NCLTcorporateinsolvency
NCLT Denies Liquidation Status to Jet Lite Employees
The NCLT ruled that employees of Jet Lite cannot be recognized as workmen of Jet Airways during liquidation due to their payroll status.
Jul 17, 2026Read more →
Court News
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
Calcutta High Courtcorporateinsolvency
Calcutta HC Stays NCLT-Ordered Administrator Meeting, Grants Time Till July 13 to Approach NCLAT
The Calcutta High Court has stayed an NCLT-ordered administrator meeting, allowing petitioners additional time to seek appellate redress.
Jul 11, 2026Read more →
NCLATcorporateinsolvency
NCLAT Sets Aside Insolvency Admission against Vikram Solar
The NCLAT has overturned an admission of insolvency against Vikram Solar, citing the claim was below the threshold of ₹1 Crore. The tribunal ordered the refund of the deposited amount.
Jul 10, 2026Read more →
NCLTcorporateinsolvency
Default under Post-Dispute Settlement Deed Not “Operational Debt” Under IBC
The NCLT has dismissed an insolvency plea regarding defaults under a post-dispute settlement deed, emphasizing that such breaches must be pursued in a suitable forum for resolution and are not considered operational debts under the IBC.
Jul 10, 2026Read more →
Calcutta High Courtinsolvencycorporate
Consent Decree Passed During CIRP Moratorium: Calcutta HC Refuses Ad-Interim Injunction
The Calcutta High Court denied an ad-interim injunction related to a consent decree during a CIRP moratorium, citing the absence of necessary documentation.
Jul 2, 2026Read more →
NCLTcorporateinsolvency
TReDS Invoice Discounting Exempt from Financial Debt Classification
In a recent ruling, the NCLT clarified that financing under the TReDS framework is not considered financial debt and does not involve disbursing funds to the corporate debtor.
Jul 1, 2026Read more →
NCLTcorporateinsolvency
TReDS Invoice Discounting Not Financial Debt under IBC: NCLT
The NCLT has ruled that financing through the TReDS platform does not equate to financial debt under the IBC, as it merely involves the assignment of trade receivables.
Jun 30, 2026Read more →
NCLTcorporateinsolvency
Assignment of Trade Receivables Cannot Change Operational Debt to Financial Debt: NCLT
NCLT rules that merely assigning trade receivables does not alter the nature of the debt from operational to financial under the IBC.
Jun 30, 2026Read more →
N/Acorporateinsolvency
ICSI Advocates DRT Appearance Rights for Company Secretaries
ICSI has requested legal amendments to allow Company Secretaries to appear before Debt Recovery Tribunals, highlighting their expertise.
Jun 30, 2026Read more →
NCLTinsolvencycorporate
Unexecuted Agreements Not Considered Operational Debt: NCLT Delhi
The NCLT Delhi has dismissed Jiostar India's insolvency plea regarding unexecuted agreements, stating they do not qualify as operational debt under Section 9 of the IBC.
Jun 8, 2026Read more →
NCLATcorporateinsolvency
Justice Yogesh Khanna Appointed Officiating Chairperson of NCLAT
The government has appointed Justice Yogesh Khanna as the officiating Chairperson of the NCLAT to ensure the tribunal continues its operations without disruption.
Jul 14, 2026Read more →
insolvency
NCLT Admits ₹11.83 Crore Insolvency Plea Based on Financial Debt Evidence
The NCLT has admitted an insolvency plea for ₹11.83 crore, confirming financial debt through bank records and substantiated default.
Aug 29, 2026Read more →