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Kanal postlari
REAT-Haryana:
Whether an inordinate delay of 1474 days in filing an appeal under Section 44(2) of the Real Estate (Regulation and Development) Act, 2016 can be condoned on vague pleas of record retrieval and settlement discussions without cogent proof of due diligence?
The Real Estate (Regulation and Development) Act, 2016 – Sections 43(5), 44(2); Limitation Act – Sections 3, 5 – appeal filed with delay of 1474 days against the Authority’s order granting interest for delayed possession – promoter pleaded delay in retrieving documents and exploring settlement. Held that the statutory period for appeal is 60 days under Section 44(2), and though delay provisions are to be approached liberally, such approach cannot...
Citation: (2026) ibclaw.in 480 REAT
Read More: https://ibclaw.in/ireo-victory-valley-pvt-ltd-vs-haryana-real-estate-regulatory-authority-and-ors-haryana-reat/
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| 2 | REAT-Tamil Nadu(TN):
Whether persons who are neither allottees nor connected with a real estate project can maintain complaints as aggrieved persons under Section 31(1) of the Real Estate (Regulation and Development) Act, 2016?
Real Estate (Regulation and Development) Act, 2016, Sections 31(1), 43(5) and 61 – complaints before TNRERA by persons alleging false information in advertisement relating to project – respondents had not entered into any agreement with promoter and were admittedly not allottees – issue was whether such strangers to the project had locus standi as aggrieved persons under Section 31(1). Held that Section 31(1) contemplates an aggrieved person and not any...
Citation: (2026) ibclaw.in 423 REAT
Read More: https://ibclaw.in/casagrand-premier-builder-ltd-vs-kanchana-and-anr-tamil-nadu-reat/
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| 3 | REAT-Karnataka:
Whether the Authority could direct registration of an Agreement to Sell under Section 13 of the RERA Act when the agreement was presented beyond the period prescribed under Section 23 of the Registration Act and the allottee had paid less than 10% of the apartment cost?
Real Estate (Regulation and Development) Act, 2016, Sections 13(1) and 31; Registration Act, 1908, Sections 23 and 17(2)(v); Transfer of Property Act, Sections 53A and 54 – challenge to Authority’s direction requiring promoter to execute and register Agreement for Sale within 30 days. Held that Section 13(1) mandates registration of an Agreement for Sale only in accordance with the law in force, and registration is therefore governed by the Registration...
Citation: (2026) ibclaw.in 470 REAT
Read More: https://ibclaw.in/sobha-ltd-vs-karnataka-real-estate-regulatory-authority-and-ors-karnataka-reat-7/
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| 4 | REAT-Haryana:
Whether an allottee’s claim for delay possession interest under Section 18(1) of the Real Estate (Regulation and Development) Act, 2016 is maintainable after execution of the conveyance deed, and from what date is interest payable on amounts paid after the due date of possession?
Real Estate (Regulation and Development) Act, 2016, Sections 18(1), 37 and proviso to Section 43(5); Haryana Real Estate (Regulation and Development) Rules, Rules 15 and 16(2) – dispute concerned delayed possession of a unit and the allottee’s entitlement to interest after execution of the conveyance deed, as well as the date from which interest was payable on instalments paid after the due date of possession. Held that the promoter’s objection...
Citation: (2026) ibclaw.in 481 REAT
Read More: https://ibclaw.in/emaar-india-ltd-vs-prosenjit-sarkar-and-anr-haryana-reat/
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| 5 | REAT-Tamil Nadu(TN):
Whether a complainant who has already filed a separate proceeding seeking refund of the same amount with interest can maintain another complaint claiming compensation for delay in refund of that amount?
Real Estate (Regulation and Development) Act, 2016 – complaint for compensation for mental agony on account of delayed refund – complainant had separately filed R.C.P.No.164 of 2024 before TNRERA seeking refund of the same Rs.30,10,000/- with interest and legal expenses in relation to the same villa booking. Held that once the complainant had already sought refund of the very same amount with interest in a separate pending proceeding, a further...
Citation: (2026) ibclaw.in 425 REAT
Read More: https://ibclaw.in/velumani-subramanian-vs-st-angelos-vnct-ventures-llp-tamil-nadu-reat/
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| 6 | DRAT-Delhi:
Whether the Debts Recovery Appellate Tribunal could direct release of keys of the auctioned property lying with its Registry to the auction purchaser without requiring recourse to the DRT again?
Recovery of Debts and Bankruptcy Act, 1993, Sections 19(25) and 22; Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, Section 17(7); DRAT (Procedure) Rules, 1994, Rule 22 – issue concerned release of keys of an auctioned property lying with the Registry of the Appellate Tribunal to the auction purchaser, after sale certificate had been issued and the sale consideration was stated to have been apportioned...
Citation: (2026) ibclaw.in 341 DRAT
Read More: https://ibclaw.in/jai-raj-developers-llp-vs-yes-bank-ltd-and-ors-drat-delhi/
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| 7 | DRT-Madurai:
Whether non-compliance with Rules 8(1) and 8(2) of the Security Interest (Enforcement) Rules, 2002 in taking symbolic possession vitiates consequential proceedings under Sections 13(4) and 14 of the SARFAESI Act?
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, Sections 13(2), 13(4), 14 and 17(1); Security Interest (Enforcement) Rules, 2002, Rules 8(1) and 8(2) – challenge to order of Chief Judicial Magistrate granting assistance for physical possession under Section 14 – borrower contended that statutory possession measures were defective. Held that though the loan, mortgage and subsequent default were not in dispute, and fresh SARFAESI proceedings...
Citation: (2026) ibclaw.in 686 DRT
Read More: https://ibclaw.in/s-angammal-gurunathan-vs-home-first-finance-company-india-ltd-drt-madurai/
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| 8 | DRT-Pune:
Whether an auction sale under the SARFAESI Act is liable to be set aside for non-service of the sale notice with a clear thirty days' gap and for fixation of reserve price below the valuer's higher distress value?
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 – Sections 13(2), 13(3), 19; Security Interest (Enforcement) Rules, 2002 – Rule 8(6) – Challenge to SARFAESI auction sale on grounds of non-service of sale notice, absence of clear thirty days’ notice, and undervaluation of secured asset; also claim for compensation against auction purchasers. Held that the challenge to the demand notice failed, as the notice...
Citation: (2026) ibclaw.in 687 DRT
Read More: https://ibclaw.in/yogesh-vasant-satav-and-anr-vs-authorized-officer-capri-global-capital-ltd-and-ors-drt-pune/
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| 9 | DRT-Madurai:
Whether an e-auction sale under the SARFAESI Act can be sustained when the secured creditor fails to prove compliance with the mandatory requirements relating to possession notice publication, affixture, and sale notice affixture under the Security Interest (Enforcement) Rules, 2002?
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, Sections 13(2), 13(4), 14 and 17; Security Interest (Enforcement) Rules, 2002, Rules 8(7) and 9 – challenge to auction sale of secured asset under SARFAESI. The borrowers sought setting aside of the sale held on 20.01.2022 and the sale certificate dated 03.02.2022. Held that though the borrowers had admittedly availed the facilities, created security, and defaulted, the...
Citation: (2026) ibclaw.in 669 DRT
Read More: https://ibclaw.in/s-ramuthai-and-anr-vs-tamilnad-mercantile-bank-and-ors-drt-madurai/
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| 10 | DRT-Chandigarh:
Whether a bank can maintain an application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 simultaneously with SARFAESI proceedings, and whether guarantors and mortgagors can avoid liability on pleas of variation, unregistered equitable mortgage, alleged siphoning of funds, and delayed written statement or counterclaim?
Recovery of Debts and Bankruptcy Act, 1993, Section 19; SARFAESI Act, Sections 13(2) and 13(10); Indian Contract Act, Sections 139 and 141 – bank sought recovery against borrower, guarantors, mortgagors and corporate guarantor on the basis of renewed credit facilities, loan documents, guarantees and equitable mortgages. Held that the OA was maintainable notwithstanding initiation of SARFAESI proceedings, as simultaneous action under the SARFAESI Act and the RDB Act was permissible....
Citation: (2026) ibclaw.in 667 DRT
Read More: https://ibclaw.in/sbi-erstwhile-state-bank-of-patiala-vs-pure-foods-ltd-and-ors-drt-chandigarh/
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| 11 | DRT-Lucknow:
Whether a borrower can resist SARFAESI measures by relying on a 29-year lease in favour of a school managed and represented by the borrowers themselves, and by challenging notice defects despite having admittedly objected to the demand notice?
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 – Sections 13(2), 13(3A), 13(4), 14, 17(4A); Transfer of Property Act, 1882 – Section 65A – Borrowers challenged SARFAESI measures on the basis of a 29-year lease in favour of a school and alleged defects in NPA date, service of demand notice, possession notice and Section 14 proceedings. Held that the grant of loan, default and reschedulement...
Citation: (2026) ibclaw.in 680 DRT
Read More: https://ibclaw.in/saraswati-education-and-social-welfare-society-and-ors-vs-capri-global-capital-ltd-drt-lucknow/
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| 12 | DRT-Bengaluru:
Whether SARFAESI measures can be sustained where an MSME borrower’s account was classified as NPA without compliance with the RBI framework for Revival and Rehabilitation of MSMEs, and where CERSAI registration and Rule 8 compliance are not established?
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, Sections 13(2), 13(4), 17(1); Security Interest (Enforcement) Rules, 2002, Rules 8(5), 8(6), 9(1) – Challenge to NPA classification, demand notice, possession notices and sale notice by borrower claiming MSME status. Held that the applicant’s MSME status stood established by the Udyam Registration Certificate and the material on record did not show that the bank complied with the...
Citation: (2026) ibclaw.in 689 DRT
Read More: https://ibclaw.in/dr-hegde-nanoculum-inc-vs-authorised-officer-karnataka-bank-drt-bengaluru/
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| 13 | DRAT-Delhi:
Whether an application under Order 22 CPC to implead the legal heirs of a deceased defendant in a pending Original Application was barred by limitation under Article 120 of the Limitation Act, 1963, and whether dismissal of the subsequent review applications called for appellate interference?
Code of Civil Procedure, 1908 – Order 22 Rules 1, 2 and 4; Limitation Act, 1963 – Articles 120 and 121; Debts Recovery Tribunal (Procedure) Rules, 1993 – Rule 5-A – appeals against dismissal of applications for impleadment of legal heirs, for placing additional facts on record, and for review. Held that the application to bring the legal representatives of deceased defendant No.3 on record was governed by Article 120...
Citation: (2026) ibclaw.in 348 DRAT
Read More: https://ibclaw.in/renu-arora-and-anr-vs-indian-bank-and-ors-drat-delhi/
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| 14 | DRAT-Kolkata:
Whether a bidder who submitted incomplete bid documents after the deadline in an e-auction can challenge the sale notice terms and seek setting aside of a confirmed auction sale or inter se bidding under Section 30 of the Recovery of Debts and Bankruptcy Act, 1993?
Recovery of Debts and Bankruptcy Act, 1993, Section 30; Income Tax Act, 1961, Second Schedule, Rules 60 and 61 – Challenge to rejection of bid in Recovery Officer’s e-auction and to confirmed sale – appellant-company submitted bid documents at 1.20 p.m. though the sale notice fixed 1.00 p.m. on 28.02.2025 as the last time, and the bid lacked required company documents including board resolution, directors’ details with KYC and MOA....
Citation: (2026) ibclaw.in 343 DRAT
Read More: https://ibclaw.in/lloyds-realty-developers-ltd-vs-rare-asset-reconstruction-ltd-and-ors-drat-kolkata/
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| 15 | NCLT-Kolkata Bench:
Whether a claim founded on an arbitral award arising from unpaid consideration under a High Sea Sale Agreement can be classified as a financial debt under Section 5(8) of the Insolvency and Bankruptcy Code, 2016?
Insolvency and Bankruptcy Code, 2016, Sections 5(8), 5(21), 60(5); Insolvency Resolution Process for Corporate Persons Regulations, 2016, Regulation 7(2); Arbitration and Conciliation Act, 1996, Section 36 – Issue was whether an arbitral award based on unpaid consideration under a High Sea Sale Agreement and allied expenses could be treated as a financial debt. Held that the arbitral award merely crystallized the liability arising from the underlying transaction and did not...
Citation: (2026) ibclaw.in 3070 NCLT
Bench: Shri Labh Singh (Judicial Member) and Ms. Rekha Kantilal Shah (Technical Member)
Read More: https://ibclaw.in/yogesh-gupta-vs-bijay-kumar-murmuria-rp-of-fairdeal-supplies-ltd-nclt-kolkata-bench/
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| 16 | NCLT-Kolkata Bench:
Whether a liquidator, after the highest bidder is identified in an e-auction under Schedule I to the IBBI (Liquidation Process) Regulations, 2016, can cancel the auction and conduct a fresh auction on the Committee of Creditors’ decision where a technical glitch prevented another bidder from participating and value maximisation was sought?
Insolvency and Bankruptcy Code, 2016 – Section 60(5), Section 21(11), Section 35(2); IBBI (Liquidation Process) Regulations, 2016 – Regulation 33, Regulation 31A, Schedule I Clauses 12A, 12B, 12C – applicant, though highest bidder in liquidation e-auction, challenged cancellation of auction and sought confirmation of sale. Held that under amended Schedule I, the liquidator could not unilaterally conclude the auction and could declare the highest bidder as successful or reject the...
Citation: (2026) ibclaw.in 3109 NCLT
Bench: Shri Labh Singh (Judicial Member) and Ms. Rekha Kantilal Shah (Technical Member)
Read More: https://ibclaw.in/souvik-agarwal-vs-vijendra-sharma-liquidator-of-ambay-coke-industries-pvt-ltd-nclt-kolkata-bench/
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| 17 | NCLT-Mumbai Bench:
Whether a debenture trustee can maintain an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 on the basis of pre-25.03.2020 defaults under debenture trust deeds notwithstanding subsequent consent terms and the bar under Section 10A?
Insolvency and Bankruptcy Code, 2016 Sections 3(12), 3(23), 5(7), 5(8), 7 and 10A – maintainability of Section 7 application by debenture trustee, limitation, effect of consent terms, and existence of financial debt and default. Held that the Debenture Trustee Agreement and Debenture Trust Deeds authorised the applicant to act on behalf of the debenture holders and enforce their rights on occurrence of default, and the application was filed in that...
Citation: (2026) ibclaw.in 3123 NCLT
Bench: Mr. Ashish Kalia (Judicial Member) and Shri Anil Raj Chellan (Technical Member)
Read More: https://ibclaw.in/vistra-itcl-india-ltd-vs-rajesh-habitat-pvt-ltd-nclt-mumbai-bench/
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| 18 | NCLAT-New Delhi:
Whether the NCLAT can condone delay beyond the outer limit of 15 days under Section 61(2) of the Insolvency and Bankruptcy Code, 2016, and whether limitation runs from pronouncement of the NCLT order rather than from receipt of a free certified copy?
Insolvency and Bankruptcy Code, 2016, Section 61(1), Section 61(2) and proviso to Section 61(2); National Company Law Appellate Tribunal Rules, 2016, Rule 22(2); Limitation Act, 1963, Section 12(2); Companies Act, 2013, Section 420(3) and Section 421(3) – question arose whether delay of 43 days beyond the prescribed 30 days could be condoned in an appeal under the IBC and whether limitation ran from pronouncement of the NCLT order or from...
Citation: (2026) ibclaw.in 1017 NCLAT
Bench: Mr. Justice Mohammad Faiz Alam Khan (Judicial Member) and Mr. Naresh Salecha (Technical Member)
Read More: https://ibclaw.in/keshav-kumar-nachani-vs-encore-asset-reconstruction-company-pvt-ltd-and-anr-nclat-principal-bench-new-delhi/
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| 19 | High Court-Bombay:
Whether a writ of quo warranto is maintainable against the appointment of the Chairman-cum-Managing Director of a Government company incorporated under the Companies Act, 2013 when the post is not shown to be a public office involving sovereign functions?
Constitution of India – writ of quo warranto; Companies Act, 2013 – Government company. Petition sought quo warranto against the appointment of respondent No. 6 as Chairman-cum-Managing Director of MOIL on the basis of pending allegations of corruption and alleged violation of service norms and CPSE guidelines. Held that the jurisdiction in quo warranto is limited to examining whether the office is a public office and whether the appointment is...
Citation: (2026) ibclaw.in 4179 HC
Read More: https://ibclaw.in/moil-janshakti-mazdoor-sangh-vs-union-of-india-and-ors-bombay-high-court/
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| 20 | NCLAT-Chennai:
Whether the existence of an arbitration clause, a settlement agreement arising from a goods-supply transaction, and a dispute raised only in reply to a Section 8 notice can bar admission of a Section 9 application under the Insolvency and Bankruptcy Code, 2016?
Insolvency and Bankruptcy Code, 2016 – Sections 5(20), 5(21), 8, 9, 238 – Section 9 application was rejected by NCLT on grounds that the contract contained an arbitration clause, the appellant was not an operational creditor, and a pre-existing dispute existed. Held that the existence of an arbitration clause does not bar invocation of the statutory remedy under the Code, the Code having overriding effect. The claim arose from a...
Citation: (2026) ibclaw.in 1011 NCLAT
Bench: Mr. Justice Sharad Kumar Sharma (Judicial Member) and Mr. Jatindranath Swain (Technical Member)
Read More: https://ibclaw.in/posco-international-corporation-vs-mohana-cotton-ginning-pvt-ltd-nclat-chennai-bench/
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