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High Court Rules Interim Moratorium Under IBC Inapplicable to Guarantors of Sole Proprietorship Firms
The High Court ruled that the interim moratorium under the Insolvency and Bankruptcy Code (IBC) is inapplicable to guarantors of sole...
Jul 1, 20253 min read


CoC Barred from Recalling Resolution Plan Once Submitted for Approval Under IBC Framework
NCLAT held that the Committee of Creditors (CoC) is barred from recalling or remitting a resolution plan once it has been submitted to...
Jul 1, 20253 min read


Bombay High Court: MSME Director Lacks Locus to Challenge Recovery; SARFAESI and IBC Actions Stand Despite Revival Framework Claims
The Bombay High Court held that the director of an MSME lacks the legal locus to challenge recovery actions and upheld the proceedings...
Jun 28, 20253 min read


Binding Force of BIFR’s Rehabilitation Scheme Prevails Over EPFO’s Discretion in Waiver of Damages under Section 14B
The CGITLC held that the binding force of the BIFR’s rehabilitation scheme prevails over the EPFO’s discretion in waiving damages under...
Jun 27, 20253 min read


Balance Sheet Acknowledgment Must Be Dated from Signing, Not Filing: NCLAT Upholds Time-Barred Dismissal of Section 7 Application
NCLAT held that acknowledgement of debt in a balance sheet triggers a fresh limitation period from the date of signing, not from the date...
Jun 27, 20253 min read


NCLAT Sets Aside Section 9 Admission Due to Pre-Existing Dispute Under Facility Agreement: Upholds Mobilox Principle
The NCLAT set aside the admission of a Section 9 application under the IBC, holding that the existence of a pre-existing dispute under...
Jun 25, 20253 min read


Acknowledged Debt under Fresh Loan by ARC Held Enforceable: NCLAT Upholds Section 7 Admission Despite Limitation and Procedural Challenge
The NCLAT upheld the admission of a Section 7 application, holding that the acknowledged debt under a fresh loan granted by an Asset...
Jun 24, 20254 min read


IBC Progresses Amid Persistent Pain Points: Elevated Haircuts, Delayed Resolutions Undermine Systemic Gains
Despite improved recoveries and increased deterrence effect, the ICRA report flags persistent challenges under the IBC framework,...
Jun 18, 20252 min read


NCLAT Upholds Reversal of Preferential Transactions Made by Suspended Directors During CIRP Look-Back Period
The NCLAT upheld the reversal of preferential transactions made by the suspended directors during the CIRP look-back period. The National...
Jun 18, 20253 min read


Belated Claims Post-Resolution Plan Approval Not Maintainable: NCLAT Reiterates Finality of CIRP Under IBC
NCLAT held that belated claims filed after the approval of the resolution plan are not maintainable, reiterating the finality of the...
Jun 16, 20253 min read
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