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Amit Kumar Kejriwal v. UCO Bank and Another, REEDLAW 2026 NCLAT Del 02546
The NCLAT held that a Form B demand notice cannot substitute invocation of a personal guarantee and that proceedings under Section 95 IBC against a personal guarantor are not maintainable without prior contractual invocation.
1 day ago1 min read
Personal Insolvency Proceedings Under Section 95 IBC Require Prior Invocation of Guarantee: NCLAT
The NCLAT held that a Form B demand notice cannot substitute invocation of a personal guarantee and that proceedings under Section 95 IBC against a personal guarantor are not maintainable without prior contractual invocation.
1 day ago3 min read
Harish Kumar Mittal v. State Bank of India and Another, REEDLAW 2026 NCLAT Del 02529
The NCLAT, New Delhi ruled that admission of personal insolvency proceedings under the IBC without considering a reply on record and submissions advanced violates principles of natural justice and cannot be sustained in law.
3 days ago1 min read
Admission of Personal Insolvency Proceedings Without Considering Reply Violates Principles of Natural Justice: NCLAT
The NCLAT, New Delhi ruled that admission of personal insolvency proceedings under the IBC without considering a reply on record and submissions advanced violates principles of natural justice and cannot be sustained in law.
3 days ago2 min read
RR Securities and Finance Private Limited v. Rishabh Chand Lodha, REEDLAW 2026 NCLAT Del 02520
The NCLAT, New Delhi clarified that insolvency proceedings cannot be invoked to enforce contingent or inchoate rights arising from unregistered redevelopment agreements, defective guarantees, or assignments lacking crystallised obligations.
3 days ago1 min read
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