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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
NCLT clears Aanand L Rai for arbitration against Eros after calling plea a disguise

NCLT clears Aanand L Rai for arbitration against Eros after calling plea a disguise

The NCLT has allowed filmmaker Aanand L Rai to proceed with arbitration in his dispute with Eros International Media. The tribunal rejected Eros’s attempt as a “dressed-up petition” meant to sidestep the arbitration clause both parties had agreed to. The matter will now move to arbitration, underscoring how strongly courts enforce contractual arbitration terms.

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

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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
Coforge completes Cigniti takeover after NCLT nod and shareholder approval

Coforge completes Cigniti takeover after NCLT nod and shareholder approval

Coforge has officially completed its acquisition of Hyderabad-based Cigniti Technologies. The company said the takeover moved forward after receiving required shareholder approval and clearance from the National Company Law Tribunal, along with completion of all regulatory requirements. The deal marks another step in consolidation within the IT services sector as both firms align operations post-closure.

Summarised by Beize from a story on The Economic Times on 1 May 2026
Delhi High Court dismisses challenge to NCLT acting president appointment as new president appointed

Delhi High Court dismisses challenge to NCLT acting president appointment as new president appointed

The Delhi High Court has dismissed a petition challenging the legitimacy of the National Company Law Tribunal’s acting president. The court said the issue has become moot after the Centre appointed Justice Anupinder Singh Grewal as the tribunal’s president. The ruling clears the way for the new leadership, ending the legal contest over the acting arrangement.

Summarised by Beize from a story on The Economic Times on 30 Apr 2026
Vedanta 65% share crash is misleading as demerger reshapes stock picture

Vedanta 65% share crash is misleading as demerger reshapes stock picture

Vedanta’s stock looked like it plunged nearly 65% after the demerger, but the real decline is about 5% due to share price adjustment mechanics. Four businesses—Aluminium, Power, Oil & Gas, and Steel—were separated to let each operate and be valued independently. NCLT approval cleared the restructuring, with new entities set to list separately.

Summarised by Beize from a story on The Economic Times on 30 Apr 2026

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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
SC to probe NCLT bar association’s legal standing to fight Centre notification on tribunal terms

SC to probe NCLT bar association’s legal standing to fight Centre notification on tribunal terms

The Supreme Court will examine the NCLT bar association’s locus standi as it challenges the Centre’s 2019 notification that fixed tribunal members’ terms at three years or until age 65. The court said whether members can continue beyond three years hinges on the decision on the association’s standing. Further hearing is set for July 20.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
RentoMojo IPO Faces NCLT Fight as Cofounder Alleges Fraud and a Coerced Sale

RentoMojo IPO Faces NCLT Fight as Cofounder Alleges Fraud and a Coerced Sale

RentoMojo’s IPO road has hit an NCLT roadblock after ex-COO Ajay Nain alleged he was coerced into selling his 9.41% stake at a fraction of value. Nain says executives hinted at imminent liquidation and used “fraud and misrepresentation,” pressing for the deal to be voided and the IPO halted. RentoMojo says the matter is sub-judice.

Summarised by Beize from a story on Inc42 on 24 Apr 2026
RentoMojo IPO in Jeopardy as Ex Cofounder Ajay Nain Alleges Forced, Undervalued Exit Deal

RentoMojo IPO in Jeopardy as Ex Cofounder Ajay Nain Alleges Forced, Undervalued Exit Deal

Ajay Nain, former COO and cofounder of IPO-bound RentoMojo, has petitioned NCLT Bengaluru claiming he was pushed out through a misleading, undervalued share sale in 2023. He alleges fraud and pressure to sell his 9.41% stake, while later buyouts and funding priced shares much higher—casting doubt on the “financial stress” narrative and potentially stalling the proposed IPO.

Summarised by Beize from a story on Inc42 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
NCLT contempt order could finally unblock Jyoti Structures revival after four years of delay

NCLT contempt order could finally unblock Jyoti Structures revival after four years of delay

Jyoti Structures’ insolvency resolution has been stuck for years because lenders did not act on bank guarantees worth over INR 1,350 crore. Now, an NCLT contempt order against the banks could compel compliance and allow the firm’s resolution plan to be implemented more fully, potentially restarting a stalled revival timeline that has dragged close to a decade.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
JC Flowers withdraws NCLT plea against Dish TV after shareholder board fight drags on

JC Flowers withdraws NCLT plea against Dish TV after shareholder board fight drags on

JC Flowers Asset Reconstruction has withdrawn its National Company Law Tribunal petition against Dish TV, ending a long dispute over board reconstitution and proposals rejected by shareholders. The plea sought an extraordinary general meeting, but its withdrawal gives Dish TV relief and shifts momentum in its favor after a prolonged tussle over control and governance.

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

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Supreme Court orders NCLT to speed decision on Supertech stalled projects panel

Supreme Court orders NCLT to speed decision on Supertech stalled projects panel

The Supreme Court has asked the National Company Law Tribunal to quickly decide whether a court-appointed oversight committee is required for Supertech’s 30 stalled projects. The direction follows the suspension of the interim resolution professional, raising worries among homebuyers about timelines and project completion. NCLT will examine whether such a committee should cover all projects or only those handled by NBCC.

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