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Catalyst Trusteeship Limited v. Ecstasy Realty Private Limited, REEDLAW 2026 SC 02629
The Supreme Court held that pending or informal restructuring negotiations do not prevent admission of a Section 7 IBC application when financial debt and default are established in accordance with the Debenture Trust Deed.
2 days ago1 min read
Section 7 IBC Cannot Be Defeated by Pending or Informal Restructuring Absent Written Amendment of Debenture Trust Deed
The Supreme Court held that pending or informal restructuring negotiations do not prevent admission of a Section 7 IBC application when financial debt and default are established in accordance with the Debenture Trust Deed.
3 days ago3 min read
Power Trust v. Bhuvan Madan, Interim Resolution Professional of Hiranmaye Energy Ltd and Others, REEDLAW 2026 SC 02571
The Supreme Court reaffirmed that admission of a Section 7 insolvency application is mandatory once financial debt and default are established, and courts cannot examine the Corporate Debtor’s viability or settlement proposals rejected by the Committee of Creditors.
Feb 201 min read
Section 7 IBC Admission Mandatory Upon Default – Corporate Debtor’s Viability Irrelevant | Supreme Court
The Supreme Court reaffirmed that admission of a Section 7 insolvency application is mandatory once financial debt and default are established, and courts cannot examine the Corporate Debtor’s viability or settlement proposals rejected by the Committee of Creditors.
Feb 194 min read
B. Nirmal Kumar v. LIC HFL Trustee Company Private Limited and Others, REEDLAW 2025 NCLAT Chn 11532
Once default of the Corporate Debtor is finally adjudicated under Section 7 IBC, personal guarantors cannot reopen the issue to resist proceedings under Section 95 of the Code.
Feb 181 min read
Section 95 IBC Proceedings Against Personal Guarantors Valid Once Corporate Debtor Default Is Finalised
Once default of the Corporate Debtor is finally adjudicated under Section 7 IBC, personal guarantors cannot reopen the issue to resist proceedings under Section 95 of the Code.
Feb 173 min read
Pradeep Upadhyay Liquidator v. Bhadohi Industrial Development Authority (BIDA), REEDLAW 2025 NCLAT Del 11513
Termination of contracts grounded in pre-CIRP breaches and performance deficiencies is not protected by the moratorium under Section 14 IBC and falls outside NCLT’s residuary jurisdiction.
Feb 161 min read
Contract Termination for Pre-CIRP Breaches Not Barred by Section 14 Moratorium | NCLAT
Termination of contracts grounded in pre-CIRP breaches and performance deficiencies is not protected by the moratorium under Section 14 IBC and falls outside NCLT’s residuary jurisdiction.
Feb 163 min read
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.
Feb 131 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.
Feb 133 min read
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