Section 9 Petition is non-maintainable if Demand Notice u/S. 8 is not in prescribed format : NCLT, Hyderabad
Corporate Debtor cannot take any benefit of Criminal Proceedings initiated by filing an application u/s 156 of CrPC which was filed subsequent to the receipt of Demand Notice u/s 8 of IBC : NCLAT
The factum of litigation by Writ Petition in High Court by a third party and suit by certain parties in the property cannot be ground for the Successful Bidder of not making payment of balance amount : NCLAT
Section 74 of Indian Contract Act, 1872, has no application in the case of an Auction conducted by the Liquidator under the Liquidation Process Regulations, 2016 : NCLAT
The hierarchy of the waterfall mechanism is based on a structured mathematical formula, and that striking down any of the provisions or rearranging the hierarchy of the waterfall mechanism would lead to cascading effects : Supreme Court
Any settlement after constitution of the CoC is only permissible when the same is approved with 90% vote share of CoC : NCLAT
Once a property is part of liquidation estate of the Corporate Debtor, the provisions of IBC are applicable : NCLAT
The expenses incurred by IRP and RP for the purpose of CIRP is bound to be reimbursed and included as CIRP Cost : NCLT
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