The CoC-approved sale of non-core assets under Regulation 29 of the CIRP Regulations was valid and binding, reaffirming that the Adjudicating Authorit...

An unsuccessful resolution applicant who failed to submit a final plan during the challenge process has no locus standi to question the approved resol...

The NCLAT held that the Adjudicating Authority exceeded its jurisdiction by directing the exclusion of assets treated as margin money, as such exclusi...

The issuance and service of a demand notice under Section 95(4)(b) and Rule 7(1) of the IBC is a mandatory precondition for initiating insolvency proc...

An auction purchaser who acquires property on an “as is where is”, “as is what is” and “whatever there is” basis cannot claim relief for undisclosed s...

In insolvency proceedings under the IBC, a transaction can be recognized as financial debt based on the real nature and substance of the transaction s...

An order admitting a Corporate Debtor to CIRP must be set aside if the affected party was not afforded a proper opportunity of hearing, and, after suc...

Only claims substantiated by valid and verifiable proof of financial disbursement can be recognized as those of a Financial Creditor under the IBC, an...

Section 17(5) of the SARFAESI Act imposes a statutory mandate on the Debts Recovery Tribunal to dispose of securitisation applications within 60 days,...