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SC to probe NCLT bar association’s legal standing to fight Centre notification on tribunal terms

SC to probe NCLT bar association’s legal standing to fight Centre notification on tribunal terms

The Supreme Court will examine the NCLT bar association’s locus standi as it challenges the Centre’s 2019 notification that fixed tribunal members’ terms at three years or until age 65. The court said whether members can continue beyond three years hinges on the decision on the association’s standing. Further hearing is set for July 20.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
RentoMojo IPO Faces NCLT Fight as Cofounder Alleges Fraud and a Coerced Sale

RentoMojo IPO Faces NCLT Fight as Cofounder Alleges Fraud and a Coerced Sale

RentoMojo’s IPO road has hit an NCLT roadblock after ex-COO Ajay Nain alleged he was coerced into selling his 9.41% stake at a fraction of value. Nain says executives hinted at imminent liquidation and used “fraud and misrepresentation,” pressing for the deal to be voided and the IPO halted. RentoMojo says the matter is sub-judice.

Summarised by Beize from a story on Inc42 on 24 Apr 2026

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RentoMojo IPO in Jeopardy as Ex Cofounder Ajay Nain Alleges Forced, Undervalued Exit Deal

RentoMojo IPO in Jeopardy as Ex Cofounder Ajay Nain Alleges Forced, Undervalued Exit Deal

Ajay Nain, former COO and cofounder of IPO-bound RentoMojo, has petitioned NCLT Bengaluru claiming he was pushed out through a misleading, undervalued share sale in 2023. He alleges fraud and pressure to sell his 9.41% stake, while later buyouts and funding priced shares much higher—casting doubt on the “financial stress” narrative and potentially stalling the proposed IPO.

Summarised by Beize from a story on Inc42 on 24 Apr 2026
Gensol twins explore NCLT resolution under IBC as creditors brace for next steps

Gensol twins explore NCLT resolution under IBC as creditors brace for next steps

Gensol twins are reportedly considering a move to the NCLT to seek resolution under India’s Insolvency and Bankruptcy Code. Analysts say pursuing IBC options could benefit the company and its broader stakeholder base, including lenders and other creditors, by enabling a structured resolution process. The next decision could determine how claims and revival plans play out.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
NCLT adds 20 members as Supreme Court cracks down on IBC delays and timelines

NCLT adds 20 members as Supreme Court cracks down on IBC delays and timelines

With the Supreme Court sharply targeting procedural delays in IBC cases, attention is turning to how tribunals function in practice. NCLT is set to strengthen capacity with 20 new members across 16 benches, aiming to speed up case disposal and cut pendency. The push comes as stakeholders expect better timeline adherence and faster outcomes.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
NCLT contempt order could finally unblock Jyoti Structures revival after four years of delay

NCLT contempt order could finally unblock Jyoti Structures revival after four years of delay

Jyoti Structures’ insolvency resolution has been stuck for years because lenders did not act on bank guarantees worth over INR 1,350 crore. Now, an NCLT contempt order against the banks could compel compliance and allow the firm’s resolution plan to be implemented more fully, potentially restarting a stalled revival timeline that has dragged close to a decade.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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JC Flowers withdraws NCLT plea against Dish TV after shareholder board fight drags on

JC Flowers withdraws NCLT plea against Dish TV after shareholder board fight drags on

JC Flowers Asset Reconstruction has withdrawn its National Company Law Tribunal petition against Dish TV, ending a long dispute over board reconstitution and proposals rejected by shareholders. The plea sought an extraordinary general meeting, but its withdrawal gives Dish TV relief and shifts momentum in its favor after a prolonged tussle over control and governance.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Supreme Court orders NCLT to speed decision on Supertech stalled projects panel

Supreme Court orders NCLT to speed decision on Supertech stalled projects panel

The Supreme Court has asked the National Company Law Tribunal to quickly decide whether a court-appointed oversight committee is required for Supertech’s 30 stalled projects. The direction follows the suspension of the interim resolution professional, raising worries among homebuyers about timelines and project completion. NCLT will examine whether such a committee should cover all projects or only those handled by NBCC.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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