NCLAT Dismisses Section 94 IBC Appeal, Bars Fresh Filing After Earlier Rejection

Saurabh Premprakash Chugh Vs State Bank of India (NCLAT Delhi) National Company Law Appellate Tribunal (NCLAT), Delhi, has dismissed an appeal filed by an individual debtor, Saurabh Premprakash Chugh, upholding a lower tribunal’s decision that his attempt to re-file a personal insolvency application was legally impermissible. The case, involving the State Bank of India (SBI), centered on the principle of res judicata, which prevents a matter from being re-litigated after a final decision has been reached. The NCLAT bench considered an appeal against an order from the National Company Law Tri...