Borrower’s Default To Bank Not Detrimental To Country’s Economic Interest: Calcutta High Court
The Calcutta High Court has held that the economic interest of the country cannot be read synonymously with the financial health of a bank...
Delhi High Court Quashes Order Cancelling Registration Certificate Of NBFC By RBI For Non-Maintenance Of NOF
The bench of Justice Dharmesh Sharma while quashing the order passed by the RBI remitted the matter back to the RBI for fresh consideration,...
Writ Petition Challenging SARFAESI Proceedings Not Maintainable Against NBFC: Delhi High Court
The Delhi High Court has ruled that writ petition challenging Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI)...
GNIDA Is Operational Creditor And Not Financial Creditor: NCLAT
The National Company Law Appellate Tribunal, New Delhi ruled that GNIDA is an operational creditor and not financial creditor.The tribunal observed that there is...
Liquidator Should Be Issued Notice And Made To Participate In Income Tax Reassessment Proceedings: Patna High Court
Recently, Patna High Court has ruled that the Liquidator should be noticed and participate in the income tax reassessment proceedings.The court has quashed the...
Generation Of Valuation Report Identification Number For Valuation Conducted By Registered Valuer Under IBC: IBBC
The Insolvency and Bankruptcy Board of India (IBBC) has issued the circular regarding the Generation of Valuation Report Identification Number for valuation conducted by...
Legal Heirs Of Deceased Shareholder Can’t Question Transfer Of Deceased’s Shares To Other Shareholders At Throwaway Price: Delhi NCLAT
The National Company Law Appellate Tribunal, New Delhi ruled that the legal heirs of deceased shareholder can't question transfer of deceased's shares to other...
Filing Without Vakalatnama, Certified Copy, Affidavit would Stop Limitation: NCLAT
The National Company Law Appellate Tribunal, New Delhi ruled that filing of the case without vakalatnama, certified copy, affidavit would stop limitation.The bench observed...
NCLT EMPOWERED TO ADJUDICATE DISPUTES ARISING FROM INSOLVENCY OF CORPORATE DEBTOR: MUMBAI NCLT
Author: Khushi J PrajapatiThe National Company Law Tribunal, Mumbai held that it is empowered to adjudicate disputes arising from the insolvency of a corporate...
INSISTENCE ON CLEARING PAST DUES CONTRADICTS REHABILITATIVE INTENT OF IBC CALLS FOR JUDICIAL INTERVENTION: DELHI HIGH COURT
The Delhi High Court emphasized that insisting on the clearance of past dues contradicts the rehabilitative intent of the Insolvency and Bankruptcy Code (IBC)The...
Assets To Be Sold To Pay Off Dues, NCLT Orders Liquidation Of Future Retail
The National Company Law Tribunal, Mumbai, ordered the liquidation of Future Retail while observing that the assets to be sold to pay off dues.The...
SEBI Notifies 1st November 2024 As Effective Date For Implementation Of Insider Trading Rules
The Securities and Exchange Board of India (SEBI) has notified 1 November 2024 as the effective date for the implementation of insider trading rules.The ...
Fundamental Right Of Citizen To Travel Abroad Can’t Be Curtailed On Failure To Pay Bank Loan: Delhi High Court Quashed Look Out Circular
The Delhi High Court has recently quashed the look out circular issued by the bank against the loan defaulter restricting him to travel abroad.The...
Delhi High Court Directs NCLT To Consider Landlord’s Application For Seeking Vacation And Handover Leased Property
The Delhi High Court Directed NCLT to consider the landlord's application for seeking vacation and handover of leased property.The court noted that it has...
Inability To Repay Amounts Due To Banks Can’t Result In Opening Of Lookout Circulars: Delhi High Court
The Delhi High Court ruled that inability to repay amounts due to banks can't result in opening of lookout circulars.The court observed that it...
Shares Misappropriation Case: Karnataka High Court Quashes Petition Of United Spirits
The Karnataka High Court has quashed the petition of United Spirits in shares misappropriation case.FactsThe Petitioner, United Spirits Limited (USL) claims to be a...
Calcutta High Court Constituted Committee To Look Into Claim Raised By Investors Of Company Under IBC; Patna High Court Refuses To Entertain Appeal
The Patna High has held that the Calcutta High Court constituted a committee to look into claims raised by investors of the company under...
IMPACT OF INSOLVENCY AND BANKRUPTCY CODE (IBC) ON MSMEs IN 2026
As India moves into 2026, the Insolvency and Bankruptcy Code (IBC) is entering a decisive phase for Micro, Small and Medium Enterprises (MSMEs). With...
Adjudicating Authority Empowered To Examine Entitlement Of Fee And Expenses: NCLAT
The National Company Law Appellate Tribunal (NCLAT), Delhi, ruled that adjudicating authority is empowered to examine the entitlement of fee and expenses.“Insofar as jurisdiction...
Subsidiary Assets Can’t Be Included In Holding Company’s Resolution Plan Under IBC: Supreme Court
The Supreme Court ruled that the subsidiary assets can't be included in the holding company's resolution plan under Insolvency & Bankruptcy Code (IBC). The Apex...
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