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National Company Law Tribunal (NCLT)

Centre Challenges Gujarat HC Ruling Imposing Territorial Limits On NCLT President’s Case Transfer Powers Before SC
Judiciary
Centre Challenges Gujarat HC Ruling Imposing Territorial Limits On NCLT President’s Case Transfer Powers Before SC

Centre moves Supreme Court against Gujarat HC ruling restricting NCLT President’s power to transfer cases across Benches beyond territorial limits.

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OYO Wins Rs 3,885 Crore Tax Battle: ITAT Delhi Holds Angel Tax Provision Cannot Apply To Intra-Group Capital Infusion [Read Order] Business
OYO Wins Rs 3,885 Crore Tax Battle: ITAT Delhi Holds Angel Tax Provision Cannot Apply To Intra-Group Capital Infusion [Read Order]

ITAT Delhi deletes ₹3,885 crore angel tax addition against OYO, holding Section 56(2)(viib) cannot apply to intra-group capital infusion.

Anil Ambani Faces Personal Insolvency: NCLT Mumbai Holds Personal Guarantee Not Discharged By RCOM Resolution Plan, Admits SBI’s Rs 853 Crore Petition [Read Order] Business
Anil Ambani Faces Personal Insolvency: NCLT Mumbai Holds Personal Guarantee Not Discharged By RCOM Resolution Plan, Admits SBI’s Rs 853 Crore Petition [Read Order]

NCLT admits SBI’s ₹853 crore insolvency plea against Anil Ambani, holding his personal guarantee remains enforceable despite RCOM’s resolution plan.

SC Refuses Relief to Pawan Kumar Ahluwalia in KJS Cement Shareholding Dispute; NCLAT Order Upheld [Read Order] Business
SC Refuses Relief to Pawan Kumar Ahluwalia in KJS Cement Shareholding Dispute; NCLAT Order Upheld [Read Order]

Supreme Court dismisses Pawan Kumar Ahluwalia’s appeal in KJS Cement dispute, upholding NCLAT’s share restoration order.

Eight Months, Multiple Opportunities, No Reply Filed: NCLT Kochi Refuses to Recall Ex Parte Order in Green Hearts Oppression Case [Read Order] Business
Eight Months, Multiple Opportunities, No Reply Filed: NCLT Kochi Refuses to Recall Ex Parte Order in Green Hearts Oppression Case [Read Order]

NCLT Kochi refused to recall an ex parte order in the Green Hearts case, holding negligence of counsel is no ground to reopen proceedings.

SC Allows Lifting of Corporate Veil in Holding Company CIRP to Include Subsidiary Assets; Restores Earth Infrastructure Resolution Plans [Read Judgment]

Supreme Court allows lifting of corporate veil in Earth Infrastructure CIRP, restores stalled project resolution plans, and denies GNIDA penal charges.

High Courts Cannot Nullify Arbitration Proceedings While Substituting Arbitrators: SC [Read Order]

Supreme Court rules High Courts cannot nullify arbitration proceedings while appointing substitute arbitrators under Section 15(2) of the Arbitration Act.

Directors Cannot Be Made Liable for Company’s VAT Dues Without Establishing Negligence: Andhra Pradesh HC [Read Order]

Andhra Pradesh High Court rules directors cannot be held liable for a company’s VAT dues without proof of negligence, misfeasance, or breach of duty.

Delhi HC Rejects Civil Suit Challenging CIRP, Affirms NCLT’s Exclusive Jurisdiction Under IBC [Read Judgment]

Delhi High Court dismisses civil suit challenging CIRP, holds NCLT has exclusive jurisdiction under IBC, bars parallel civil proceedings.


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