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    Registered sub-lease security interest required revised plan distribution, while lender claims over allotted units were limited to unsold inventory.
    Civil suit over release from personal guarantees remains maintainable when filed before insolvency moratorium begins.
    Section 7 insolvency admissions can fail where loan documents and disbursal routes are tainted by fraud suspicions.
    Related party status, guarantee claim cap and security interest restrictions shape CIRP claim treatment under resolution plan
    Contractual service of guarantee demand notice upheld where invocation preceded insolvency proceedings against personal guarantors
    Provident fund and gratuity dues remain outside liquidation estate despite no segregated fund at commencement
    Fake AI-generated precedents vitiate adjudication, with unverified citations contaminating the decision-making process and undermining the rule of law...
    Bankruptcy filing timeline under Section 121(2) is directory; delay may be condoned on sufficient cause.
    Claim verification in insolvency: unsupported farmer compensation failed, and lease charges were limited to the insolvency commencement date.
    Valid service through registered email sustains Section 7 admission for interest default and revived loan dues.
    Registered homebuyer claims in CIRP records survive delay when notice is absent and allotment details are documented.
    IRP remuneration and CIRP costs remain reviewable; monthly fee claim for the full tenure was rejected.
    Final eviction decree bars CIRP challenge to landlord's title and excludes unlawful possession from insolvency assets
    IBC priority over GST first charge limits tax dues to unsecured debt in CIRP, while moratorium bars revised claims.
    Concluded liquidation auction cannot be cancelled absent fraud, collusion or fundamental procedural irregularity; sale restored.
    Abuse of insolvency process: CIRP may be terminated when sole creditor rejects repayment without justification.
    Pre-existing dispute bars insolvency admission where contemporaneous records show a plausible contractual dispute before demand notice
    Locus standi to challenge a confirmed liquidation sale failed where the shareholder lacked standing and objections were unsubstantiated.
    Pre-existing dispute under IBC fails where objections arise after demand notice; operational debt admission upheld.
    Personal guarantor liability upheld despite no separate guarantee deed, and the belated duress plea and report objection failed.
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Acts Income Tax