Supreme Court upholds forfeiture of ₹6.39 crore deposited by an IBC liquidation auction bidder, holding that clear auction terms permitting forfeiture bind the successful bidder who fails to pay the balance consideration within 90 days.
Read Full ArticleNCLT Delhi directs B9 Beverages, its promoters, financiers and creditors to attempt mediation, warns against further indulgence if settlement fails and restrains disposal of company assets.
NCLT Chennai dismissed a Section 7 IBC plea, holding that a loan paid to a director’s personal account is not a company’s financial debt without proof of corporate borrowing or use of funds for its business.
The NCLT on August 26 approved Essel Group founder Subhash Chandra's repayment plan of Rs 6.5 crore against admitted claims of Rs 22,006.57 crore, a 99.97% creditor haircut. NCLT Member Nilesh Sharma ruled as tiebreaker after a split bench. Congress's Jairam Ramesh called it a "mundan" and a complete mockery of the IBC.
Law Ministry issues fresh empanelment guidelines for advocates representing the Union of India, covering eligibility, experience, tenure, fees, conduct and de-empanelment.
Supreme Court holds that suspension, idling and demobilization damages from a contract breach do not constitute operational debt under the IBC unless crystallized by a competent court or arbitral trib...
Lok Sabha passes Tribunals Reforms Bill, 2026, proposing a National Tribunals Commission to oversee appointments, performance and functioning of 16 Tribunals.
NCLAT dismisses Taguda Pte Ltd's appeal against liquidation of Ushdev International, holds resolution plan implementation delay of over three years unjustified, imposes Rs 5 lakh cost.
Supreme Court sets aside NCLT, NCLAT orders over AI-hallucinated fake citations, declares zero tolerance, and directs Bar Council to frame disciplinary guidelines.
Centre moves Supreme Court against Gujarat HC ruling restricting NCLT President’s power to transfer cases across Benches beyond territorial limits.
ITAT Delhi deletes ₹3,885 crore angel tax addition against OYO, holding Section 56(2)(viib) cannot apply to intra-group capital infusion.
NCLT admits SBI’s ₹853 crore insolvency plea against Anil Ambani, holding his personal guarantee remains enforceable despite RCOM’s resolution plan.
Supreme Court dismisses Pawan Kumar Ahluwalia’s appeal in KJS Cement dispute, upholding NCLAT’s share restoration 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.
Supreme Court allows lifting of corporate veil in Earth Infrastructure CIRP, restores stalled project resolution plans, and denies GNIDA penal charges.
The Senior Citizen Rights Handbook is a comprehensive guide designed to empower elderly citizens with clear and accessible knowledge of their legal and social rights in India.
![EMD Can Be Forfeited If Auction Terms Require It On Failure To Pay Balance: SC [Read Judgment]](/secure/uploads/2026/09/lj_1380_ChatGPT_Image_Sep_30,_2026,_03_07_06_AM.webp)
![NCLT Sends Bira, Creditors To Mediation, Warns No Further Indulgence If Talks Fail [Read Order]](/secure/uploads/2026/09/lj_6850_NCLT_Sends_Bira_Creditors.webp)
![Loan Paid To Director’s Personal Account Is Not Company’s Financial Debt: NCLT Chennai [Read Order]](/secure/uploads/2026/09/lj_2121_ChatGPT_Image_Sep_11,_2026,_01_49_44_AM.webp)
![Uncrystallized Damages From Breach of Contract Not Operational Debt Under IBC : SC [Read Judgment]](/secure/uploads/2026/08/lj_5297_ChatGPT_Image_Aug_13,_2026,_02_08_42_AM.webp)
![Lok Sabha Passes Tribunals Reforms Bill, 2026, To Establish National Tribunals Commission [Read Bill]](/secure/uploads/2026/08/lj_3117_ChatGPT_Image_Aug_11,_2026,_01_54_33_AM.webp)
![NCLAT Upholds Liquidation, Holds Section 31(4) Approval Timeline Is Mandatory, Not Directory [Read Judgment]](/secure/uploads/2026/07/lj_4973_ChatGPT_Image_Jul_8,_2026,_05_37_43_PM.webp)
![OYO Wins Rs 3,885 Crore Tax Battle: ITAT Delhi Holds Angel Tax Provision Cannot Apply To Intra-Group Capital Infusion [Read Order]](/secure/uploads/2026/06/lj_1608_OYO_Wins_Rs_3885_Crore_Tax_Battle.webp)
![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]](/secure/uploads/2026/06/lj_2219_Anil_Ambani_Faces_Personal.webp)
![SC Refuses Relief to Pawan Kumar Ahluwalia in KJS Cement Shareholding Dispute; NCLAT Order Upheld [Read Order]](/secure/uploads/2026/05/lj_7287_SC_Refuses_Relief_to_Pawan.webp)
![Eight Months, Multiple Opportunities, No Reply Filed: NCLT Kochi Refuses to Recall Ex Parte Order in Green Hearts Oppression Case [Read Order]](/secure/uploads/2026/05/lj_6020_Eight_Months_Multiple.webp)
![SC Allows Lifting of Corporate Veil in Holding Company CIRP to Include Subsidiary Assets; Restores Earth Infrastructure Resolution Plans [Read Judgment]](/secure/uploads/2026/05/lj_5700_SC_Allows_Lifting_of_Corporate.webp)
