top of page
Search
Leasehold Rights Transferred by Amalgamation Constitute Liquidation Estate Assets under IBC
The NCLAT held that leasehold rights vested in a Corporate Debtor constitute intangible assets forming part of the liquidation estate under the IBC and may be validly controlled and sold by the Liquidator despite ownership of land vesting with the lessor.
Feb 93 min read
Vinita Agarwala and Others v. Power Pack Steel Industries Private Limited, REEDLAW 2026 NCLAT Del 02502
The NCLAT held that violation of deposit provisions under the Companies Act does not render an interest-bearing loan unenforceable or bar insolvency proceedings under Section 7 of the IBC.
Feb 81 min read
Violation of Companies Act Deposit Provisions Cannot Defeat Section 7 IBC Proceedings Where Financial Debt Is Established
The NCLAT held that violation of deposit provisions under the Companies Act does not render an interest-bearing loan unenforceable or bar insolvency proceedings under Section 7 of the IBC.
Feb 83 min read
EAS Sarma v. Union of India and Others, REEDLAW 2026 SC 01590
The Supreme Court expressed grave concern over the misuse of the Insolvency and Bankruptcy Code through systematic asset undervaluation and pre-planned resolution processes, warning against insolvency becoming a shield for legitimising financial fraud.
Feb 51 min read
Misuse of IBC Through Asset Undervaluation and Pre-Planned Auctions: Supreme Court Flags Systemic Abuse and Bank Collusion
The Supreme Court expressed grave concern over the misuse of the Insolvency and Bankruptcy Code through systematic asset undervaluation and pre-planned resolution processes, warning against insolvency becoming a shield for legitimising financial fraud.
Feb 54 min read
bottom of page