The Supreme Court ruled that allegations of fraud in SARFAESI possession proceedings require judicial examination and cannot be rejected at the threshold on procedural objections.

The NCLAT held that a resolution plan approved without complete disclosure and valuation of all assets, including development rights and third-party secured interests, suffers from material irregularity in the conduct of the CIRP and cannot be sustained merely on the basis of Committee of Creditors’ approval.

The Economic Survey 2025–26 flags serious concerns over delays at the NCLT, warning that mounting insolvency backlogs are diluting the effectiveness of the Insolvency and Bankruptcy Code.

The Supreme Court clarified that a joint Section 7 application by real estate allottees is maintainable when the statutory threshold is satisfied at the time of valid filing and default is established due to non-delivery of lawful possession.

The Supreme Court clarified that a joint Section 7 application by real estate allottees is maintainable when the statutory threshold is satisfied at the time of valid filing and default is established due to non-delivery of lawful possession.