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EAS Sarma v. Union of India and Others, REEDLAW 2026 SC 01590
The Supreme Court expressed grave concern over the misuse of the Insolvency and Bankruptcy Code through systematic asset undervaluation and pre-planned resolution processes, warning against insolvency becoming a shield for legitimising financial fraud.
1 day ago1 min read
Misuse of IBC Through Asset Undervaluation and Pre-Planned Auctions: Supreme Court Flags Systemic Abuse and Bank Collusion
The Supreme Court expressed grave concern over the misuse of the Insolvency and Bankruptcy Code through systematic asset undervaluation and pre-planned resolution processes, warning against insolvency becoming a shield for legitimising financial fraud.
1 day ago4 min read
Redpro Construction Private Limited v. Skyline Infratech Private Limited, REEDLAW 2025 NCLAT Del 11553
NCLAT ruled that exclusion of a solitary invoice falling within the Section 10A suspension period does not bar initiation of Section 9 proceedings when remaining operational defaults arose outside the prohibited period.
2 days ago1 min read
Section 10A Bar Does Not Defeat Section 9 Proceedings When Pre-Suspension Defaults Independently Cross IBC Threshold: NCLAT
NCLAT ruled that exclusion of a solitary invoice falling within the Section 10A suspension period does not bar initiation of Section 9 proceedings when remaining operational defaults arose outside the prohibited period.
2 days ago3 min read
Viney Kumar Sharma v. Improvement Trust and Another, REEDLAW 2026 SC 01006
The Supreme Court held that non-disclosure of litigation by a state authority during a public auction vitiates the sale and mandated refund of the deposited amount with 9% interest, affirming transparency and restitution principles.
5 days ago1 min read
Failure to Disclose All Known Encumbrances in Public Auction Vitiates Sale and Entitles Purchaser to Refund with Interest
The Supreme Court held that non-disclosure of litigation by a state authority during a public auction vitiates the sale and mandated refund of the deposited amount with 9% interest, affirming transparency and restitution principles.
7 days ago4 min read
ED Attaches ₹1,885 Crore in Assets Linked to Anil Ambani Group in Ongoing Bank Fraud Probe
The Enforcement Directorate provisionally attached ₹1,885 crore in assets linked to Reliance Anil Ambani Group entities in ongoing bank fraud and fund diversion investigations, taking cumulative attachments close to ₹12,000 crore.
Jan 302 min read
Promoter’s Undertaking to Infuse Funds Is Not a Guarantee under Section 126 Contract Act — Section 7 Application Rejected
The Supreme Court ruled that a promoter’s undertaking to infuse funds is not a guarantee under Section 126 of the Contract Act and cannot sustain a Section 7 IBC application without an express promise to discharge the debtor’s liability.
Jan 125 min read
Mukund Maheswar and Another v. Axis Bank Limited and Others, REEDLAW 2026 SC 01254
The Supreme Court ruled that allegations of fraud in SARFAESI possession proceedings require judicial examination and cannot be rejected at the threshold on procedural objections.
3 days ago1 min read
Authorized Officer, IDBI Bank Limited v. Sunita Devi and Others, REEDLAW 2026 DRAT Ald 01259
The DRAT Allahabad reaffirmed that borrower intention governs mortgage validity, holding that forged title deeds do not defeat a secured creditor’s first charge or SARFAESI enforcement rights.
4 days ago1 min read
Validity of Mortgage Depends on Borrower’s Intention; Subsequent Sale Cannot Defeat Secured Creditor’s First Charge under SARFAESI Act
The DRAT Allahabad reaffirmed that borrower intention governs mortgage validity, holding that forged title deeds do not defeat a secured creditor’s first charge or SARFAESI enforcement rights.
4 days ago3 min read
Viney Kumar Sharma v. Improvement Trust and Another, REEDLAW 2026 SC 01006
The Supreme Court held that non-disclosure of litigation by a state authority during a public auction vitiates the sale and mandated refund of the deposited amount with 9% interest, affirming transparency and restitution principles.
5 days ago1 min read
EAS Sarma v. Union of India and Others, REEDLAW 2026 SC 01590
The Supreme Court expressed grave concern over the misuse of the Insolvency and Bankruptcy Code through systematic asset undervaluation and pre-planned resolution processes, warning against insolvency becoming a shield for legitimising financial fraud.
1 day ago1 min read
Misuse of IBC Through Asset Undervaluation and Pre-Planned Auctions: Supreme Court Flags Systemic Abuse and Bank Collusion
The Supreme Court expressed grave concern over the misuse of the Insolvency and Bankruptcy Code through systematic asset undervaluation and pre-planned resolution processes, warning against insolvency becoming a shield for legitimising financial fraud.
1 day ago4 min read
Redpro Construction Private Limited v. Skyline Infratech Private Limited, REEDLAW 2025 NCLAT Del 11553
NCLAT ruled that exclusion of a solitary invoice falling within the Section 10A suspension period does not bar initiation of Section 9 proceedings when remaining operational defaults arose outside the prohibited period.
2 days ago1 min read
Section 10A Bar Does Not Defeat Section 9 Proceedings When Pre-Suspension Defaults Independently Cross IBC Threshold: NCLAT
NCLAT ruled that exclusion of a solitary invoice falling within the Section 10A suspension period does not bar initiation of Section 9 proceedings when remaining operational defaults arose outside the prohibited period.
2 days ago3 min read
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