Nclat

Supreme Court declines to halt Adani's ₹14,543 crore JAL resolution plan

Vedanta alleged its higher bid was overlooked, questioned the lenders' decision to back Adani's proposal

CoC must list reasons for approving resolution plan in new IBC Bill: FM

The amended IBC Bill requires the Committee of Creditors to record reasons for selecting resolution applicants, while introducing timelines for NCLAT and faster approval of plans

Vedanta moves SC against Adani's JAL resolution plan after NCLAT refusal

Vedanta challenges Adani Enterprises' Rs 14,543 crore JAL resolution plan in Supreme Court after NCLAT declines to stay implementation amid dispute over bidding process

Proposed IBC Bill: Govt accepts all suggestions of select committee

Government adopts select committee proposals including NCLAT timelines and cross-border insolvency reforms as part of a broader overhaul of the Code

NCLAT rejects BSE pleas on demat account freezing during insolvency

The National Company Law Appellate Tribunal (NCLAT) has dismissed the appeals filed by BSE, where the leading bourse challenged the power of the NCLT to defreeze the Demat accounts of businesses undergoing insolvency resolution and liquidation process. A two-member NCLAT bench said the National Company Law Tribunal (NCLT) has the jurisdiction under section 60 (5) of the Insolvency & Bankruptcy Code (IBC) to entertain applications for defreezing of the Demat accounts during insolvency and pass a direction also. "...the impugned orders have been passed in valid exercise of such jurisdiction," the NCLAT said while setting aside the two petitions filed by BSE. BSE had contended that the NCLT does not have any jurisdiction under Section 60 (5) of the IBC Code to adjudicate on the issues, which are within the Securities Law Framework and Sebi Circulars. The issues pertain to two companies - Future Corporate Resources and Liz Traders and Agents - where their Demat accounts were frozen by

NCLAT allows Adani JAL plan to proceed, denies relief to Vedanta

NCLAT allowed Adani Enterprises' JAL resolution plan to proceed while refusing interim relief to Vedanta, with execution subject to final outcome of the appeal

Committee of Creditors not beyond judicial oversight, says Supreme Court

The Supreme Court said CoC's commercial decisions are not immune from scrutiny where illegality or jurisdictional lapses are established

NCLAT declines Vedanta's plea to stay Adani Group's bid to acquire JAL

The NCLAT agreed to hear the matter and sought responses from the Committee of Creditors (CoC) within a week

NCLT allows withdrawal of insolvency process against ATS Knightsbridge

ATS eyes delivery of project in 18 to 24 months, reset in core NCR luxury market

NCLAT grants exemption to 50 IL&FS's red, amber firms from CSR obligations

Insolvency appellate tribunal NCLAT has exempted IL&FS Group companies -- categorised as 'red' and 'amber' -- from corporate social responsibility (CSR) on account of interest expenses accrued on their loan amount. The order will benefit around 50 'amber' and 'red' companies of the debt-ridden IL&FS Group, which are protected under the moratorium granted by the NCLAT from its order dated October 15, 2018. These 'red' and 'amber' entities have not been accruing interest on their outstanding debts, resulting in such companies showing notional profits in their books of accounts under Section 198 of the Companies Act. Such notional profits have led to such companies liable to comply with CSR obligations under Section 135 of the Act. IL&FS Group moved an application last year before NCLAT to correct this, seeking exemption for entities from compliance with CSR obligations. A notice was issued to the government on the application by IL&FS. A two-member bench, which also ...

Govt moves NCLAT against NCLT nod to Ashdan's ₹900 crore Rolta plan

The government has moved the appellate tribunal NCLAT, against the order passed by the NCLT, in which it approved a Rs 900 crore resolution plan by Ashdan Properties for the debt-ridden Rolta India. Challenging the approved resolution plan, the centre said only Rs 10 lakh of a token amount has been allocated for the government and the statutory authorities, whereas the Corporate Debtor (Rolta) owed a total sum of Rs 5,949.95 crore. Against admitted government/statutory claims of Rs 179.19 crore, this allocation constitutes an illusory recovery of only 0.06 per cent, said the petition filed by Union of India through Department of Telecommunications (DoT), according to the petition filed by Shashank Bajpai, Central Government standing Counsel. A claim of Rs 469.09 crore has been made by DoT against Rolta India, on account of the unpaid license fee for FY 2005-06 and 2006-07. The Mumbai bench of the National Company Law Tribunal (NCLT) on December 15, 2025, approved a Rs 900 crore ...

NCLAT upholds personal insolvency against Dhoot brothers in Videocon case

The appellate tribunal NCLAT has dismissed petitions filed by two Dhoot brothers - Rajkumar Nandlal Dhoot and Pradeep Nandlal Dhoot, challenging the initiation of personal insolvency against them over a default committed by debt-ridden Videocon Industries. Personal Insolvency against the Dhoot brothers was initiated after SBI had issued a demand notice of Rs 5,353.78 crore over defaults by Videocon Industries, the principal borrower, for which they were the personal guarantors. A two-member bench of the National Company Law Appellate Tribunal (NCLAT) has upheld the two orders passed by the Mumbai bench of NCLT in June last year, in which it had directed the initiation of insolvency against the duo, brothers of Videocon founder Venugopal Dhoot. The appellate tribunal also rejected their plea that petitions filed by leading public sector SBI, on which the National Company Law Tribunal has directed to initiate insolvency proceedings in their personal capacity, were barred under ...

Will comply with NCLAT order on data sharing: WhatsApp to Supreme Court

Global tech giants Meta Platforms Inc. and WhatsApp told the Supreme Court on Monday that they will comply with the NCLAT's directions for extending the Competition Commission of India's (CCI) privacy and consent guidelines to advertising-related data. A bench of Chief Justice Surya Kant and Justices Joymalya Bagchi and Vipul M Pancholi was hearing appeals filed by the tech giants against the National Company Law Appellate Tribunal's (NCLAT) directions of December last year. The court is also seized of a cross-appeal filed by the CCI, assailing the NCLAT ruling to the extent that it allowed WhatsApp and Meta to continue sharing users' data for advertising purposes. "These applications essentially seek a direction for a stay of the impugned judgment of the NCLAT to the extent it approves the direction issued by the CCI directing Meta to comply with the impugned directions contained in the NCLAT order dated December 15, 2025, containing certain directions issued to Meta," the CJI ...

NCLT clears withdrawal of insolvency proceedings against Mahagun

The decision follows the company's settlement with IDBI Trusteeship Services; the NCLT order further records that all pending applications in the matter stand disposed of

SC disposes Think & Learn plea, protects 25.75% Aakash stake till NCLAT

The Supreme Court has closed Think & Learn's appeal after recording Aakash's undertaking that its 25.75% stake will remain protected until NCLAT decides a pending plea

Byju's parent moves SC against NCLAT nod to Aakash's ₹240 cr rights issue

Think & Learn, the parent of Byju's, has moved the Supreme Court challenging an NCLAT order permitting Aakash Educational Services to proceed with the second tranche of its Rs 240-crore rights issue

NCLT sets up panel to assess progress of projects under Jaypee Infratech

The National Company Law Tribunal (NCLT) has appointed a two-member committee to assess the progress of construction of projects of Suraksha Group-controlled Jaypee Infratech and submit a comprehensive status report before it. The Corporate Insolvency Resolution Process (CIRP) against Jaypee Infratech Ltd (JIL) was initiated on August 9, 2017. On March 7, 2023, Suraksha Group's bid was approved by the insolvency tribunal. However, buyers are now complaining of inordinate delays in completion of the project. A two-member Delhi-based principal bench of the NCLT has also taken note of the "anguish of homebuyers" and directed the committee to look into their grievances. The NCLT direction came over the application and affidavits filed by the flatbuyers of Jaypee Infratech. "Without prejudice to the contentions raised in this application and various reports, replies affidavit filed which in order to enable anguish of homebuyers' before us, in the interregnum, we are inclined to appoint

Opt out of India, you are creating monopoly, SC tells Meta, WhatsApp

Supreme Court warns Meta and WhatsApp that they cannot operate in India without complying with Indian law, flags risks to users' data and market competition

SC sends Flipkart competition case back to NCLAT for fresh review

The Supreme Court set aside a 2020 NCLAT order directing a CCI probe into Flipkart and asked the tribunal to reconsider the case afresh

NCLAT upholds resolution plan of Adani Power for Vidarbha Industries

NCLAT upholds Adani Power's ₹4,000 crore resolution plan for Vidarbha Industries Power, rejecting challenges on CIRP timeline and operational creditor payouts under the IBC