Financial Debt vs Operational Debt in Invoice Financing…

The intersection of supply chain financing and insolvency law has increasingly become a fertile ground for jurisprudential debate, particularly concerning the classification of creditors and the validity of unregistered security interests. The National Company Law Tribunal, Amaravati Bench, had occasion to examine these intricate questions in Kushal Finnovation Capital Private Limited v. Rajesh Chillale, Interim…

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NCLT Reaffirms SWAMIH Fund’s Power To Shield Real Estate Projects; Dismisses Insolvency Plea Against Developer

The National Company Law Tribunal (NCLT), Allahabad Bench of Sri Praveen Gupta (Member, Judicial) and Sri Ashish Verma (Member, Technical) has dismissed a Section 7 insolvency application filed by M/s Nivedan Fin Invest Lease Limited (Financial Creditor) against real estate developer M/s Cosmos Infraestate Private Limited (Corporate Debtor). Beyond ruling that a short-term business investment…