NCLT

The National Company Law Tribunal (NCLT) approved 78 resolution plans involving a total amount of Rs 5,517.66 crore in the three months ended June. It also marked the "highest-ever first quarter performance in terms of approval of resolution plans since the enactment of the Insolvency and Bankruptcy Code, 2016 (IBC)," the tribunal said in a report. The IBC provides for time-bound and market-linked resolution of stressed assets and the final resolution is approved by the tribunal. In the June quarter, the tribunal cleared 78 resolution plans that involved a total amount of Rs 5,517.66 crore, the report said. Till June 30 this year, the tribunal has given its nod for 1,628 resolution plans, involving an aggregate approved value of over Rs 4.78 lakh crore. "As on June 30, 2026, 349 applications seeking approval of resolution plans continued to remain pending before different benches of the NCLT, while 38 matters had already been heard and reserved for orders," the report on its websi

The Supreme Court upheld the revival of insolvency proceedings against Parsvnath Developers, ruling that settlement negotiations cannot delay admission once debt and default are established

The Supreme Court has upheld the rejection of an insolvency plea against Essar Power Gujarat, holding that a genuine pre-existing dispute barred proceedings under the IBC

The suppliers allege the EV maker's operating arm owes more than Rs 40 crore in unpaid dues and have asked the NCLT to initiate insolvency proceedings

The Supreme Court set aside an NCLT order over AI-generated fake precedents, directing zero tolerance for citing hallucinated judgments in courts

The apex court quashed an NCLT insolvency order after finding reliance on non-existent AI-generated judgments, warning that even a single fake precedent can invalidate a judicial decision

Pune-based developer Mantra Group has won the stalled Worli project through the insolvency resolution process, marking its third acquisition in Mumbai within a year

JAL is being delisted following its acquisition by Adani Group through insolvency, and as per the resolution plan approved by the National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj.

Naseer and his family argued that they had not provided a direct guarantee to the banks, and insolvency proceedings could not be initiated against them

A division bench comprising Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar admitted the application through an oral order

The Mumbai bench of the NCLT admitted SBI's application seeking recovery of more than Rs 1,200 crore from Ambani under provisions of the Insolvency and Bankruptcy Code

Resolution plans approved under the Insolvency and Bankruptcy Code declined in FY26, while recoveries against admitted claims dropped sharply, raising concerns over resolution outcomes

A decade after the IBC transformed India's debt recovery framework, mounting delays and falling recoveries are testing the reform's effectiveness

Apollo HealthCo is expected to achieve cash breakeven by Q1FY27 as Apollo Hospitals advances a restructuring plan involving demerger and merger of key units

In an order dated May 5, the tribunal allowed withdrawal of CIRP following an amicable settlement with lenders under Section 12A of the Insolvency and Bankruptcy Code

A plea in the Supreme Court alleges non-existent citations in an NCLT order admitting Essel Infraprojects to insolvency, raising concerns over judicial integrity.

NCLT Special Bench adjourns hearing, citing jurisdiction; Sebi seeks time for rejoinder as minority shareholders move intervention applications

French automaker moves tribunal to streamline India structure, boost exports to €2 billion annually by 2030, and strengthen the country's role as a key manufacturing hub

The Delhi High Court on Thursday said the petition by an NCLT technical member challenging the appointment of Bachu Venkat Balaram Das as acting president was infructuous in view of the Centre appointing a former high court judge to the post of the tribunal's president. A bench of Justices C Hari Shankar and O P Shukla noted that the Centre has cleared the appointment of Justice Anupinder Singh Grewal, former judge of the Punjab and Haryana High Court, as the president of the National Company Law Tribunal (NCLT). "With that, this writ petition which deals with the post of acting president of NCLT has been rendered infructuous," the bench said, as it closed the proceedings on the petition by Kaushalendra Kumar Singh. On April 29, the Centre notified the appointment of Justice Grewal as NCLT president for five years with effect from the date of assumption of charge or till attaining the age of 67 years, whichever is earlier. In the high court, Singh contended that the law mandates th

The Supreme Court has taken suo motu cognisance of delays in NCLT approvals, warning that prolonged timelines could undermine the objectives of the Insolvency and Bankruptcy Code