IBBI with IIM Bangalore organises 2nd International Research Conference on Insolvency and Bankruptcy

Aug 10, 2022

SC: The documents can be filed at any time until the application for CIRP is finally dismissed

Aug 9, 2022

The Insolvency & Bankruptcy Board invites applications for the post of Whole Time Member in the IBBI

Aug 6, 2022

A duly audited Balance Sheet will act as an acknowledgement of debt

Aug 6, 2022

The right to cross-examine the respondent-complainant cannot be denied to the appellant under NI Act

Aug 5, 2022

Application u/s 7 IBC would not be barred if there is a valid acknowledgement of the debt by the CD

Aug 4, 2022

Every person connected with the company does not fall within the ambit of Section 141 of the NI Act

Aug 3, 2022

Addnl. Distt. Magistrate/Addnl.Chief Metropolitan Magistrate can exercise powers u/s 14 SARFAESI Act

Aug 2, 2022

MCA is inviting Applications for the posts of Judicial Members and Technical Members in the NCLTs

Aug 1, 2022


Sep 4, 2021

Supreme Court to Canara Bank: Go after big fish if concerned about NPAs

The Supreme Court remarked on Tuesday that instead of pursuing tiny loans of a few thousand rupees, public sector banks should...

Dec 22, 2020

Govt. extends suspension of IBC till March 2021

The suspension of Insolvency and Bankruptcy Code, 2016 (IBC) has been extended for another three months. Finance Minister Nirmala...

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Aug 27, 2021

Irretrievable prejudice would be done if bank guarantee is allowed to be encashed

A Bank Guarantee (BG) is a common method of securing payment of money in commercial transactions because the beneficiary is entitled to receive the entire amount under th...


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Aug 17, 2021

Strengthening rights of banks as secured creditors

A secured creditor is defined as a creditor in whose favour a security interest is created under section 3(30) of the IBC. Under section 3(31) of the Code, the phrase "Se...


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Aug 22, 2021

Can the bank take borrower’s assets if it has defaulted on a personal loan?

What happens if a borrower fails to repay a personal loan? In the case of a secured loan, such as a home or vehicle loan, the lender has the right to seize the collateral...


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Jul 29, 2021

Comprehensive understanding of 'shell companies'

Shell corporations or Shell companies are entities that do not have active business operations but are set up to achieve specific business goals such as lowering tax liab...



Supreme Court

High Court


The supreme Court observed that the Single Bench of the High Court rightly granted relief to the Respondent. By the impugned judgment and order, the Division Bench of the High Court dismissed the Appeal of the Appellants and directed that the Respondent would have to be treated in service from the date of removal till the date of actual reinstatement in service and would accordingly, be entitled to seniority and the right to be considered for promotion, but would not be entitled to back wages.
The Bench found no infirmity with the concurrent findings of the Single Bench and the ...

Central Bank of India and Others v. Dragendra Singh Jadon

August 1, 2022

REED 2022 SC 08003

After empowering the Court to pass an order directing the accused to pay interim compensation under Sub-Section 1 of Section 143A, Sub-Section 2 then mandates that such interim compensation should not exceed 20 per cent of the amount of the cheque. The period within which the interim compensation must be paid is stipulated in Sub-Section 3, while Sub-Section 4 deals with situations where the drawer of the cheque is acquitted. Said Sub-Section 4 contemplates repayment of interim compensation along with interest as stipulated. Sub-Section 5 of said Section 143A then states “the in...

Noor Mohammed v. Khurram Pasha

August 1, 2022

REED 2022 SC 08002

Relevant Clauses of the Circular No.7296 on Promotion Policy makes it clear that Law Officers of the Transferor Banks, who were already Generalist Officers in Scale IV, prior to the Scheme, cannot be considered as Specialist Officers after the Scheme. The petitioners, who were Generalist Officers working in the specialist segment cannot automatically claim that they should be treated as Specialist Officers and any such conversion would be subject to the promotion policy of the Union Bank of India.
Admittedly, in the case on hand, the petitioner had not challenged the validity of...

All India Union Bank Officer Staff Association and Others v. Government of India and Another

April 28, 2022

REED 2022 Mad 04004

Since Respondent Bank had recovered the alleged dues by sale of the secured assets and nothing was due and payable. In view of the submission made by the Counsel for the parties, Appellant was permitted to withdraw the appeal....

Sanjay Kumar Agarwal v. ICICI Bank Limited & Another

March 29, 2022

REED 2022 DRAT Kol 03202


Ministry of Corporate Affairs

Notification No. G.S.R. 153(E)

February 8, 2018


Ministry of Corporate Affairs

Notification No. G.S.R. 831(E)

August 28, 2016


Ministry of Corporate Affairs

Notification No. S.O. 3212(E)

July 13, 2022


Insolvency and Bankruptcy Board of India

Notification No. IBBI/2022-23/GN/REG090

July 5, 2022



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