News (Corporate)

State Bank of India v. Venugopal Dhoot, REEDLAW 2026 NCLAT Del 05540

NCLAT held that assets of subsidiary companies, including foreign assets, cannot be included in the CIRP of the holding company and upheld CoC commercial wisdom regarding implementability of the resolution plan.

May 221 min read

NCLAT Holds Subsidiary and Foreign Assets Cannot Form Part of Holding Company CIRP under IBC

May 223 min read

Dharamveer Singh Magan Singh Shekhawat and Others v. Dharmendra Dhelariya and Others, REEDLAW 2026 NCLAT Del 05524

NCLAT held that only transactions meeting all statutory ingredients under Section 43, including antecedent debt and creditor benefit, qualify as preferential transactions.

May 141 min read

Preferential Transaction under Section 43 Requires Antecedent Debt and Creditor Benefit: NCLAT Partly Sets Aside Avoidance Order

NCLAT held that only transactions meeting all statutory ingredients under Section 43, including antecedent debt and creditor benefit, qualify as preferential transactions.

May 143 min read

One City Infrastructure Private Limited and Another v. Anil Matta, REEDLAW 2026 NCLAT Del 05520

NCLAT holds that appeals against split opinions of NCLT members are not maintainable while the matter is pending before a Third Member for final adjudication.

May 141 min read

Maintainability of Section 61 Appeal Against Split NCLT Orders Denied as Premature by NCLAT

NCLAT holds that appeals against split opinions of NCLT members are not maintainable while the matter is pending before a Third Member for final adjudication.

May 142 min read

Hotel Horizon Private Limited v. Tea4Health Private Limited, REEDLAW 2026 NCLAT Del 05503

NCLAT reiterates that a substantiated pre-existing dispute bars CIRP initiation under Section 9 of the IBC, even where the operational debt exceeds the statutory threshold.

May 121 min read

Pre-Existing Dispute Bars Section 9 CIRP Initiation Despite Debt Threshold Satisfaction under IBC

NCLAT reiterates that a substantiated pre-existing dispute bars CIRP initiation under Section 9 of the IBC, even where the operational debt exceeds the statutory threshold.

May 123 min read

Sunil Surendrabhai Kakkad v. Samir Ganeshbhai Marathe and Another, REEDLAW 2026 NCLAT Del 05502

NCLAT held that foreign travel permission in bankruptcy proceedings cannot be granted once the underlying contract expires and the relief becomes infructuous.

May 111 min read

Foreign Travel in Bankruptcy Denied After Contract Expiry: NCLAT Clarifies Infructuous Relief Principle

NCLAT held that foreign travel permission in bankruptcy proceedings cannot be granted once the underlying contract expires and the relief becomes infructuous.

May 112 min read