NCLAT ruled that a Section 9 IBC petition can be revived if a settlement agreement explicitly provides for restoration in the event of default.

NCLAT held that petitions alleging fraudulent CIRP under Section 65 cannot be dismissed for lack of locus and must be evaluated on merits by the Adjudicating Authority.

NCLAT ruled that late EoIs cannot be entertained once CoC opts for liquidation, reaffirming that such decisions fall under the commercial wisdom of the CoC.

Allahabad High Court ruled that each SARFAESI enforcement step extends limitation by creating a fresh cause of action, with the period computed from the last impugned measure, not the initial notice.

NCLAT held that statutory notices sent to the last known address are presumed valid under Section 27 and affirmed the permissibility of simultaneous insolvency proceedings against corporate debtors and their personal guarantors.and affirmed the permissibility of simultaneous insolvency proceedings against corporate debtors and their personal guarantors.