HIGH COURT
Penal Charges In Debt Claim Do Not Oust NCLT's IBC Jurisdiction: Gujarat High Court
Case Title : TAKSHASHILA RESICOM PRIVATE LIMITED & ORS Vs SHETH FINCAP SERVICES PRIVATE LIMITED & ORS
Case Number : SPECIAL CIVIL APPLICATION NO. 13836 of 2026
CITATION : 2026 LLBiz HC (GUJ) 167
The Gujarat High Court, on 23 October, held that the inclusion of penal charges and interest in a financial creditor's claim does not, by itself, oust the National Company Law Tribunal's (NCLT) jurisdiction to entertain an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC).
NCLAT
NCLAT Rejects Interest Claim On CIRP Dues, Says ICA Circular Has No Statutory Backing
Case Title : Parkash Cotton Pressing Factory Vs Allahabad Bank & Ors
Case Number : Company Appeal (AT) (Insolvency) 328/2025
CITATION : 2026 LLBiz NCLAT 414
The National Company Law Appellate Tribunal (NCLAT) at Delhi has recently declined to recognise an interest claim on delayed payment of CIRP dues founded solely on a circular issued by the Indian Cotton Association Limited.
CoC Approval Of Resolution Plan Does Not Establish Suspended Management's Cooperation With RP: NCLAT
Case Title : Narayan Ramchandra Ghumatkar Vs Kiran Shah
Case Number : Company Appeal (AT) (Insolvency) 1766/2024
CITATION : 2026 LLBiz NCLAT 415
The National Company Law Appellate Tribunal (NCLAT) at Delhi has upheld an order imposing costs on a suspended director for failing to cooperate with the Resolution Professional (RP). It ruled that approval of a resolution plan by the Committee of Creditors (CoC) does not raise a presumption that the suspended management fulfilled its statutory duty to cooperate during the corporate insolvency resolution process (CIRP).
NCLAT New Delhi Upholds Forensic Audit Of Mufin Green Over ₹1.34 Cr. Gensol Security Deposit Dispute
Case Title : Mufin Green Finance Ltd. Vs Keshav Khaneja
Case Number : Company Appeal (AT) (Insolvency) 1822/2026
CITATION : 2026 LLBiz NCLAT 416
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT), on 30 October, upheld an order directing a forensic audit of Mufin Green Finance Ltd.'s records to ascertain when it appropriated a security deposit of Rs. 1.34 crore in connection with the Corporate Insolvency Resolution Process (CIRP) of Gensol Engineering Ltd.
Case Title : Jet Airways (India) Ltd. Through Mr. Satish Kumar Gupta, Liquidator, Jet Airways (India) Ltd. Vs. The Boeing Company
Case Number : Comp. App. (AT) (Ins) No. 2101 of 2026
The National Company Law Appellate Tribunal (NCLAT), Delhi, on Tuesday issued notice to US-based aircraft manufacturer Boeing on an appeal filed by Jet Airways' liquidator challenging the dismissal of his application seeking a refund of $92.12 million paid towards the purchase of aircraft that were never delivered.
Case Title : Aakash Educational Services Ltd Vs GLAS Trust Company LLC & 2 Ors.
Case Number : Comp App (AT) (CH) (Ins) No. 50/2025
The National Company Law Appellate Tribunal (NCLAT) at Chennai has allowed the withdrawal of three appeals arising from the rights issue dispute between Aakash Educational Services Limited and Think & Learn Private Limited, the parent company of Byju's, while granting liberty to revive the appeals if the settlement between the parties fails.
Case Title : Deputy Commissioner of Commercial Taxes,(Audit) - I, Mangaluru Vs Doshion Private Limited & Sumedha Management Solutions Private Limited
Case Number : Company Appeal (AT) (Insolvency) 1752/2026
CITATION : 2026 LLBiz NCLAT 417
The National Company Law Appellate Tribunal (NCLAT) at Delhi has recently observed that admitting a government department's claim three years after the deadline in a liquidation process would place it in a more favourable position than other operational creditors. These creditors had complied with the prescribed timelines.
NCLAT Sets Aside Insolvency Proceedings Against Flexituff Technology International Ltd
Case Title : Lalit Narware Ex-Director of Flexituff Technology International Limited VS Marvel Industries And Services Private Limited & Anr
Case Number : Company Appeal (AT) (Insolvency) No. 1742 of 2026
The National Company Law Appellate Tribunal (NCLAT) at Delhi has set aside the insolvency proceedings against FIBC manufacturer Flexituff Technology International Ltd. The order was passed by the Bench of Judicial Member Justice Yogesh Khanna and Technical Member Barun Mitra, The Bench observed, "..the adjudicating authority has erroneously admitted the application under Section 9. We allow the appeal, set aside the impugned order. The Corporate Debtor is released from the rigours of CIRP and is allowed to function independently through its board of directors."
Case Title : VINOD DOULATANI Vs IIFL ONE VALUE FUND- SERIES B & NAMRATA AMOL RANDERI,
Case Number : Company Appeal (AT) (Insolvency) 1175/2026
CITATION : 2026 LLBiz NCLAT 419
The National Company Law Appellate Tribunal (NCLAT) at Delhi has recently held that objections questioning a financial creditor's locus to initiate insolvency proceedings against personal guarantors cannot be adjudicated before the adjudicating authority takes up the insolvency application for a decision on whether it should be accepted or rejected.
Recall Jurisdiction Cannot Be Used To Reopen Concluded Orders On Merits: NCLAT New Delhi
Case Title : EXCEL ARCADE PRIVATE LIMITED Vs UNITY SMALL FINANCE BANK LIMITED
Case Number : I.A No. 7094 of 2026 in I.A. No. 1245 of 2026 in Comp. App. (AT) (Ins) No. 330 of 2026
CITATION : 2026 LLBiz NCLAT 418
The National Company Law Appellate Tribunal (NCLAT), New Delhi, on 2 November held that a concluded order rejecting an application for condonation of delay cannot be reopened through recall proceedings to secure a review on merits, unless established grounds such as fraud, collusion, lack of jurisdiction or judicial error are demonstrated.
NCLAT Delhi Sets Aside FTF Pharma Insolvency, Says Pre-Existing Dispute Bars Admission
Case Title : Mr. Abhay Sapre Vs Immacule Lifesciences Private Limited
Case Number : Company Appeal (AT) (Insolvency) 1781/2026
CITATION : 2026 LLBiz NCLAT 420
The National Company Law Appellate Tribunal (NCLAT), New Delhi, on 4 November set aside the admission of insolvency proceedings against FTF Pharma Private Limited, finding that a genuine pre-existing dispute existed between the parties before the issuance of the statutory demand notice under the Insolvency and Bankruptcy Code (IBC), 2016.
NCLAT Rejects MSME Company's Challenge To CIRP After It Failed To Invoke Rehabilitation Framework
Case Title : Sh. Jadabendra Pradhan Vs Canara Bank
Case Number : Company Appeal (AT) (Insolvency) 174/2026
CITATION : 2026 LLBiz NCLAT 422
The National Company Law Appellate Tribunal (NCLAT) at Delhi has recently rejected an MSME company's plea against insolvency proceedings, noting that it had failed to invoke the MSME rehabilitation framework at the appropriate stage.
Case Title : Anil Khandelwal & NOIDA Holdings Pvt. Ltd Vs Committee of Creditors of Technofab Engineering Limited & Atul Mittal
Case Number : Company Appeal (AT) (Insolvency) 1720/2026
CITATION : 2026 LLBiz NCLAT 421
The National Company Law Appellate Tribunal (NCLAT), Delhi, on 4 November held that the failure to apply for a certified copy within the limitation period rendered the appeal incompetent under the Insolvency and Bankruptcy Code (IBC), 2016, and the NCLAT Rules.
Admission Of Claim By RP Not Acknowledgement Of Debt Under Section 18 Of Limitation Act: NCLAT Delhi
Case Title : Poonam Anoop Wadhera Vs Canara Bank
Case Number : Company Appeal (AT) (Insolvency) 666/2026
CITATION : 2026 LLBiz NCLAT 423
The National Company Law Appellate Tribunal (NCLAT), Delhi, on 27 October held that a Resolution Professional (RP)'s admission of a creditor's claim during corporate insolvency proceedings does not amount to an acknowledgement of debt under Section 18 of the Limitation Act, 1963, to extend the limitation period for initiating insolvency proceedings against a personal guarantor.
NCLT
NCLT Mumbai Admits Insolvency Plea Against Dynamix Securities For Default Of Rs. 518.89 Crore
Case Title : DB View Infracon Private Limited v. Dynamix Securities and Holdings Private Limited
Case Number : CP (IB) No. 421/MB/2024
CITATION : 2026 LLBiz NCLT (MUM) 1078
The National Company Law Tribunal (NCLT), Mumbai has admitted an insolvency petition against Dynamix Securities and Holdings Private Limited over a default of ₹518.89 crore to DB View Infracon Private Limited.
Case Title : Premraj Ramratan Laddha (Liquidator of Euro Ceramics Limited) v. Nirav Anupam Tarkas
Case Number : Cont. A No. 22 of 2026 in CP (IB) No. 66/MB/2018
CITATION : 2026 LLBiz NCLT (MUM) 1079
On 29 October, the National Company Law Tribunal (NCLT), Mumbai, held Nirav Anupam Tarkas, former liquidator of Euro Ceramics Limited, guilty of contempt for failing to refund excess fees withdrawn from the company's liquidation account despite a direction to do so.
Case Title : Ganesh Venkata Siva Rama Krishna Remani (Resolution Professional of Barracks Retail India Private Limited) v. Puneet P. Bhatia & Anr.
Case Number : IA No. 2427 of 2025 in CP (IB) No. 280(MB) of 2023
CITATION : 2026 LLBiz NCLT (MUM) 1080
The National Company Law Tribunal (NCLT), Mumbai, has directed the former directors of Barracks Retail India Private Limited to contribute a combined ₹16.84 crore to the company's assets. The direction follows findings that the company was involved in fraudulent trading through write-offs of inventory and trade receivables, along with withdrawal of company funds.
NCLT Mumbai Admits West Gujarat Expressway's Voluntary Insolvency Plea Over ₹227.20 Crore Debt
Case Title : West Gujarat Expressway Limited
Case Number : CP (IB) No. 218(MB)/2026
CITATION : 2026LLBiz NCLT (MUM) 1083
On 2 November, the National Company Law Tribunal (NCLT), Mumbai, admitted a voluntary insolvency petition filed by West Gujarat Expressway Limited under Section 10 of the Insolvency and Bankruptcy Code, 2016 (IBC), initiating the corporate insolvency resolution process (CIRP).
Equity Contribution Cannot Be Treated As Operational Debt Under IBC: NCLT Chennai
Case Title : ISPT LLC v. Indo Shell Mould Limited'
Case Number : CP(IB)/265(CHE)/2025
CITATION : 2026 LLBiz NCLT (CHE) 1086
The National Company Law Tribunal (NCLT), Chennai, on 7 October held that an unpaid equity contribution does not qualify as operational debt under the Insolvency and Bankruptcy Code (IBC), 2016, and cannot form the basis of a petition under Section 9 of the Code.
Auction Buyer Cannot Withhold Balance Payment Over Pending Statutory Permissions: NCLT Mumbai
Case Title : Mukesh Khathuria, Liquidator of Vindhyavasini Corporation Pvt. Ltd. v. Abhisheksinh F. Chauhan, Proprietor of M/s Haveli Properties Group
Case Number : IA No. 414 of 2026 in CP (IB) No. 65/MB/2020
CITATION : 2026 LLBiz NCLT (MUM) 1087
The National Company Law Tribunal (NCLT), Mumbai, on 16 October held that an auction purchaser cannot indefinitely withhold the balance sale consideration on the ground that statutory permissions for the transfer of auctioned properties remain pending.
NCLT Mumbai Declares Videocon Promoter Venugopal Dhoot Bankrupt Over ₹12,668 Cr Default To SBI
Case Title : State Bank of India vs Mr. Venugopal Nandlal Dhoot
Case Number : CP (IB) No. 1015 OF 2026
CITATION : 2026 LLBiz NCLT (MUM) 1092
The National Company Law Tribunal at Mumbai (NCLT) on Thursday declared former Videocon Industries promoter and director Venugopal Nandlal Dhoot bankrupt over a default of approximately ₹12,668 crore owed to the State Bank of India in his capacity as a personal guarantor to the company's credit facilities.
NCLT Ahmedabad Allows Accord Industries 30 Days To Recover ₹30.48 Crore From Ex-Promoters
Case Title : Ravi Kapoor, Liquidator of Accord Industries Limited
Case Number : IA No. 1309 (AHM) 2026 in CP (IB) No. 143 of 2017
CITATION : 2026 LLBiz NCLT (AHM) 1091
The National Company Law Tribunal (NCLT), Ahmedabad, on 7 October permitted the liquidation proceedings of Accord Industries Limited to continue for 30 days to enable the Liquidator to pursue recovery of Rs. 30.48 crore from the company's erstwhile directors and promoters, whom the Tribunal had held liable for fraudulent and wrongful trading.
Case Title : Tata Capital Housing Finance Limited Vs Dharan Infra-EPC Limited
Case Number : IVN.P/9/2026 in C.P. (IB)/729(MB)2025
CITATION : 2026 LLBiz NCLT (MUM) 1094
The National Company Law Tribunal at Mumbai has refused to permit withdrawal of insolvency proceedings against Dharan Infra-EPC Limited, holding that settlement with one financial creditor does not establish the company's ability to resolve its overall financial distress when substantial dues to other creditors remain unpaid.
IBBI
IBBI Directs Insolvency Professionals To Display CIRP Notices At Real Estate Project Sites
The Insolvency and Bankruptcy Board of India (IBBI) has directed insolvency professionals handling the Corporate Insolvency Resolution Process (CIRP) of companies with one or more real estate projects to display notices announcing the insolvency proceedings at each project site and the company's offices within seven days of their appointment.
MCA Joint Secretary Tanvi Sundriyal Appointed As Ex-Officio Member Of IBBI
The Ministry of Corporate Affairs has appointed Tanvi Sundriyal, Joint Secretary in the Ministry, as an ex-officio member of the Insolvency and Bankruptcy Board of India (IBBI).