The Bombay High Court ruled that a director of a company under liquidation has no legal standing to challenge recovery actions, and clarified that MSME revival schemes cannot override statutory frameworks under SARFAESI and the IBC.

NCLAT ruled that Section 9 IBC proceedings are barred when operational debt liability is disputed and tied to third-party certification or reconciliation.

DRAT Kolkata clarified that a Securitisation Application cannot be wholly dismissed if timely challenges to SARFAESI sale notices exist, even if some notices are time-barred.

The Delhi High Court ruled that legal heirs of a deceased guarantor must mandatorily make the Section 21 pre-deposit under the RDB Act before appealing DRT recovery orders, even if they weren’t parties to the original case.

NCLAT upheld the admission of a Section 95 IBC application against personal guarantors and clarified that objections related to ECLGS must be resolved by the Resolution Professional during the repayment plan formulation process.