NCLT Chennai dismissed a Section 7 IBC plea, holding that a loan paid to a director’s personal account is not a company’s financial debt without proof of corporate borrowing or use of funds for its business.
Read Full ArticleThe Supreme Court has held that homebuyers and a Successful Resolution Applicant cannot be penalised for a developer’s default, waiving NOIDA’s time extension charges and setting aside the NCLAT direction treating them as CIRP costs.
Supreme Court rules that time spent in winding-up proceedings cannot be excluded under Section 14 of the Limitation Act for a separate money recovery suit, as the two remedies are fundamentally different.
Supreme Court holds that suspension, idling and demobilization damages from a contract breach do not constitute operational debt under the IBC unless crystallized by a competent court or arbitral tribunal.
M/s. Betterplace Safety Solutions Pvt. Ltd has moved has moved NCLT, Bengaluru against delivery app, Dunzo over pending dues.
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![Loan Paid To Director’s Personal Account Is Not Company’s Financial Debt: NCLT Chennai [Read Order]](/secure/uploads/2026/09/lj_2121_ChatGPT_Image_Sep_11,_2026,_01_49_44_AM.webp)
![Homebuyers Cannot Be Penalised For Developer’s Default: Supreme Court Waives NOIDA’s Time Extension Charges [Read Judgment]](/secure/uploads/2026/09/lj_2547_Homebuyers_Cannot_Be_Penalised.webp)
![Winding-Up Proceedings Cannot Extend Limitation For Later Money Recovery Suit : SC [Read Judgment]](/secure/uploads/2026/08/lj_5162_ChatGPT_Image_Aug_13,_2026,_03_14_06_AM.webp)
![Uncrystallized Damages From Breach of Contract Not Operational Debt Under IBC : SC [Read Judgment]](/secure/uploads/2026/08/lj_5297_ChatGPT_Image_Aug_13,_2026,_02_08_42_AM.webp)
![Betterplace Safety Solutions files plea seeking insolvency against Dunzo before NCLT Bengaluru [Read Order]](/secure/uploads/2024/02/lj_5468_Dunzo-App-nclt.webp)
