![Advance of ₹1.95 crore unpaid for Castor oil: NCLT admits Section 9 IBC plea against Evoq Remedies for failure to deliver goods or refund [Read Order]](https://images.taxscan.in/h-upload/2026/06/20/2140924-nclt-admits-insolvency-plea-against-evoq-remedies-taxscan.webp "Advance of ₹1.95 crore unpaid for Castor oil: NCLT admits Section 9 IBC plea against Evoq Remedies for failure to deliver goods or refund [Read Order]")
Advance of ₹1.95 crore unpaid for Castor oil: NCLT admits Section 9 IBC plea against Evoq Remedies for failure to deliver goods or refund [Read Order]
In a recent order, the National Company Law Tribunal (NCLT), Ahmedabad Bench, admitted an insolvency petition filed by an operational creditor, a ...
![Yes Bank Loan Secured on Promoters’ Property Reclassified as Unsecured in Roofco Trading Insolvency: NCLT [Read Order]](https://images.taxscan.in/h-upload/2026/06/20/2140923-nclt-ruling-on-reclassification-of-yes-bank-loan-as-unsecured-in-roofco-trading-insolvency-by-taxscan.webp "Yes Bank Loan Secured on Promoters’ Property Reclassified as Unsecured in Roofco Trading Insolvency: NCLT [Read Order]")
![NCLT admits Section 9 IBC plea against Eros International Media for failure to clear NH‑10 Film revenue payments [Read Order]](https://images.taxscan.in/h-upload/2026/06/20/2140878-nclt-admits-insolvency-plea-against-eros-international-issuance-by-taxscan.webp "NCLT admits Section 9 IBC plea against Eros International Media for failure to clear NH‑10 Film revenue payments [Read Order]")
![Non-Delivery of Plots & Failure to Refund Allottees Amount to Financial Debt Default: NCLT Initiates CIRP Against Primezone Developers [Read Order]](https://images.taxscan.in/h-upload/2026/06/19/2140790-nclt-initiates-cirp-against-primezone-developers-by-taxscan.webp "Non-Delivery of Plots & Failure to Refund Allottees Amount to Financial Debt Default: NCLT Initiates CIRP Against Primezone Developers [Read Order]")
![Homebuyers Qualify as Financial Creditors: NCLT Initiates CIRP Against Real Estate Developer for ₹6.76 Crore Default [Read Order]](https://images.taxscan.in/h-upload/2026/06/19/2140782-homebuyers-qualify-as-financial-creditors-nclt.webp "Homebuyers Qualify as Financial Creditors: NCLT Initiates CIRP Against Real Estate Developer for ₹6.76 Crore Default [Read Order]")
![NCLT Dismisses Insolvency Plea Filed by Ex‑SpiceJet Pilot, Rules Salary Claim Below ₹1 Crore and Disputed [Read Order]](https://images.taxscan.in/h-upload/2026/06/17/2140563-nclt-new-delhi-insolvency-plea-exspicejet-pilot-salary-claim-taxscan.webp "NCLT Dismisses Insolvency Plea Filed by Ex‑SpiceJet Pilot, Rules Salary Claim Below ₹1 Crore and Disputed [Read Order]")
![CBIC Exempts Overtime Charges for Cruise Passenger Clearance at 24x7 Ports [Read Circular]](https://images.taxscan.in/h-upload/2026/06/17/2140550-cbic-overtime-charges-cruise-passenger-clearance-24x7-ports-taxscan.webp "CBIC Exempts Overtime Charges for Cruise Passenger Clearance at 24x7 Ports [Read Circular]")
IBBI Issues Fourth Amendment to Insolvency Rules, Enhancing Creditor Role and Cost Oversight [Read Notification]
The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency Resolution Process for Corporate Persons (Fourth Amendment) Regulations, 2026, introducing important changes aimed at...
![IBBI Issues Fourth Amendment to Insolvency Rules, Enhancing Creditor Role and Cost Oversight [Read Notification]](https://images.taxscan.in/h-upload/2026/06/13/2140215-ibbi-fourth-amendment-insolvency-rules-creditor-role-cost-oversight-taxscan.webp "IBBI Issues Fourth Amendment to Insolvency Rules, Enhancing Creditor Role and Cost Oversight [Read Notification]")
Congress MLC Naseer Ahmed Declared Bankrupt: NCLT Holds Personal Guarantor Liable for ₹1,454 Cr Under IBC [Read Order]
In a recent ruling, the National Company Law Tribunal (NCLT), Bengaluru Bench, has declared Congress MLC Naseer Ahmed bankrupt after finding him liable as a personal guarantor for loans amounting...
![Congress MLC Naseer Ahmed Declared Bankrupt: NCLT Holds Personal Guarantor Liable for ₹1,454 Cr Under IBC [Read Order]](https://images.taxscan.in/h-upload/2026/06/13/2140201-congress-mlc-naseer-ahmed-nclt-bengaluru-personal-guarantor-ibc-taxscan.webp "Congress MLC Naseer Ahmed Declared Bankrupt: NCLT Holds Personal Guarantor Liable for ₹1,454 Cr Under IBC [Read Order]")
Merely Questioning Process Behind NCLT Findings does not Justify Invoking Writ Jurisdiction: Bombay HC [Read Order]
The Bombay High Court has refused to entertain a writ petition challenging an order of the National Company Law Tribunal ( NCLT ), holding that alleged procedural irregularities must be raised...
![Merely Questioning Process Behind NCLT Findings does not Justify Invoking Writ Jurisdiction: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2026/06/13/2140172-merely-questioning-process-behind-nclt-findings-does-not-justify-invoking-writ-jurisdiction-taxscan.webp "Merely Questioning Process Behind NCLT Findings does not Justify Invoking Writ Jurisdiction: Bombay HC [Read Order]")
NCLT Admits SBI’s ₹8,532.5 Crore Insolvency Plea Against Anil Ambani as Personal Guarantor to RCOM, RITL Loans [Read Order]
In a recent development under the Insolvency & Bankruptcy Code (IBC), the National Company Law Tribunal (NCLT) Mumbai Bench‑I has admitted State Bank of India’s (SBI) petition seeking...
![NCLT Admits SBI’s ₹8,532.5 Crore Insolvency Plea Against Anil Ambani as Personal Guarantor to RCOM, RITL Loans [Read Order]](https://images.taxscan.in/h-upload/2026/06/12/2140129-nclt-mumbai-sbi-insolvency-plea-anilambani-personal-guarantor-rcom-ritl-loans-taxscan.webp "NCLT Admits SBI’s ₹8,532.5 Crore Insolvency Plea Against Anil Ambani as Personal Guarantor to RCOM, RITL Loans [Read Order]")
Failure to Implement Approved Resolution Plan Amounting to Contravention: NCLT Orders Liquidation of Agrotech Pvt. Ltd. u/s 33 IBC [Read Order]
The National Company Law Tribunal (NCLT), Chandigarh Bench, has ordered the liquidation of J.R. Agrotech Private Limited under Section 33 of the Insolvencyand Bankruptcy Code, 2016, after finding...
![Failure to Implement Approved Resolution Plan Amounting to Contravention: NCLT Orders Liquidation of Agrotech Pvt. Ltd. u/s 33 IBC [Read Order]](https://images.taxscan.in/h-upload/2026/06/11/2139954-nclt-chandigarh-agrotech-pvt-ltd-taxscan.webp "Failure to Implement Approved Resolution Plan Amounting to Contravention: NCLT Orders Liquidation of Agrotech Pvt. Ltd. u/s 33 IBC [Read Order]")