The NCLAT held that once a Resolution Plan is approved, its terms attain finality and no creditor, including a dissenting secured creditor, can seek belated modification of its distribution.

The DRAT held that an auction sale is liable to be set aside if the mandatory 15-day sale notice and the procedural requirements under Rules 8 and 9 of the SARFAESI Rules are not strictly complied with.

The Supreme Court ruled that a promoter’s undertaking to infuse funds is not a guarantee under Section 126 of the Contract Act and cannot sustain a Section 7 IBC application without an express promise to discharge the debtor’s liability.

The NCLAT held that a Section 9 application could not be dismissed under Section 10A where post-exclusion operational debt independently met the IBC threshold, requiring adjudication on merits.

NCLAT ruled that the Adjudicating Authority cannot insert new or unapproved terms while approving a resolution plan, holding that unauthorised equity restructuring violates the jurisdictional limits under the IBC.