The Kerala High Court stayed a liquidation auction after holding that valuation of plant and machinery by an ineligible valuer was prima facie unsustainable under the valuation rules.

The NCLAT held that a belatedly filed homebuyer claim cannot be ignored where the allotment and payments are reflected in the Corporate Debtor’s records, and such liabilities must be considered through an addendum to the resolution plan prior to its approval.

The High Court permitted a one-time ex-gratia welfare payment to Company Paid Staff of the Official Liquidator from surplus Common Pool Funds, holding that such equitable relief was permissible where no creditor interest was prejudiced and no precedent was created.

Continuous default beyond ninety days justifies NPA classification, and borrower’s express consent to auction operates as waiver, barring subsequent SARFAESI challenges.

CIRP claims earlier rejected as time-barred cannot be reopened on remand, as limitation finality and strict IBC timelines prevail; prospective Regulation 13(1B) amendments do not create new rights.