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.

39 articles · Page 3 of 4

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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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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NCLAT · Company Law

NCLAT Quashes Wrong-Bench Personal-Guarantor Proceedings in Singla

Kamlesh Rani Singla v. Praveen Kumar Garg and Mr. Gautam Singhal

Kamlesh Rani Singla: NCLAT quashed Delhi proceedings where the corporate CIRP was pending in Chandigarh, leaving liberty to approach the proper forum.

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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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