SUPREME COURT
IBC Moratorium Applies Only To Corporate Debtor, Not Directors Or Promoters: Supreme Court
Case Title : TEJAS J.SHAH & AMISHA T. SHAH & ORS VERSUS MANTRI TECHNOLOGY CONSTELLATIONS PVT.LTD.
Case Number : CIVIL APPEAL NOS.4289-4290 OF 2025
CITATION : 2026 LLBiz SC 248
The Supreme Court on Monday held that the moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016, operates only against the corporate debtor. It ruled that courts or adjudicating authorities cannot enlarge its scope to cover directors, promoters, subsidiary companies, personal guarantors or any other persons unless the statute expressly provides so. The court observed that the scope of the moratorium is statutory and must remain confined to what Section 14 contemplates.
Case Title : ONE CITY INFRASTRUCTURE PRIVATE LIMITED Versus GHAZIABAD DEVELOPMENT AUTHORITY AND ORS.
Case Number : C.A. No. 4473/2026
The Supreme Court on Thursday criticised the Ghaziabad Development Authority (GDA) and the Uttar Pradesh government for delaying approvals required to implement the resolution plan for Ansal Urban Condominiums Pvt. Ltd. (AUCPL), saying the authorities' "callous attitude" had forced around 1,600 homebuyers to litigate for nearly two decades. The court was hearing an appeal filed by One City Infrastructure Pvt. Ltd., the successful resolution applicant (SRA) for AUCPL, against the National Company Law Appellate Tribunal's (NCLAT) orders dated April 22, 2024, and February 5, 2026.
Supreme Court Upholds CIRP Against Rana Kapoor-Linked Bliss Companies
Case Title : BINDU KAPOOR SUSPENDED DIRECTOR BLISS ABODE PRIVATE LIMITED vs MAMTA BINANI RESOLUTION PROFESSIONAL
Case Number : C.A. 8431/2026
The Supreme Court on Friday refused to interfere with the National Company Law Appellate Tribunal's (NCLAT) judgment upholding the initiation of corporate insolvency resolution proceedings (CIRP) against Rana Kapoor-linked Bliss Abode Pvt. Ltd. and Bliss House Pvt. Ltd. It dismissed the appeals filed by suspended director Bindu Kapoor. A bench of Justices Sanjay Kumar and Sanjeev Sachdeva declined to interfere with the NCLAT's decision upholding the admission of Section 7 applications filed by JC Flowers Asset Reconstruction Pvt. Ltd.
Uncrystallised EPFO Interest, Damages Are Contingent Liabilities Under IBC: Supreme Court
Case Title : EMPLOYEES PROVIDENT FUND ORGANISATION VERSUS RACHNA JHUNJHUNWALA & ANR.
Case Number : Civil Appeal No(s). 9768/2026
CITATION : 2026 LLBiz (SC) 254
The Supreme Court has recently held that interest and damages on unpaid provident fund dues, if not determined before the commencement of the Corporate Insolvency Resolution Process (CIRP), are contingent liabilities. "Though PF dues are excluded from the liquidation estate under Section 36(4)(iii) of IBC, liability of CD towards interest and damages payable under Section 7Q and 14B of the 1952 Act, if not determined and finalized before CIRP commencement, would fall in the category of a contingent liability," the court ruled.
HIGH COURT
KSEB Cannot Demand Previous Owner's Power Dues From Auction Purchaser: Kerala High Court
Case Title : G. Nagendran v. Kerala State Electricity Board and Anr
Case Number : WA No. 1718 of 2022
CITATION : 2026 LLBiz HC(KER) 146
The Kerala High Court on Tuesday held that the Kerala State Electricity Board (KSEB) cannot insist that an auction purchaser of the assets of a company in liquidation clear the previous consumer's electricity arrears as a condition for obtaining a fresh electricity connection. A Division Bench of Justice A.K. Jayasankaran Nambiar and Justice Preeta A.K. ruled that the Electricity Act, 2003, the Kerala Electricity Supply Code, 2005; and the KSEB Terms and Conditions of Supply, 2005 do not permit recovery of an erstwhile consumer's dues from a subsequent purchaser seeking a fresh electricity connection.
NCLAT
Easement Right Disputes Affecting Liquidation Fall Within NCLT's Jurisdiction: NCLAT New Delhi
Case Title : ARC Research and Development Centre Limited & Ors Vs Liquidator of Adya Oils and Chemicals Ltd & Ors
Case Number : Company Appeal (AT) (Insolvency) 292/2025
CITATION : 2026 LLBiz NCLAT 308
The New Delhi National Company Law Appellate Tribunal (NCLAT) on 29 July held that the National Company Law Tribunal (NCLT) can decide disputes over an easementary right of way under the Insolvency and Bankruptcy Code, 2016 (IBC) where the dispute has a direct connection with the corporate insolvency resolution process or liquidation and affects value maximisation of the corporate debtor's assets.
Operational Creditor Cannot Use Conflicting Debt Documents To Extend Limitation: NCLAT New Delhi
Case Title : Sturdy Industries Limited Vs Surya Irrigation Private Limited
Case Number : Company Appeal (AT) (Insolvency) 607/2025
CITATION : 2026 LLBiz NCLAT 309
The New Delhi National Company Law Appellate Tribunal (NCLAT) on 29 July held that an operational creditor cannot invoke insolvency proceedings by relying on inconsistent documents regarding the debt claimed and simultaneously seek to treat those documents as an acknowledgement of liability to extend the limitation period under Section 18 of the Limitation Act, 1963. A Bench comprising Judicial Member Justice N Seshasayee and Technical Member Arun Baroka dismissed the appeal filed by Sturdy Industries Limited against the order of the Jaipur Bench of the National Company Law Tribunal (NCLT), which had rejected its insolvency petition as time-barred and affected by pre-existing disputes.
NCLAT Dismisses DoT Appeal Against Rolta India Resolution Plan, Cites Its Implementation
Case Title : UNION OF INDIA Vs ROLTA INDIA LIMITED & Ors
Case Number : Company Appeal (AT) (Insolvency) 399/2026
CITATION : 2026 LLBiz NCLAT 310
The National Company Law Appellate Tribunal (NCLAT) on Thursday dismissed the Department of Telecommunications' (DoT) appeal challenging the National Company Law Tribunal's (NCLT) approval of the ₹900 crore resolution plan for Rolta India Limited. It held that once a resolution plan has been approved and fully implemented, statutory creditors cannot seek to reopen claims they failed to pursue in time.
NCLT
Impleadment Plea Can't Be Rejected Because Locus Standi Was Challenged Before It: NCLT Bengaluru
Case Title : Manyta Infrastructure Developments Pvt. Ltd v. Bouyant Technology Constellations Pvt. Ltd.
Case Number : CA No. 37/2026 in CP (IB) No. 121/BB//2025
CITATION : 2026 LLBiz NCLT (BEN) 756
The National Company Law Tribunal (NCLT), Bengaluru Bench, has held that an impleadment application cannot be rejected merely because it was filed after an objection to the petitioner's locus standi. "The scope of consideration in an application under Order I Rule 10(2) CPC is not confined to examining whether a party strengthens the case of the Applicant but for the tribunal to assess whether the presence of such party is necessary for complete, effective and final adjudication of the issues/controversy involved in the proceedings," the tribunal held.
NCLT Ahmedabad Dismisses Jindal's Insolvency Plea Against Kunal Structure For Failing IBC Threshold
Case Title : Jindal (India) Limited Vs Kunal Structure (India) Private Limited
Case Number : CP(IB)/14(AHM)2023
CITATION : 2026 LLBiz NCLT (AHM) 753
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) on 17 July dismissed the insolvency application filed by Jindal (India) Limited against Kunal Structure (India) Private Limited, holding that disputes regarding short-weight and LC charges reduced the undisputed claim below the statutory threshold of 1 crore.
Case Title : Elite Design Private Limited Vs Colorbar Cosmetics Private Limited
Case Number : CP (IB)-228/ND/2026
CITATION : 2026 LLBiz NCLT(DEL) 754
The New Delhi National Company Law Tribunal (NCLT) on 21 July held that an insolvency petition cannot be admitted when the Corporate Debtor establishes a genuine pre-existing dispute supported by substantial material. A Bench comprising Judicial Member Ashok Kumar Bhardwaj and Technical Member Banwari Lal Meena dismissed the insolvency petition filed by Elite Design Private Limited against Colorbar Cosmetics Private Limited, holding that the dispute raised by the latter was not a sham defence.
Separate Corporate Debtors' Defaults Cannot Be Combined To Meet ₹1 Crore IBC Threshold: NCLT Mumbai
Case Title : Mr R Srikant Ayyer Vs Neogreen Agriculture Llp
Case Number : C.P.(IB)/654(MB)2026
CITATION : 2026 LLBiz NCLT (MUM) 759
The Mumbai National Company Law Tribunal (NCLT) on 7 July held that a financial creditor cannot aggregate defaults owed by different corporate debtors to meet the minimum default threshold under Section 4 of the Insolvency and Bankruptcy Code, 2016 (IBC), even if the entities belong to the same corporate group. A Bench of Judicial Member Nilesh Sharma and Technical Member Sameer Kakar dismissed an insolvency application filed by Mr. R. Srikant Ayyer against Neogreen Agriculture LLP after finding that the default attributable to the respondent was below the statutory threshold of Rs. 1 crore.
Case Title : Jaykishan R Rathi Vs Ashok Kumar Baid & Ors
Case Number : IA No. 281 of 2023 In CP (IB) No. 6/NCLT/AHM/2021
CITATION : 2026 LLBiz NCLT (AHM) 757
The Ahmedabad National Company Law Tribunal (NCLT) on 13 July held that a consortium lender cannot unilaterally release a mortgaged property under a One Time Settlement (OTS) if such release prejudices the pari passu security interest of another secured creditor. A Bench comprising Judicial Member Chitra Hankare and Technical Member Dr. V.G. Venkata Chalapathy allowed the application and directed the suspended management of Baid Industries to restore Rs. 5,14,24,288 along with 12% simple interest to the liquidator.
Forensic Audit Report Alone Cannot Prove Fraudulent Trading Under IBC Section 66: NCLT Ahmedabad
Case Title : Shri Ramchandra Dallaram Choudhary Vs Gulabchand Jain & Anr.
Case Number : IA/505(AHM)2021 in CP(IB) 342 of 2018
CITATION : 2026 LLBiz NCLT (AHM) 758
The Ahmedabad National Company Law Tribunal (NCLT) on 13 July held that a forensic audit report cannot, by itself, establish fraudulent trading under Section 66 of the Insolvency and Bankruptcy Code, 2016 (IBC), unless the Resolution Professional independently examines the transactions and forms the statutory opinion required under Regulation 35A of the CIRP Regulations. A Bench of Judicial Member Chitra Hankare and Technical Member Dr VG Venkata Chalapathy rejected the liquidator's application against former directors of Vijay Timber Industries Pvt Ltd, holding that the Resolution Professional had failed to independently determine whether the transactions amounted to fraudulent trading.
NCLT Chennai Admits Insolvency Plea Against Pradhin Limited Over ₹12.98 Crore Default
Case Title : Tatad Nayan Gautambhai v. Pradhin Limited
Case Number : CP(IBC)/39(CHE)/2026
CITATION : 2026 LLBiz NCLT(CHE) 762
The National Company Law Tribunal (NCLT) at Chennai has admitted an insolvency petition against Pradhin Limited after finding that the financial creditor had established the existence of a financial debt and default of ₹12.98 crore. The shares of Pradhin Limited are listed on Bombay Stock Exchange Limited. The tribunal initiated the Corporate Insolvency Resolution Process against the company and appointed Rajesh Jasti as the interim resolution professional.
NCLT Ahmedabad Rejects Machino Polymers' Plea To Revise Claim In Sintex-BAPL Ltd Insolvency Case
Case Title : Machino Polymers Limited Vs Ashish Chhhawchharia
Case Number : IA/42(AHM)2026 in CP(IB) 759 of 2019
CITATION : 2026 LLBiz NCLT (AHM) 763
The Ahmedabad National Company Law Tribunal (NCLT) on 2 July held that an approved Resolution Plan cannot be modified to revise admitted claims after the conclusion of the Corporate Insolvency Resolution Process (CIRP), as it attains finality and binds all stakeholders. A Bench comprising Judicial Member Shammi Khan and Technical Member Sanjeev Sharma dismissed an application filed by Machino Polymers Limited seeking revision of its admitted claim against Sintex-BAPL Ltd., holding that no direction could be issued to the Resolution Professional to alter admitted claims or records after approval of the Resolution Plan.
NCLT Ahmedabad Rejects Insolvency Plea Against Manpasand Beverages Over Time-Barred ₹34.40 Cr Claim
Case Title : Do Well Moulds Vs Manpasand Beverages Ltd
Case Number : CP(IB) 764 of 2019
CITATION : 2026 LLBiz NCLT (AHM) 765
The Ahmedabad National Company Law Tribunal (NCLT) on 14 July dismissed the insolvency application filed by Do Well Moulds against Manpasand Beverages Ltd., holding that the claim was time-barred and involved pre-existing disputes regarding the genuineness of the transactions. A Bench comprising Judicial Member Chitra Hankare and Technical Member Dr. VG Venkata Chalapathy noted that an insolvency application cannot be admitted where the claim is barred by limitation, disputed prior to the demand notice, and arises from transactions allegedly linked to fraudulent circular trading.
Subsequent Shareholding Changes Cannot Retrospectively Cleanse Related-Party Status: NCLT Chandigarh
Case Title : Mona Portfolio Ltd. Vs Mohit Chawla
Case Number : I.A.(I.B.C)/1082(CH)2025 in CP (IB) No. 248/Chd/Chd/2019
CITATION : 2026 LLBiz NCLT(CHA) 766
The Chandigarh bench of the National Company Law Tribunal (NCLT) has recently ruled that a subsequent change in shareholding or directorship cannot retrospectively erase a company's related-party status for transactions entered into earlier. Dismissing an application filed by Mona Portfolio Ltd., the court held that the company had failed to establish that its claim against Chandigarh Overseas Pvt. Ltd. was a financial debt.
One Workman Cannot Represent Others In IBC Proceedings Without Authorisation: NCLT Kochi
Case Title : Devassykutty C.R and Ors v. Mr. Kizhakkekara Kuriakose Jose and Anr
Case Number : IA(IBC)/122/KOB/2026 in CP(IB)/29/KOB/2022
CITATION : 2026 LLBiz NCLT(KOC) 767
The National Company Law Tribunal (NCLT), Kochi has held that an application filed in the names of multiple workmen cannot be maintained on behalf of those who did not authorise the sole signatory to represent them. “….in the absence of any specific authorisation, authority, or power of attorney in favour of the signatory, the other applicants would not be bound by any action taken by the signatory. Since they may rely on the acts done by the signatory, which would not be binding upon them, it would not be appropriate for this Adjudicating Authority to permit the signatory to continue with this IA on behalf of the other applicants.” the tribunal ruled
Merits Of Oppression Plea Not To Be Examined While Deciding Waiver Application: NCLT Mumbai
Case Title : Devaunshi Mehta nee Thackersey Versus Bhishma Realty Ltd. & Ors.
Case Number : IA (Companies Act) No. 62 (MB) 2026 In Company Petition No. 28 of 2026 CITATION : 2026 LLBiz NCLT (MUM) 769
The Mumbai National Company Law Tribunal (NCLT) has held that while considering an application seeking waiver of eligibility requirements under the proviso to Section 244(1) of the Companies Act, 2013 (which prescribes the minimum shareholding threshold to file oppression and mismanagement petitions), the Tribunal need not examine the merits of the proposed petition. A Bench comprising Technical Member Prabhat Kumar and Judicial Member Sushil Mahadeorao Kochey was hearing an application filed by Devaunshi Mehta, a shareholder holding approximately 4.65% of the paid-up share capital of Bhishma Realty Ltd., seeking waiver of the requirement to maintain a petition under Sections 241 and 242 of the Companies Act, 2013 (provisions dealing with oppression and mismanagement of a company's affairs).
Case Title : Mangaldas Finance Vs Milano Papers Private Limited
Case Number : C.P.(IB)/38(AHM)2026
CITATION : 2026 LLBiz NCLT (AHM) 770
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has held that a money lender who advances funds only to help a corporate debtor clear an existing bank loan cannot, in the facts of the case, claim the status of a financial creditor under the Insolvency and Bankruptcy Code (IBC). It rejected a Section 7 insolvency plea filed by Gujarat-based Mangaldas Finance seeking initiation of the corporate insolvency resolution process against Milano Papers Pvt. Ltd.
Case Title : LIS STUDYLINK INDIA PVT. LTD.
Case Number : (IB)-467/ND/2025
CITATION : 2026 LLBiz NCLT(DEL) 771
The New Delhi National Company Law Tribunal (NCLT) on 15 July ordered the dissolution of Lis Studylink India Pvt. Ltd. under Section 59 of the Insolvency and Bankruptcy Code, 2016 (IBC), holding that the company's voluntary liquidation process had been completed and no liabilities remained unsatisfied.
NCLT Kochi Allows Second CIRP After Settlement Breach Where Settlement Preserved Creditor's Right
Case Title : Raychem RPG Pvt Ltd v. Soura Natural Energy Solutions India Pvt Ltd
Case Number : CP(IBC)/17/KOB/2026
CITATION : 2026 LLBiz NCLT(KOC) 773
The National Company Law Tribunal (NCLT) at Kochi has recently admitted an insolvency petition against Soura Natural Energy Solutions India Private Limited, holding that an operational creditor is entitled to initiate fresh insolvency proceedings upon breach of a settlement where the settlement itself expressly preserves such a right. A coram of Judicial Member Vinay Goel and Technical Member Ravichandran Ramasamy was considering a petition filed by Raychem RPG Private Limited seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against Soura Natural Energy Solutions over an alleged operational debt of ₹4.22 crore arising from the supply of solar panels, solar inverters and other goods.
NCLT Ahmedabad Approves ₹2,775 Crore Inox Neo-Authum Resolution Plan For Wind World India
Case Title : Ravi Sethia Vs Consortium of Inox Neo Energies Limited (Lead Member) and Authum Investment and Infrastructure Limited
Case Number : IA(Plan)/10(AHM)2026 In CP{(IB) 14 of 2018
CITATION : 2026 LLBiz NCLT (AHM) 774
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has approved the ₹2,775 crore resolution plan submitted by the consortium of Inox Neo Energies Limited and Authum Investment & Infrastructure Limited for Wind World (India) Limited. It held that there was no ground to interfere with the commercial wisdom of the Committee of Creditors (CoC).