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IFCI Limited v. Raju Palanikunnathil Kesavan, RP and Another, REEDLAW 2025 NCLAT Del 11517
The NCLAT held that a resolution plan approved without complete disclosure and valuation of all assets, including development rights and third-party secured interests, suffers from material irregularity in the conduct of the CIRP and cannot be sustained merely on the basis of Committee of Creditors’ approval.
6 days ago1 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.
6 days ago1 min read
Non-Disclosure and Non-Valuation of Assets Vitiate CIRP Despite CoC Approval: NCLAT
The NCLAT held that a resolution plan approved without complete disclosure and valuation of all assets, including development rights and third-party secured interests, suffers from material irregularity in the conduct of the CIRP and cannot be sustained merely on the basis of Committee of Creditors’ approval.
6 days ago3 min read
IBC Reforms Losing Momentum as NCLT Backlog Mounts to 30,600 Cases, Economic Survey 2025–26 Warns
The Economic Survey 2025–26 flags serious concerns over delays at the NCLT, warning that mounting insolvency backlogs are diluting the effectiveness of the Insolvency and Bankruptcy Code.
6 days ago3 min read
Satinder Singh Bhasin v. Col. Gautam Mullick and Others, REEDLAW 2026 SC 01582
The Supreme Court clarified that a joint Section 7 application by real estate allottees is maintainable when the statutory threshold is satisfied at the time of valid filing and default is established due to non-delivery of lawful possession.
6 days ago1 min read
Joint Insolvency under Section 7 IBC Maintainable for Integrated Real Estate Projects; Threshold Tested on Date of Filing
The Supreme Court clarified that a joint Section 7 application by real estate allottees is maintainable when the statutory threshold is satisfied at the time of valid filing and default is established due to non-delivery of lawful possession.
6 days ago4 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.
7 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.
7 days ago3 min read
Angle Infrastructure Private Limited v. Directorate of Enforcement, REEDLAW 2025 Del 11579
The Delhi High Court restrained coercive attachment action by the Enforcement Directorate during CIRP without court permission, holding that such action may undermine the insolvency resolution process.
7 days ago1 min read
ED Attachment During CIRP Requires Court Leave Where Action May Jeopardise Resolution Process
The Delhi High Court restrained coercive attachment action by the Enforcement Directorate during CIRP without court permission, holding that such action may undermine the insolvency resolution process.
7 days ago3 min read
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