Invocation of personal guarantee by legal notice found sufficient; moratorium commenced from filing and petition revived.

Liability of directors for company tax in liquidation: bank account attachment vacated and liberty to seek exclusion granted.

Settlement of claims during liquidation: provident, pension and gratuity funds treated as third-party assets; payment directed before distribution.

Treatment of creditor claims as contingent liability restored for fresh adjudication on existence of debt, default and pre-existing dispute

Maintainability of Section 7 application by real estate allottees affirmed; matter remanded to determine threshold and allow additional evidence

Inventory write-off and fraudulent/wrongful trading allegations in corporate insolvency led to director liability principles applied and appeal dismis...

Approval of resolution plan: modification permitted post-approval if plan and CoC allow; operational creditors and employee dues protected.

Admission of belated claim in insolvency process affirmed; adjudicating authority discretion upheld and appeal dismissed

Preferential transactions and transaction audit reports upheld, restitution ordered and directors failed to prove ordinary course defence.

Expunction of adverse observations in insolvency proceedings: appellate expunges unsupported findings and stresses right to be heard.

Corporate Insolvency Resolution Process: limitation, party representation and refund offers lead to dismissal of time-barred appeals and interventions

Trademark title declaration under insolvency jurisdiction limited; approval plan cannot determine trademark ownership, declaration set aside

Financial debt characterization and misuse of loan for personal car purchase led to rejection of the alleged creditors claim.

Related party status of SRA and eligibility to submit a resolution plan tested; prior adjudicating authority decision upheld and appeal dismissed

Approval of resolution plan including third-party land upheld where guarantor land treated as company asset, lease voided

Effect of bankruptcy order: post-commencement funds released to bankrupt if trustee has not claimed them; trustee administers estate

Interim finance in corporate insolvency: tribunal trims RP fees, finds conflict of interest and misuse of funds.

CIRP admission challenge over settlement after full payment of claimed debt leads to setting aside of the impugned order

Admission into CIRP based on existence of financial debt and default; homebuyers' society denied locus to intervene or appeal

Financial debt existence and default found from audit reports and balance sheets; CIRP initiation sustained, fraud plea rejected