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IBBI announces final panel of Insolvency Professionals for the period of 1 January to 30 June 2023

Feb 16, 2023

Any letter by the CD mentioning dues of loan amount has to be treated as an acknowledgement of dues

Feb 1, 2023

IBBI finalises the panel of Insolvency Professionals for the period of January 1 to June 30, 2023

Jan 10, 2023

IBBI announces provisional list of Insolvency Professionals for appointment as IRP, RP & Liquidator

Jan 10, 2023

e-filing of documents would duly be taken into consideration for the purpose of limitation: Delhi HC

Dec 18, 2022

Kiren Rijiju the Union Law Minister reiterated in Parliament over judges appointments

Dec 15, 2022

HC order to the DRT-"Not to pass any adverse orders in any of the cases" is unsustainable: SC

Dec 14, 2022

Kerala HC stays Centre's Notification on transferring Applications above ₹100 Crores to DRT Chennai

Dec 5, 2022

Bank holidays in December 2022: Full list of days when banks will be closed

Dec 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...

Feb 3, 2021

Privatisation of public sector banks starts, PNB and BOB first ones to be sold

Finance Minister Nirmala Sitharaman announced on Monday that the government will divest its stake in two PSBs, apart from one general...

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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


In the present case, after the Appellants’ conviction, A revision was preferred by them in the High Court It is important to note that during the course of the revision filed by the Appellants, the parties entered into a Memorandum of Understanding to settle the dispute within themselves. Clause 8 of the Memorandum of Understanding stated that the dispute was to be settled amicably, and in the event of the dispute still not being amicably resolved, it must be first referred to a sole Arbitrator.
The Supreme Court noted that as per the terms of the agreement, Respondent No.2 was ...

B.V. Seshaiah v. The State of Telangana and Another

February 1, 2023

REED 2023 SC 02001

In the present case, the learned Trial Court found that the Income Tax Returns of the complainant did not disclose that he lent amount to the accused, and that the declared income was not sufficient to give loan of Rs.3 lakh. Therefore, the case of the complainant that he had given a loan to the accused from his agricultural income was found to be unbelievable by the learned Trial Court. The learned Trial Court found that it was highly doubtful as to whether the complainant had lent an amount of Rs.3 lakh to the accused. The learned Trial Court also found that the complainant ha...

Rajaram s/o Sriramulu Naidu (Since Deceased) Through LRS v. Maruthachalam (Since Deceased) Through LRS

January 18, 2023

REED 2023 SC 01005

Learned counsel appearing on behalf of the petitioner submitted that though the petitioner was one of the signatories to the cheques that were the subject matter of the criminal complaint, at the time when these were signed and issued, the cheques were post post-dated for 30.07.2018 and 30.08.3018, and had been issued on behalf of M/s. Ortel Communication Ltd./respondent No.2, where the petitioner was employed as Chief Technology Officer, at the time of signing of the cheques. Counsel submitted however that the petitioner retired from employment w.e.f. 06.01.2018. The learned co...

Man Mohan Patnaik v. CISCO Systems Capital India Private Limited and Others

December 2, 2022

REED 2022 Del 12006

In the present case the Application was filed to condone delay of 424 days in preferring the Appeal against Order of DRT-I, Chennai.
Main reasons assigned for delay of 424 days can be divided into two parts; first part was prior to COVID-19 pandemic, and second part was after COVID-19 pandemic. From date of receipt of Order to date of filing Appeal, if the period was divided into two parts, roughly 224 days will fall under first category i.e., prior to COVID-19 pandemic, and around 200 days would fall under the second category, i.e. after COVID-19 pandemic. If there was sufficie...

Canara Bank v. Coromandel Indag Products India Limited and Others

October 19, 2022

REED 2022 DRAT Chen 10209


Insolvency and Bankruptcy Board of India

Notification No. IBBI/LIQ/57/2022

December 21, 2022


Insolvency and Bankruptcy Board of India

Circular No. IBBI/IP/55/2022

November 9, 2022


Insolvency and Bankruptcy Board of India

Circular No. IBBI/IPA/54/2022

November 2, 2022


Insolvency and Bankruptcy Board of India

Notification No. IBBI/2022-23/GN/REG101

October 31, 2022



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