Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
NCLAT dismissed a contempt appeal, holding no wilful disobedience occurred and affirming that an order dropping contempt proceedings is not appealable.
NCLT admitted an operational debt insolvency petition of ₹3.96 crore, ruling that post-petition mediation cannot retroactively create a pre-existing dispute under Section 8(2) of IBC.
NCLAT has ruled that a claim based on liability determined after liquidation initiation cannot be admitted if filed outside the claims deadline, rejecting reliance on the date of crystallisation.
NCLAT dismissed a contempt appeal, ruling no wilful disobedience occurred and reaffirming that no appeal lies against a tribunal's decision to drop contempt proceedings.
NCLT admitted an insolvency application for ₹3.96 crore despite claims of a pre-existing dispute, holding that post-petition mediation cannot retroactively create a dispute under Section 8 of the IBC.
NCLAT dismissed a contempt appeal, ruling no wilful disobedience was shown and affirming that an order dropping contempt proceedings isn’t separately appealable. The decision clarifies procedural limits in IBC enforcement.
NCLT admitted an insolvency petition involving ₹3.96 crore in operational debt, rejecting the defence of pre-existing dispute based on post-petition mediation. The ruling clarifies that disputes raised after filing cannot qualify as pre-existing under Section 9(3)(c) of IBC.
NCLAT dismissed an appeal holding that a claim based on liability determined post-liquidation initiation cannot be admitted outside the statutory timeline for claims. The ruling reinforces strict compliance with claim submission timelines under the IBC.
IBBI issues structured compliance guidelines for resolution professionals, CoC, and corporate debtors in real estate CIRP cases, emphasizing documentation, timelines, and decision thresholds. The checklist supports implementation of the 66% voting rule for project retention.
NCLT admitted a ₹7.28 crore insolvency petition, ruling that commercial viability is not a valid ground to reject CIRP. Loan records and NeSL data confirmed financial debt and default.
NCLT has directed liquidation after no resolution applicants emerged and company assets were valued at nil. The sole financial creditor approved the move, clearing the path for winding up.
NCLT has admitted an insolvency application against SBCC Infra for defaulting on ₹5.14 crore of railway construction dues. The tribunal found no pre-existing dispute, relying on documentary evidence to establish the debt and default.