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Supreme Court: Developer Not Liable for Home Loan Interest Due to Delay in Flat Delivery, Absent Exceptional Circumstances
The Supreme Court held that a developer is not liable to reimburse the interest paid by a homebuyer on a home loan due to a delay in flat...
Jun 13, 20253 min read


Suspension of Insolvency Professional’s AFA Doesn’t Affect Ongoing Assignments: Delhi High Court
Delhi High Court held that the suspension of an Insolvency Professional’s Authorisation for Assignment (AFA) does not affect ongoing...
Jun 12, 20252 min read


Pre-Existing Dispute over Legal Fees Bars CIRP: NCLAT Affirms Dismissal of Section 9 Petition by Senior Advocate for Non-Payment of Professional Services
NCLAT held that the existence of a pre-existing dispute precluded the initiation of CIRP and accordingly upheld the dismissal of the...
Jun 12, 20253 min read


NCLAT Chennai Dismisses Byju’s Appeal Against NCLT’s Interim Order in Aakash Shareholding Dispute
The National Company Law Appellate Tribunal (NCLAT), Chennai, dismissed Byju’s appeal challenging the interim order passed by the NCLT in...
Jun 11, 20253 min read


NCLAT Sets Aside Adverse Observations Against Resolution Professional Misattributed from CoC Member’s Submissions
The NCLAT set aside the adverse observations made against the Resolution Professional, holding that they were incorrectly based on...
Jun 10, 20253 min read


NCLAT Sets Aside NCLT Order and Restores Section 95 IBC Application Applying Supreme Court’s COVID-19 Limitation Exclusion
The NCLAT set aside the NCLT order and restored the Section 95 IBC application by applying the Supreme Court’s COVID-19 limitation...
Jun 9, 20252 min read


Supreme Court Affirms Compliance of Resolution Plan with IBC – Declines Interference in Approved Judgment
The Supreme Court affirmed that the approved resolution plan was in compliance with the provisions of the Insolvency and Bankruptcy Code,...
Jun 9, 20252 min read


NCLAT Sets Aside NCLT Order, Grants 90-Day Extension for CIRP Completion Citing Changed Circumstances and CoC Reconstitution
The National Company Law Appellate Tribunal (NCLAT) set aside the NCLT’s order and granted a 90-day extension for completion of the...
Jun 9, 20253 min read


NCLAT Holds Adjudicating Authority Lacks Jurisdiction Over Customs Liability Disputes Under IBC Framework
The NCLAT held that the Adjudicating Authority lacks jurisdiction to adjudicate customs liability disputes under the framework of the...
Jun 9, 20252 min read


NCLAT Rules Interest-Free Maintenance Security (IFMS) Not a Financial Debt: Rejects Section 7 IBC Plea
The NCLAT ruled that Interest-Free Maintenance Security (IFMS) is not a financial debt and rejected the Section 7 plea under the IBC. The...
Jun 8, 20253 min read
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