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Supreme Court restores CIRP against corporate debtor despite pending scheme under Companies Act — “IBC prevails; defunct scheme cannot stall insolvency” — NCLAT order set aside

Court’s decision The Supreme Court allowed the appeal filed by Omkara Assets Reconstruction Private Limited and restored the Corporate Insolvency Resolution Process (CIRP) initiated under Section 7 of the Insolvency…

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Rawlaw February 26, 2026

Posted inNews

Supreme Court: “To deny bona fide homebuyers possession despite verified claim is unfair and contrary to IBC” – NCLAT and NCLT orders set aside, possession directed

Court’s Decision The Supreme Court allowed the appeal of homebuyers challenging the orders of the NCLT and NCLAT, which had relegated them to only 50% refund under a resolution plan.…

Posted by

Rawlaw September 10, 2025

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