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Judicial Interference in CoC-Approved Resolution Plan Due to Procedural Irregularities and Non-Disclosure of Avoidance Transactions
NCLAT held that CoC-approved resolution plans may be rejected where CIRP lacks transparency and violates statutory provisions, particularly regarding avoidance transactions.
Apr 293 min read
Om Sakthi Sekar v. V. Sukumar and Others, REEDLAW 2026 SC 03201
Supreme Court holds confirmed auction sales can still be reviewed on valuation grounds to ensure fair price realization in recovery proceedings.
Apr 81 min read
Whether Confirmed Auction Sales Can Be Reopened on Valuation Grounds: Supreme Court Upholds Limited Judicial Scrutiny
Supreme Court holds confirmed auction sales can still be reviewed on valuation grounds to ensure fair price realization in recovery proceedings.
Apr 33 min read
Uday J. Desai v. Bank of India and Another, REEDLAW 2026 NCLAT Del 02639
NCLAT reiterates that once debt and default are established, Section 7 admission is mandatory and viability or RBI framework objections cannot defeat CIRP initiation.
Mar 21 min read
Section 7 IBC – RBI Framework or Prior Dismissal No Bar to Admission | NCLAT
NCLAT reiterates that once debt and default are established, Section 7 admission is mandatory and viability or RBI framework objections cannot defeat CIRP initiation.
Mar 23 min read
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