Nclat

Swift resolution required: Capacity gaps threaten insolvency outcomes

As the government is doing a number of things to improve the ease of doing business, it must recognise that a smooth and predictable exit mechanism is as critical as facilitating entry

Corporate ministry seeks Cabinet approval for 50 more NCLT courts

The Supreme Court, in one of its judgments, had said that a shortfall of members and the lack of requisite strength has led to tribunals only sitting for a few days of the week or a few hours in a day

Need clear timelines for NCLAT to dispose of appeals: Panel on IBC Bill

A parliamentary select committee has flagged the absence of timelines for the NCLAT in the IBC Amendment Bill, 2025, and proposed a three-month statutory deadline to curb appellate delays

NCLAT: WhatsApp must seek user consent before sharing data with Meta

The earlier Nclat judgment had upheld the ₹213.14 crore penalty against Meta and WhatsApp but had left ambiguity over the extent of user-choice safeguards

NCLAT dismisses Sebi's plea to recover penalty from Annies Apparel

The NCLAT has set aside an appeal by SEBI, where the markets regulator had asked the tribunal to recover the penalty imposed by it against an entity related to the diversion of funds in the Religare Finvest matter, saying such claims cannot be filed once the liquidation process begins under IBC. There was no infirmity in the decision of the liquidator in not admitting the claim of SEBI arising out of the order passed by the Adjudicating Officer (AO) and filed after a delay of 797 days after the liquidation commencement date, it said. The appellate tribunal upheld the order by NCLT and the liquidator of Annies Apparel, observing that the Insolvency & Bankruptcy Code (IBC) clearly freezes all claims as on the liquidation commencement date. The statutory provisions of the IBC read with attendant Liquidation Process Regulations, we are clear that the statutory intent of the IBC clearly freezes all claims as on the liquidation commencement date, said NCLAT. This accords inviolable ...

Byju's parent company RP moves NCLAT against Aakash's rights issue

Think & Learn challenges Aakash Educational Services' decision to withhold shares worth ₹25 crore; NCLAT to hear the matter on December 16 amid related AWS appeals

NCLAT reserves verdict on CCI's plea in WhatsApp-Meta data-sharing case

In November this year, the NCLAT had set aside the CCI's five-year prohibition on data sharing for advertising, but upheld the penalty of ₹213.14 crore and other directions issued by the regulator

NCLAT dismisses insolvency plea against Voltas, upholds NCLT order

Appellate tribunal NCLAT has rejected a plea against Voltas, which sought to initiate insolvency proceedings against the Tata Group firm by one of its operational creditors. A two-member NCLAT bench has upheld the earlier orders of the Mumbai-bench of the National Company Law Tribunal (NCLT), which had on May 27, 2025 rejected the petition on the grounds of a pre-existing dispute. NCLAT upheld the findings of NCLT, saying it "has committed no mistake" in finding that the email chain between appellant Air Wave Technocrafts and Voltas "reflects ongoing disputes" regarding work certification, amounts, and supporting documentation. "We see no reason to take a different view in the matter from that of the Adjudicating Authority (NCLT) in rejecting the Section 9 application on valid grounds of pre-existing disputes. In result, we find no merit in the Appeal. We find no reasons to interfere with the impugned order. The Appeal is dismissed," said NCLAT. NCLAT order came over a petition fil

Supreme Court turns down Byju's plea to halt insolvency proceedings

BCCI had initiated insolvency proceedings against the edtech platform over pending dues of Rs 158 crore

WhatsApp, Meta can redact confidential info from judgment, says NCLAT

WhatsApp, through its lawyer, had sought redaction of confidential material on pages 194 to 196 of the judgment

CCI moves NCLAT seeking clarity on WhatsApp, Meta's data-sharing order

CCI has asked NCLAT to clarify whether the privacy safeguards outlined in its ruling apply to Meta's advertising-related data sharing, as the tribunal reviews challenges from Meta and WhatsApp

NCLAT overturns NCLT move disqualifying JC World Hospitality promoters

Insolvency appellate tribunal NCLAT has set aside NCLT orders, which had declared promoters of JC World Hospitality ineligible to submit their resolution plan under Section 29A of the IBC. NCLAT said the NCLT "in a callous manner without looking into materials on record" have come to the conclusion that the promoters are disqualified, which is perverse and unsustainable. A two-member bench of the National Company Law Appellate Tribunal (NCLAT) has revived the application filed by RP of JC World Hospitality before the Delhi bench of NCLT seeking approval for bids submitted by promoters and take a decision within three months. The application "filed by the RP for approval of the Resolution Plan of the SRA (promoters) is revived before the adjudicating authority (NCLT) for passing an appropriate order in the plan approval application." It further said, "The plan approval application has been pending for about four years. We are of the view that the adjudicating authority shall endeavo

NCLAT declines to delete NCLT remarks on Gensol insolvency professional

The appellate tribunal upheld Gensol's insolvency admission but said remarks against insolvency professional Pulkit Gupta should not be treated as adverse findings on his conduct or integrity

NCLAT rejects Reliance Realty plea, orders liquidation be completed quickly

The appellate tribunal NCLAT has set aside an appeal filed by Reliance Realty, a step-down entity of debt-ridden Reliance Communications, seeking recovery of rental and assets from Independent TV, a firm which was in the DTH business and is now facing liquidation. The National Company Law Appellate Tribunal (NCLAT) has upheld the earlier order passed by the Mumbai bench of NCLT, which had declined Reliance Realty's plea and said the liquidation process of Independent TV (formally known as Reliance Big TV) has to be completed in a time-bound manner and in the shortest possible time. A two-member bench said the liquidation process should not be "disrupted and derailed by the Appellant (Reliance Realty) who for no cogent reasons had never agitated the issue of ownership of assets lying in the leased premises". "We do not find any infirmity in the impugned order allowing the Liquidator to remove all moveable assets of the Corporate Debtor lying at the leased premises and in restraining

NCLAT quashes CCI's WhatsApp-Meta data ban, upholds ₹213 crore penalty

The tribunal said CCI's five-year ban on WhatsApp data sharing with Meta was unwarranted but upheld the Rs 213 crore penalty, ruling no abuse of dominance in the messaging market

NCLAT overturns CCI ban on Whatsapp sharing user data with Meta platforms

Appellate tribunal NCLAT on Tuesday set aside a section of a Competition Commission of India (CCI) order that had banned WhatsApp from sharing data with Meta Platforms for advertising purposes for five years. Modifying the order passed by the CCI on November 18, 2024, the NCLAT set aside section 247.1 of the 158-page-long order. However, the tribunal retained the Rs 213 crore penalty on the company and the rest of the order. "We are setting aside the findings of the Commission insofar as it holds breach of Section 4 (2)(D) and setting aside the directions in paragraph 247.1, (which stated) WhatsApp will not share user data collected on its platform with other data companies or advertising purposes for a period of five years from the date of receipt of this order," said NCLAT bench while pronouncing its order orally in the open court. "In respect of such sharing of data for advertising purposes, the rest of the impugned order is upheld. The order dated 18 November 2024 is modified ..

CCI lacks power to examine disputes over patented products: NCLAT

Appellate tribunal NCLAT has said the fair trade regulator Competition Commission of India has no power to examine into the disputes related to patent matters. Dismissing an appeal against a CCI order, in which the regulator had closed a complaint against Swiss pharma major Vifor International (AG), a two-member NCLAT bench said the 'Patent Act will prevail over the Competition Act'. Citing the earlier judgments, NCLAT said: "Considering the judgment of the Delhi High Court in the case of Telefonaktiebolaget LM Ericsson (PUBL) and the Supreme Court in the SLP No. 25026/2023, it is apparent that the CCI lacks the power to examine the allegations made against Vifor International (AG)." NCLAT, which is an appellate authority over the orders passed by CCI, said Vifor International had the patent for Ferric Carboxymaltose (FCM) injection, which is required for the treatment of Iron Deficiency Anaemia (IDA). "The Patent Act will prevail over the Competition Act in the facts of this case,

NCLAT rejects plea to stop Aakash EGM amid Byju's insolvency case

Tribunal says insolvency of Byju's cannot be used to restrict a solvent subsidiary's commercial independence as Aakash prepares for key rights issue

NCLAT asks IIHL to provide timeline to stop using Reliance trademark

Insolvency appellate tribunal NCLAT has asked Hinduja group firm IndusInd International Holdings Ltd (IIHL) to submit a timeframe by which it will discontinue using Reliance trademark for the financial service firm Reliance Capital. The counsel appearing for IIHL submitted before NCLAT that the process of name change after the acquisition of Reliance Capital has already started, and is likely to be completed in eight weeks. The National Company Law Appellate Tribunal (NCLAT) was hearing an appeal filed by Anil Dhirubhai Ambani Ventures Pvt Ltd (ADAVL), which has sought a stay over the use of the trademark Reliance after the takeover of Reliance Capital, through the insolvency resolution process. Noting IIHL's submission, a two-member National Company Law Appellate Tribunal (NCLAT) bench recorded in its order, "It is emphasised by Sr Counsel for the Respondent (IIHL) that the process of changing the brand name of the appellant with a new brand name, which is intended to be acquired b

NCLAT order on insolvency fraud may cloud IBC interpretation: Experts

Experts say NCLAT's order allowing recall of resolution plans if fraud is detected could weaken bidder confidence and blur clarity on the Insolvency and Bankruptcy Code