The National Company Law Appellate Tribunal (NCLAT) has ruled that a Look-Out Circular (LOC) cannot be issued mechanically against a personal guarantor to a corporate debtor. In Ramesh Jain v. State Bank of India, the tribunal held that the creditor must provide specific, credible reasons to believe the guarantor is a flight risk. This decision safeguards the guarantor's fundamental right to travel abroad and prevents LOCs from being used as a tool for harassment by financi

NCLT recognizes SWAMIH Fund’s loan as interim finance under IBC, ensuring top repayment priority for last-mile project funding.

NCLT: Abstaining CoC members' votes can't be excluded when calculating 66% majority under IBC.

Commercial wisdom of CoC has been given the prominent status"—Supreme Court upholds creditor-driven resolution in Piramal Capital v. 63 Moon

SC reinforces legal discipline, limits judicial interference in insolvency proceedings. Highlights natural justice vs. expediency.

Supreme Court clarifies subrogation and surety liability under IBC, highlighting key legal principles in corporate insolvency.

Supreme Court rules "Suit Not Pending" in Anish M Rawther case, emphasizing procedural compliance over IBC moratorium claims.