Test NCLT
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NCLT Hyderabad Rules, Information Utility Record Is Not Mandatory To Prove Debt And Default Under IBC
Pranav B Prem The National Company Law Tribunal (NCLT), Hyderabad Bench comprising Justice Rajeev Bhardwaj (Judicial Member) and Shri Sanjay Puri (Technical Member) has clarified that proving debt and default through records of default with the information utility is not mandatory. It held that if the financial creditor establishes debt and default through other cogent evidence, a petition under Section 7 of the Insolvency and...
NCLT Chandigarh Refuses Revival Of Company Under S.252(3) For Lack Of Financial Records Proving Substantial Investment
Pranav B Prem The National Company Law Tribunal (NCLT), Chandigarh Bench comprising Hon’ble Mr. Harnam Singh Thakur (Judicial Member) and Hon’ble Mr. Shishir Agarwal (Technical Member), has held that in the absence of substantial investments being reflected in a company’s balance sheet or valid financial records, revival under Section 252(3) of the Co...
NCLT Mumbai Declares Former DHFL Chairman Kapil Wadhawan Bankrupt Over ₹4546 Crore Debt; Appoints Bankruptcy Trustee
Pranav B Prem The National Company Law Tribunal (NCLT), Mumbai Bench–Court III, has declared Kapil Wadhawan, former Chairman and Managing Director of Dewan Housing Finance Corporation Ltd. (DHFL), as bankrupt over a debt exceeding ₹4545 crore. The order was passed on August 14, 2025, by a Bench comprising Judicial Member Ms. Lakshmi Gurung and Technical Member Shri Hariharan Neelakanta Iyer, on a...
NCLT Mumbai: Claims Arising From Copyright Disputes & Contract Termination Not Operational Debt Under IBC, Section 9 Petition Dismissed
Pranav B Prem The National Company Law Tribunal (NCLT), Mumbai Bench comprising Shri Sameer Kakar (Member Technical) and Shri Nilesh Sharma (Member Judicial) has held that it lacks jurisdiction to adjudicate disputes arising out of copyright violations and termination of contracts. The Tribunal clarified that such issues fall outside the ambit of the Insolvency and Ban...
NCLT Mumbai: Conversion Of Corporate Debtor To Private Company Can’t Be Denied Due To Pending SFIO Probe Once Resolution Plan Approved
Pranav B Prem The National Company Law Tribunal (NCLT), Mumbai Bench, has held that an application for conversion of a company from a public limited company to a private limited company under an approved resolution plan cannot be rejected on the ground that prosecutions or Serious Fraud Investigation Office (SFIO) probes are pending against the corporate debtor, as such proceedings abate once the plan...
