insolvency
Posted inNews

Supreme Court holds NCLT cannot review benami attachment during insolvency — “IBC is not a parallel appellate forum over sovereign confiscation” — liquidators’ appeals dismissed with ₹5 lakh costs each

Court’s decision The Supreme Court dismissed a batch of appeals filed by liquidators challenging provisional attachment orders passed under the Prohibition of Benami Property Transactions Act, 1988. Affirming concurrent findings…
February 26, 2026
IBC
Posted inNews

Supreme Court of India: “IBC Cannot Restructure Ownership of Natural Resources” — Holds Spectrum Is Not a Corporate Asset; Licence and Spectrum Usage Dues Are Sovereign Considerations, Not Operational Debt; Government Dues Cannot Be Wiped Off in Insolvency

Court’s decision The Supreme Court of India allowed the appeals filed by the Union of India and set aside key findings of the National Company Law Appellate Tribunal (NCLAT), holding…
February 17, 2026