LiveLawBiz IBC Weekly Digest: July 6 - July 11, 2026
Kirit Singhania
13 July 2026 9:56 AM IST
HIGH COURT
Case Title : Ambootia Tea Exports Private Limited & Ors. Vs. Sri Rani Sati Abasan Private Limited
Case Number : AD COM 3 of 2026
CITATION : 2026 LLBiz HC (CAL) 167
The Calcutta High Court has held that a court cannot entertain a suit instituted during the operation of an interim moratorium under the Insolvency and Bankruptcy Code where the statutory bar applies. It ruled that once the embargo is brought to the court's notice, the court must act in accordance with the law. Where the statutory conditions are met, the plaint must be rejected
NCLAT
Case Title : Uniworth Enterprises LLP v. Starco Metaplast Private Limited
Case Number : Company Appeal (AT) (Insolvency) No. 1056 of 2025
CITATION : 2026 LLBiz NCLAT 275
The National Company Law Appellate Tribunal (NCLAT) at Delhi has set aside an order rejecting an insolvency application after finding that the corporate debtor had admitted outstanding dues in its reply to the statutory demand notice.
Commercial Wisdom Of Creditors No Bar To Judicial Scrutiny Of IRP Remuneration: NCLAT
Case Title : Mohd Nazim Khan Vs HDFC Bank Limited & Ors
Case Number : Company Appeal (AT) (Insolvency) 430/2025
CITATION : 2026 LLBiz NCLAT 275
The National Company Law Appellate Tribunal (NCLAT) at Delhi has recently held that disputes over an interim resolution professional's remuneration are not immune from judicial scrutiny merely because they arise from a decision of the Committee of Creditors (CoC).
Set-Off Under IBBI Liquidation Rules Applies Only Between Same Parties, Not Group Companies: NCLAT
Case Title : Assam Power Distribution Company Ltd. v. Mrs. Meena Sureka
Case Number : Company Appeal (AT) (Insolvency) No. 1205 of 2025
CITATION : 2026 LLBiz NCLAT 277
The National Company Law Appellate Tribunal (NCLAT), New Delhi, has held that the benefit of set-off under the IBBI (Liquidation Process) Regulations, 2016 is available only where the mutual dealings are between the same parties and cannot be invoked to adjust dues owed by other group companies.
Case Title : Tech Lads India Pvt. Ltd. v. Satnam Global Infraprojects Ltd.
Case Number : Company Appeal (AT) (Insolvency) No. 1751 of 2025
CITATION : 2026 LLBiz NCLAT 278
The National Company Law Appellate Tribunal (NCLAT), New Delhi, has held that Tech Lads India Pvt. Ltd.'s claim arising from an advance payment of ₹8 crore made to its consortium partner, Satnam Global Infraprojects Ltd., towards the supply of goods constituted an operational debt under the Insolvency and Bankruptcy Code, 2016.
OTS Breach Revives Original Loan Liability; Creditor Can Recover Full Dues: NCLAT New Delhi
Case Title : Gaurav Jaiswal Vs Indian Renewable Energy Development Agency Limited & Alok Kumar Agarwal
Case Number : Company Appeal (AT) (Insolvency) 594/2025
CITATION : 2026 LLBiz NCLAT 279
Creditors Cannot Question RP's Information Requests During Claim Verification: NCLAT New Delhi
Case Title : New Okhla Industrial Development Authority Vs Manohar Lal Vij & Gedpec Infratech Limited
Case Number : Company Appeal (AT) (Insolvency) 691/2024
CITATION : 2026 LLBiz NCLAT 280
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) on 30 June held that a creditor cannot question the information or clarifications sought by a Resolution Professional (RP) during verification of claims in the Corporate Insolvency Resolution Process (CIRP), as the RP is statutorily empowered to seek evidence necessary for substantiation of claims.
Continuation Of CIRP By Sole Creditor Despite Full Repayment Is Malicious Use Of IBC: NCLAT Delhi
Case Title : ACHAL KUMAR JINDAL Vs SANJAY KUMAR BHUWALKA & MAHESH AGARWAL
Case Number : Company Appeal (AT) (Insolvency) 2341/2024
CITATION : 2026 LLBiz NCLAT 281
The New Delhi National Company Law Appellate Tribunal (NCLAT) on 30 June held that continuation of insolvency proceedings by a sole creditor despite full repayment of the debt amounted to malicious use of the Insolvency and Bankruptcy Code (IBC), which is intended for revival of corporate debtors and not for pursuing coercive or vindictive action
IBC S.121(2) Timeline For Personal Guarantor Bankruptcy Applications Directory, Not Mandatory: NCLAT
Case Title : Cosmos CO-Operative Bank Limited Vs Anil Kumar Gilra
Case Number : Company Appeal (AT) (Insolvency) 1095/2025
CITATION : 2026 LLBiz NCLAT 283
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) on 30 June held that the three month period prescribed under Section 121(2) of the Insolvency and Bankruptcy Code, 2016 (IBC) for filing a bankruptcy application against a personal guarantor is directory and not mandatory. Judicial Member Justice N Seshasayee and Technical Member Arun Baroka set aside the order of the Cuttack Bench of the National Company Law Tribunal (NCLT), which had dismissed Cosmos Co Operative Bank Limited's bankruptcy petition against personal guarantor Anil Kumar Gilra on the ground of delay.
Order Passed On Mistaken Facts Cannot Be Basis For Contempt: NCLAT
Case Title : ASHOK DATTATRAY ATRE & Ors Vs VIJENDRA KUMAR JAIN
Case Number : Contempt Case (AT) No.16 of 2026
CITATION : 2026 LLBiz NCLAT 284
The National Company Law Appellate Tribunal (NCLAT) has dismissed a contempt petition against a liquidator after holding that an order passed under a mistaken impression of facts cannot be enforced through contempt proceedings.
'Endless Indulgence' Under Guise Of Resolution Defeats IBC's Purpose: NCLAT
Case Title : Taguda Pte. Limited Vs SBI & Trupal Kumar Patel
Case Number : Company Appeal (AT) (Insolvency) 1710/2025
CITATION : 2026 LLBiz NCLAT 282
The National Company Law Appellate Tribunal (NCLAT) at Delhi has observed that the Insolvency and Bankruptcy Code (IBC) is intended to maximise value through a time-bound resolution process and cannot permit indefinite delays in implementing an approved resolution plan.
Case Title : Mega Mall Management Services Pvt. Ltd. v. Ajay Kumar Agarwal
Case Number : Company Appeal (AT) (Ins.) No. 1236 of 2025
CITATION : 2026 LLBiz NCLAT 285
The National Company Law Appellate Tribunal (NCLAT) has held that a related party cannot rely on its separate legal personality to refuse disclosure of financial information sought by a Resolution Professional where the information has a direct nexus with the corporate debtor's transactions and arrangements.
Expeditious Resolution Under IBC Cannot Override Natural Justice: NCLAT
Case Title : Hannu Steels Pvt. Ltd. v. Rathi Powertech Global Pvt. Ltd.
Case Number : Company Appeal (AT) (Ins.) No. 124 of 2026
CITATION : 2026 LLBiz NCLAT 286
The National Company Law Appellate Tribunal (NCLAT) in Delhi has held that the objective of speedy insolvency resolution under the Insolvency and Bankruptcy Code cannot come at the cost of fairness, setting aside an order that had closed a corporate debtor's right to file its reply in a pending insolvency case.
Case Title : Nakul Gupta Vs State Bank of India & Rajesh Mittal
Case Number : Company Appeal (AT) (Insolvency) 494/2024
CITATION : 2026 LLBiz NCLAT 287
The National Company Law Appellate Tribunal (NCLAT) in Delhi has upheld the initiation of personal insolvency proceedings against a former director of Technofab Engineering Limited, holding that under the terms of the deed of guarantee executed in the case, his resignation from the company did not discharge him from liability.
NCLAT New Delhi Expunges Remarks Against Mahavir Medicare RP, Clarifies RP's Independent IBC Duty
Case Title : Pragiti Construction Through Proprietor Renu Verma v. Committee of Creditors Represented by Mahavir Medicare & Anr.
Case Number : (I.A. Nos. 2480 & 2481 of 2026 in Company Appeal (AT) (Ins.) Nos. 2330 & 2331 of 2024)
CITATION : 2026 LLBiz NCLAT 288
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) on 6 July, held that a Resolution Professional (RP) must independently ensure that the Corporate Insolvency Resolution Process (CIRP) complies with the Insolvency and Bankruptcy Code, 2016 (IBC), and cannot merely implement the decisions of the Committee of Creditors (CoC)
Appeal Against Deferred Intervention Application In Insolvency Case Not Maintainable: NCLAT Chennai
Case Title : AYRA Consortium v. TruPro Insolvency Services LLP, Resolution Professional of Amar Prakaash Developers Pvt. Ltd.
Case Number : Company Appeal (AT) (CH) (INS) No. 200 of 2026
CITATION : 2026 LLBiz NCLAT 289
The Chennai Bench of the National Company Law Appellate Tribunal (NCLAT) on 15 June held that an appeal under Section 61(1) of the Insolvency and Bankruptcy Code, 2016 cannot be filed against an order that only defers an intervention application for consideration along with a revised resolution plan after reconsideration by the Committee of Creditors (CoC)
NCLT
Case Title : IIFL Home Finance Limited Vs. M/S. J-Seventy-One Properties And Pictures Pvt. Ltd.
Case Number : C.P. (IB)/721(MB)2025
CITATION : 2026 LLBiz NCLT (MUM) 678
The Mumbai Bench of the National Company Law Tribunal (NCLT) has admitted an insolvency plea filed by IIFL Home Finance Ltd. against J-Seventy One Properties and Pictures Pvt. Ltd. after finding that the company owed a financial debt of about ₹2.42 crore and had remained in default. Judicial Member Nilesh Sharma and Technical Member Sameer Kakar held that the financial debt and the continuing default were established through documentary evidence.
Case Title : Vaishali Patrikar, Resolution Professional vs M/s Dev Land and Housing Private Limited and Others
Case Number : IA 1626 of 2023
CITATION : 2026 LLBiz NCLT (MUM) 679
The Mumbai Bench of the National Company Law Tribunal (NCLT), hearing proceedings arising from the corporate insolvency resolution process (CIRP) of Satra Properties (India) Ltd., has held that the forfeiture of ₹29.35 crore advanced by the company to Dev Land & Housing Pvt. Ltd. was a fraudulent transaction.
Interest-Bearing Inter-Corporate Loan Can Qualify As Financial Debt Under IBC: NCLT Kolkata
Case Title : Scorpion Nirman Private Limited v. Swal Limited
Case Number : C.P. (IB) No. 261/KB/2025
CITATION : 2026 LLBiz NCLT (KOL) 677
The National Company Law Tribunal (NCLT), Kolkata Bench, has held that an inter-corporate loan carrying interest qualifies as a "financial debt" under Section 5(8) of the Insolvency and Bankruptcy Code, 2016, provided it satisfies the twin requirements of time value of money and commercial effect of borrowing
Case Title : Immix Trade Private Limited Vs Sunrise Properties Pvt Ltd
Case Number : IA/2411/2025 C.P. (IB)/1154(MB)2023
CITATION : 2026 LLBiz NCLT (MUM) 680
The National Company Law Tribunal (NCLT) at Mumbai has recently held that a financial creditor's invocation of pledged shares after the commencement of the Corporate Insolvency Resolution Process (CIRP) violated the moratorium under the Insolvency and Bankruptcy Code (IBC). It ruled that the creditor's contractual right to invoke the pledge could not override the statutory moratorium.
Case Title : Bank Of Maharashtra Vs DNR India Autotech Private Limited
Case Number : C.P.(IB)/1(MB)2026
CITATION : 2026 LLBiz NCLT (MUM) 681
The Mumbai Bench of the National Company Law Tribunal (NCLT) has recently admitted Bank of Maharashtra's insolvency plea against DNR India Autotech Pvt Ltd. The Corporate Insolvency Resolution Process has been initiated over an alleged default of ₹17.98 crore arising from a corporate guarantee executed by the company for credit facilities extended to Tirumalla Agro Industries Pvt Ltd
IBC Threshold Must Be Tested Against MahaRERA Records At Time Of Filing Petition: NCLT Mumbai
Case Title : K. D. LITE DEVELOPERS PRIVATE LIMITED vs M.S. Gopikrishnan & Ors
Case Number : IA No.3045 of 2024 In C.P (IB) No.1420 of 2020
CITATION : 2026 LLBiz NCLT (MUM) 682
On 6 July, the Mumbai Bench of the National Company Law Tribunal (NCLT) held that the number of allottees reflected on the MahaRERA website on the date of filing an application under Section 7 of the Insolvency and Bankruptcy Code (IBC) is the relevant benchmark for determining whether the statutory threshold for initiating insolvency proceedings is satisfied.
COVID Extension Does Not Waive Interest On Delayed Liquidation Payments: NCLT Mumbai
Case Title : IDBI Bank Ltd. V/s. S Kumars Nationwide Ltd.
Case Number : IA 2447/2021 In C.P. (IB) 294(MB)/2018
CITATION : 2026 LLBiz NCLT (MUM) 683
On 6 July, the Mumbai Bench of the National Company Law Tribunal (NCLT) held that a liquidator's extension of the timeline for payment of auction consideration due to COVID 19 disruptions under Regulation 47A of the Liquidation Process Regulations does not waive the successful bidder's liability to pay contractual interest for delayed payment.
IBC Claim Requires Crystallised Right To "Payment," Not Mere Right To "Performance": NCLT Kolkata
Case Title : Indian Overseas Bank vs D C Industrial Plant Services Private Limited
Case Number : I.A. (IB) No. 1832/KB/2019 In C.P. (IB) No. 45/KB/2018
CITATION : 2026 LLBiz NCLT (KOL) 684
The Kolkata Bench of the National Company Law Tribunal (NCLT) on 3 July held that a contractual right to performance cannot be treated as a “right to payment” under Section 3(6) of the Insolvency and Bankruptcy Code, 2016, unless the claim has crystallised into a payable amount.
Statutory Authorities Not Exempt From CIRP Timelines: NCLT Mumbai Rejects EPFO's Delayed Claim
Case Title : The Central Board of Trustees, PFO vs Ashok Kumar Golechha
Case Number : INV. P. No. (IBC)/141/(MB)/2025
CITATION : 2026 LLBiz NCLT (MUM) 687
The Mumbai Bench of the National Company Law Tribunal refused to condone a 400-day delay by the Employees' Provident Fund Organisation (EPFO) in filing its claim in the corporate insolvency resolution process (CIRP) of Sovika Aviation Services Pvt Ltd
Case Title : KDRA INSOLVENCY PROFESSIONALS PRIVATE LIMITED vs ARMAAN SUNIL KOTHARI
Case Number : IA (I.B.C) (Plan) No. 46/MB/2025 in CP (IB) No. 786/MB/2023
CITATION : 2026 LLBiz NCLT (MUM) 688
The Mumbai Bench of the National Company Law Tribunal has rejected the resolution plan submitted by Armaan Sunil Kothari for 4B Networks Pvt Ltd. It held that the plan wrongly allowed the successful resolution applicant (SRA) to exclusively retain recoveries from pending Preferential, Undervalued, Fraudulent and Extortionate (PUFE) proceedings, including one seeking recovery of about ₹7,349 crore.
Case Title : Oriental Bank Of Commerce Vs Panache Exports Pvt Ltd
Case Number : IA/3782/2025 C.P. (IB)/2607(MB)2019
CITATION : 2026 LLBiz NCLT (MUM) 689
The Mumbai Bench of the National Company Law Tribunal (NCLT) has held that a cooperative society can enforce its statutory first charge over a property against an auction purchaser even after participating in the liquidation process by filing its claim before the liquidator.
NCLT Kochi Rejects Insolvency Plea Against BPL, Finds It Was Attempt To Recover Arbitral Award Dues
Case Title : M/s Morgan Securities and Credits Pvt Ltd v. BPL Limited
Case Number : CP(IB)/10/KOB/2026
CITATION : 2026 LLBiz NCLT (KOC) 690
The National Company Law Tribunal (NCLT) at Kochi has recently dismissed an insolvency plea against consumer electronics company BPL Limited. It held that the Insolvency and Bankruptcy Code (IBC) cannot be invoked as an additional or parallel mechanism to recover the balance amount under an arbitral award after a creditor has already pursued execution proceedings.
Case Title : Mehsana Food Tradelinkers Pvt. Ltd. Vs Mehsana Dairy and Food Products Limited
Case Number : C.P.(IB)/99(AHM)2026
CITATION : 2026 LLBiz NCLT (AHM) 691
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) on 26 June held that a corporate debtor cannot defeat an insolvency petition by raising contractual disputes that are unsupported by contemporaneous evidence.
NCLT Mumbai Rejects ₹4.43 Cr Section 9 Plea, Holds Pre Existing Dispute Over Part Of Debt Sufficient
Case Title : Lumens Technologies Private Limited Vs. Radhika Opto Electronics Limited
Case Number : C.P. (IB)/780/MB/2025
CITATION : 2026 LLBiz NCLT (MUM) 692
The Mumbai Bench of the National Company Law Tribunal (NCLT) on 30 June held that a pre existing dispute raised before issuance of a demand notice can defeat a Section 9 application under the Insolvency and Bankruptcy Code (IBC), even if the dispute relates only to a part of the operational debt, unless the disputed amount is wholly insignificant.
Case Title : Jet Airways (India) Limited, Through Mr. Satish Kumar Gupta, Liquidator, Jet Airways (India) Limited vs Maharashtra Industrial Development Corporation
Case Number : IA NO. 5460 OF 2025 IN CP (IB) NO. 2205 OF 2019
CITATION : 2026 LLBiz NCLT (MUM) 694
The National Company Law Tribunal (NCLT) in Mumbai on Wednesday set aside the Maharashtra Industrial Development Corporation's (MIDC) cancellation of two plot allotments made to Jet Airways (India) Ltd, holding that the airline's rights under the long-term lease arrangements form part of its liquidation estate. The tribunal directed MIDC to execute the lease agreements with the corporate debtor.
NCLT Mumbai Admits Kishore Biyani-Led Future Consumer Into CIRP Over ₹263.77 Crore Default
Case Title : Resurgent India Special Situations Fund Vs Future Consumer Limited
Case Number : C.P. (IB)/914(MB)2025
CITATION : 2026 LLBiz NCLT (MUM) 695
The Mumbai Bench of the National Company Law Tribunal on Wednesday admitted Kishore Biyani-led Future Consumer Ltd into the Corporate Insolvency Resolution Process (CIRP) on a petition filed by Resurgent India Special Situations Fund.
Case Title : MR. ASHOK KUMAR GOLECHHA
Case Number : I.A. (I.B.C) (Plan) No.41/MB/2025, INVP No.74/2025 & IA 2818/2025 in CP (IB) No.314/MB/2023
CITATION : 2026 LLBiz NCLT (MUM) 697
Describing the Resolution Professional's explanation for wrongly portraying VAS Infrastructure Ltd.'s development rights as ownership rights as "shocking and bewildering," the National Company Law Tribunal rejected a ₹85.05 crore resolution plan for the company.
Case Title : The Canara Bank Limited Vs. Globiz Exim Private Limited
Case Number : C.P. (IB)/595/MB/2025
CITATION : 2026 LLBiz NCLT (MUM) 699
On 8 July, the Mumbai Bench of the National Company Law Tribunal (NCLT) held that a second demand notice cannot revive a time-barred insolvency claim arising from an on-demand corporate guarantee, where limitation had already commenced upon invocation of the guarantee.
NCLT Ahmedabad Admits Insolvency Plea Against Montecarlo, Rejects 'Pre-Existing Dispute' Defence
Case Title : Vanshita Transport Vs Montecarlo Limited
Case Number : C.P.(IB)/246(AHM)2025
CITATION : 2026 LLBiz NCLT (AHM) 700
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) on 6 July admitted an insolvency petition against Montecarlo Limited, holding that disputes raised only after receipt of a demand notice cannot be treated as “pre-existing disputes” under the Insolvency and Bankruptcy Code, 2016 (IBC).
NCLT Bengaluru Issues Notice To Ola Electric Technologies In ₹9.57 Crore Insolvency Plea
Case Title : Seoyon E-Hwa Summit Mobility Krishnagiri Private Limited, Vs Ola Electric Technologies Private Limited
Case Number : CP(IB) No. 149/BB/2026
Today, the Bengaluru Bench of the National Company Law Tribunal (NCLT) issued notice in an insolvency petition against Ola Electric Technologies Private Limited after an operational creditor alleged that the company defaulted on payment of Rs. 9.57 crore
NCLT Mumbai Dismisses Insolvency Plea Against Shapoorji Pallonji
Case Title : Ovaron Infrastructure & MEP Services Vs. Shapoorji Pallonji And Company Private Limited
Case Number : C.P. (IB)/639/MB/2025
CITATION : 2026 LLBiz NCLT (MUM) 702
The National Company Law Tribunal (NCLT) at Mumbai on Friday dismissed Ovaron Infrastructure & MEP Services' insolvency plea against construction major Shapoorji Pallonji and Company Pvt. Ltd. It found that the principal claim of ₹96.18 lakh remained below the Insolvency and Bankruptcy Code's ₹1 crore threshold. The claim crossed the threshold only after adding disputed interest under the Micro, Small, and Medium Enterprises Development (MSMED) Act and GST.
NCLT Kochi Says CoC Cannot Cripple Insolvency Process By Refusing To Fund Essential CIRP Costs
Case Title : CS Narender Reddy Banala v. T.S Jayaprakash
Case Number : IA(IBC)/23/KOB/2025 in CP(IB)/05/KOB/2024
CITATION : 2026 LLBiz NCLT (KOC) 703
The National Company Law Tribunal (NCLT) at Kochi has ruled that the Committee of Creditors (CoC) cannot cripple the Corporate Insolvency Resolution Process (CIRP) by refusing to meet its essential costs. It observed that the insolvency process cannot function if the Resolution Professional is deprived of the funds required to discharge statutory duties.
NCLT Mumbai Rejects 100 Jet Lite Employees' Bid To Claim Dues In Jet Airways Liquidation
Case Title : Yogen Vaman Vemekar & Ors Versus Mr. Satish Kumar Gupta & Ors
Case Number : IA NO. 5729 OF 2025 IN CP (IB) NO. 2205 OF 2019
CITATION : 2026 LLBiz NCLT (MUM) 704
The Mumbai Bench of the National Company Law Tribunal has dismissed an application filed by 100 former employees of Jet Lite (India) Ltd. seeking to have their employment dues admitted in the liquidation of Jet Airways (India) Ltd.
Liquidator Cannot Take Possession Of Asset Where Ownership Is Seriously Disputed: NCLT Mumbai
Case Title : Birendra Kumar Agrawal Versus Middle East Management Services LLP
Case Number : IA(I.B.C)/1023/MB/2025 IN CP(IB) No. 93 of 2022
CITATION : 2026 LLBiz NCLT (MUM) 705
Case Title : Mr. Kedar Parshuram Mulye vs SRI ADHIKARI BROTHERS DIGITAL NETWORK LIMITED
Case Number : IA(IBC)(Plan)/15/MB/2026 IN CP (IBPP) No. 1 of 2025
CITATION : 2026 LLBiz NCLT (MUM) 706
The Mumbai Bench of the National Company Law Tribunal approved the pre-packaged insolvency resolution plan of SAB Events & Governance Now Media Ltd.
Case Title : M/s Shapos Services Private Limited v. Sri. Mayank Tiwari and Ors
Case Number : IA No. 184 of 2025 in CP(IB) No. 78/BB/2024
CITATION : 2026 LLBiz NCLT (BEN) 708
The National Company Law Tribunal (NCLT) at Bengaluru has ruled that the Companies Act, 2013 and the Digital Personal Data Protection Act, 2023 cannot be relied upon to fasten liability on a third-party cloud service provider where there is no direct legal or contractual nexus with the corporate debtor. A bench of Judicial Member Sunil Kumar Aggarwal and Technical Member Radhakrishna Sreepada held that Amazon Web Services India Pvt. Ltd. (AWS India) and its officials could not be directed to cooperate under the Insolvency and Bankruptcy Code because they were neither personnel of Shapos Services Private Limited nor associated with the company's management.
NCLT Delhi Admits CIRP Plea, Holds Advance Paid For Unsupplied Goods Qualifies As Operational Debt
Case Title : NARINDRA & NARINDRA STEEL CORPORATION Vs SWADESH GREEN INFRA LIMITED
Case Number : IB – 394(ND)/2025
CITATION : 2026 LLBiz NCLT(DEL) 707
The Delhi Bench of the National Company Law Tribunal (NCLT) has admitted insolvency proceedings against Swadesh Green Infra Limited after holding that an advance payment made under a commercial arrangement for the supply of goods qualified as an operational debt. The tribunal found that the supplier had failed to deliver the remaining goods.
NCLT Admits Insolvency Plea Against The Moms Co. Parent Over ₹1.32 Crore Dues
Case Title : Bjain Pharmaceuticals Private Limited Vs AMISHI CONSUMER TECHNOLOGIES PVT LTD
Case Number : C.P (IB)/469/(ND)/2025
CITATION : 2026 LLBiz NCLT(DEL) 709
The Delhi Bench of the National Company Law Tribunal (NCLT) has admitted an insolvency petition filed by Bjain Pharmaceuticals Pvt. Ltd. against Amishi Consumer Technologies Pvt. Ltd., the company behind the personal care brand The Moms Co., which manufactures personal care products over an operational debt of ₹1.32 crore.
Case Title : Indian Overseas Bank Vs Mhow Ghatabill Toll Roads Pvt. Ltd.
Case Number : CP (IB) – 159(ND)/2026
CITATION : 2026 LLBiz NCLT(DEL) 710
The Principal Bench of the National Company Law Tribunal (NCLT), New Delhi, has admitted an insolvency petition filed by Indian Overseas Bank against infra company Mhow Ghatabill Toll Roads Pvt. Ltd. over an alleged default of ₹117.74 crore.
Case Title : Sanjeev Mahajan Vs Nimitaya Hotel Resorts Ltd.
Case Number : TA (IBC)-28(PB)/2026
CITATION : 2026 LLBiz NCLT(DEL) 711
The Principal Bench of the National Company Law Tribunal (NCLT), New Delhi, has dismissed a transfer application filed by the ex-promoter of Nimitaya Hotel Resorts Ltd. seeking to move the company's insolvency proceedings from the Special Bench to another bench. The tribunal imposed costs of ₹50,000 after finding that the applicant had concealed material facts.