The National Company Law Tribunal rejected a petition filed by Uniton Infra seeking initiation of bankruptcy proceedings against Shapoorji Pallonji & Co over an alleged default of ₹4.31 crore, the Economic Times of India reported. Uniton Infra filed the petition under Section 9 of the Insolvency and Bankruptcy Code, which allows an operational creditor to seek bankruptcy proceedings. It alleged that Shapoorji Pallonji & Co did not pay it for the work carried out for resurfacing damaged cement concrete roads in Nellore, Andhra Pradesh.

The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal by Affle 3i Ltd challenging an NCLT order that allowed initiation of insolvency proceedings against Talent Unlimited Online Services Pvt Ltd., PTINews.com reported. However, a two-member bench of the appellate tribunal granted Affle 3i liberty to file a fresh application before the National Company Law Tribunal (NCLT) alleging fraudulent initiation of the Corporate Insolvency Resolution Process (CIRP).

India Power Corporation, formerly DPSC Ltd, which is undergoing corporate insolvency resolution proceedings has disclosed that it received a notice from the Serious Fraud Investigation Office (SFIO) seeking information and documents in connection with an investigation into the affairs of Gupta Power Infrastructure. The notice follows an order dated October 28, 2025, issued by the Ministry of Corporate Affairs under Section 212(1)(c) of the Companies Act, 2013, directing the SFIO to investigate the affairs of Gupta Power Infrastructure.

The shortage of members and infrastructure at India's insolvency tribunal has come into focus after a five-member special bench hearing Zee founder Subhash Chandra's personal insolvency case on Wednesday deferred proceedings for want of an available bench, LiveMint.com reported. The case involves Chandra's ₹6.5-crore repayment plan. The episode has once again highlighted concerns over the National Company Law Tribunal's (NCLT) capacity to hear insolvency and company-law matters, with cases being adjourned frequently due to a shortage of benches.

National Company Law Appellate Tribunal (NCLAT) has asked NCLT (National Company Law Tribunal) and Insolvency and Bankruptcy Board of India (IBBI) to suggest a new interim resolution professional (IRP) within a week for 16 stalled Supertech projects, the Times of India reported.

A new sanctions law giving President Trump broad authority to impose steep tariffs on countries that buy Russian oil adds a new layer of uncertainty to India’s already fraught trade relationship with the United States, the New York Times reported. The bill, signed by President Trump on Friday, gives him the power to impose tariffs of up to 100 percent on goods from countries that continue to buy Russian energy. The aim of Congress was to choke off the revenue that finances Moscow’s war in Ukraine. The law, however, gives Mr.

The Insolvency and Bankruptcy Board of India’s (IBBIs) proposals to strengthen safeguards in the insolvency resolution process for personal guarantors to corporate debtors seek to address long-standing gaps in the framework, but some of the proposed changes may require amendments to the Insolvency and Bankruptcy Code itself, experts said, the Economic Times of India reported. The IBBI, in a discussion paper released on September 16, has proposed four changes to the regulations governing insolvency resolution of personal guarantors.

The National Company Law Appellate Tribunal (NCLAT) has reiterated that proceedings under the Insolvency and Bankruptcy Code are time-bound and an appeal against an order passed by the National Company Law Tribunal (NCLT) must be filed within 30 days of the order, the Economic Times of India reported.