IBCArticle·30 March 2026
Natural Justice Threshold
By J the App
Executive Summary
The petitions challenged the NCLT order dated 09.09.2025 refusing withdrawal of CIRP under Section 12-A.
The Court held that no violation of natural justice occurred since the Interim Resolution Professional and objecting financial creditors were duly heard.
Consequently, the writ petitions were dismissed, reinforcing that CIRP proceedings are collective in nature and procedural compliance must be assessed within the statutory framework.
This judgment of the Bombay High Court, Ordinary Original Civil Jurisdiction, in Writ Petition (L) Nos. 30071 & 31334 of 2025, pronounced on 26.03.2026, examines whethe...
Read the full article in the app
This is a premium article. Download J the App to read the complete content.