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    Corporate guarantee claims as financial debt upheld; rejection for verification and stamping defects set aside as perverse.
    Back-to-back contract receivables held outside liquidation estate; sub-contractor dues treated as CIRP costs, with limited interest awarded.
    Crystallised provident fund dues required for CIRP claims; internal communications and tentative calculations are insufficient.
    Personal guarantor insolvency process: NCLAT upholds exclusion of time and rejects challenge based on lack of notice.
    Section 95 proceedings limited to the named guarantor; coparcenary claims did not justify intervention or stay.
    Provident fund protection in liquidation excludes employee dues from the estate and blocks waterfall distribution.
    Pre-existing dispute defeats insolvency claim; disputed advance refund and forfeiture kept Section 9 petition out of time.
    Second charge and proof of security interest upheld despite RoC non-registration; liquidator's recognition of secured status sustained.
    Post-approval consortium change under insolvency resolution process is impermissible where the revised applicant was not in the final list.
    Unregistered agreement for sale does not make a third party a necessary or proper party in Section 7 insolvency proceedings.
    CIRP transparency and disclosure lapses justify rejection of resolution plan despite CoC approval and commercial wisdom
    IBC cannot replace execution: Section 7 based on a money decree was treated as misuse of insolvency process.
    Interim moratorium under the IBC starts on registration of a Section 95 petition, regardless of notice to the secured creditor.
    Resolution plan verification powers rest with the resolution professional; admitted homebuyer claims could not be reopened belatedly.
    Resolution plan review is limited to transparency and statutory compliance, not commercial wisdom, when disclosure is materially flawed.
    CoC-approved resolution plans are binding before adjudication; withdrawal after submission is impermissible and the approval application was revived.
    Admitted homebuyer claims cannot be reopened after plan approval; resolution applicants must honour crystallised liabilities and hand over possession.
    Condonation of refiling delay refused where repeated defects, lack of diligence and vague explanations defeated the appeal against resolution plan app...
    Separate legal entity doctrine barred aggregation of proprietorship liabilities with company debt for insolvency threshold purposes.
    Pre-existing dispute defeats insolvency petition where quality complaints and prior correspondence show a real dispute over supply
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Acts Income Tax