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NCLT

Home - NCLT

insolvency
Posted inNews

Supreme Court holds NCLT cannot review benami attachment during insolvency — “IBC is not a parallel appellate forum over sovereign confiscation” — liquidators’ appeals dismissed with ₹5 lakh costs each

Court’s decision The Supreme Court dismissed a batch of appeals filed by liquidators challenging provisional attachment orders passed under the Prohibition of Benami Property Transactions Act, 1988. Affirming concurrent findings…
Posted by Rawlaw February 26, 2026
insolvency
Posted inNews

Supreme Court restores Section 7 insolvency plea by debenture trustee — “Restructuring must comply with Debenture Trust Deed; unilateral emails cannot amend contract” — NCLT directed to admit CIRP

Court’s decision The Supreme Court allowed the appeal filed by Catalyst Trusteeship Ltd., setting aside concurrent orders of the National Company Law Tribunal and the National Company Law Appellate Tribunal…
Posted by Rawlaw February 26, 2026
amalgamation
Posted inNews

Bombay High Court: Stamp duty payable only on NCLT order, not underlying amalgamation transactions — “₹25 crore excess levy quashed; refund with 6% interest ordered”

Court’s decision The Bombay High Court allowed the writ petition filed by Schaeffler India Ltd. and quashed the stamp duty assessment that treated a composite amalgamation scheme as two distinct…
Posted by Rawlaw February 19, 2026
UNFAIR DENIAL
Posted inNews

Supreme Court: “To deny bona fide homebuyers possession despite verified claim is unfair and contrary to IBC” – NCLAT and NCLT orders set aside, possession directed

Court’s Decision The Supreme Court allowed the appeal of homebuyers challenging the orders of the NCLT and NCLAT, which had relegated them to only 50% refund under a resolution plan.…
Posted by Rawlaw September 10, 2025

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