NCLAT New Delhi held that a defective affidavit under Section 7 IBC does not invalidate the petition and must be allowed to be rectified before rejection.

NCLAT Delhi held that a successful bidder in liquidation is entitled only to operational reliefs; excessive statutory, tax, or regulatory claims cannot be granted merely by acquisition.

Bombay High Court ruled that IBC resolution plans cannot limit SRA’s statutory powers under the Slum Act, affirming the authority to replace defaulting developers.

Bombay High Court held that assignment of stressed loans to operational creditors is unlawful under RBI norms and that CPC compromises cannot validate agreements prohibited by law.

MP High Court ruled that Section 94 IBC cannot be invoked by personal guarantors of sole proprietorship or partnership firms, validating SARFAESI recovery proceedings.