News Updates
Madras High Court Upholds Penalty Waiver Under Section 80 For Financial Crisis In Service Tax
05 Aug 2026
Supreme Court Rules States Cannot Cite Financial Burden To Delay Judges Retiring At Sixty-Two
06 Aug 2026
Rajasthan High Court Demands Comprehensive Affidavit To Remove Encroachments Affecting Critical Ramgarh Dam Water Flow
06 Aug 2026
How Does Algorithmic Bias In Forest Governance Impact Adivasi Rights In Modern India Today?
06 Aug 2026
Christ University Pune Lavasa Hosts International Conference On Indian Knowledge Systems And Global Governance
06 Aug 2026
Bombay High Court Rules Pre-2015 Unilateral Arbitrator Appointments Valid if Contractually Authorized by Agreement
06 Aug 2026
Madras High Court orders TASMAC to issue bills for every liquor sale amid overcharging row
07 Aug 2026
Why Does Institutional Paralysis Persist Within India’s Lower Judiciary Recruitment Processes Across All State Boards?
07 Aug 2026
Ernst & Young Announces Applications for Senior Associate Role in Legal Practice
08 Aug 2026
Search Results for "Banking, Finance & Insolvency News | Supremetoday AI"
Supreme Court of India Flags Need for More Commercial Courts, Seeks State-wise Data
#CommercialCourts #SupremeCourt #JudicialInfrastructure #CommercialLitigation #CourtReform
Supreme Court of India Flags Need for More Commercial Courts, Seeks State-wise DataTheSupreme Court of Indiahas underscored the urgent need to establish additional commercial courts across the country, while calling for state-wise data on litigation trends to assess the precise demand for jud...
NCLT Jaipur Orders Liquidation of Dropbase Software, Replaces Resolution Professional for CIRP Delay
#InsolvencyLaw #Liquidation
NCLT Jaipur Orders Liquidation of Dropbase Software, Replaces Resolution Professional for CIRP DelayThe Jaipur Bench of the National Company Law Tribunal (NCLT) has ordered the liquidation of Dropbase Software Private Limit...
Allahabad High Court awards ₹25 lakh compensation to sisters illegally confined by father after conversion
#HabeasCorpus #Article21
Allahabad High Court awards ₹25 lakh compensation to sisters illegally confined by father after conversionTheAllahabad High Courthas held thatparental authoritycannot justify the detention of adult children, ordering the father of two sisters and theUttar Pradesh governmentto jointly pay ₹25 ...
NCLAT Rules Time-Barred Section 94 Insolvency Pleas Can Be Rejected Without RP Appointment
#IBC #PersonalGuarantor
NCLAT Rules Time-Barred Section 94 Insolvency Pleas Can Be Rejected Without RP AppointmentA Guarantor's Last-Ditch Bid FailsThe National Company Law Appellate Tribunal (NCLAT) has shut the door on a personal guarantor's attempt ...
NCLAT Rules Adjudicating Authority Must Consider Committee Of Creditors Recommendation When Appointing Corporate Liquidator
#IBC #InsolvencyLaw
NCLAT Rules Adjudicating Authority Must Consider Committee Of Creditors Recommendation When Appointing Corporate LiquidatorIn a significant ruling, theNational Company Law Appellate Tribunal(NCLAT), Principal Bench, New Delhi, has held that anAdjudicating Authoritycannot ignore the unanimous ...
Supreme Court: Sub-Judice Operational Creditor Claims Extinguished After IBC Plan Approval, Tata Steel
#IBC #OperationalCreditors
Supreme Court: Sub-Judice Operational Creditor Claims Extinguished After IBC Plan Approval, Tata SteelIn a landmark ruling that reinforces the “clean slate” doctrine under theInsolvency and Bankruptcy Code, theSupreme Court of Indiahas held that allsub‑judiceclaims ofoperational creditorsstan...
CCI Member Anil Agrawal Resigns After Three-Year Term
#CompetitionLaw #CCI
CCIMember Anil Agrawal Resigns After Three-Year TermIn a significant leadership transition for India’s primary market watchdog, Anil Agrawal, a seasoned bureaucrat and member of theCompetition Commission of India(CCI), has formally demitted his office. His departure, effectiveJuly 14, 2026, m...
NCLAT Sets Aside E-Auction Under Section 61 IBC for Failure to Facilitate Fair Bidding and Value Maximization
#IBC #Liquidation
When Technology Hurdles Clash with Value Maximization: NCLAT Intervenes in Moser-Baer Liquidation In a significant ruling that underscores the boundaries of "do-it-yourself" digital auction platforms, theNational Company Law Appellate Tribunal(NCLAT) has set aside a concluded e-auction concer...
NCLAT Imposes Cost on GNIDA for Frustrating Insolvency Resolution of Corporate Debtor
#IBC2016 #NCLAT
NCLAT Slams GNIDA with Costs for Obstructing Insolvency Resolution In a stern rebuke to theGreater Noida Industrial Development Authority (GNIDA), theNational Company Law Appellate Tribunal (NCLAT)has dismissed the authority’s latest appeal and imposed cost of ₹1 lakh. The tribunal found that...
Admission of Section 7 Insolvency Proceedings Upheld Despite Settlement Negotiations: NCLAT Rules
#IBC #Section7IBC #Insolvency
Settlement Talks Do Not Trump Statutory Process: NCLAT Affirms Admission of CIRP In a significant ruling for the integrity of the Insolvency and Bankruptcy Code (IBC), theNational Company Law Appellate Tribunal (NCLAT)has clarified that mere ongoing settlement negotiations cannot stall the ju...
