Nclt

63 moons shares rise 16% as National Spot Exchange settlement scheme approved by NCLT

The NCLT approval marks a final stop for the 12-year long NSEL crisis, potentially leading to all legal cases against company being withdrawn.

Hope returns for 3,000 families as NCLT approves ONE Group’s plan to revive Aquapolis project

One Group has committed to invest around Rs 700 crore to restart and complete the integrated township project, which spans 26.18 acres and includes 26 towers with nearly 3,000 housing units. The move is expected to pave way for completion of homes for thousands of affected homebuyers and bring long-awaited clarity and relief to them.

NCLT admits insolvency case against Blu-Smart Mobility Tech

A two-member bench said there is an operational debt, which has been defaulted by Blu-Smart Mobility, and its operational creditor is entitled to recover it

NCLT extends Punj Lloyd's liquidation by 6 months

The liquidator of Punj Lloyd had moved an application before the NCLT, seeking extension of the deadline as it is currently executing various projects, which are critical for the nation's growth and safety, like projects with NPCIL and NHAI

NCLT orders ex-promoters of HNG to repay defrauded Rs 42 crore amount to debtors

In August 2025, the NCLT’s Kolkata bench approved the resolution plan submitted by Independent Sugar Corporation Ltd (INSCO) for the revival of HNG following the Supreme Court direction

IBC 2025: Ambitious reforms undermined by institutional weakness

The IBC Amendment Bill 2025 proposes major reforms to expedite insolvency resolution and empower creditors, but its success hinges on strengthening the NCLT’s capacity and addressing persistent institutional shortcomings

Madhvani Group starts formal acquisition of glass bottle maker HNGIL after NCLT nod

According to the NCLT order, the plan involves a total investment of Rs 2,250 crore, comprising Rs 1,900 crore in upfront cash, Rs 350 crore deferred over 3 years to CoC and 5 percent equity to creditors.

No tax exemption for fast-track demergers in new I-T bill, experts say will hamper ease of business

The gap in the Income-Tax Bill, 2025 may hurt MSMEs and startups, which have been relying on simplified restructuring routes

Essel Group entity moves NCLT against Kotak AMC, say sources

Kotak AMC was represented by senior advocate, Gaurav Joshi, who opposed the petition. Joshi claimed that petition is not maintainable. Joshi was of the view that it was not a debt but a securities deposit

Insolvency plea filed against FirstCry subsidiary GlobalBees over Rs 65 crore dues

GlobalBees, which invests in and operates a portfolio of digital-first consumer brands, is actively seeking legal advice and plans to challenge the plea even at the admission stage, the company said in an exchange filing.

Meesho inches closer to IPO with NCLT approval to flip back to India

A complete flip back to India is necessary for Meesho if it wants to list on the bourses here.

Gensol Engg shares hit 2% lower circuit after NCLT admits plea to start insolvency proceedings against it

NCLT appoints interim resolution professional for Gensol Engg

CBI seeks custody of NCLT deputy registrar arrested on bribery charge

The CBI on May 29 arrested deputy registrar Charan Pratap Singh and his alleged aide Karsan Ganesh Ahir, who received the bribe amount on behalf of the accused officer.

NCLT finds systemic fraud at Gensol Engineering; passes interim order to freeze bank accounts

Tribunal orders wide-ranging interim reliefs on MCA’s plea citing fund diversion, financial misreporting, and public interest concerns

Have full control over Bhushan Power and Steel, 'strong grounds' for legal remedies: JSW Steel

The management noted its continued control over BPSL, in response to investors' questions on whether the Union government's Enforcement Directorate (ED) may seek to attach part of BPSL's assets

NCLT asks JSW Steel, lenders to present plan to reverse JSW Steel’s Bhushan Power takeover in May 26 hearing

Tribunal asks JSW, lenders to present concrete steps by May 26 to comply with Supreme Court's directions on resolution plan reversal

Gensol loan recovery: PFC may opt for DRT even as IREDA moves NCLT

With over Rs 977 crore in sanctioned loans, Gensol Engineering is facing intensified recovery proceedings from lenders amid widening financial and governance lapses.

Former Fortis promoter Shivinder Mohan Singh moves NCLT for personal bankruptcy, CNBC-TV18 reports

Singh, once ranked among India’s wealthiest businessmen, joined his brother Malvinder Singh in co-founding Fortis and Religare after they sold their majority stake in Ranbaxy Laboratories to Japan’s Daiichi Sankyo in 2008 for nearly $4.6 billion.

Revamped IBC regulations can further streamline liquidation and ease supervision, say experts

Experts said in order to simplify and consolidate the regulations - which could lead to faster completion of CIRP - the IBBI should club regulations pertaining to administrative matters.

Centre set to appoint 50 more members to NCLT benches to expedite resolution

The NCLT has a sanctioned strength of 63, but over the years, its strength had reduced to 39. Till February 2025, the NCLT was functioning with a little over half of its sanctioned strength.

Aakash founder joins NCLT battle against changes to firm's AoA

Founder Jagdish Chand Chaudhary, a minority shareholder in the Byju’s subsidiary, has joined other minority shareholders, including the Glas Trust, to contest changes to the Articles of Association

Byju's suspended RP, former promoters move appellate tribunal NCLAT

The tribunal also canceled the reconstitution of the Committee of Creditors (CoC) of Byju’s, which had been carried out by the Interim Resolution Professional on August 31, 2024. In this reconstitution, Srivastava had excluded Glas Trust and Aditya Birla Finance.