NCLAT upheld that pre-existing contractual disputes bar Section 9 IBC petitions; both debt and default must be undisputed to trigger CIRP.

NCLAT affirmed that personal guarantees covering existing credit facilities are enforceable even without fresh disbursement, and pending recovery proceedings do not bar Section 95 insolvency action under the IBC.

NCLAT held that Adjudicating Authorities can grant ex-post facto approval for criminal complaints filed by liquidators against ex-management if necessary to protect the corporate debtor’s assets and connected to prior authorized proceedings.

Bank of Baroda has classified the loan accounts of Reliance Communications and Anil Ambani as fraudulent, citing forensic audit findings of irregularities and suspected fund diversion amid ongoing IBC proceedings and regulatory scrutiny.

Supreme Court affirms that NCLT can examine fraud and gift deed validity in oppression and mismanagement cases, overturning NCLAT’s restrictive interpretation.

NCLAT clarified that a non-obstante clause in a corporate guarantee capping liability does not bar the guarantor from paying default interest beyond the capped amount, reinforcing contractual obligations.

NCLAT ruled that refund of security deposit does not extend limitation under Section 19 of the Limitation Act; therefore, the Section 9 IBC application was time-barred.

The Supreme Court Collegium, on 1 September 2025, recommended the appointment of 26 individuals as judges of the Allahabad High Court, including four women and a balanced representation from the Bar and judiciary.

In a judgment pronounced today, the Supreme Court ruled that revisional courts cannot recall summoning orders in Section 138 NI Act cases and clarified that SICA protection cannot shield against cheque dishonour prosecutions.

In an order passed today, NCLAT New Delhi ruled that repeated Section 94 IBC petitions after prior dismissal amount to misuse of the insolvency process and cannot stall SARFAESI recovery or invoke moratorium.