DRAT Delhi issued a notice prescribing filing of a praecipe and affidavit confirming service for urgent hearing requests before DRAT Kolkata, ensuring procedural fairness and transparency.

NCLT Hyderabad held that Section 7 IBC petition is not maintainable against a SEBI-registered stock broker, as such entities qualify as Financial Service Providers excluded from IBC.

NCLAT held that legal consultancy fee claims in CIRP must be supported by credible proof beyond invoices or engagement letters, as unsupported claims cannot be admitted under IBC.

NCLAT held that an SRA under the IBC has only procedural liberty, and not an enforceable right, to seek renewal of expired leases, as the decision to grant renewal lies exclusively with the State Government.

Allahabad High Court held that tenancy created post-mortgage cannot defeat a bank’s rights under the SARFAESI Act, mandating delivery of possession to the secured creditor, with disputes triable only before the DRT.