IBC - NCLAT Fortnightly Summary (Dec 1- Dec 15, 2025)

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 December 1, 2025 to December 15, 2025.

For ease of reference, the orders have been categorized and dealt with in the following categories i.e., Pre-admission stage, Corporate Insolvency Resolution Process ("CIRP") stage, Liquidation and Miscellaneous.

A. Pre-admission Stage

1. In Shri. Chikali Nagaraju v. Ispat Corp Limited (Company Appeal (AT) (Insolvency) No. 1594 of 2025), the NCLAT, after observing that allowing an amendment application to revise the date of default does not curtail the corporate debtor's right to raise grounds to oppose the application on merit, held that a financial creditor can amend the date of default, which was originally identified to fall within the Section 10A period, when there was material to indicate that default had been