News Supreme Court restores CIRP against corporate debtor despite pending scheme under Companies Act — “IBC prevails; defunct scheme cannot stall insolvency” — NCLAT order set aside RawlawFebruary 26, 20266 min read
News Supreme Court restores Section 7 insolvency plea by debenture trustee — “Restructuring must comply with Debenture Trust Deed; unilateral emails cannot amend contract” — NCLT directed to admit CIRP RawlawFebruary 26, 20265 min read
News Supreme Court: Section 10A Bar Inapplicable Where Default Predates Covid Window — “Admission Under Section 7 Requires Only Proof of Financial Debt and Default; Business Viability Not a Ground to Reject Admission” — Failed Restructuring Does Not Novate Original Loan; CIRP Against Power Company Upheld RawlawFebruary 19, 20265 min read
