In a judgment pronounced today, the Supreme Court ruled that revisional courts cannot recall summoning orders in Section 138 NI Act cases and clarified that SICA protection cannot shield against cheque dishonour prosecutions.

In an order passed today, NCLAT New Delhi ruled that repeated Section 94 IBC petitions after prior dismissal amount to misuse of the insolvency process and cannot stall SARFAESI recovery or invoke moratorium.

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.