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Nov 19, 2025
IBBI Issues New Directive to Strengthen Section 29A Due Diligence: Resolution Professionals Now Required to Place Mandatory Eligibility Note Before CoC
In a significant regulatory intervention aimed at reinforcing the transparency and integrity of India’s insolvency resolution ecosystem, the Insolvency and Bankruptcy Boa...
Mrs. Rachna Gupta, Advocate
Apr 2, 2024
Navigating Valuation Challenges in Corporate Insolvency Resolution: A Case Analysis of M/s. Jeypore Sugar Company Limited
Corporate insolvency resolution processes (CIRP) and subsequent liquidation proceedings under the Insolvency and Bankruptcy Code, 2016 (IBC) are complex procedures aimed ...
REEDLAW
LATEST CASE LAWS
Supreme Court
High Court
NCLAT
The appeal concerned a narrow procedural issue, namely whether an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, verified on a later date but supported by an affidavit sworn earlier, could be rejected at the threshold solely on that ground. The Adjudicating Authority had taken the view that the mismatch between the verification date and the affidavit date rendered the application fundamentally defective and accordingly dismissed the Section 7 petition filed by the Respondent-Financial Creditor.
The Financial Creditor carried the matter in appeal, and t...
Livein Aqua Solutions Private Limited v. HDFC Bank Limited
November 24, 2025
REEDLAW 2025 SC 11552
A petition had been filed challenging the debiting of a disputed transaction amount on a credit card, which the Petitioner claimed was neither requested nor activated. The Petitioner had originally used one credit card, but a second card was issued without any specific request. Immediately after issuance, a transaction for ₹76,777 was executed through a digital payment platform as a rent payment. According to the Petitioner, the card had never been activated, and no OTP or authentication was received. A complaint was initially raised with the Bank and also with the cyber cell. T...
Sarwar Raza v. Ombudsman, Reserve Bank of India and Another
November 27, 2025
REEDLAW 2025 Del 11014
The appeal had arisen from an order by the adjudicating authority, which had partly allowed an application under Section 66 of the IBC and had directed contribution to the credit of the Corporate Debtor on account of two transactions held to be fraudulent. The Appellant had assailed this finding on the ground that the transactions were bona fide commercial dealings and that the liquidator failed to discharge the burden of proving fraudulent intent. The Appellant emphasised that default in recovery from a business counter-party could not, in itself, amount to fraudulent trading, ...
Shantilal Javerchand Jain and Others v. Vinodkumar Pukhraj Ambavat and Others
December 4, 2025
REEDLAW 2025 NCLAT Del 12515
DRAT
The Appellant filed an appeal under Section 20 of the Recovery of Debts and Bankruptcy Act, 1993, challenging the judgment dated 07.12.2019 by the Debts Recovery Tribunal, which had allowed the Original Application filed by the Respondent-Bank for recovery of dues arising from a cash credit facility of Rs. 25 lakhs granted to the borrowers. The loan was secured by hypothecation of stock and book debts, and the Appellant, along with the borrowers, had been shown as guarantors. Upon the borrowers’ failure to maintain financial discipline, the loan account was classified as NPA, le...
Sharvan Kumar Shukla v. Bank of Baroda and Others
