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State Bank of India v. Venugopal Dhoot, REEDLAW 2026 NCLAT Del 05540
NCLAT held that assets of subsidiary companies, including foreign assets, cannot be included in the CIRP of the holding company and upheld CoC commercial wisdom regarding implementability of the resolution plan.
May 221 min read
NCLAT Holds Subsidiary and Foreign Assets Cannot Form Part of Holding Company CIRP under IBC
NCLAT held that assets of subsidiary companies, including foreign assets, cannot be included in the CIRP of the holding company and upheld CoC commercial wisdom regarding implementability of the resolution plan.
May 223 min read
Dharamveer Singh Magan Singh Shekhawat and Others v. Dharmendra Dhelariya and Others, REEDLAW 2026 NCLAT Del 05524
NCLAT held that only transactions meeting all statutory ingredients under Section 43, including antecedent debt and creditor benefit, qualify as preferential transactions.
May 141 min read
Preferential Transaction under Section 43 Requires Antecedent Debt and Creditor Benefit: NCLAT Partly Sets Aside Avoidance Order
NCLAT held that only transactions meeting all statutory ingredients under Section 43, including antecedent debt and creditor benefit, qualify as preferential transactions.
May 143 min read
One City Infrastructure Private Limited and Another v. Anil Matta, REEDLAW 2026 NCLAT Del 05520
NCLAT holds that appeals against split opinions of NCLT members are not maintainable while the matter is pending before a Third Member for final adjudication.
May 141 min read
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