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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


NCLAT Rules Promoters Not Liable Under Section 65 IBC Without Direct Role in Fraudulent Initiation of CIRP
The NCLAT ruled that promoters cannot be held liable under Section 65 of the IBC unless they had a direct role in the fraudulent...
Jun 16, 20253 min read


NCLAT Denies Post-Argument Filing of Reply; Upholds Finality of Tribunal Proceedings
The NCLAT denied the filing of a reply after conclusion of arguments and upheld the finality of proceedings before the Tribunal. On 2...
Jun 15, 20253 min read


NCLAT Dismisses Time-Barred Appeal Under IBC Section 61 as per Supreme Court Verdict on Non-Extendable Limitation
The NCLAT dismissed a time-barred appeal filed under Section 61 of the Insolvency and Bankruptcy Code, holding that the limitation period...
Jun 14, 20253 min read


NCLAT Grants Conditional Relief from CIRP Based on Undertaking to Settle Debt Within One Month
The NCLAT granted conditional relief from the Corporate Insolvency Resolution Process (CIRP) to the appellant, based on an undertaking to...
Jun 14, 20253 min read


NCLAT Rejects Conditional Withdrawal of Appeal Citing Finality of Supreme Court-Confirmed Property Sale
The NCLAT rejected the conditional withdrawal of the appeal, citing the finality of the property sale as confirmed by the Supreme Court....
Jun 13, 20253 min read
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