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Redpro Construction Private Limited v. Skyline Infratech Private Limited, REEDLAW 2025 NCLAT Del 11553
NCLAT ruled that exclusion of a solitary invoice falling within the Section 10A suspension period does not bar initiation of Section 9 proceedings when remaining operational defaults arose outside the prohibited period.
Feb 41 min read
Section 10A Bar Does Not Defeat Section 9 Proceedings When Pre-Suspension Defaults Independently Cross IBC Threshold: NCLAT
NCLAT ruled that exclusion of a solitary invoice falling within the Section 10A suspension period does not bar initiation of Section 9 proceedings when remaining operational defaults arose outside the prohibited period.
Feb 43 min read
Anitha Rayapati and Others v. Arcelor Mittal Nippon Steel India Private Limited and Others, REEDLAW 2026 SC 01544
The Supreme Court held that transfer of insolvency proceedings cannot be granted merely on allegations against tribunal members, reaffirming institutional independence and limits on supervisory interference.
Feb 41 min read
Transfer of NCLT Proceedings Cannot Be Sought on Alleged Adverse Observations by Tribunal Members: Supreme Court
The Supreme Court held that insolvency proceedings cannot be transferred merely on speculative allegations against tribunal members, reaffirming judicial discipline and institutional independence.
Feb 43 min read
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.
Feb 31 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.
Feb 31 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.
Feb 33 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.
Feb 33 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.
Feb 31 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.
Feb 34 min read
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