insolvency law india – Lawcutor

Supreme Court Waives NOIDA Time-Extension Penalty Charges in Homebuyer CIRP Case

Background Granite Gate Properties Pvt. Ltd. took two plots on perpetual lease from NOIDA for high-rise residential projects — Lotus Boulevard (Sector 100) and Lotus Panache (Sector 110). The developer…

Supreme Court Clarifies: DRT Recovery Certificate Not Equivalent to Decree for Issuing Insolvency Notice Under Presidency Towns Insolvency Act

The Supreme Court has held that a recovery certificate issued by a Debts Recovery Tribunal (DRT) under the Recovery of Debts and Bankruptcy Act, 1993 (pre-2016 amendment) cannot form the…

Supreme Court Reiterates That Adjudicating Authority Under IBC Need Not Examine Merits of Pre-Existing Dispute; Sets Aside NCLAT Order Admitting Section 9 Application and Restores NCLT Order Dismissing It

The Supreme Court has allowed the appeal filed by GLS Films Industries Private Limited, the corporate debtor, and set aside the judgment dated 11.02.2025 passed by the National Company Law…