![NCLAT Directs Modi Lifecare to Pay ₹63 Lakh Admitted Liability: Clarifies Invoices Not Mandatory Under Technical Guidance Agreement [Read Order]](https://images.taxscan.in/h-upload/2026/05/24/2138002-nclat-modi-lifecare-liability-invoices-technical-guidance-agreement-taxscan-.webp "NCLAT Directs Modi Lifecare to Pay ₹63 Lakh Admitted Liability: Clarifies Invoices Not Mandatory Under Technical Guidance Agreement [Read Order]")
NCLAT Directs Modi Lifecare to Pay ₹63 Lakh Admitted Liability: Clarifies Invoices Not Mandatory Under Technical Guidance Agreement [Read Order]
In a recent ruling, the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has directed Modi Lifecare Industries Ltd. to...
![NCLT Holds Loan Carries Time Value of Money, Admits Insolvency Plea against Online Gaming Firm Over ₹2.81cr Loan Default [Read Order]](https://images.taxscan.in/h-upload/2026/05/23/2137952-nclt-loan-carries-time-value-money-insolvency-plea-online-gaming-loan-default-taxscan.webp "NCLT Holds Loan Carries Time Value of Money, Admits Insolvency Plea against Online Gaming Firm Over ₹2.81cr Loan Default [Read Order]")
![NCLAT Holds Insolvency Withdrawal Impermissible After Liquidation: Upholds Bank of Baroda’s Initiation that S.12A Cannot Apply Post‑Liquidation [Read Order]](https://images.taxscan.in/h-upload/2026/05/22/2137821-withdrawal-impermissible-after-liquidation-nclat-taxscan.webp "NCLAT Holds Insolvency Withdrawal Impermissible After Liquidation: Upholds Bank of Baroda’s Initiation that S.12A Cannot Apply Post‑Liquidation [Read Order]")
![Timely CIRP Claim Cannot Be Rejected Despite Procedural Lapse: NCLAT Directs RP to Consider Claim under Appropriate Creditor Category [Read Order]](https://images.taxscan.in/h-upload/2026/05/22/2137778-cirp-claim-cannot-be-rejected-despite-procedural-taxscan.webp "Timely CIRP Claim Cannot Be Rejected Despite Procedural Lapse: NCLAT Directs RP to Consider Claim under Appropriate Creditor Category [Read Order]")
![Mortgage of Property Without Actual Disbursal Does Not Constitute Financial Debt under IBC: NCLAT Rejects Financial Creditor Classification [Read Order]](https://images.taxscan.in/h-upload/2026/05/21/2137737-mortgage-of-property-actual-disbursal-constitute-financial-debt-taxscan.webp "Mortgage of Property Without Actual Disbursal Does Not Constitute Financial Debt under IBC: NCLAT Rejects Financial Creditor Classification [Read Order]")
DRT Recovery Certificate Gives Fresh Limitation Period for Initiating CIRP: NCLT Admits ₹17.54 Cr Insolvency Plea Against Sunbeam Dealers [Read Order]
The National Company Law Tribunal (NCLT) Kolkata Bench has admitted a Section 7 insolvency application filed by Bank of India against Sunbeam Dealers Private Limited, holding that a Recovery ...
![DRT Recovery Certificate Gives Fresh Limitation Period for Initiating CIRP: NCLT Admits ₹17.54 Cr Insolvency Plea Against Sunbeam Dealers [Read Order]](https://images.taxscan.in/h-upload/2026/05/22/2137767-drt-recovery-certificate-cirp-nclt-insolvency-plea-sunbeam-dealers-taxscan.webp "DRT Recovery Certificate Gives Fresh Limitation Period for Initiating CIRP: NCLT Admits ₹17.54 Cr Insolvency Plea Against Sunbeam Dealers [Read Order]")
EPFO Cannot Lodge PF Claims in CIRP Without Statutory Determination under EPF Act: NCLT Approves ₹15.25 Cr Resolution Plan [Read Order]
The National Company Law Tribunal (NCLT)Mumbai Bench has approved the ₹15.25 crore resolution plan submitted by Bekem Infra Projects Pvt. Ltd. and held that provident fund claims raised by the ...
![EPFO Cannot Lodge PF Claims in CIRP Without Statutory Determination under EPF Act: NCLT Approves ₹15.25 Cr Resolution Plan [Read Order]](https://images.taxscan.in/h-upload/2026/05/21/2137717-epfo-lodge-pf-claims-cirp-statutory-determination-taxscan.webp "EPFO Cannot Lodge PF Claims in CIRP Without Statutory Determination under EPF Act: NCLT Approves ₹15.25 Cr Resolution Plan [Read Order]")
NCLT Dissolves Oxygen Lifeline Retail u/s 54 IBC After SCC Resolution: IBBI Confirms E‑Auction of Audi A6 & Tata Hexa [Read Order]
In a recent ruling, the National Company Law Tribunal (NCLT), Indore Bench, has dissolved Oxygen Lifeline Retail Private Limited under Section 54 of the Insolvency and Bankruptcy Code, 2016, after...
![NCLT Dissolves Oxygen Lifeline Retail u/s 54 IBC After SCC Resolution: IBBI Confirms E‑Auction of Audi A6 & Tata Hexa [Read Order]](https://images.taxscan.in/h-upload/2026/05/21/2137731-nclt-dissolves-oxygen-lifeline-retailjpg.webp "NCLT Dissolves Oxygen Lifeline Retail u/s 54 IBC After SCC Resolution: IBBI Confirms E‑Auction of Audi A6 & Tata Hexa [Read Order]")
Financial Creditor Cannot be Forced to Wait for Consortium OTS When Debt and Default Stand Admitted: NCLT Admits CIRP [Read Order]
The National Company Law Tribunal (NCLT) Mumbai Bench has admitted a Corporate Insolvency Resolution Process (CIRP) plea filed by Bank of India against Distribution Logistics Infrastructure Private ...
![Financial Creditor Cannot be Forced to Wait for Consortium OTS When Debt and Default Stand Admitted: NCLT Admits CIRP [Read Order]](https://images.taxscan.in/h-upload/2026/05/21/2137724-financial-creditor-consortium-ots-debt-nclt-cirp-taxscan.webp "Financial Creditor Cannot be Forced to Wait for Consortium OTS When Debt and Default Stand Admitted: NCLT Admits CIRP [Read Order]")
Successful Swiss Challenge Bid and Ongoing ₹590 Crore OTS Cannot Defeat Insolvency Proceedings: NCLT [Read Order]
The National Company Law Tribunal (NCLT) Mumbai Bench held that a successful Swiss Challenge process and continuing One Time Settlement (OTS) negotiations cannot defeat a Section 7 petition...
![Successful Swiss Challenge Bid and Ongoing ₹590 Crore OTS Cannot Defeat Insolvency Proceedings: NCLT [Read Order]](https://images.taxscan.in/h-upload/2026/05/21/2137722-insolvency-proceedings-otc-nclt-taxscan.webp "Successful Swiss Challenge Bid and Ongoing ₹590 Crore OTS Cannot Defeat Insolvency Proceedings: NCLT [Read Order]")
CoC Rejected CIRP Extension & Corporate Debtor Fails to Approve Resolution Plan: NCLT Orders Liquidation u/s 33 IBC [Read Order]
The National Company Law Tribunal (NCLT) Mumbai Bench has ordered liquidation proceedings against Shri Tradco Deesan Private Limited under Section 33 of the Insolvency and Bankruptcy Code, 2016...
![CoC Rejected CIRP Extension & Corporate Debtor Fails to Approve Resolution Plan: NCLT Orders Liquidation u/s 33 IBC [Read Order]](https://images.taxscan.in/h-upload/2026/05/20/2137603-coc-rejected-cirp-extension-corporate-debtor-fails-nclt-mumbai-taxscan.webp "CoC Rejected CIRP Extension & Corporate Debtor Fails to Approve Resolution Plan: NCLT Orders Liquidation u/s 33 IBC [Read Order]")
![Government Extends NCLAT Members’ Tenure Till September 2026 or Age 67 [Read Notification]](https://images.taxscan.in/h-upload/2026/05/20/2137599-government-extends-nclat-members-nclat-new-delhi-taxscan.webp "Government Extends NCLAT Members’ Tenure Till September 2026 or Age 67 [Read Notification]")