The NCLAT, Chennai Bench, held that a consequential appeal under the IBC is not maintainable once the foundational challenge is withdrawn and the resolution plan stands approved with the appellant’s participation.

The Gujarat High Court held that the NCLT has exclusive jurisdiction under Section 60(5)(c) IBC to decide disputes relating to possession and validity of lease or licence arrangements forming part of a corporate debtor’s assets.

The Punjab & Haryana High Court held that a prior SARFAESI mortgage and auction sale could not be defeated by a subsequent State revenue attachment in the absence of a statutory first charge before Section 26E.

The Supreme Court held that forfeiture in a liquidation sale is lawful where a bidder accepts an extension of time subject to forfeiture and later defaults, as such forfeiture flows from statutory powers under the IBC.

The NCLAT held that joint meetings for considering repayment plans of personal guarantors do not amount to group insolvency where each plan is independently examined and rejected on commercial grounds.