Can a third party take back goods from a company in CIRP? NCLT dismisses Ancile’s Claim to pharmaceutical goods
NCLT Mumbai found the Istisna and Wakala arrangement financial, and the claimed goods could not be found.
NCLT
IBC appeal limitation: Supreme Court says time runs from NCLAT pronouncement, not collection of certified copy
The Court examined the statutory time-limit for appeals, exclusion of time spent obtaining a certified copy, and the effect of delay in applying for the copy.
Decoding Boardroom Dynamics 2.0: National workshop, boardroom simulation & NCLT trial competition, 2026
The Corporate Law Committee, Presidency School of Law, Presidency University, Bengaluru, in collaboration with the Institute of Company Secretaries of India (ICSI), Bengaluru Chapter, SCC Times and Headway DM LLP, is organising “Decoding Boardroom Dynamics 2.0”, a two-day National Boardroom Simulation and NCLT Trial Competition on 16 and 17 October 2026. The event seeks to bridge academic learning and professional practice through realistic simulations of corporate governance, boardroom decision-making and NCLT proceedings, while fostering participants’ strategic thinking, negotiation, advocacy, corporate decision-making and problem-solving skills.
From Insolvency, Arbitration and Insider Trading to Key Regulatory Reforms: Commercial Laws Roundup August 2026
A comprehensive roundup of the key commercial law developments in August 2026, featuring landmark judgments from the Supreme Court, High Courts, NCLAT and Foreign Courts, along with Regulatory Updates, Law Firm News, Expert Corner and Interviews.
SARFAESI Act | Writ remedy not maintainable where efficacious DRT remedy available against sale of mortgaged property: Bombay HC
The High Court held that in view of the alternative, efficacious statutory remedy under the SARFAESI Act, the writ petition was not maintainable and the question of law raised under the IBC was nothing but another desperate attempt to avoid steps being taken by the secured creditor under the SARFAESI Act.
Can High Court entertain Writ Petition against NCLT Order when IBC provides Appeal? Supreme Court answers
The Supreme Court examined whether a writ petition challenging an NCLT order passed under the Insolvency and Bankruptcy Code, 2016 could be entertained when the Code provides a statutory right of appeal under Section 61, in the context of the judicial discipline governing exercise of writ jurisdiction.
₹10.46 Crore in Claims, ₹1.55 Crore Recovered: NCLT Kolkata approves SIS Mohan Real Estate Resolution Plan
NCLT observed that it is not endowed with the powers of jurisdiction or authority to analyse or evaluate the commercial decision of the CoC.
Justice Ashok Bhushan concludes tenure as NCLAT Chairman: Throwback to an illustrious career and key decisions
After an extensive career as an advocate and an equally extensive judicial career including the Supreme Court of India, Justice Ashok Bhushan took over as Chairman of NCLAT in 2021.
India’s Evolving IBC and Competition Law Landscape: Key Takeaways from Khaitan & Co.’s Media Roundtable
From recent IBC amendments to evolving merger control and competition law enforcement, the roundtable examined the legal and regulatory developments shaping India’s commercial landscape and their implications for businesses and investors.
Supreme Court: Reliance on AI-Generated Fake Precedents Vitiates Adjudication; Zero Tolerance for Hallucinated Citations
Supreme Court held that reliance on non-existent, AI-generated or hallucinated judicial precedents vitiates adjudication, rendering the decision void in law and warranting its setting aside.
A decade of the IBC, 239 insolvency professionals, and a blueprint for the next ten years: IICA national conference charts India’s restructuring future
Commemorating a decade of the Insolvency and Bankruptcy Code, the Indian Institute of Corporate Affairs hosted a national conference on India’s restructuring ecosystem alongside the PGIP 6th Batch Convocation. The event featured discussions on cross-border insolvency, distressed assets, early-stage resolution, and the future of India’s insolvency framework.
Shardul Amarchand Mangaldas advises Triveni Group on Composite Scheme of Arrangement
SAM advised the Triveni Group on all aspects of the transaction until receipt of the final NCLT Order, including structuring the composite scheme, drafting and finalising the scheme, advising on regulatory considerations, and assisting with obtaining approvals from the stock exchanges/ SEBI and the NCLT.
Who is a ‘Secured Creditor’ Under IBC? Not the VAT Authority, Says Madras HC; Quashes Attachment of Property
“Once an order of liquidation is passed and a statutory liquidator is appointed, the assets of the corporate debtor are required to be dealt with in accordance with Section 53 IBC i.e. the “waterfall mechanism” and the dues are to be paid in the order of priority set out in the section. Section 238 IBC contains a non-obstante clause giving primacy to the mechanism for distribution of the assets of the corporate debtor in the manner prescribed under the IBC.”
Cyril Amarchand Mangaldas acted as legal representatives on behalf of Wipro Limited
The Tribunal dismissed the petition, recognising the existence of a pre-existing dispute and upholding the relevance of the arbitration clause in the contractual arrangement.
IBC is a complete code with inbuilt remedies; MP HC denies relief to personal guarantors of Extol Industries in ₹24.83 Crore Bank of Baroda dispute
The Court noted that despite filing an appeal before the NCLAT, the petitioners filed the present writ petition challenging the demand notice issued by the Bank.
Climate, Economic Tribunals and Turnarounds take centre stage on Day 3 of the 4th ILA Conference
On Day 3 of the 4th Insolvency Law Academy Annual Conference, discussions centred on climate change and insolvency, institutional challenges facing economic law tribunals, the evolving turnaround framework, and contemporary insolvency scholarship.
“Way forward is not radical reinvention but institutional course correction”: Justice N.V. Ramana speaks at Day 1 of the 4th ILA Conference
Day 1 of the much-awaited 4th ILA Conference featured erudite addresses and insights from leading insolvency experts and distinguished dignitaries on insolvency law and policy, global trends in restructuring, the changing geopolitical landscape, and cinema as a lens and mirror for the economy.
‘Financial debt exceeded minimum threshold’: NCLT admits insolvency application against Sparklet Engineers Private Ltd.
Although the respondent acknowledged execution of works, instalments under the Vendor Settlement Agreement remained unpaid. With repeated acknowledgments of inability to pay and only the first tranche settled, default was established under Section 9 of the Insolvency and Bankruptcy Code, 2016.