SUPREME COURT
Case Title: VENUGOPAL DHOOT vs VOVL LIMITED
Case Number: C.A. 8718/2026
The Supreme Court on Tuesday issued notice in an appeal filed by Videocon Group founder Venugopal Dhoot. The appeal challenges the National Company Law Appellate Tribunal's (NCLAT) May 14, 2026, decision refusing to include the foreign oil and gas assets of Videocon Oil Venture Ltd. (VOVL) and its overseas subsidiaries in the corporate insolvency resolution process (CIRP) of Videocon Industries Ltd.
HIGH COURT
Case Title : Rajaram Food Products India Limited Vs The Joint District Registrar (Class-1) and Collector of Stamps, Nashik and others
Case Number : WRIT PETITION NO. 3018 OF 2026
CITATION : 2026 LLBiz HC(BOM) 404
The Bombay High Court has held that a liquidator conducting a public auction under the Insolvency and Bankruptcy Code (IBC) qualifies as an officer under the Registration Act. Therefore, a sale certificate issued during such an auction is exempt from compulsory registration and stamp duty. The exemption continues so long as only a copy of the sale certificate is filed with the registering authority. Stamp duty becomes payable only if the purchaser later seeks to use the sale certificate for any other purpose.
IBC Moratorium Won't Extinguish Directors' Criminal Liability For Cheque Bounce: Punjab & Haryana HC
Case Title : Ajay Gupta and another Vs Can Bank Factors Limited
Case Number : CRM-M-45498-2019 (O&M)
CITATION : 2026 LLBiz HC(PNH) 36
The Punjab and Haryana High Court on 20 July held that the moratorium under the Insolvency and Bankruptcy Code, 2016 (IBC) cannot extinguish a director's criminal liability for dishonour of cheques issued before commencement of insolvency proceedings against the company. Justice Manisha Batra dismissed a petition filed by Ajay Gupta seeking quashing of proceedings under Section 138 of the Negotiable Instruments Act, 1881 (NI Act) for cheque dishonour, holding that subsequent insolvency and liquidation proceedings of the company cannot shield directors from criminal prosecution for offences already committed.
NCLAT
Case Title : Shree Dhanvantari Pharmaceuticals Vs Konkan Ayur Pharma Private Limited
Case Number : Company Appeal (AT) (Insolvency) 988/2024
CITATION : 2026 LLBiz NCLAT 304
The National Company Law Appellate Tribunal (NCLAT) has recently clarified that where a majority of partners has decided to initiate insolvency proceedings, the petition need not be signed by all of them, as one partner may act on behalf of the firm under the Partnership Act. The tribunal, however, dismissed the appeal before it after holding that the insolvency application was barred by limitation.
Case Title : Sachin Naveen Sinha Vs The Insolvency and Bankruptcy Board of India
Case Number : I.A. No.4537 of 2026 in Company Appeal (AT) (Ins) No. 1165 of 2026
CITATION : 2026 LLBiz NCLAT 306
The National Company Law Appellate Tribunal (NCLAT) in Delhi has recently stayed the operation of the Insolvency and Bankruptcy Board of India's (IBBI) order suspending an insolvency professional from continuing in his other ongoing assignments, while leaving the suspension undisturbed in the corporate insolvency resolution process (CIRP) from which he had been removed. The interim relief allows him to continue in his other assignments pending adjudication of his appeal.
NCLT
NCLT Ahmedabad Directs Moeving To Return 124 EVs Owned By Gensol EV Lease During Insolvency Process
Case Title : Keshav Khaneja RP of Gensol EV Lease Limited Vs Moeving Urban TechnologiesPvt. Ltd
Case Number : IA/I181(AHM)2026 In C.P.(IB)/199(AHM)2025
CITATION : 2026 LLBiz NCLT (AHM) 728
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) on 10 July held that vehicles owned by a Corporate Debtor cannot be retained by a third party merely because they were handed over under a contractual arrangement. A Bench of Judicial Member Shammi Khan and Technical Member Sanjeev Sharma partly allowed the application filed by the Resolution Professional (RP) of Gensol EV Lease Limited and directed Moeving Urban Technologies Pvt. Ltd. to return 124 electric vehicles, along with registration certificates, insurance documents, permits, keys, chargers and accessories, within 15 days.
NCLT Delhi Orders Dissolution of Cross-Border Payments Company Paysend India
Case Title : PAYSEND INDIA PRIVATE LIMITED
Case Number : CP (IB) No. 296/ND/2025
CITATION : 2026 LLBiz NCLT(DEL) 729
The Delhi Bench of the National Company Law Tribunal (NCLT) has ordered the dissolution of cross-border payments company Paysend India Private Limited after finding that its affairs had been completely wound up and its assets fully liquidated The order was passed by the bench of Acting President Bachu Venkat Balaram Das and Technical Member Yogendra Kumar Singh. Paysend India Private Limited was incorporated on July 25, 2022 as a private limited company with its registered office at Nehru Place, South Delhi. The company operated in money transfers, remittances, merchant acquiring, prepaid payment instruments, and multi‑currency digital wallets.
Case Title : D Manuel Anand
Case Number : CP(IBC)/199(CHE)2025
CITATION : 2026 LLBiz NCLT(CHE) 730
The National Company Law Tribunal (NCLT) at Chennai has held that a personal guarantor's withdrawal of an earlier insolvency application after securing a One Time Settlement (OTS) for one loan account does not, by itself, bar the filing of a fresh insolvency application in respect of continuing liabilities. A coram of Judicial Member Jyoti Kumar Tripathi and Technical Member Ravichandran Ramasamy was considering a petition filed by D. Manuel Anand, a personal guarantor to Servo Craft HR Solutions Private Limited, under Section 94(1) of the IBC seeking initiation of the insolvency resolution process against himself.
Case Title : Swapnil Jain, Resolution Professional of Bengal EMTA Coal Mines Limited v. Bengal EMTA Coal Mines Limited
Case Number : IA (IBC) No. 602/KB/2023 in CP (IB) No. 1699/KB/2018)
CITATION : 2026 LLBiz NCLT(KOL) 731
The Kolkata Bench of the National Company Law Tribunal (NCLT) has recently refused to approve the resolution plan submitted by successful resolution applicant Sarika Maiwall for Bengal EMTA Coal Mines Limited. It found that the plan proposed a payout of just ₹86 lakh against admitted claims of nearly ₹299 crore and appeared to extinguish substantial statutory liabilities despite pending proceedings before the Supreme Court.
NCLT Kochi Dismisses Union Bank's Plea To Withdraw CIRP, Says Section 12A Procedure Is Mandatory
Case Title : Union Bank of India v. M/s Air Travel Enterprises India Ltd
Case Number : IA(IBC)/313/KOB/2026 in CP(IB)/33/KOB/2023
CITATION : 2026 LLBiz NCLT(KOC) 736
On Tuesday, 21 July, the Kochi Bench of the National Company Law Tribunal (NCLT) held that once a corporate insolvency resolution process (CIRP) is admitted, it cannot be withdrawn merely on the basis of a bilateral settlement between the financial creditor and the corporate debtor without following the statutory procedure under the Insolvency and Bankruptcy Code (IBC). A Bench of Judicial Member Vinay Goel and Technical Member Ravichandran Ramasamy dismissed Union Bank of India's application seeking withdrawal of the CIRP against Air Travel Enterprises India Limited and imposed costs of Rs. 1 lakh on the Bank.
Rights Of Creditor In CIRP Are Determined By The IBC, Not The Quantum Of Claim: NCLT Chandigarh
Case Title : Rajeev Bhambri Vs Mohit Chawla
Case Number : I.A.(I.B.C)/1221(CH)2025 In CP (IB) No. 248/Chd/Chd/2019
CITATION : 2026 LLBiz NCLT(CHA) 737
The Chandigarh National Company Law Tribunal (NCLT) on 10 July held that a creditor cannot seek disclosure of a resolution plan pending approval merely because it has a substantial claim. The Insolvency and Bankruptcy Code, 2016 (IBC) determines a creditor's rights in a Corporate Insolvency Resolution Process (CIRP), and not the quantum of its dues. A Bench of Judicial Member Khetrabasi Biswal and Technical Member Shishir Agarwal dismissed the application filed by Resolution Professional (RP) Rajeev Bhambri seeking disclosure of the resolution plan of Chandigarh Overseas Private Limited, holding that Bhambri, classified as an “Other Creditor – Related Party”, could not claim access to the plan under the IBC.
NCLT Indore Holds Resolution Professional Cannot Revive Lease Terminated By CoC
Case Title : Kuldeep Tank Vs Vatsal Acharya
Case Number : IA/111(MP)2026 in CP(IB)/16(MP)2024
CITATION : 2026 LLBiz NCLT(IND) 738
The Indore Bench of the National Company Law Tribunal (NCLT) on 7 July held that an unregistered lease deed cannot create valid rights over the Corporate Debtor's property and that a Resolution Professional (RP) cannot revive a lease arrangement that the Committee of Creditors (CoC) has already decided to terminate. The Bench of Judicial Member Brajendra Mani Tripathi and Technical Member Man Mohan Gupta directed Vatsal Acharya to vacate the factory premises of Shree Uttam Food Products, holding that he occupied the premises without valid authority.
NCLT Kochi Holds Kerala Trade Centre Project; Developmental Rights Form Part Of KCCI's CIRP Assets
Case Title : Jossy Steephen Kattur v. Cherupushpam Films Private Limited and Ors
Case Number : IA(IBC)/142/KOB/2026 in CP(IB)/33/KOB/2021
CITATION : 2026 LLBiz NCLT (KOC) 740
The National Company Law Tribunal (NCLT), Kochi, has held that the Kerala Trade Centre project and the development and allied rights vested in Kerala Chamber of Commerce and Industries (KCCI) under a Joint Development Agreement (JDA) form part of the company's asset base during its Corporate Insolvency Resolution Process (CIRP). It also directed the landowner, Cherupushpam Films Private Limited, to cooperate in implementing the resolution plan.
Case Title : ROBIN DAHIYA Vs ABHIMANYU MITTAL
Case Number : IA 39 of 2026 In CP(IB) No. 125/Chd/Hry/2021
CITATION : 2026 LLBiz NCLT(CHA) 741
The Chandigarh Bench of the National Company Law Tribunal (NCLT) on 1 July held that a suspended director has the locus to bring alleged violations of the Insolvency and Bankruptcy Code, 2016 (IBC) and the Corporate Insolvency Resolution Process (CIRP) Regulations before the NCLT, but cannot question the commercial wisdom of the Committee of Creditors (CoC). A Bench comprising Judicial Member Khetrabasi Biswal and Technical Member Shishir Agarwal dismissed an application filed by Robin Dahiya, suspended director of Hygiene Feeds & Farms Pvt. Ltd., seeking rejection of the Resolution Plan approved by the CoC, after finding no statutory violations or procedural irregularities.
NCLT Chandigarh Rejects Department's ₹975.56 Cr Claim Filed 1305 Days Late In Gupta Builders CIRP
Case Title : Dy Commissioner of Income Tax Vs Mukesh Gupta
Case Number : IA(IBC) No. 97/2026 In CP (IB) No. 237/Chd/Chd/2021
CITATION : 2026 LLBiz NCLT(CHA) 745
The Chandigarh National Company Law Tribunal (NCLT) on 10 July held that the Income Tax Department cannot seek condonation of an extraordinary delay to introduce claims after approval of a Resolution Plan, as such belated claims would disturb the finality of the Corporate Insolvency Resolution Process (CIRP). A Bench comprising Judicial Member Khetrabasi Biswal and Technical Member Shishir Agarwal dismissed the application filed by the Deputy Commissioner of Income Tax seeking condonation of a 1305-day delay in filing claims worth Rs. 975.56 crore against Gupta Builders and Promoters Pvt. Ltd.
NCLT Mumbai Dispenses With JSW Steel Unsecured Creditors' Meeting In Piombino Steel Merger
Case Title : Piombino Steel Limited and JSW Steel Limited
Case Number : 02nd July 2026.
CITATION : 2026 LLBiz NCLT (MUM) 747
The National Company Law Tribunal (NCLT), Mumbai, has recently dispensed with the meeting of unsecured creditors of JSW Steel Limited in its proposed amalgamation with its subsidiary, Piombino Steel Limited. It, however, directed the company to issue notices to unsecured creditors with outstanding balances exceeding ₹50 lakh, informing them that they may file objections before the Tribunal within 30 days.
NCLT Chandigarh Upholds Rejection Of ARCIL's ₹3,482 Crore Claim Against JCT Limited As Time-Barred
Case Title : Asset Reconstruction Company (India) Limited Vs Umesh Garg & CoC
Case Number : I.A. No.83 of 2026 In CP(IB) No. 325/Chd/Pb/2023
CITATION : 2026 LLBiz NCLT(CHA) 748
The National Company Law Tribunal (NCLT) in Chandigarh has recently refused to admit Asset Reconstruction Company (India) Limited's claim of ₹3,482 crore in the insolvency process of JCT Limited. Judicial Member Khetrabasi Biswal and Technical Member Shishir Agarwal ruled the debt was time‑barred. “The claim, even if computed from the original invocation in January 2002 or the subsequent default in April 2011, is barred by limitation,” the bench said.
Case Title : Sai Educare Private Limited v. Vensysco Technologies Limited
Case Number : IA No. 108/JPR/2026
CITATION : 2026 LLBiz NCLT(JAI) 749
The National Company Law Tribunal (NCLT) at Jaipur has held that alleged defects in the certified copy of a Board Resolution, including objections that it did not disclose the date of the Board meeting or carried mechanically reproduced signatures, do not invalidate an insolvency application where the Operational Creditor has, in substance, authorized the initiation of proceedings. A coram of Judicial Member Reeta Kohli and Technical Member Kavita Bhatnagar was considering an interlocutory application filed by Sai Educare Private Limited, the corporate debtor, seeking rejection of the Section 9 petition filed by Vensysco Technologies Limited.
IRP, RP Cannot Authorise Recovery Barred By IBC Moratorium: NCLT Indore
Case Title : Prawincharan Prafulcharan Dwary Vs Bank of India
Case Number : IA/42(MP) 2021 in TP 162 of 2019 [CP(IB) 18 of 2017
CITATION : 2026 LLBiz NCLT(IND) 750
The Indore bench of the National Company Law Tribunal (NCLT) has recently held that Bank of India violated the IBC moratorium by appropriating ₹16.49 crore from a company's cash credit account during its Corporate Insolvency Resolution Process (CIRP). The amount was used to discharge letters of credit (LCs) issued before the insolvency commencement date. Holding that the bank had recovered its own pre-CIRP dues during the moratorium, the tribunal directed it to reverse the appropriation. It was also directed to credit the amount to the corporate debtor's account within four weeks.
NCLT Delhi Rejects APS Infra Resolution Plan, Says Resolution Applicant Can't Retain PUFE Recoveries
Case Title : Praveen Kumar Garg Vs APS Infra Engineers Private Limited
Case Number : I.A. No. 65/ND/2025 IN CP(IB)-556/ND/2023
CITATION : 2026 LLBiz NCLT(DEL) 751
The Delhi bench of the National Company Law Tribunal (NCLT) has held that a resolution plan allowing the Successful Resolution Applicant (SRA) to retain recoveries from avoidance (PUFE) transactions is contrary to the CIRP Regulations. Rejecting the resolution plan submitted by SPG Infra Projects Pvt. Ltd. for APS Infra Engineers Pvt. Ltd., the bench ordered the company's liquidation. "When we talk of distribution, the understanding would be that the same should be distributed amongst the creditors.
Could the intention of Regulation be that the proceeds could be retained by the SRA, there could be such provision in the Regulation or the Regulation could say that the Plan will provide that how the proceed would be dealt with," the court observed while interpreting Regulation 38(2)(d) of the CIRP Regulations.