NCLAT ruled that Section 9 IBC applications cannot be maintained for defaults during the Section 10A suspension period and that Adjudicating Authorities lack power to modify default dates without a formal amendment by the applicant.

NCLAT ruled that the Adjudicating Authority cannot replace a Resolution Professional as liquidator without a specific IBBI recommendation, and a general advisory letter cannot serve as valid grounds for such action.

NCLAT ruled that EPFO’s delayed provident fund claim, initiated during the IBC moratorium without a valid Section 7A order, was unenforceable and refused to allow modification of the approved resolution plan to include such claims.

Delhi High Court ruled that an Insolvency Professional breaching IBC norms through excess fees, unapproved outsourcing, and delayed filings faces disciplinary suspension and recovery of improper payments.

NCLAT Chennai ruled that under Section 33(2) of the IBC, the Committee of Creditors’ decision to liquidate is conclusive and beyond judicial review after liquidation and creation of third-party rights.

NCLAT ruled that acknowledgment of debt in a company’s balance sheet extends limitation for Section 7 IBC proceedings, even without a formal loan agreement.

The Supreme Court ruled that speculative homebuyers with buyback or assured return agreements cannot invoke Section 7 of the IBC, affirming that only genuine allottees qualify to initiate insolvency proceedings.

The NCLAT Chennai Bench held that the Resolution Professional’s report under Section 99 of the IBC is recommendatory, and personal guarantors’ hearing rights apply only at Section 100 adjudication, validating proceedings without a Section 99 hearing.

The Calcutta High Court clarified that the IBC moratorium bars asset seizure under FEMA during CIRP and post-liquidation, except against personally liable directors or officers.

The NCLAT clarified that once a Resolution Plan is approved by the CoC, disputed or unverified homebuyer claims cannot obstruct its implementation, reaffirming the IBC framework.