Tagged “insolvency-and-bankruptcy-code”

2 articles on insolvency-and-bankruptcy-code.

Supreme CourtSupreme Court of India

Pooja Ramesh Singh v. J&K Bank (2026): a decision built on AI-hallucinated precedents is 'no decision in the eyes of the law'

The Supreme Court set aside NCLT and NCLAT orders admitting a Section 7 application because the tribunal had relied on six 'precedents' that AI had fabricated, and declared a zero-tolerance rule for the Bar and Bench citing unverified AI-generated material.

Valkya Editorial·10 Jul 2026·7 min

Supreme CourtSupreme Court of India

CA Ramchandra Dallaram Choudhary v. Adani Infrastructure (2026): the hard outer limits of a Section 62 IBC appeal

The Supreme Court dismissed a liquidator's Section 62 IBC appeal as time-barred, holding that the Code allows only 45 days plus a 15-day grace period to file, and that a defectively filed appeal must be cured within 28 days under the Supreme Court Rules — beyond which the right to appeal is extinguished and no delay can be condoned.

Valkya Editorial·10 Jul 2026·8 min