Valuation Standards: registered valuers must follow Board notified standards and prescribed report formats for insolvency valuations.

Fair Value in Pre Pack now includes asset synergies and two independent valuer estimates to determine corporate fair value.

Valuation report requirement: registered valuers must use Board notified format and retain documentation per circular upon voluntary liquidation.

Valuation standards now set by Board circular; valuers must use Board-prescribed report format and retain required documentation.

Fair value determination procedure updated: two valuers, coordinating valuer, third valuer trigger, averaging closest estimates.

Existence of Financial Debt: curable procedural defects did not bar Section 7 admission.

Transactions During Moratorium: restoration of unauthorised receipts to the liquidation estate upheld despite belated criminal allegations.

Exclusion of limitation period: pandemic suspension plus debtor acknowledgement can extend limitation, requiring fresh factfinding on guarantee invoca...

Default on interest triggers acceleration of debt and permits admission of insolvency petition; further tribunal proceedings directed.

Priority of insolvency proceedings: CIRP initiation allowed despite pending company petitions when scheme timelines were missed.

Written waiver requirement: absence of an express written waiver in a debenture trust deed defeats estoppel and supports admission under Section 7.

Association Registration validity upheld; authority ordered to hand over maintenance and IFMS to registered association under IRP supervision.

Bar on CIRP initiation not applicable where default predates moratorium; admission under Section 7 upheld and restructuring not novating debt.

Protection of home buyers' interests preserved; third party completion allowed and interim injunctions barred to enable project completion.

Insolvency law supremacy: municipal dues must be claimed in liquidation; sale purchasers not liable for pre sale statutory debts.

Existence of debt and default governs Section 7 admission; threshold met and limitation extended by acknowledgement and COVID exclusion.

Spectrum as public trust and licensing control prevent its inclusion in corporate insolvency estates under the IBC.

Limitation and acknowledgement: restructuring and working capital acknowledgments can reset date of default, keeping a Section 7 filing timely.

Threshold applicability in insolvency petitions limits relief when default date falls outside prescribed period, affecting interest claims.

Sanctioned Scheme Binding precludes Section 7 admission where scheme sanction and appellate objections are pending; admission set aside.