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Foreign Travel in Bankruptcy Denied After Contract Expiry: NCLAT Clarifies Infructuous Relief Principle
NCLAT held that foreign travel permission in bankruptcy proceedings cannot be granted once the underlying contract expires and the relief becomes infructuous.
17 hours ago2 min read
Anjani Technoplast Limited v. Shubh Gautam, REEDLAW 2026 SC 04617
Supreme Court holds IBC cannot be used as a recovery tool to enforce decrees where the corporate debtor is solvent and the debt remains disputed.
Apr 301 min read
IBC Cannot Be Used as a Decree Execution Mechanism in the Presence of Disputed Debt and a Solvent Company
Supreme Court holds IBC cannot be used as a recovery tool to enforce decrees where the corporate debtor is solvent and the debt remains disputed.
Apr 303 min read
Relcon Infraprojects Limited v. Pravin R. Navandar, REEDLAW 2026 NCLAT Del 04610
NCLAT held that operational creditors cannot challenge valuation or claim issues after resolution plan approval if not contested during CIRP.
Apr 301 min read
Post-Approval Challenge to Valuation and Interest Claims Barred When Not Contested During CIRP
NCLAT held that operational creditors cannot challenge valuation or claim issues after resolution plan approval if not contested during CIRP.
Apr 302 min read
Sandeep Lucky, SRA v. Rajeev Lochan, RP and Others, REEDLAW 2026 NCLAT Del 04599
NCLAT held that CoC-approved resolution plans may be rejected where CIRP lacks transparency and violates statutory provisions, particularly regarding avoidance transactions.
Apr 301 min read
Judicial Interference in CoC-Approved Resolution Plan Due to Procedural Irregularities and Non-Disclosure of Avoidance Transactions
NCLAT held that CoC-approved resolution plans may be rejected where CIRP lacks transparency and violates statutory provisions, particularly regarding avoidance transactions.
Apr 293 min read
Om Sakthi Sekar v. V. Sukumar and Others, REEDLAW 2026 SC 03201
Supreme Court holds confirmed auction sales can still be reviewed on valuation grounds to ensure fair price realization in recovery proceedings.
Apr 81 min read
Whether Confirmed Auction Sales Can Be Reopened on Valuation Grounds: Supreme Court Upholds Limited Judicial Scrutiny
Supreme Court holds confirmed auction sales can still be reviewed on valuation grounds to ensure fair price realization in recovery proceedings.
Apr 33 min read
Uday J. Desai v. Bank of India and Another, REEDLAW 2026 NCLAT Del 02639
NCLAT reiterates that once debt and default are established, Section 7 admission is mandatory and viability or RBI framework objections cannot defeat CIRP initiation.
Mar 21 min read
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