Orders, reasoning and practical consequences

Tribunal Analysis

NCLT, NCLAT and DRAT case notes grounded in the original orders. Find the operative ruling, the reasoning that supports it and the limits that matter in practice.

39 articles · Explore all judgment analysis

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Publication dates describe our articles; order dates describe the underlying decisions. Source-check dates record the verification described in each note.

13 articles · NCLAT · Page 1 of 2

NCLAT · Company Law

NCLAT: Loan Entries Alone Do Not Convert Share-Purchase Money into Financial Debt

Catalyst Refinery Services Private Limited v. Ganpati Global Private Limited

Catalyst Refinery v. Ganpati Global: why loan entries and TDS did not prove financial debt, what the NCLAT left open, and practical Section 7 evidence checks.

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NCLAT · Company Law

NCLAT: Homebuyer AR Lapses Did Not Justify Registration Cancellation

Deepak Kumar Goyal v. Insolvency and Bankruptcy Board of India

Deepak Kumar Goyal v IBBI: consultation records and prior instructions remained mandatory, but NCLAT remanded the cancellation penalty for reconsideration.

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NCLAT · Company Law

NCLAT: A Resolution Plan Must Explain How It Addresses the Default

Dickey Special Situation Investment Trust-DSSF Series 2 v. Mr. Manish Agarwal, Committee of Creditors of Worlds Window Exim Private Limited and Mr. Sandeep Chandna

Dickey v Manish Agarwal: NCLAT upheld plan rejection for a missing cause-of-default explanation, while correcting the valuation and assignee-entitlement reasoning.

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NCLAT · Company Law

NCLAT: Going-Concern Sale Commenced with This Liquidation Order

Debashis Nanda v. Stakeholders' Consultation Committee

Debashis Nanda: NCLAT applied the saving for an already-commenced going-concern sale, treating the liquidation order rather than auction notice as decisive.

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NCLAT · Company Law

NCLAT: Security Documents Did Not Cure a Late Section 52 Election

Tata Capital Limited v. Mr. Sanjay Mahajan

Tata Capital v. Sanjay Mahajan: why security and Form D did not establish timely election, with the historical 30-day rule separated from the 2026 amendment.

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NCLAT · Company Law

NCLAT Dismisses Prateek Jain’s Shareholder Appeal Against Plan Approval

Prateek Jain v. Mr. Anurag Nirbhaya, M/s. Red Apple Buyers Welfare Association, SRA Society and M/s. Windsor Paradise Heights Pvt. Ltd.

Prateek Jain: NCLAT rejected this shareholder-only plan appeal and unsupported fraud allegations; homebuyers could not substitute support for their own challenge.

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NCLAT · Company Law

NCLAT: Pending PMLA Proceedings Did Not Alone Establish Section 29A Ineligibility

Suraksha Realty Ltd. v. Amit Gupta Resolution Professional of Mahavir Roads and Infrastructure Pvt. Ltd. & Anr.

Suraksha Realty: NCLAT distinguished pending proceedings from the conviction limb of Section 29A, while examining what the CoC knew before approval.

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NCLAT · Company Law

NCLAT Upholds Section 66 Contribution for Missing Hypothecated Machinery

Mr. Dinesh Keshawrao Atkare and Mr. Madan Keshawrao Atkare v. Ms. Palak Swapnil Desai

Atkare v Desai: financing records, inspections and unexplained substitution supported Section 66 contribution; a mere discrepancy alone was not the test.

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NCLAT · Company Law

NCLAT: NOIDA Lease Priority Clause Did Not Secure Every Authority Due

Greater Noida Industrial Development Authority and New Okhla Industrial Development Authority v. Anand Sonbhadra et al.

NCLAT distinguished contingent priority for unearned increase from an unconditional charge for authority dues in the Subhkamna lease appeals.

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