Important orders on IBC (February 1 – February 16, 2025)

The following is a snapshot of the important orders passed by the National Company Law Appellate Tribunal (“NCLAT”), under the Insolvency and Bankruptcy Code, 2016 (“Code”), during the period between February 1, 2025 to February 15, 2025.

For ease of reference, the orders have been categorized and dealt with in the following categories i.e., Pre-admission stage, Corporate Insolvency Resolution Process (“CIRP”) stage, Post CIRP stage, Liquidation and Miscellaneous.

1. In Global Indian School Education Services Private Limited v. Mr. Abhay Narayan Manudhane (Comp. App. (AT) (Ins) No. 1617 of 2023), the NCLAT observed that a security interest established under a…