IBBI, NCLAT Judgement Dated 22/09/2025 – Allows restoration of IBC case despite Revival Clause absence in Settlement 

Case of Dnyaneshwaer Shankar Unde vs Shukla Dairy Pvt Ltd, NCLAT Delhi Judgement Dated 22nd September 2025.The appellate tribunal set aside an order passed by the  NCLT which had refused to restore an admitted insolvency petition following a breach of settlement terms. It makes clear that when parties enter into a settlement during pendency of a CIRP, and later fail to honour the agreed terms, revival of insolvency proceedings cannot be denied merely due to absence of the specific revival clause.

(Link: NCLAT Delhi Judgement Dated 22/09/2025)

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