NCLAT set aside the admission of a Section 9 petition after finding that the Adjudicating Authority failed to consider a clear pre-existing dispute evidenced in the Section 8 reply and related emails.

NCLAT held that delay in submitting an EoI, when duly condoned without altering eligibility norms, does not constitute a material irregularity and restored the CoC-approved resolution plan.

The Karnataka High Court held that liquidation cannot extinguish a workman’s vested entitlement to back wages crystallised under an award, and ordered release of the deposited amount with interest.

The Supreme Court held that affidavit defects in a Section 7 IBC filing are curable and cannot justify rejection unless the Adjudicating Authority first issues mandatory notice under Section 7(5)(b).

NCLT Kolkata held that breach of a settlement agreement cannot revive an extinguished operational debt and therefore cannot be used to trigger CIRP under Section 9 of the IBC.