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NCLAT Quashes CIRP: Pre-Existing Disputes Override Section 9 IBC Admission Against the Corporate Debtor
NCLAT quashed the initiation of CIRP against the Corporate Debtor, holding that pre-existing disputes barred the admission of a Section 9...
Jun 13 min read
Financial Creditor’s Control No Shield for Default: NCLAT Affirms CIRP Against Shree Vardhman Infraheights Despite PMC Oversight
NCLAT held that the financial creditor’s involvement and control through the Project Monitoring Committee (PMC) did not shield the...
Jun 13 min read
IBC Trigger Upheld Despite No Dues Certificate: NCLAT Affirms Balance Sheet Acknowledgement as Valid Debt Admission
NCLAT upheld the initiation of the Corporate Insolvency Resolution Process under the IBC despite the existence of a No Dues Certificate,...
May 313 min read
IBBI Notifies Fourth Amendment to CIRP Regulations, 2025: Enhancing Creditor Rights and Procedural Clarity
IBBI’s Fourth Amendment to CIRP Regulations, 2025 boosts transparency, flexibility, and creditor protection in insolvency resolution. On...
May 302 min read
Homebuyers' Dominance in CoC Does Not Override Statutory CIRP Framework Under IBC
NCLAT held that homebuyers' dominance in the Committee of Creditors does not override the statutory Corporate Insolvency Resolution...
May 303 min read
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