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 · NCLT · Page 1 of 2

NCLT · Company Law

NCLT: Invoked Guarantee Alone Did Not Prove Insolvent Status

Mr. Dhananjay Sanjay Agrawal v. Mr. Jigar Tarunkumar Bhatt, RP of Raninga Paper Mills Private Limited

Raninga Paper Mills: NCLT Ahmedabad distinguished an unpaid invoked guarantee from undischarged-insolvent status, with MSME and limited-standing qualifications.

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NCLT · Company Law

NCLT: Mixed Section 10A Invoices Need a Clear Default Case

Alliance Advertising and Marketing Pvt. Ltd. v. Eduisfun Technologies Pvt. Ltd.

NCLT Mumbai dismissed a mixed-invoice Section 9 petition after refusal to amend Form 5. Learn how default dates, acknowledgments and interest affected the case.

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NCLT · Company Law

NCLT Rejected Section 95 Proceedings Tied to Foreign Borrowers

Punjab National Bank v. Reji Abraham

PNB v Reji Abraham: NCLT Chennai’s 23 September 2026 jurisdiction ruling on foreign borrowers, Chennai residence and a Section 95 personal-guarantor petition.

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NCLT · Company Law

NCLT: A Successor RP Can Re-verify Unsupported Homebuyer Claims

Shailendra Kataria v. Manish Lalji Dawda, RP of Wadhwa Buildcon LLP

NCLT Mumbai upheld re-verification of unsupported homebuyer claims in Wadhwa Buildcon on 11 September 2026, preserving the limit on an RP’s adjudicatory powers.

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NCLT · Company Law

NCLT: Unpaid Cancellation Did Not End This Homebuyer’s Allotment

Sujay Shankar Mukherjee v. Ashish Chawchharia, Resolution Professional of Riverbank Developers Private Limited

Hiland Greens: NCLT Kolkata’s 10 September 2026 order on conditional cancellation, an alternative flat, CoC approval and refund relief during CIRP.

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NCLT · Company Law

NCLT: An Early Redemption Notice Did Not Make OCD Debt Due

Pink City Fincap Private Limited v. Arthmate Tech Private Limited

Pink City v Arthmate: NCLT examined who held early-redemption rights, maturity at the filing date, interest reconciliation and a failed Section 65 penalty request.

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NCLT · Company Law

NCLT Rejects SRS Plan’s 5% Homebuyer Pricing Divide

In re SRS Real Estate Ltd. and SRS Retreat Services Ltd., application of RP Shyam Arora

NCLT Chandigarh rejected SRS’s plan over differential homebuyer pricing, valuation defects and incomplete claims. Read the 9 September 2026 order and its limits.

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NCLT · Company Law

NCLT Restored CIRP After Jain Housing’s Failed Resolution Plan

Sandhya and Co & Anr v. Jain Housing and Constructions Limited

NCLT Chennai restored Jain Housing’s CIRP on 8 September 2026, appointed a new RP and sought a report instead of ordering immediate liquidation.

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NCLT · Company Law

NCLT Declined Perjury Referral Over Disputed Financial Statements

Aditya Raheja v. Omkara Assets Reconstruction Pvt. Ltd. & Ors

Aditya Raheja v Omkara: NCLT’s 3 September 2026 order distinguishes disputed debt figures from a supported perjury-referral case and preserves the CrPC/BNSS posture.

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NCLT · Company Law

NCLT: Same-Day CCD Conversion and Redemption Was Preferential

Mr. Rajendra M. Ganatra v. Mr. Atul Shamji Bharani & Others

Sunshine Housing: NCLT Mumbai examined same-day CCD conversion/redemption, preference evidence and a successor RP’s enlarged avoidance application.

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NCLT · Company Law

NCLT Ended Gupta’s Guarantor Process After Plan Rejection

Mr. Purusottam Behera v. Mr. Anurag P. Gupta

Anurag Gupta’s rejected repayment plan: NCLT Mumbai ended the personal resolution process on 2 September 2026 while bankruptcy remained a separate application.

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NCLT · Company Law

NCLT Ordered Refund of UPSIDA Dues Paid Under Protest

RDB Realty & Infrastructure Limited v. Uttar Pradesh State Industrial Development Authority (UPSIDA)

RDB Realty v UPSIDA: NCLT Allahabad ordered refund of ₹35,31,779 on 2 September 2026, distinguishing old corporate dues from auction-transfer obligations.

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