Tag: insolvency abuse of process

NCLAT Rejects Personal Guarantor’s Bid To Stall SARFAESI Recovery After Auction, Calls Section 94 Plea Abuse Of Process

Team Law Notify Commissions, Forums & Tribunals May 9, 2026

NCLAT _ National Company Law Appellate Tribunal _ LawNotify

May 8, 2026 : The National Company Law Appellate Tribunal (NCLAT), New Delhi, has dismissed two appeals filed by personal guarantor Ashwani Kumar Oberoi seeking to restrain SARFAESI recovery proceedings and set aside an auction sale conducted by the State Read more…

Supreme Court: IBC Cannot Be Used as Coercive Debt Recovery Tool by Individual Creditors in Dhanlaxmi Bank Case

Team Law Notify Supreme Court May 8, 2026

News Citation : 2026 LN (SC) 460 May 8, 2026 : The Supreme Court has dismissed an appeal filed by Dhanlaxmi Bank Limited and reaffirmed that the Insolvency and Bankruptcy Code, 2016 (IBC) cannot be invoked as a coercive mechanism Read more…