The Supreme Court held that verified and admitted homebuyer claims in a CIRP cannot be downgraded as belated claims for mere refunds. Once recognised under the Resolution Plan approved by the CoC and confirmed under Section 31, such homebuyers are entitled to possession and conveyance of their units in accordance with the binding plan.

The Appellate Tribunal reiterated that service of a Section 95(4)(b) demand notice is a mandatory statutory precondition for initiating insolvency against personal guarantors; however, once receipt and knowledge are admitted, technical service objections cannot defeat the proceedings.

Once a resolution plan is approved under Section 31 IBC, all earlier statutory dues, including government tax claims, stand extinguished and cannot be enforced post-approval.

NCLAT held that once CoC is constituted, CIRP withdrawal must comply with Section 12A read with Regulation 30A(1)(b), requiring 90% CoC approval—pre-CoC settlements cannot override this requirement.

Kerala High Court held that writ petitions under Article 226 are not maintainable in SARFAESI matters where an effective remedy before the DRT exists under Section 17.