The clean slate principle – The Successful Resolution Applicant cannot be insisted to pay the arrears payable by the Corporate Debtor for the grant of an electricity connection in her/his name – Tata Power Western Odisha Distribution Ltd. (TPWODL) & Anr. Vs. Jagannath Sponge Pvt. Ltd. Director – Supreme Court

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Once Liquidator applies to the NCLT for the decision to sell the movable and immovable assets of the Corporate Debtor in liquidation by adopting a particular mode of sale and NCLT grants approval to such a decision, there is no provision in the IBC that empowers the NCLAT to suo motu conduct a judicial review of the said decision – R.K. Industries (Unit-II) LLP Vs. H.R. Commercials Pvt. Ltd. and Other – Supreme Court of India

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Rule 8(5) of the Securitisation Interest (Enforcement) Rules, 2002 does not contemplate to get a fresh valuation report for each and every sale notice – M/s. Soumya Engineering Vs. The Chief Manager Indian Bank – Karnataka High Court

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The principles applied in Corporate Insolvency cannot be applied to Personal Insolvency. Recovery proceedings or proceedings under Section 96 of the IBC, 2016 would not absolve the borrower who has been found to be a wilful defaulter – Adarsh Jhunjhunjwala Vs. State Bank of India & Anr. – High Court of Calcutta

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