Corporate Laws

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Corporate Laws

Guarantors Misused Moratorium to Stall SARFAESI Recovery: NCLAT Upholds Dismissal of Repeat S. 94 Petitions [Read Order]

In a recent ruling, national company law appellate tribunal (NCLAT) Delhi has dismissed the appeals, holding that the repeated section 94 petitions...

Section 7 IBC Threshold of 100 or 10% Allottees Applies at Filing Stage: NCLAT allows Homebuyers’...

₹28.5 Lakh Fraudulent Trading Liability on Suspended Directors u/s 66 IBC Set Aside: NCLAT [Read...

CIRP Application Time Barred By Limitation Cannot Be Revived By Issuing Demand Notice u/s 8 IBC:...

Related Party Nexus Between Financial Creditor and Corporate Debtor Pierces Corporate Veil: NCLAT...

Budget 2026 proposes Major Corporate Tax Changes: Govt. to Revamp MAT Framework [Read Finance Bill 2026]

The Union Budget for the financial year 2026-27 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha on Sunday, February 1, 2026. Significantly, the budget has brought forth...

Supreme Court Sets Aside HC Direction to CBDT to Modify Software for Automatic TDS Demand Relief [Read Order]

The Supreme Court has set aside directions issued by the Gujarat High Court to the Central Board of Direct Taxes (CBDT) for software modification so that no tax demands are raised in cases involving...

90% Unsecured Creditor Consent Sufficient To Dispense with Meetings u/s 230(9): NCLAT [Read Order]

The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has held that if unsecured creditors with at least 90% of the value have already given their consent by affidavit,...

Delay in Filing of Repayment Plan Not Grounds For Bankruptcy: NCLAT [Read Order]

The National Company Law Appellate Tribunal (NCLAT) held that mere delay in filing a repayment plan cannot, by itself, justify continuation of bankruptcy proceedings, especially in circumstances...

Municipal Property Tax Dues Recognised as Secured Claims In Liquidation: NCLAT Holds KMC as a Secured Creditor [Read Order]

The National Company Law Appellate Tribunal (NCLAT)has clarified that municipal property tax dues, when secured by a statutory charge under the governing municipal law, have to be treated as a secured...

TLPL’s Insolvency No Bar To Akash’s Share Capital Increase: NCLAT Affirms Corporate Separateness [Read Order]

In a recent ruling National Company Law Tribunal (NCLAT) has held that the insolvency of Think and Learn Pvt. Ltd( TLPL) does not restrict Akash Education Services Ltd from increasing its share...

Finality of Implemented Resolution Plan Prevails Over Creditor’s Claim: NCLAT [Read Order]

In a recent ruling, the National Company Law Appellate Tribunal (NCLAT), Chennai bench, held that once a resolution plan has been approved and implemented, a challenge by an operational creditor...