Supreme Court holds that a defective affidavit in a Section 7 IBC application is a curable irregularity, not grounds for rejection, and stresses mandatory notice requirements.
Read Full ArticleSC: Unfair to deny flat buyer’s claim once listed as financial creditor under IBC; directs handover of apartment within two months.
SC recalls its May 2 verdict cancelling JSW Steel’s ₹19,300 Cr resolution plan for Bhushan Power; matter to be heard afresh on August 7.
SC orders status quo on Bhushan Power & Steel liquidation, giving JSW Steel time to file review plea over Rs 19,700-crore resolution plan.
Director can’t be prosecuted for cheque bounce if company is under moratorium under IBC, as management shifts to IRP, limiting repayment capacity: SC
![SC Holds Defective Affidavit In IBC Is Curable, Not Fatal To Petition [Read Judgment]](/secure/uploads/2025/11/lj_6950_SC_Holds_Defective_Affidavit.webp)
![Unfair to deny flat buyer's claim after publication of financial creditors list under IBC: SC [Read Judgment]](/secure/uploads/2025/09/lj_3636_Unfair_to_deny_flat_buyers_claim.jpeg)
![SC orders status quo on liquidation of Bhushan Power & Steel Ltd [Read Order]](/secure/uploads/2025/05/lj_5427_SC_orders_status_quo.webp)
![Company in moratorium under IBC; director can't be prosecuted for cheque dishonour: SC [Read Judgment]](/secure/uploads/2025/03/lj_5797_Company_in_moratorium_under.webp)
