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NCLT admits Canara Bank insolvency plea against Supreme Housing with Rs 567 crore dues at stake

NCLT admits Canara Bank insolvency plea against Supreme Housing with Rs 567 crore dues at stake

The National Company Law Tribunal has admitted Canara Bank’s insolvency petition against Supreme Housing and Hospitality. The real estate firm is reportedly in default of more than Rs 567 crore. The case comes after multiple settlement attempts failed and years of litigation left the dispute unresolved, paving the way for insolvency proceedings.

Summarised by Beize from a story on The Economic Times on 14 May 2026
NCLT clears ATS Nobility Estates insolvency exit bringing relief to 600 Le Grandiose homebuyers

NCLT clears ATS Nobility Estates insolvency exit bringing relief to 600 Le Grandiose homebuyers

The National Company Law Tribunal has allowed ATS Group’s Nobility Estates to withdraw from insolvency proceedings. The ruling offers relief to more than 600 homebuyers stuck with the Le Grandiose project. The committee of creditors backed a settlement with the former management, including major payments and repayment of JM Financial’s debt via allocation of project units.

Summarised by Beize from a story on The Economic Times on 13 May 2026

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NCLT admits insolvency plea against Prime Focus over Rs 353 79 crore claim company fights back

NCLT admits insolvency plea against Prime Focus over Rs 353 79 crore claim company fights back

India’s NCLT has admitted an insolvency petition against Prime Focus Ltd filed by Reliance Alpha Services Pvt Ltd over a disputed Rs 353.79 crore claim. Prime Focus has challenged the move by approaching the NCLAT, arguing against the petition. The company says its VFX and post production operations continue as usual while the legal battle plays out.

Summarised by Beize from a story on The Economic Times on 8 May 2026
Embassy Developments shares jump 51% in three days as insolvency order is overturned

Embassy Developments shares jump 51% in three days as insolvency order is overturned

Embassy Developments shares surged about 51% over three days after the NCLAT overturned an earlier order that had admitted the company into insolvency proceedings. The sharp rebound lifted its market value by more than Rs 3,293 crore, pushing market capitalisation close to Rs 9,730 crore. Investors reacted to the legal relief behind the momentum.

Summarised by Beize from a story on The Economic Times on 7 May 2026
NCLAT rejects Vedanta challenge to Adani bid for Jaiprakash Associates insolvency deal

NCLAT rejects Vedanta challenge to Adani bid for Jaiprakash Associates insolvency deal

The NCLAT has dismissed Vedanta Ltd’s plea against the Gautam Adani group’s winning bid for bankrupt Jaiprakash Associates. The tribunal found Vedanta’s petitions without merit and upheld the Committee of Creditors’ ₹14,535-crore decision. Jaiprakash had entered insolvency after failing to repay bank dues exceeding ₹57,000 crore.

Summarised by Beize from a story on The Economic Times on 5 May 2026
NCLT clears Rs 730 crore revival plan for Rajesh Hotels after years in insolvency

NCLT clears Rs 730 crore revival plan for Rajesh Hotels after years in insolvency

The National Company Law Tribunal has approved a revival plan for Rajesh Business & Leisure Hotels, clearing the way for a consortium led by Rare Asset Reconstruction Company and Check-Inn Hotels to take over. The deal requires a ₹730 crore payment and follows the company’s insolvency admission in April 2022. Secured creditors will be fully settled under the approved plan.

Summarised by Beize from a story on The Economic Times on 4 May 2026

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NCLAT scraps insolvency order against Embassy Developments ending the resolution process

NCLAT scraps insolvency order against Embassy Developments ending the resolution process

The National Company Law Appellate Tribunal has set aside an earlier NCLT order that had pushed Embassy Developments into insolvency proceedings. With the appellate ruling, the corporate insolvency resolution process ends, while the firm’s projects and operations remain unaffected. The decision comes after the developer reported strong fiscal year performance and substantial pre-sales.

Summarised by Beize from a story on The Economic Times on 4 May 2026
NCLAT seals Adani takeover of Jaiprakash Associates lenders choice stands

NCLAT seals Adani takeover of Jaiprakash Associates lenders choice stands

The National Company Law Appellate Tribunal has upheld the National Company Law Tribunal’s ruling approving the Adani Group as the selected buyer for Jaiprakash Associates Ltd. NCLAT found no grounds to overturn the original decision and emphasized that lenders’ selection was based on commercial wisdom, keeping the deal on track.

Summarised by Beize from a story on The Economic Times on 4 May 2026
NCLT clears Mantra Properties buyout of Mulund project ending insolvency uncertainty

NCLT clears Mantra Properties buyout of Mulund project ending insolvency uncertainty

NCLT has approved Mantra Properties’ buyout related to its Mulund project, following the company’s corporate insolvency resolution process that began in July 2023. The move comes on a plea by Beacon Trusteeship Ltd, with two secured creditors sharing control—Beacon Trusteeship at Rs 902 crore and 60.54%, and ARCIL at Rs 589 crore and 39.46%.

Summarised by Beize from a story on The Economic Times on 2 May 2026
Supreme Court warns NCLT delays are trapping companies for years

Supreme Court warns NCLT delays are trapping companies for years

The Supreme Court has taken suo motu cognisance of severe delays at the NCLT, where approval of resolution plans is getting stuck. It flagged hundreds of pending applications with timelines stretching up to four years, citing inadequate infrastructure and shortages of members as major drivers. The move raises pressure for faster, more reliable insolvency outcomes.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026

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RBI wants IBC to replace may with shall to speed up bankruptcy approvals

RBI wants IBC to replace may with shall to speed up bankruptcy approvals

India’s bankruptcy process under the IBC is plagued by long delays, with cases lingering for years. RBI now proposes tightening timelines by changing key wording: moving from “may” to “shall” for whether authorities admit insolvency applications. An amendment bill incorporating the regulator’s suggestions is expected to be tabled in the upcoming budget session.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Centre Ordinance Pushes Pre Packed Insolvency for MSMEs to Speed Restructuring Talks

Centre Ordinance Pushes Pre Packed Insolvency for MSMEs to Speed Restructuring Talks

The Centre has promulgated an ordinance amending the Insolvency and Bankruptcy Code to introduce pre-packaged insolvency for MSMEs. Under the change, a firm prepares a restructuring plan in coordination with creditors before formal insolvency proceedings start. The goal is to reduce delays and overall costs by front-loading negotiations and speeding up resolution.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
IBBI lifts ban allowing one professional to manage firm insolvency and guarantor bankruptcy together

IBBI lifts ban allowing one professional to manage firm insolvency and guarantor bankruptcy together

The IBBI has amended its insolvency regulations to permit the same resolution professional to handle both a distressed firm’s resolution and the bankruptcy proceedings of its personal guarantors. By removing the earlier restriction on dual roles, the watchdog says the move will harmonize timelines, decision-making, and coordination across the two linked processes.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
SBI urges Supreme Court review to save banks as spectrum can no longer be seized

SBI urges Supreme Court review to save banks as spectrum can no longer be seized

State Bank of India has moved the Supreme Court seeking a review of a ruling that bars telecom spectrum from being treated as an asset during insolvency proceedings. SBI warns the decision could sharply weaken recovery prospects for lenders and disrupt infrastructure and telecom financing, arguing the judgment overlooks key issues banks rely on for resolution and recoveries.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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IBC amendment targets faster prepack resolutions for MSMEs with lower costs

IBC amendment targets faster prepack resolutions for MSMEs with lower costs

An amendment to India’s Insolvency and Bankruptcy Code is being proposed to introduce “prepack” resolutions for MSMEs. The alternative framework aims to make insolvency outcomes quicker and more cost-effective than traditional processes, potentially reducing delays and legal expenses for small businesses facing financial stress.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Supreme Court backs IBC as investment engine with time bound insolvency focus

Supreme Court backs IBC as investment engine with time bound insolvency focus

The Supreme Court has emphasized that India’s Insolvency and Bankruptcy Code is designed not just to resolve insolvencies, but to actively promote investment. It highlighted the code’s time bound approach for corporate persons, firms, and individuals, reinforcing that swift resolutions can strengthen investor confidence and improve India’s global appeal.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Adani tells NCLAT lenders back Jeetpakash process not judgeable wisdom as Vedanta counters

Adani tells NCLAT lenders back Jeetpakash process not judgeable wisdom as Vedanta counters

Adani Enterprises has told the NCLAT that the Jaiprakash Associates resolution followed due process, with evaluation metrics disclosed upfront and accepted by bidders. It opposed Vedanta’s late addendum, warning it could undermine process integrity. Adani also argued lender decisions represent commercial wisdom beyond judicial review, as the dispute remains pending before the tribunal.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Jaypee collapse turns into ED arrest as homebuyers money alleged siphoned by Manoj Gaur

Jaypee collapse turns into ED arrest as homebuyers money alleged siphoned by Manoj Gaur

Jaypee Group’s Manoj Gaur has been arrested by the Enforcement Directorate, accused of allegedly siphoning homebuyers’ money. Once a soaring conglomerate that expanded aggressively and reached dizzying heights in the early 2000s, the company now sits in insolvency. The case highlights how financial missteps can rapidly unravel a large business empire.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Gensol twins explore NCLT resolution under IBC as creditors brace for next steps

Gensol twins explore NCLT resolution under IBC as creditors brace for next steps

Gensol twins are reportedly considering a move to the NCLT to seek resolution under India’s Insolvency and Bankruptcy Code. Analysts say pursuing IBC options could benefit the company and its broader stakeholder base, including lenders and other creditors, by enabling a structured resolution process. The next decision could determine how claims and revival plans play out.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
NCLT adds 20 members as Supreme Court cracks down on IBC delays and timelines

NCLT adds 20 members as Supreme Court cracks down on IBC delays and timelines

With the Supreme Court sharply targeting procedural delays in IBC cases, attention is turning to how tribunals function in practice. NCLT is set to strengthen capacity with 20 new members across 16 benches, aiming to speed up case disposal and cut pendency. The push comes as stakeholders expect better timeline adherence and faster outcomes.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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