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Corporate Insolvency

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U.S. 1040 tax form with 2021 planner on a pastel pink background, symbolizing tax season.
Posted inBlog

ITAT Mumbai Rules IBC Resolution Plan Extinguishes Unclaimed Tax Reassessment

ITAT Mumbai holds that tax reassessment and demands cannot survive if pre-CIRP tax claims were omitted from an approved resolution plan.
Posted by Prasenjit Bhowmik September 12, 2026
A simple white paper checklist with one red checkmark, ideal for concepts like completion or approval.
Posted inBlog

Understanding the NCLT Resolution Plan Approval in Satellite Cables Insolvency Case

Explore the legal challenges brought by suspended directors against the NCLT approval of a resolution plan for Satellite Cables Private Limited.
Posted by Prasenjit Bhowmik September 4, 2026
Legal Proceedings Advance in Laxmi Precision Screws Insolvency Case
Posted inBlog

Legal Proceedings Advance in Laxmi Precision Screws Insolvency Case

On August 17, 2026, judicial proceedings regarding the insolvency resolution of M/S Lakshmi Precision Screws Limited advanced significantly before the appellate tribunal, presided over by Judicial Member Justice Yogesh Khanna.This…
Posted by Prasenjit Bhowmik August 18, 2026
Legal Proceedings Advance in Sumit Sunil Chakraborty Versus Arun Kapoor Case
Posted inBlog

Legal Proceedings Advance in Sumit Sunil Chakraborty Versus Arun Kapoor Case

On August 13, 2026, the judicial proceedings for the case involving Sumit Sunil Chakraborty and Arun Kapoor along with other respondents progressed through a hybrid hearing mode. Justice Mohd. Faiz…
Posted by Prasenjit Bhowmik August 15, 2026
IFCI Limited Challenges Resolution Plan and Distribution Ruling in Corporate Insolvency Case
Posted inBlog

IFCI Limited Challenges Resolution Plan and Distribution Ruling in Corporate Insolvency Case

IFCI Limited appeals a court ruling that blocks dissenting minority creditors from challenging corporate insolvency resolution plans.
Posted by Prasenjit Bhowmik August 12, 2026
IFCI Limited Challenges Resolution Plan Distribution in Legal Appeal
Posted inBlog

IFCI Limited Challenges Resolution Plan Distribution in Legal Appeal

On August 5, 2026, appellate proceedings commenced regarding a legal dispute involving IFCI Limited and Mr. Sandeep Goel and others, concerning a contentious corporate resolution plan and its distribution framework.…
Posted by Prasenjit Bhowmik August 11, 2026
Former Employees Challenge Resolution Plan in Hindustan Newsprint Ltd Legal Proceedings
Posted inBlog

Former Employees Challenge Resolution Plan in Hindustan Newsprint Ltd Legal Proceedings

Former Hindustan Newsprint employees challenge a key insolvency resolution plan in court to secure their unpaid gratuity and leave encashment benefits.
Posted by Prasenjit Bhowmik August 9, 2026
Legal Proceedings Advance in Tropical Ventures versus Incab Industries Insolvency Case
Posted inBlog

Legal Proceedings Advance in Tropical Ventures versus Incab Industries Insolvency Case

On August 6, 2026, the judicial proceedings involving Tropical Ventures Company Limited and Incab Industries Ltd reached a new procedural milestone before Justice Yogesh Khanna. The latest hearing focused on…
Posted by Prasenjit Bhowmik August 8, 2026
Catalyst Trusteeship Appeals Dismissed in Swastik Homebuild Insolvency Case
Posted inBlog

Catalyst Trusteeship Appeals Dismissed in Swastik Homebuild Insolvency Case

An Indian tribunal has dismissed Catalyst Trusteeship appeals in the Swastik Homebuild insolvency case, resolving the legal dispute in a single ruling.
Posted by Prasenjit Bhowmik August 7, 2026
Suspended Director of Monte Carlo Limited Challenges Insolvency Ruling in Appellate Tribunal
Posted inBlog

Suspended Director of Monte Carlo Limited Challenges Insolvency Ruling in Appellate Tribunal

On August 3, 2026, the National Company Law Appellate Tribunal convened in hybrid mode to hear a high-profile corporate insolvency appeal filed by Mrunal Kanubhai Patel, the suspended director and…
Posted by Prasenjit Bhowmik August 4, 2026

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