NCLAT Rules, 2016

The appellant society, representing homebuyers, challenged the NCLAT's order admitting Takshashila Heights India Private Ltd (the corporate debtor) into the Corporate Insolvency Resolution Process (CIRP) on a petition filed by Edelweiss Asset Reconstruction Company Ltd (the financial creditor). The society also contest…

The Supreme Court examined the dispute between State Bank of India and other creditors (petitioners) and the consortium of Murari Lal Jalan and Florian Fritsch (respondent SRA) over the implementation of the approved resolution plan for Jet Airways. The core issue was whether the Performance Bank Guarantee (PBG) of Rs.…

The appellant, Tata Steel Ltd., had its resolution plan for Rohit Ferro‑Tech Ltd. approved by the NCLT on 7 April 2022. A minority shareholder, Respondent No. 1, filed an appeal to the NCLAT on 23‑24 May 2022, seeking condonation of delay beyond the 30‑day statutory period. The dispute centered on when the limitation p…

Kridhan Infrastructure Pvt Ltd (now Krish Steel) submitted a resolution plan for Tecpro Systems Ltd, which was approved by the Committee of Creditors and the NCLT. The appellant deposited Rs 5 crore in escrow but failed to meet further obligations, leading the CoC to vote for liquidation, which was approved by the NCLT…