltd. as appellant versus Yansefu Inks and Coa
NCLAT Lists Shree Sai Jagannath Appeal for Hearing
NCLAT Principal Bench lists appeal Comp. App. (AT) (Ins) No. 995 of 2022 for next hearing on 30.09.2026.
Appeal involves Shree Sai Jagannath as appellant versus Adhunik Metaliks Ltd. & Ors. as respond
NCLAT Adjourns Tayo Rolls Insolvency Appeals
NCLAT adjourned multiple appeals related to Tayo Rolls Ltd.'s insolvency proceedings to November 25, 2026.
Appeals involve Tata Steel Ltd., Jharkhand Bijli Vitran Nigam Ltd., and Suresh Narayan Singh
NCLAT Adjourns Multiple Avani Projects Insolvency Appeals
NCLAT adjourns five interconnected appeals related to Avani Projects & Infrastructure Ltd's insolvency proceedings to September 29, 2026.
Appellants include State Bank of India, Adone Hotels & Hospita
NCLAT Adjourns Motiwala & Sons Appeal to November 2026
NCLAT adjourned Company Appeal No. 89 of 2025 to November 23, 2026, due to paucity of time.
Any existing interim order in the case between Abdul Husein Motiwala and Motiwala & Sons Gold & Diamonds wil
NCLAT Adjourns Marathe Hospitality Appeals to November 2026
NCLAT adjourns two appeals filed by Marathe Hospitality against the Resolution Professional of Phadnis Resorts and Spa India Ltd.
The matters were not taken up due to paucity of time and are now liste
NCLAT Dismisses IMPPA Appeal on Section 244 Waiver
NCLAT upholds NCLT Mumbai's order granting waiver under Section 244(1)(b) of Companies Act 2013 to respondents.
Tribunal finds company petition maintainable as 209 consenting members met 1/5th thresho
NCLAT Issues Notices in Fly-Hi Marine, Gautam Chopra Appeals
NCLAT Principal Bench admits two connected appeals filed by Fly-Hi Marine Travels Pvt. Ltd. and Gautam Daniel Chopra against a common order.
The Tribunal directs issuance of notice to the sole respond
NCLAT Adjourns P.V Media Vision vs Saikrupa Photo Appeal
NCLAT adjourned Company Appeal (AT) (Insolvency) No. 1489 of 2024 due to paucity of time.
The appeal involves P.V Media Vision Pvt. Ltd. as appellant and Saikrupa Photo Offset Pvt. Ltd. as respondent.
NCLAT Lists Gigeo Construction Insolvency Appeals
NCLAT lists five interconnected appeals related to Gigeo Construction Company's insolvency proceedings for next hearing.
Appeals involve challenges from Subhash Buty HUF, Durga Patel, and MKS Constro
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 Revive Realty Appeal for September 2026
NCLAT Principal Bench lists Company Appeal (AT) (Insolvency) No. 381 of 2024 for next hearing on 22nd September 2026.
The appeal involves Kamal Kishore Gurnani (Erstwhile RP of Pranav Construction Sys
GE Power India NCLT Sanctions JSW Energy Scheme
NCLT Mumbai Bench sanctioned the scheme of arrangement between GE Power India and JSW Energy on October 1, 2026.
The scheme involves arrangement amongst GE Power India, JSW Energy, and their respectiv
JSW Energy NCLT Sanctions GE Power India Demerger
JSW Energy receives NCLT sanction order for demerger scheme with GE Power India.
The scheme approval follows shareholder and creditor meetings held in July 2026.
Company will intimate stock exchanges
Tata Steel NCLT Approves Rujuvalika Investments Amalgamation
NCLT Mumbai Bench sanctioned the Scheme of Amalgamation between Tata Steel and its wholly-owned subsidiary Rujuvalika Investments, effective from Appointed Date 1 April 2023.
The scheme aims to simpli
NCLAT Grants Accord Industries Liquidator Reply Time
NCLAT Principal Bench hears three connected appeals filed against the liquidator of Accord Industries Ltd.
The liquidator's counsel requests and is granted two weeks to file a formal reply to the appe
NCLAT Issues Notices in Vayam Technologies Insolvency Appeals
NCLAT consolidates two appeals (1661 & 1689 of 2026) filed against Ebix Vayam Technologies and BSNL.
Appellant challenges NCLT's direction to pay unquantified amount to Ebix Vayam, alleging violation
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
NCLAT Lists Suwarna Buildcon vs Sadbhav Engineering Appeal
NCLAT Principal Bench issues a procedural order listing an appeal between Suwarna Buildcon and Sadbhav Engineering.
The appeal, Comp. App. (AT) (Ins) No. 1275 of 2025, was heard in hybrid mode on 30 S
NCLAT Adjourns Brijnandan Industries Appeal to November 2026
NCLAT Principal Bench adjourns Company Appeal No. 343 of 2024 due to paucity of time.
The appeal involves Abhimanyu Singh & Ors. versus Brijnandan Industries Pvt. Ltd. & Ors.
New hearing date schedule
NCLAT Reserves Judgment in MIM Petro World Appeal
NCLAT reserves judgment in an insolvency appeal filed by the suspended management of MIM Petro World Private Limited.
The tribunal allows parties to file concise written submissions within five days,
NCLAT Postpones Motiwala & Sons Appeal Hearing
NCLAT postpones hearing for Company Appeal No. 89 of 2025 due to lack of time.
The appeal involves Abdul Husein Motiwala versus Motiwala & Sons Gold & Diamonds Pvt. Ltd.
Next hearing is scheduled for
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
GMP Technical Solutions vs Swiss Garnier Appeal Adjourned
NCLAT Chennai adjourns insolvency appeal hearing between GMP Technical Solutions and Swiss Garnier Genexiaa Sciences.
Appeal listed for next hearing on 09 December 2026 from original 30 September 2026
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
NCLAT Chennai Adjourns Santhosh Hospitals Insolvency Appeal
NCLAT Chennai adjourns IA No. 715/2021 to November 30, 2026, noting a continuing stay order from the Supreme Court.
The matter is an appeal in the insolvency proceedings of Santhosh Hospitals Pvt. Ltd
NCLAT Extends Solar Semiconductor Interim Order
NCLAT Chennai extends an interim order dated 10.09.2025 in an insolvency appeal concerning Solar Semiconductor Energy Systems.
The order will continue to operate until the next hearing date scheduled
Nakshatra Feeds NCLAT Appeals Adjourned to December 2026
NCLAT Chennai adjourns two appeals filed by Nakshatra Feeds India Ltd to December 18, 2026.
Appeals challenge actions of the Resolution Professional for Nexus Feeds Ltd in insolvency proceedings.
No a
NCLAT Adjourns RT Advisory vs Sardesai Engineering Appeal
NCLAT adjourned hearing for Company Appeal (AT) (Ins.) No. 1767 of 2024 due to lack of time.
The appeal involves R T Advisory Services LLP versus Sardesai Engineering Pvt. Ltd.
The matter has been rel
Siti Networks Discloses ₹1,206 Crore Loan Default
Siti Networks discloses ₹1,206.03 crore total default on bank loans and financial indebtedness as of September 30, 2026.
Company is under Corporate Insolvency Resolution Process since NCLT admission o
SITI Networks Defaults on ₹1,149 Crore Bank Loans
SITI Networks discloses default on term loan installments totaling ₹1,149 crore to multiple lenders including ARCIL and IDBI Bank.
The default occurred on August 31, 2026 and continues beyond 30 days
TVS SCS NCLT Bengaluru Sanctions SPC International Amalgamation
NCLT Bengaluru sanctioned the amalgamation of SPC International (India) Pvt Ltd into TVS Supply Chain Solutions Ltd, completing all required tribunal approvals.
The scheme has an appointed date of 01
Shree Pushkar Subsidiary Merger Withdrawn by NCLT
NCLT Mumbai Bench dismissed the Scheme of Amalgamation between Madhya Bharat Phosphate and Kisan Phosphates, both Shree Pushkar subsidiaries, allowing its withdrawal.
The withdrawal was requested by t
PPAP Automotive NCLT Convened Amalgamation Meetings
PPAP Automotive held NCLT-convened meetings for shareholder and creditor approval of Avinya Batteries amalgamation.
Meetings conducted via video conference on 30th September 2026 with e-voting from 26
NCLAT Adjourns Amav Developers LLP Appeal to November
NCLAT adjourned hearing for Comp. App. (AT) (Ins) No. 1299 of 2026 to 19 November 2026.
Appeal involves Amav Developers LLP versus Resolution Professional of Pushpanjali Realms and Infratech Ltd.
Benc
NCLAT Reserves Judgment in Sanjit Instruments Appeal
NCLAT Principal Bench reserves judgment in appeal filed by Sanjit Instruments Private Limited.
Parties directed to submit written submissions and cited judgments within one week.
The appeal is against
NCLAT Adjourns R T Advisory vs Sardesai Engineering Appeal
NCLAT adjourned Company Appeal No. 1767 of 2024 due to paucity of time.
The appeal involves R T Advisory Services LLP versus Sardesai Engineering Pvt. Ltd.
The matter has been rescheduled for hearing
NCLAT Lists Shaw vs Asthavinayak, Smartex Appeals for Settlement
NCLAT Principal Bench lists two combined company appeals for final orders on October 16, 2026, following a joint settlement announcement.
Parties in both appeals, Chandan Kumar Shaw vs Asthavinayak Po
Emess Promoters vs ROC NCLAT Adjournment Order
NCLAT adjourns Emess Promoters appeal against ROC and Income Tax Department to November 3, 2026.
Registrar of Companies absent despite service; court directs fresh Dasti notice service to both respond
NCLAT Lists Suryachandra Properties Appeal for November
NCLAT Chennai lists appeal by Suryachandra Properties against Registrar of Companies, Kerala for hearing on November 20, 2026.
The order issued on September 29, 2026, provides only a procedural update
NCLAT Adjourns Canara Bank Insolvency Appeals to October 6
NCLAT Chennai adjourns three interconnected insolvency appeals filed against Canara Bank to October 6, 2026.
The Appellate Tribunal continues an existing interim order until the next hearing date.
Res
NCLAT Adjourns Anandaram Developers Liquidation Appeals
NCLAT Chennai adjourns two appeals related to Anandaram Developers Pvt. Ltd. liquidation to December 17, 2026.
Appeals filed by JDA Consultancy Services and Jayapushpam Investments against liquidator
NCLAT Schedules Maharashtra Seamless Appeal Hearing
NCLAT Chennai lists appeal by Maharashtra Seamless Ltd against erstwhile RP for next hearing on 14 December 2026.
The order dated 29 September 2026 is a procedural directive to schedule the appeal's f
NCLAT Adjourns GKC Projects Tax Case to December
NCLAT Chennai adjourns GKC Projects Ltd's appeal against a State Tax Officer to December 2026.
The case involves a tax dispute between the company and the State Tax Officer, Pudukottai.
The matter was
Manjeera Realty LLP NCLAT Appeals Adjourned to December 2026
NCLAT Chennai adjourns two insolvency appeals filed by Manjeera Realty LLP to December 15, 2026.
Appeals involve disputes with Manjeera Constructions Ltd. and Valentis Laboratories Pvt Ltd.
The order
NCLAT Admits Chetan Doshi Appeal Against CIRP Initiation
NCLAT admits appeal by minority shareholder Chetan Doshi challenging collusive insolvency initiation against CMP Euro Technoplast.
Appellant alleges CIRP under Section 7 of IBC was initiated collusive
XL Energy Q1 FY27 Net Profit Rs 271.27 Lakhs
XL Energy's Monitoring Committee approved unaudited Q1 FY27 financial results showing a net profit of Rs 271.27 lakhs versus a loss in the previous quarter.
The company remains under an NCLT-approved
Ansal Properties FY26 Standalone Net Loss ₹162.93 Crore
Ansal Properties reported audited standalone FY26 results with a net loss of ₹162.93 crore and disclosed inability to file consolidated results due to CIRP in subsidiaries.
The Board noted it will not
Winsome Yarns Q1 FY27 Loss ₹3.32 Cr Post-NCLT Resolution
Winsome Yarns reported Q1 FY27 unaudited standalone net loss of ₹3.32 crore with negative net worth, pending full implementation of NCLT-approved resolution plan.
NCLT Chandigarh approved ₹162.90 cror
Praxis Home Retail Q1 FY27 Net Loss ₹11.06 Crore
Praxis Home Retail provided NSE clarification on inadvertent filing errors in its Q1 FY27 unaudited financial results submission.
Company reported a net loss of ₹11.06 crore for quarter ended June 30,
CMI Limited FY26 Audited Results with Qualified Opinion
CMI Limited reported audited FY26 results under CIRP, with a net loss of ₹113.58 crore and a qualified audit opinion.
The Resolution Professional approved results showing revenue decline to ₹553.41 cr
CMI Limited Q3 FY26 Net Loss of ₹179.30 Lakh
CMI Limited files unaudited financial results for Q3 and 9M FY26, reporting a net loss of ₹179.30 lakh and ₹786.70 lakh respectively, under the ongoing Corporate Insolvency Resolution Process (CIRP).
Shivom Investment CIRP Exit Regularizes Backlogged Results
Board approved audited financial results for Q4 FY25 and Q1 FY26 to clear backlog from CIRP period.
NCLT approved resolution plan on 18-Aug-2025 cancels existing capital, issues new shares to creditor
Nova Iron & Steel Q1 Net Profit Rs 85.87 Lakh
Nova Iron & Steel reported Q1 FY27 unaudited net profit of ₹85.87 lakh versus a loss of ₹534.79 lakh in Q4 FY26.
The company transitioned from manufacturing to steel trading after losing its manufactu
Rathi Graphic Post-CIRP Annual Report Submission
Rathi Graphic Technologies submitted its FY25-26 annual report and notice for its 2nd post-CIRP AGM scheduled for September 30, 2026.
The company reported no operational revenue and a net loss of ₹106
Shree Rajeshwaranand Paper Mills Post-CIRP Annual Report
Company filed its Annual Report for FY 2025-26 and notice for 35th AGM to be held on September 26, 2026 via video conference.
Report discloses a net loss of ₹30.46 lakhs with minimal revenue of ₹0.02