NCLATcorporate
NCLAT: Section 98 Requires Proof of Impracticability
The NCLAT has set aside an NCLT order, clarifying that Section 98 necessitates proof of impracticability in convening an EGM.
Aug 28, 2026Read more →
Court News
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
National Company Law Appellate Tribunalcorporate
NCLAT Upholds RP’s Right to Seek Revenue Records in Dispute
The NCLAT affirmed the right of the Resolution Professional to obtain revenue records, rejecting claims of disputed ownership as a reason to withhold the information.
Aug 27, 2026Read more →
National Company Law Tribunalcorporate
NCLT Rejects ₹1,000 Share Conversion Plan; Orders Liquidation
The NCLT has rejected a resolution plan due to lack of statutory valuation for a ₹1,000 share conversion, resulting in ordered liquidation for non-compliance with the Companies Act.
Aug 27, 2026Read more →
Central Crime Stationcorporatetax
Chartered Accountant Charged in ₹464.8 Crore Fake Certificate Scam
A chartered accountant has been booked for allegedly issuing fraudulent Form 15CB certificates, leading to foreign remittances amounting to ₹464.8 crore through two suspected shell firms. This action has raised significant concerns over regulatory compliance in financial transactions.
Aug 26, 2026Read more →
National Company Law Appellate Tribunalcorporateinsolvency
NCLAT Upholds RP’s Right to Seek Mall Revenue Details Amid Disputed Ownership
In a significant ruling, the NCLAT has upheld the resolution professional's right to obtain mall revenue records, deeming them vital for scrutinizing disputed transactions during the CIRP.
Aug 26, 2026Read more →
National Company Law Tribunalcorporateinsolvency
NCLT Orders Liquidation for Failure to Provide Performance Bank Guarantee
Due to the repeated failure to supply a mandatory Performance Bank Guarantee, the NCLT has ordered the liquidation of a corporate entity, deeming the resolution plan non-responsive.
Aug 26, 2026Read more →
National Company Law Tribunalcorporateinsolvency
NCLT Rejects ₹7 Cr Resolution Plan for Failing Dissenting Creditor Entitlements
The NCLT has rejected a resolution plan that proposed ₹7 Crores against a liquidation value of ₹9.42 Crores, finding it inadequate in protecting the statutory rights of dissenting creditors.
Aug 26, 2026Read more →
National Company Law Tribunalcorporateinsolvency
NCLT Orders Liquidation Over ₹1,000 Share Conversion Compliance Failure
The NCLT has rejected a resolution plan involving ₹1,000 share conversion due to non-compliance with statutory valuation requirements under the Companies Act, leading to an order for liquidation.
Aug 26, 2026Read more →
Not Applicablecorporateregulatory
Alignment of SEBI’s Cyber Incident Reporting Portal with FIRE format
SEBI has announced the alignment of its cyber incident reporting portal with the Financial Stability Board's FIRE format, mandating structured reporting for regulated entities. This is a significant regulatory shift towards enhancing cybersecurity measures.
Aug 26, 2026Read more →
Not Applicablecorporateregulatory
SEBI, RRU and NISM Sign Tripartite MoU for Capacity Building
SEBI has signed a tripartite MoU with RRU and NISM aimed at enhancing capacity building in the securities market. This collaboration focuses on training, research, and technology implementation.
Aug 26, 2026Read more →
NCLATcorporatelitigation
NCLAT Allows Oppression Petition with Reduced Membership Threshold
The NCLAT has set aside an NCLT order and allowed a Section 241 petition for oppression, ruling that a group of four members satisfied the minimum threshold of one-tenth under Section 244 of the Companies Act. This decision clarifies the membership requirements for filing such petitions.
Aug 26, 2026Read more →
Supreme Court of Indiaarbitrationcorporate
Section 16 Arbitration Order Cannot Be Re-examined in Writ Jurisdiction: SC Dismisses Appeal
The Supreme Court has reiterated that arbitration orders made under Section 16 cannot be re-examined in writ jurisdiction. The court has held that the issue of stamping related to the arbitration will remain open for consideration at the Section 34 stage.
Aug 26, 2026Read more →