Nclt

NCLT allows withdrawal of insolvency process against ATS Le Grandiose

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

Plea in SC alleges fake citations in NCLT order on Essel insolvency

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

Class action suit against Jindal Poly Films to be heard by Principal Bench

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

Renault moves NCLT to restructure India ops, eyes €2 bn exports by 2030

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

Plea against NCLT acting president appointment infructuous: Delhi HC

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

SC flags 'grim' delays in NCLT clearing insolvency resolution plans

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

IBC clock stalls: Supreme Court flags NCLT's nearly two-year lag

Top court raises concerns over prolonged pendency of resolution plan approvals, asks NCLT and IBBI to furnish nationwide data on delays and backlog

Vedanta revised JAL bid after learning evaluation standing: Lenders

Lenders allege Vedanta altered its JAL bid after accessing sensitive scoring details, raising concerns over fairness in the insolvency resolution process

IBC overhaul aims to cut delays and boost recoveries: Icra report

IBC amendments introduce a creditor-led fast-track insolvency route, tighten timelines and reduce procedural bottlenecks to improve recoveries and speed up resolutions

NCLT issues notice on Sebi plea in Jindal Poly Films class action

Tribunal seeks responses from company, flags exit of original petitioners after share sale and considers intervention pleas in ongoing class action

Mahagun Group secures ₹225 crore from CSL Finance to speed up delivery

Mahagun Group raises Rs 225 crore from CSL Finance to accelerate construction and improve liquidity, following its recent exit of Blackstone-backed ASK Property Fund

Better cash recovery and track record kept Adani ahead in JAL race

NCLT clears Adani Enterprises' ₹15,000 crore JAL plan despite lower bid, spotlighting IBC's shift from highest offer to recovery certainty

Enabling environment: Proposed amendments to laws will facilitate business

One of the amendments proposes that the auditor or audit firms of a prescribed class of companies will not provide any non-audit services to the company or its holding or subsidiary companies

Blackstone-backed ASK Property Fund exits Mahagun's project for ₹650 cr

ASK Property Fund has exited Mahagun's Noida project with Rs 650 crore, earning a 21 per cent IRR, as the stalled development sees revival following NCLT relief

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 clears Adani's ₹15K cr JAL resolution plan, rejects Vedanta challenge

NCLT approves Adani Enterprises' Rs 15,000 crore resolution plan for Jaiprakash Associates, dismissing Vedanta's objections and paving the way for takeover

Adani Enterprises gets NCLT nod for Jaiprakash Associates resolution plan

Adani Enterprises was identified as the successful resolution applicant last year

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 ...

FinMin asks banks to step up efforts to reduce delays in IBC cases

At a review meeting, the finance ministry directed public sector banks to minimise adjournments and speed up CIRP filings, aiming to accelerate NCLT admission and resolution timelines

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