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    Share application money treated as financial debt; insolvency petition admitted, appeal dismissed and interim deposit ordered refunded.
    Corporate guarantee invocation and limitation extension sustain insolvency petition admission despite liquidation recoveries; Form1 particulars upheld
    Threshold for Section 7 initiation by homebuyers in a real estate project upheld; petition remanded for fresh consideration.
    Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
    Provident Fund assessment claims during moratorium barred; resolution plan allowed lower payout and appeal dismissed
    Fraudulent trading and wrongful trading under IBC found on false accounting; appeal dismissed and contribution ordered.
    Insolvency petition based on admitted debt and default upheld; challenge for malicious initiation rejected, settlement may proceed under resolution fr...
    Insolvency petition admission for creditor recovery upheld after debtor's failure to cooperate with restructuring; appeal dismissed, CIRP affirmed.
    Insolvency resolution process costs: tribunal dismisses appeals where CIRP costs were not placed before or approved by the CoC, so claims fail
    Crystallisation of EPF liabilities in CIRP - unadjudicated EPFO claims excluded; resolution plan upheld, appeal dismissed.
    Invitation for Expression of Interest process: belated EoI without provisional list breached Regulation 36A; plan approval refused, CIRP reopened.
    Extortionate interest claimed by financial creditors in insolvency rejected for lack of bona fide documentation and unregistered charge
    Pre-existing operational debt dispute under IBC: tribunal upholds rejection of insolvency petition where dispute pre-dated demand notice.
    Valuation of security shares and insolvency petitions: impugned rejection quashed; company petition revived for adjudication on merits
    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...
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Acts Income Tax