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Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.

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IBBI Amends CIRP Rules: Real Estate Projects May Be Excluded with 66% CoC VoteFeatured
National Company Law Tribunalcorporateinsolvency

IBBI Amends CIRP Rules: Real Estate Projects May Be Excluded with 66% CoC Vote

The Insolvency and Bankruptcy Board of India (IBBI) has notified major amendments enabling exclusion of real estate projects from CIRP upon a 66% vote by the Committee of Creditors (CoC), subject to adjudicating authority approval. Allottees now have representation on the Monitoring Committee, marking a shift in stakeholder balance during resolution.

Nov 4, 2026Read more →
NCLT Upholds Govt's Recovery Plea Against Bhushan PromotersFeatured
National Company Law Tribunalcorporateinsolvency

NCLT Upholds Govt's Recovery Plea Against Bhushan Promoters

NCLT rejects promoters' challenge to Union government's ₹5,431 crore recovery plea against Bhushan Power, affirming liability despite insolvency resolution.

Nov 2, 2026Read more →
IBBI Amends CIRP Rules for Real Estate: 66% CoC Vote to Retain or Exclude ProjectsFeatured
NCLTcorporateinsolvency

IBBI Amends CIRP Rules for Real Estate: 66% CoC Vote to Retain or Exclude Projects

IBBI has notified major amendments allowing the Committee of Creditors (CoC) to recommend retention or exclusion of real estate projects during CIRP by a 66% vote. The final decision on exclusion rests with the Adjudicating Authority, and homebuyers now have representation on the Monitoring Committee.

Nov 2, 2026Read more →
IBBI’s New Real Estate CIRP Rules: 66% CoC Vote to Retain ProjectsFeatured
Insolvency and Bankruptcy Board of India (IBBI)corporatereal_estate

IBBI’s New Real Estate CIRP Rules: 66% CoC Vote to Retain Projects

The IBBI has issued new CIRP rules for real estate projects allowing the Committee of Creditors (CoC) to retain projects during resolution if 66% voting share is met. The move aims to stabilize realty insolvency cases and ensure faster decision-making.

Nov 1, 2026Read more →
ECL Finance Excluded from CoC as Related Party: SCFeatured
Supreme Court of Indiacorporateinsolvency

ECL Finance Excluded from CoC as Related Party: SC

SC disqualifies ECL Finance from Committee of Creditors for holding policy-making rights, confirming its status as a related party under IBC.

Oct 29, 2026Read more →
SC: Admission in IBC Proceedings Binding in Collateral LitigationFeatured
Supreme Court of Indiainsolvencycorporate

SC: Admission in IBC Proceedings Binding in Collateral Litigation

Supreme Court holds that admission of a Section 7 application and initiation of CIRP under IBC is binding and cannot be challenged in collateral proceedings. Res judicata applies to insolvency admissions.

Oct 29, 2026Read more →
SC Allows SRA Claim After CIRP on 'Clean Slate'Featured
Supreme Court of Indiainsolvencybanking

SC Allows SRA Claim After CIRP on 'Clean Slate'

Supreme Court permits a Securitisation Recovery Application after CIRP, rejecting 'clean slate' doctrine as a bar to dues arising from same contract.

Oct 28, 2026Read more →
SC: Section 7 Admission Binds Parties in CIRPFeatured
Supreme Court of Indiainsolvencycorporate

SC: Section 7 Admission Binds Parties in CIRP

Supreme Court holds that once admission of Section 7 application under IBC is recorded, it is binding and cannot be challenged in collateral proceedings.

Oct 28, 2026Read more →
SC Allows SRA to Pursue Dues Despite Clean Slate PrincipleFeatured
Supreme Court of Indiainsolvencybanking

SC Allows SRA to Pursue Dues Despite Clean Slate Principle

The Supreme Court has ruled that a secured creditor may pursue recovery of dues after a successful SRA, rejecting a strict application of the 'clean slate' principle under the IBC.

Oct 27, 2026Read more →
SC: Admission in CIRP Binding in Collateral ProceedingsFeatured
Supreme Court of Indiacorporateinsolvency

SC: Admission in CIRP Binding in Collateral Proceedings

The Supreme Court has ruled that an admission of claim under Section 7 of the IBC, leading to initiation of CIRP, is conclusive and cannot be resiled from in subsequent legal proceedings.

Oct 27, 2026Read more →
SC Allows SRA Despite 'Clean Slate' in IBCFeatured
Supreme Court of Indiabankinginsolvency

SC Allows SRA Despite 'Clean Slate' in IBC

Supreme Court permits Securitisation and Reconstruction of Financial Assets (SRA) proceedings over IBC's 'clean slate' principle, citing creditor rights.

Oct 26, 2026Read more →
SC: Admission in IBC Proceedings Binding in Collateral CasesFeatured
Supreme Court of Indiacorporateinsolvency

SC: Admission in IBC Proceedings Binding in Collateral Cases

Supreme Court rules that admission of a Section 7 application and initiation of CIRP under IBC is binding and cannot be resiled from in parallel proceedings.

Oct 26, 2026Read more →
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