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NCLAT Rules Promoters Not Liable Under Section 65 IBC Without Direct Role in Fraudulent Initiation of CIRP
The NCLAT ruled that promoters cannot be held liable under Section 65 of the IBC unless they had a direct role in the fraudulent...
Jun 16, 20253 min read


NCLAT Denies Post-Argument Filing of Reply; Upholds Finality of Tribunal Proceedings
The NCLAT denied the filing of a reply after conclusion of arguments and upheld the finality of proceedings before the Tribunal. On 2...
Jun 15, 20253 min read


NCLAT Dismisses Time-Barred Appeal Under IBC Section 61 as per Supreme Court Verdict on Non-Extendable Limitation
The NCLAT dismissed a time-barred appeal filed under Section 61 of the Insolvency and Bankruptcy Code, holding that the limitation period...
Jun 14, 20253 min read


NCLAT Grants Conditional Relief from CIRP Based on Undertaking to Settle Debt Within One Month
The NCLAT granted conditional relief from the Corporate Insolvency Resolution Process (CIRP) to the appellant, based on an undertaking to...
Jun 14, 20253 min read


NCLAT Rejects Conditional Withdrawal of Appeal Citing Finality of Supreme Court-Confirmed Property Sale
The NCLAT rejected the conditional withdrawal of the appeal, citing the finality of the property sale as confirmed by the Supreme Court....
Jun 13, 20253 min read


Supreme Court: Developer Not Liable for Home Loan Interest Due to Delay in Flat Delivery, Absent Exceptional Circumstances
The Supreme Court held that a developer is not liable to reimburse the interest paid by a homebuyer on a home loan due to a delay in flat...
Jun 13, 20253 min read


Suspension of Insolvency Professional’s AFA Doesn’t Affect Ongoing Assignments: Delhi High Court
Delhi High Court held that the suspension of an Insolvency Professional’s Authorisation for Assignment (AFA) does not affect ongoing...
Jun 12, 20252 min read


Pre-Existing Dispute over Legal Fees Bars CIRP: NCLAT Affirms Dismissal of Section 9 Petition by Senior Advocate for Non-Payment of Professional Services
NCLAT held that the existence of a pre-existing dispute precluded the initiation of CIRP and accordingly upheld the dismissal of the...
Jun 12, 20253 min read


NCLAT Chennai Dismisses Byju’s Appeal Against NCLT’s Interim Order in Aakash Shareholding Dispute
The National Company Law Appellate Tribunal (NCLAT), Chennai, dismissed Byju’s appeal challenging the interim order passed by the NCLT in...
Jun 11, 20253 min read


NCLAT Sets Aside Adverse Observations Against Resolution Professional Misattributed from CoC Member’s Submissions
The NCLAT set aside the adverse observations made against the Resolution Professional, holding that they were incorrectly based on...
Jun 10, 20253 min read
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