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How to appeal an NCLT order to the NCLAT
An order of the National Company Law Tribunal can change control of a company overnight. An admission order under the Insolvency and Bankruptcy Code, 2016 triggers a moratorium and
Section 241 and 242 of the Companies Act, 2013: Oppression & Mismanagement — Who Has Standing to File? (2026 NCLAT Update)
Introduction: The Statutory Remedy Against Majority Rule Corporate democracy functions on the fundamental principle of majority rule. However, when the majority abuses its power to
Oppression and Mismanagement: Section 241 Companies Act 2013
Introduction: Understanding Member Rights in Corporate Governance The recent pronouncement by the National Company Law Appellate Tribunal (NCLAT), Chennai Bench, has brought renewe
Post-Notice Disputes as Pre-Existing Disputes Under IBC: A Legal Analysis
Introduction The Insolvency and Bankruptcy Code, 2016 (IBC), provides a structured mechanism for resolving insolvency disputes, particularly through the Corporate Insolvency Resolu
Impacts of Recent Amendments in the Companies Act on Corporate Governance
Introduction Corporate governance forms the backbone of any company’s functioning, ensuring accountability, transparency, and ethical management practices. Over the years, the
Can Tax Refunds Be Set Off Against Dues During the IBC Moratorium? The Kotak Urja Ruling and 2026 Law
Tax authorities routinely adjust a refund due to a taxpayer against outstanding tax demands of the same taxpayer. When the taxpayer is a company undergoing corporate insolvency res
Belated Claims under IBC: Why Claims Filed After CoC Approval of a Resolution Plan Are Generally Not Admitted
A corporate insolvency resolution process (“CIRP”) under the Insolvency and Bankruptcy Code, 2016 (“IBC”) works only if everyone bidding for the corporate d
Section 10A of the IBC and COVID-Period Defaults: The NCLAT Decision in the Sporta Technologies Appeal
Section 10A of the Insolvency and Bankruptcy Code, 2016 (“IBC”) was a pandemic-era measure with a permanent effect: defaults that arose during the protected window can
CIRP Timelines, Aircraft Lessors and Liquidation: What the Go First Proceedings Show about Airline Insolvency
An airline in insolvency raises problems that the Insolvency and Bankruptcy Code, 2016 (“IBC”) was not originally designed for: the most valuable assets are leased, the
What “Time Value of Money” Means for Financial Debt under the IBC
Whether a creditor is a “financial creditor” decides who controls an insolvency: only financial creditors sit on the committee of creditors and vote on a resolution pla
