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Advisory Role Not Ground for Section 29A Disqualification, Says NCLAT; Sets Aside Rejection of Resolution Plan
NCLAT clarified that a resolution applicant cannot be disqualified under Section 29A of the IBC solely due to an advisory association with an allegedly ineligible person, especially in the absence of any concrete disqualification or NPA record.
Aug 6, 20253 min read
Director Lacks Locus Post-Liquidation; MSME Framework Cannot Override SARFAESI and IBC: Bombay High Court
The Bombay High Court ruled that a director of a company under liquidation has no legal standing to challenge recovery actions, and clarified that MSME revival schemes cannot override statutory frameworks under SARFAESI and the IBC.
Aug 6, 20254 min read
Pre-Existing Disputes Bar Section 9 Admission When Debt is Contingent on Third-Party Reconciliation: NCLAT
NCLAT ruled that Section 9 IBC proceedings are barred when operational debt liability is disputed and tied to third-party certification or reconciliation.
Aug 5, 20253 min read
Admission of Section 95 IBC Application Against Personal Guarantors Upheld: NCLAT Clarifies RP’s Role on ECLGS Objections
NCLAT upheld the admission of a Section 95 IBC application against personal guarantors and clarified that objections related to ECLGS must be resolved by the Resolution Professional during the repayment plan formulation process.
Aug 4, 20253 min read
Supreme Court Upholds NCLAT Ruling: Invalid Share Transfers and Fabricated Resignations Amount to Oppression and Mismanagement
The Supreme Court held that fabricated resignations and questionable share transfers cannot oust rightful shareholders. Upholding NCLAT’s order, it ruled such acts constitute oppression and mismanagement, affirming the importance of continuous cause of action in such disputes.
Aug 3, 20253 min read
Extension of Time for Section 230 Scheme Not Barred by Law: NCLAT Holds Regulation 2B as Directory to Promote Revival Over Liquidation
NCLAT held that Regulation 2B’s 90-day limit under the Liquidation Regulations is directory, allowing extension of Section 230 schemes if revival is feasible and CoC-supported.
Aug 3, 20254 min read
NCLAT New Delhi: Resolution Plan Cannot Be Rejected for CIRP Cost Structuring if Statutory Safeguards Are Ensured and CoC Approval Exists
REEDLAW Legal News Network | 2 August 2025 | Case Citation - REEDLAW 2025 NCLAT Del 07636 REEDLAW Legal News Network reports that...
Aug 2, 20253 min read
Ministry of Finance Invites Applications for Chairperson, DRAT Delhi: Eligibility, Tenure, and Selection Guidelines Notified
REEDLAW Legal News Network | 1 August 2025 | 🔗 Find Shareable Link at the End REEDLAW Legal News Network reports that the Ministry...
Aug 1, 20252 min read
Stamp Duty Not Payable on Auction Sale Certificate Merely Filed Under Section 89(4) of Registration Act, Holds Kerala High Court
REEDLAW Legal News Network | 1 August 2025 | Case Citation - REEDLAW 2025 Ker 07227 REEDLAW Legal News Network reports that the...
Aug 1, 20253 min read
Creditor’s Name Not Essential in Balance Sheet for Valid Acknowledgement: Supreme Court Upholds IL&FS IBC Plea as Within Limitation
REEDLAW Legal News Network | 1 August 2025 | Case Citation - REEDLAW 2025 SC 07632 REEDLAW Legal News Network reports that the...
Aug 1, 20254 min read
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