India: Insolvency/Bankruptcy

The following is a snapshot of the important orders passed by the National Company Law Appellate Tribunal ("NCLAT"), under the Insolvency and Bankruptcy Code, 2016 ("Code"), during the period between May 1, 2025 to May 15, 2025.

The National Company Law Appellate Tribunal ("NCLAT") on July 15, 2025, in the case of Pancham Studios Private Limited v. Konark Aquatics and Exports Private Limited...

On 9 July 2025 the National Company Law Tribunal, Kochi Bench, closed a long-running skirmish between the Employees' Provident Fund Organisation and the liquidator of Raihan Healthcare Private Limited.

In a significant ruling, the National Company Law Appellate Tribunal (NCLAT) has overturned a decision by the National Company Law Tribunal (NCLT) in an insolvency case involving Mrs. Leena Salot, the proprietor of Riddhim...

The case of Kalyani Transco vs. Bhushan Power and Steel Ltd. & Ors. arises from the insolvency resolution process of Bhushan Power and Steel Ltd., one of the largest and most high-profile insolvency cases under the Insolvency and Bankruptcy Code, 2016.

Dewan Housing Finance Corporation Limited ("DHFL"), a housing finance and Non-Banking Financial Company ("NBFC") regulated under the National Housing Bank Act, 1987 ("NHB Act") and the Reserve Bank of India Act, 1934 ("RBI Act"), was accused of committing financial scams, including inter alia loan frauds and money laundering.

The present dispute arose out of a contract executed between the appellant i.e., Union of India, and the respondent i.e., Ahluwalia Contracts (India) Ltd., for execution of electrical works (Package-III) at AIIMS, Patna.

The intersection of insolvency law and criminal liability for cheque bounce became a significant area of legal debate in India, after the introduction of the Insolvency and Bankruptcy Code...

The June 2025 edition of Fox & Mandal's Dispute Resolution & ADR Newsletter analyses the initiation of insolvency in case of a mutual set-off; validity of "ex post facto" Environmental Clearance; bar to Section 9 interim relief for MSMEs during conciliation; validity of service bond clauses; the rights of the solvent members in consortium-led projects when one member faces insolvency; and other recent judgments of the Supreme Court of India, High Courts, and Tribunals.