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Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.

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SC Allows Forensic Audit of Fortis in Daiichi-Sankyo DisputeFeatured
Supreme Court of Indiacorporatearbitration

SC Allows Forensic Audit of Fortis in Daiichi-Sankyo Dispute

Supreme Court upholds Delhi HC's order for forensic audit of Fortis Healthcare in Daiichi-Sankyo vs Singh brothers dispute, clarifying observations are prima facie only.

Sep 26, 2026Read more →
Cancelled RBI Licence Removes FSP Exclusion in CIRP: NCLTFeatured
National Company Law Tribunalcorporateinsolvency

Cancelled RBI Licence Removes FSP Exclusion in CIRP: NCLT

NCLT admitted a ₹1.68 crore MUDRA CIRP petition, ruling that cancellation of RBI registration ended the Financial Service Provider exclusion under Section 247(1) of the Companies Act.

Oct 12, 2026Read more →
Secured Creditor Misses Deadline on Hypothecated Assets: NCLATFeatured
National Company Law Appellate Tribunalcorporateinsolvency

Secured Creditor Misses Deadline on Hypothecated Assets: NCLAT

NCLAT rejected Tata Capital’s claim over hypothecated assets, ruling it missed the 30-day deadline under Regulation 21A of the CIRP Regulations.

Oct 12, 2026Read more →
Pending Winding-Up No Bar to CIRP: NCLT Admits ₹1,526 Cr ClaimFeatured
National Company Law Tribunalcorporateinsolvency

Pending Winding-Up No Bar to CIRP: NCLT Admits ₹1,526 Cr Claim

NCLT ruled that pending winding-up proceedings do not preclude CIRP if liquidation has not reached irreversible stages, admitting a ₹1,526 crore insolvency petition.

Oct 12, 2026Read more →
Dissolution of Corporate Debtor Doesn't Bar Action Against PromotersFeatured
National Company Law Tribunalcorporateinsolvency

Dissolution of Corporate Debtor Doesn't Bar Action Against Promoters

NCLT clarified that dissolution of a corporate debtor does not extinguish liability of promoters, directors, or guarantors, allowing recovery proceedings against them despite liquidation of the company.

Oct 12, 2026Read more →
RBI Licence Cancellation Removes FSP Shield in CIRPFeatured
National Company Law Tribunalinsolvencyfinancial_regulation

RBI Licence Cancellation Removes FSP Shield in CIRP

NCLT admits ₹1.68 crore MUDRA insolvency plea, ruling RBI licence cancellation removes financial service provider exclusion under IBC.

Oct 10, 2026Read more →
Secured Creditor Loses Claim After Missing 30-Day WindowFeatured
National Company Law Appellate Tribunalinsolvencycorporate

Secured Creditor Loses Claim After Missing 30-Day Window

NCLAT rules secured creditor barred from claiming hypothecated assets after failing to file claim within 30 days under Regulation 21A of IBC.

Oct 10, 2026Read more →
IT Dept Cannot Set Off Refund During IBC Moratorium: NCLATFeatured
NCLATinsolvencytax

IT Dept Cannot Set Off Refund During IBC Moratorium: NCLAT

NCLAT ruled that Income Tax Department cannot set off refunds against tax dues during IBC moratorium. Refund of ₹90.42 lakh directed to corporate debtor.

Oct 8, 2026Read more →
SAT Rules SEBI Can't Penalize for Pre-Acquisition DefaultsFeatured
Securities Appellate Tribunal, Mumbaiinsolvencysecurities

SAT Rules SEBI Can't Penalize for Pre-Acquisition Defaults

SAT quashes SEBI's Rs 6 lakh penalty on a corporate debtor, ruling that post-IBC resolution, pre-acquisition liabilities are extinguished.

Oct 8, 2026Read more →
SAT Quashes SEBI Order Against Raj Oil MillsFeatured
Securities Appellate Tribunal, Mumbaicorporateinsolvency

SAT Quashes SEBI Order Against Raj Oil Mills

SAT Mumbai sets aside SEBI's enforcement action against Raj Oil Mills, relying on the precedential value of the Monnet Ispat ruling regarding continuing liability.

Oct 8, 2026Read more →
Advance for Services Held as Operational Debt Under IBCFeatured
NCLAT Delhiinsolvencycorporate

Advance for Services Held as Operational Debt Under IBC

NCLAT Delhi held advance payments for brokerage services constitute operational debt, making Section 9 IBC proceedings maintainable.

Oct 5, 2026Read more →
Sham Dispute Not a Barrier to Section 9 IBC AdmissionFeatured
NCLAT Delhiinsolvencycorporate

Sham Dispute Not a Barrier to Section 9 IBC Admission

NCLAT Delhi ruled that a non-supply dispute was sham as documents were provided pre-notice; upheld admission of Section 9 IBC application.

Oct 5, 2026Read more →
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