The Delhi High Court clarified that Article 226 cannot be used to re-evaluate evidence in disciplinary matters and upheld strict standards of accountability for Insolvency Professionals.

The Supreme Court reaffirmed that admission of a Section 7 application is mandatory once debt and default are proved, restricting the Vidarbha discretion strictly to exceptional circumstances and restoring certainty to IBC jurisprudence.

The NCLAT held that once a Resolution Plan is approved, its terms attain finality and no creditor, including a dissenting secured creditor, can seek belated modification of its distribution.

The Supreme Court ruled that a promoter’s undertaking to infuse funds is not a guarantee under Section 126 of the Contract Act and cannot sustain a Section 7 IBC application without an express promise to discharge the debtor’s liability.

The NCLAT held that a Section 9 application could not be dismissed under Section 10A where post-exclusion operational debt independently met the IBC threshold, requiring adjudication on merits.

NCLAT ruled that the Adjudicating Authority cannot insert new or unapproved terms while approving a resolution plan, holding that unauthorised equity restructuring violates the jurisdictional limits under the IBC.

NCLT New Delhi dismissed a Section 9 petition, holding that a security amount provided for performance under a commercial agreement is not operational debt and Section 9 petitions are maintainable only if debt meets operational and statutory threshold criteria.

Post-CIRP transfer of a Corporate Debtor’s vehicle through registration change based on a sham pre-CIRP agreement was held void ab initio, with the NCLT reiterating the absolute bar imposed by Section 14(1)(b) of the IBC and warning of penal consequences for suspended directors.

NCLAT confirmed that principal borrower’s acknowledgment extends limitation for Section 7 proceedings against corporate guarantors, overriding prior limitation bar and COVID-19 exclusion.

A redevelopment agreement terminated before CIRP does not survive as an asset of the corporate debtor, and Section 14 moratorium cannot be used to revive extinguished contractual rights or block statutory redevelopment approvals.