812 insolvency appointments recorded in 2025

2025 insolvency figures represent a 7% decrease compared to 2024. The number of corporate insolvencies has remained largely consistent throughout the year – 206 in Q1,201 in Q2, 211 in Q3 and 194 in Q4. While Creditors Voluntary Liquidations (CVLs) continue to account for the majority of corporate insolvencies (535 CVLs/66% of 2025 insolvencies), there…

NCLAT Rulings of 2025 (Part 8)

NCLAT Upholds CCI’s Jurisdiction Under Section 4 of the Competition Act to Probe WhatsApp – Meta Data-Sharing Practices IN THE MATTER OF: WhatsApp LLC vs Competition Commission ofIndia CITATION : 2025 TAXSCAN (NCLAT) 371 In a landmark judgment, the National Company Law Appellate Tribunal (NCLAT) has upheld the Competition Commission of India’s (CCI) jurisdiction to…

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NCLT Admits PNB’s Insolvency Plea [Read Order]

The Mumbai Bench of National Company Law Tribunal (NCLT) admitted PNB’s Section 7 application against the Respondent for default exceeding ₹39 crore, arising mainly from invocation of bank guarantees worth ₹54.34 crore. The debits led to classification of the account as NPA on 30.06.2023. The Tribunal rejected the Corporate Debtor’s objections and held that debt…