Pending Civil, Criminal Cases No Bar To LLP Investigation If Independent Probe Warranted: NCLT Jaipur

The Jaipur National Company Law Tribunal (NCLT), has held that the mere pendency of civil and criminal proceedings between parties cannot prevent an investigation into the affairs of a Limited Liability Partnership (LLP) if the material on record indicates circumstances requiring independent scrutiny. A Bench of Judicial Member Reeta Kohli and Technical Member Kavita Bhatnagar directed an investigation into the affairs of RKM Merchandise LLP under Section 43 of the Limited Liability Partnership...

NCLT Jaipur Clears ₹288.37 Crore Resolution Plan For Holiday Inn Jaipur City Centre Operator ACCIL

The National Company Law Tribunal at Jaipur has approved the ₹288.37 crore resolution plan submitted by Oriental Structural Engineers Private Limited (OSEPL) for ACCIL Corporation Private Limited, which owns and operates the five-star Holiday Inn Jaipur City Centre.The approved resolution plan has a total value of ₹288.37 crore and was unanimously approved by the Committee of Creditors.A coram of Judicial Member Reeta Kohli and Technical Member Kavita Bhatnagar passed the order. The application...

Article 227 Petition Not Maintainable When Similar Relief Sought Before Supreme Court: Kerala High Court

The Kerala High Court on 30 July held that parties cannot invoke its supervisory jurisdiction under Article 227 of the Constitution to seek interim relief in execution proceedings when connected appeals involving the same dispute are already pending before the Supreme Court. Justice T.R. Ravi refused to stay the execution proceedings pending before the National Company Law Tribunal (NCLT), Kochi in a family dispute over management of companies, holding that the petitioners must seek such relief...

LiveLawBiz Company Law Monthly Digest: July 2026

SUPREME COURTNSEL Moves Supreme Court Against HC Order Refusing Joint Trial In CBI Cases Over Alleged Payment CrisisNational Spot Exchange Ltd (NSEL) has moved the Supreme Court challenging the Bombay High Court's March 27, 2026 judgment refusing to direct a joint trial in two CBI cases arising out of the alleged NSEL payment crisis.Case Title : National Spot Exchange Limited vs The Central Bureau of Investigation Bank Securities and Fraud Cell Case Number : Diary No. 37177 of 2026Supreme...

Madras High Court Quashes SFIO Case Against Deloitte Partner In Subhiksha Fraud Probe

The Madras High Court on Wednesday has quashed criminal proceedings initiated by the Serious Fraud Investigation Office (SFIO) against Deloitte Haskins & Sells partner and statutory auditor M.K. Ananthanarayanan over his audit of Subhiksha Trading Services Limited (STSL). The SFIO had accused him of failing to verify the retailer's sales, purchases and related-party transactions, and of not reporting its non-compliance with prescribed accounting standards. Justice Sunder Mohan held that,...

Delhi High Court Refuses Disclosure Of MCA Orders In SFIO Probe Into Anil Ambani Group Companies

The Delhi High Court has recently refused to direct the Ministry of Corporate Affairs (MCA) and the Serious Fraud Investigation Office (SFIO) to disclose orders directing an investigation into the affairs of Reliance Home Finance Limited, Reliance Communications Limited, and other Anil Ambani companies under Section 212 of the Companies Act, 2013. The court held that the Mandke Foundation had no enforceable right to seek disclosure of those orders or the material forming their basis while the...

Time-Barred Claim Does Not Disqualify Creditor From Seeking Probe Into Company's Affairs: NCLT Chennai

The Chennai National Company Law Tribunal on 7 July held that a creditor's claim being barred by limitation does not take away its status as a creditor for filing a petition under Section 213 of the Companies Act, 2013, while clarifying that allegations of statutory violations, pending disputes or procedural defaults alone cannot justify an investigation into a company's affairs. A Bench of Judicial Member Sanjiv Jain and Technical Member Venkataraman Subramaniam dismissed a petition filed by...

Income Tax Department Can Restore Struck-Off Company As 'Creditor' For Tax Assessment: NCLT Kochi

The National Company Law Tribunal (NCLT) at Kochi on 23 July held that the Income Tax Department qualifies as a “creditor” under Section 252(3) of the Companies Act, 2013, and can seek restoration of a struck-off company's name even when its claim is contingent or prospective. Section 252(3) allows the Tribunal to restore the name of a company removed from the Register of Companies if an application is made by, among others, a creditor and the Tribunal finds that restoration is necessary and...

NCLT Orders Stakeholder Meetings For Kinder Women's Hospital–Kindorama Healthcare Merger

The National Company Law Tribunal (NCLT) at Kochi on Wednesday directed the convening of meetings of the equity shareholders of Kinder Women's Hospital and Fertility Centre Private Limited. It also ordered meetings of the secured and unsecured creditors of both Kinder Women's Hospital and Kindorama Healthcare Private Limited in connection with their proposed merger. A coram of Judicial Member Vinay Goel and Technical Member Ravichandran Ramasamy was considering a first motion application...

NCLT Chennai Directs MPS Limited To Convene Meetings For Amalgamation With ADI BPO Services

The Chennai National Company Law Tribunal (NCLT) on 2 July directed MPS Limited to convene meetings of its equity shareholders and unsecured creditors to consider its proposed scheme of amalgamation with wholly-owned subsidiary ADI BPO Services Limited. A Bench of Judicial Member Sanjiv Jain and Technical Member Venkataraman Subramaniam held: “Since the Applicant Company has sought for directions for the meeting of the Unsecured Creditors, this Tribunal orders convening, holding and conducting...

UK Court Orders Raj Kundra To Repay $4.94 Million To EMV In Rajasthan Royals Shareholding Dispute

Alongside the repayment order, the court permanently barred Raj Kundra and Kuki Investments Ltd. from pursuing parallel proceedings in India over the settlement agreement.

Advanced Liquidation Cannot Be Shifted To NCLT Merely Because Assets Are Unsold: Karnataka High Court

The Karnataka High Court on 23 June, held that winding up proceedings cannot be transferred to the National Company Law Tribunal (NCLT) merely because the company's assets have not yet been sold. It noted that once liquidation has progressed substantially in time and substance, transfer would disrupt a mature liquidation process and is not warranted. Justice Suraj Govindaraj dismissed an application filed under the fifth proviso to Section 434(1)(c) of the Companies Act, 2013 (which empowers...