NCLAT held that delay in implementing an approved resolution plan justifies PBG encashment and CIRP revival, reinforcing timely compliance as a core IBC mandate.

NCLAT held that a Section 7 IBC petition is invalid if based on a loan assignment that breaches RBI guidelines, rendering the financial debt claim unenforceable.

NCLAT held that after CIRP begins, withdrawal under Section 12A cannot rely on a settlement with a single creditor if other admitted claims exist, emphasising CoC’s supremacy.

NCLAT ruled that a Section 9 IBC petition is inadmissible if the default falls during the Section 10A bar period and recalculated claims fall below ₹1 crore; continuing CIRP after settlement is misuse.

Allahabad High Court upheld YEIDA’s statutory power to cancel land allotment, ruling that Section 14 of the U.P. Industrial Area Development Act overrides executed lease deeds and partial payment claims.