Important orders on IBC (Jan 1 – Jan 15, 2026)

NCLAT Fortnightly January 1-15, 2026  The following is a snapshot of the important orders passed by the National Company Law Appellate Tribunal (“NCLAT”), under the Insolvency and Bankruptcy Code, 2016 (“Code”), during the period between January 1, 2026, to January 15, 2026. For ease of reference, the orders have been categorized and dealt with in…

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To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…

A city on the docket: Inside Lavasa’s insolvency

“A city is a dream made visible.” The conception of Lavasa was precisely in this spirit. Envisioned as a privately planned hill city in the Western Ghats, it aspired to translate the idea of urban living into reality by combining homes, public spaces and a shared civic life within a self-contained settlement. Inspired by the…

NCLT Initiates Voluntary CIRP Against IMFL Manufacturer a After Establishing ₹1.80 Crore Financial Default [Read Order]

The National Company Law Tribunal, Chandigarh Bench has accepted the voluntary insolvency petition under Section 10 of the Insolvency and Bankruptcy Code, 2016 (IBC), filed by an Indian Made Foreign Liquor (IMFL) manufacturer on the basis of the financial default of ₹1.80 crore. The Bench comprising Mr. Khetrabasi Biswal (Judicial Member) and Mr. Shishir Agarwal…