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NCLAT Dismisses Malicious Section 7 Petition by Related Party; No Financial Debt Established Under IBC
The NCLAT dismissed the malicious Section 7 petition filed by a related party, holding that no financial debt was established under the...
Jul 29, 20254 min read


Lease Termination During CIRP Moratorium Illegal; NCLAT Quashes GIDC Action and Restores Resolution Process
NCLAT held that the lease termination during the CIRP moratorium was illegal, quashed the action taken by GIDC, and restored the...
Jul 26, 20254 min read


NCLAT Refuses Homebuyer Recognition to Allottee Who Cancelled Flat; Orders ₹17 Lakh Refund from Resolution Plan Reserve
The National Company Law Appellate Tribunal (NCLAT) refused to recognise the Appellant as a homebuyer on the ground that he had...
Jul 26, 20253 min read


IBC Overrides Decree Claim: Bombay High Court Orders Unconditional Release of Bank Guarantees
The Bombay High Court held that the Insolvency and Bankruptcy Code (IBC) overrides a decree-holder's claim not forming part of an...
Jul 25, 20253 min read


NCLAT Sets Aside NCLT’s Rejection, Affirms Rectification under Rule 154 Maintainable Within Two Years of Final Order
The NCLAT set aside the NCLT’s rejection and affirmed that a rectification application under Rule 154 of the NCLT Rules, 2016, is...
Jul 25, 20253 min read


Pre-existing Dispute Due to Contract Termination Bars CIRP Initiation under Section 9 of IBC, Rules NCLAT
The NCLAT ruled that the initiation of CIRP under Section 9 of the IBC was barred due to a pre-existing dispute arising from the...
Jul 24, 20253 min read


Allegations of Coercion Cannot Invalidate Withdrawal of CIRP Without Legal Proof, Rules NCLAT
NCLAT ruled that allegations of coercion cannot invalidate the withdrawal of CIRP under Section 12A of the IBC in the absence of legal...
Jul 23, 20253 min read


Pre-Existing Dispute over Special Quantity Discounts Bars Admission of Section 9 IBC Application
NCLAT held that the pre-existing dispute over special quantity discounts barred the admission of the Section 9 application under the...
Jul 23, 20253 min read


NCLAT: Mere Project Ownership Insufficient to Establish IBC Liability Without Privity of Contract
The NCLAT held that mere ownership of a project is insufficient to establish liability under the IBC in the absence of a privity of...
Jul 22, 20253 min read


Auction Cancellation Not Automatic on Payment Delay; NCLAT Upholds Liquidator’s Discretion in IBC Framework
The NCLAT held that auction cancellation is not automatic upon delay in payment of the balance consideration and upheld the liquidator’s...
Jul 21, 20253 min read
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