Nclt

NCLT approves ₹1,950 crore one-time settlement for NSEL investors

The tribunal said the plan, backed by a majority of creditors, is "fair", "reasonable" and not against public policy

63 Moons soars 19% after NCLT approves NSEL's One-Time Settlement offer

The one-time settlement offer agreed would bring a major relief for traders whose monies were stuck in the NSEL payment crisis that happened in July 2013, 63 Moons said in an exchange filing.

Pre-Budget meeting: Ficci seeks faster resolution of tax disputes

Industry body calls for clearing ₹18 trillion in pending tax appeals, TDS rationalisation and tax neutrality for fast-track demergers ahead of Union Budget 2026

NCLT orders proceedings against Bhilai Jaypee Cement over ₹45 cr default

The National Company Law Tribunal (NCLT) has directed for initiation of insolvency proceedings against Bhilai Jaypee Cement, a subsidiary of debt-ridden group Jaiprakash Associates Limited, for a default of Rs 45 crore. The direction of Cuttack bench of NCLT came after it admitted a plea filed by the company's operational creditor Sidhgiri Holdings Pvt Ltd, to which Bhilai Jaypee Cement owed Rs 45 crore against supply of coal. A two-member NCLT bench also appointed an interim resolution professional (IRP), suspending the board of the company and putting it under the protection of moratorium against encumbrance of assets through sale, civil suits etc, as per the provisions of the Insolvency & Bankruptcy Code (IBC). "We are inclined to hold that there exists an outstanding operational debt, a default and accordingly the present Application... under Section 9 of the Code read with Rule 6 of Insolvency & Bankruptcy Rules, 2O16 for initiating CIRP of Bhilai Jaypee Cement is ...

NCLT clears Reliance Retail's takeover plan for Future Supply Chain

NCLT Mumbai approves Reliance Retail's resolution plan for Future Supply Chain, ensuring creditors' recovery and revival of the logistics firm on a going-concern basis

NCLT dismisses insolvency plea against ZTE filed by TVS Supply Chain

The NCLT has dismissed an insolvency plea against the Indian unit of telecom gear manufacturer ZTE filed by TVS Supply Chain Solutions after observing a pre-existing dispute between the parties. A Chandigarh-based bench of the National Company Law Tribunal (NCLT), the debt claimed by TVS Supply Chain Solutions was disputed and under reconciliation dating back to 2017, well before the statutory demand notice. "In view of these facts, we hold that this being a case of preexisting dispute, the Application under Section 9 is not at all maintainable," said the NCLT bench, comprising members Kaushalendra Kumar Singh and Khetrabasi Biswal. TVS Supply Chain Solutions, earlier known as TVS Logistics Services, had moved the insolvency tribunal claiming a default of Rs 4.27 crore from ZTE Telecom India by filing a plea under section 9 of the Insolvency & Bankruptcy Code. The dispute is for the period June 2012 to February 2019. ZTE, a telecom equipment supplier for companies like Reliance, ..

Allcargo Logistics receives NCLT approval for restructuring plans

Logistics operator Allcargo Logistics on Monday said it has received the NCLT approval for its restructuring plan to demerge its international supply chain business into a new listed entity. Under the approved scheme, the international supply chain business of Allcargo Logistics Limited will be demerged into a new listed entity -- Allcargo Global Limited, according to the company. The domestic express and contract logistics businesses, currently housed under Allcargo Gati, Gati Express & Supply Chain and Allcargo Supply Chain, will be consolidated under the listed company Allcargo Logistics Limited, it added. Post-restructuring, Allcargo Group will eventually have four listed strategic business undertakings. Allcargo Global will have an international supply chain business, while domestic logistics will come under Allcargo Logistics (post demerger). Allcargo Terminals Limited and TransIndia Real Estate Limited, which were created through an earlier scheme of arrangement, continue .

NCLT once again postpones Vedanta demerger hearing to 29 October

The National Company Law Tribunal (NCLT) on Wednesday once again postponed the hearing on Vedanta's demerger proposal to October 29. On September 17, the Mumbai bench of NCLT had deferred the hearing on the matter till October 8, and also directed Vedanta as well as the Ministry of Petroleum and Natural Gas (MoPnG) to file written submissions on the matter within five days. Earlier on August 20, the tribunal had deferred the hearing on the Vedanta demerger to September 17 as market regulator Sebi was yet to complete the scrutiny of the proposal, while the petroleum ministry had raised certain objections and sought time to present its observations on the scheme. The counsel representing the ministry had raised objections to the demerger seeking details on the RJ block, and sought clarifications on disclosures. The counsel said the ministry also wants disclosures on the concealment of facts that includes showing the exploration blocks as Vedanta's assets and details of the loan taken

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

Reforming tribunals: Rising vacancies at the top are hampering efficiency

According to legal think tank Daksh's State of Tribunals 2025 report, India's commercial tribunals face a backlog of 356,000 cases, worth ₹24.2 trillion (as of September)

Commercial tribunals' case backlog ties up 7.5% of India's GDP: Study

India's commercial tribunals face 3.56 lakh pending cases worth Rs 24.7 lakh crore, about 7.5% of GDP, with vacancies, procedural gaps and weak infrastructure slowing justice

NCLT postpones final hearing on Vedanta demerger plan to October 8

The National Company Law Tribunal (NCLT) on Wednesday deferred the hearing on Vedanta's ambitious demerger proposal to October 8, as the Ministry of Petroleum and Natural Gas objected to the scheme, citing a lack of necessary disclosures. The Mumbai bench of NCLT also directed Vedanta and the ministry to file written submissions in five days. The counsel representing the Ministry of Petroleum and Natural Gas told the tribunal that they are asking about the details of the RJ block, and sought clarifications on disclosures. The counsel further said the ministry also wants disclosures on the concealment of facts, which includes showing the exploration blocks as Vedanta's assets and details of the loan taken on the basis of those assets. "As a regulator and a creditor, it is my duty to bring all these facts before the tribunal to show that whether the scheme is clear or it is opaque. We are asking for disclosures on the RJ-ON-90/1 Oil and Gas Block, an operating oil and gas block in ..

Retired judges reluctant to join tribunals due to poor facilities, says SC

The Supreme Court said retired judges hesitate to accept tribunal posts due to inadequate housing, transport and dignity, and asked the Centre to upgrade infrastructure

Indian real estate sector expects wave of reforms after SC judgment

Supreme Court directs reforms in IBC and Rera, declares housing a fundamental right; developers welcome move, seek multi-stakeholder approach for systemic real estate reforms

IDBI Bank again files insolvency plea against ZEEL for over ₹225 cr default

IDBI Bank moves NCLT against ZEEL over ₹225 crore default claim; ZEEL terms plea "malicious" as earlier applications were dismissed by NCLT and NCLAT

Vedanta demerger faces delay as Centre objects, Sebi issues warning

Vedanta's plan to split into six listed entities has been delayed after the Centre objected and SEBI issued a compliance warning, intensifying regulatory scrutiny

NCLT defers hearing on Vedanta demerger after govt flags irregularities

The government flagged concealment and non-disclosure in Vedanta's demerger plan, prompting the NCLT to defer its hearing to September 17

Vedanta shares fall 3% as Centre objects to demerger; NCLT defers hearing

The NCLT deferred the hearing on Vedanta's proposed demerger after serious objections raised by the central government

NCLT declares Kapil Wadhawan bankrupt; what's next for DHFL's ex-promoter

NCLT declares Kapil Wadhawan bankrupt following a Rs 4546 crore default by DHFL, imposing severe personal and professional consequences

IBC Amendment: More clarity, less reform, focuses on incremental fixes

By sidestepping deeper structural issues and leaning on delegated legislation, it offers incremental fixes where the system needs a transformative overhaul