SC declined to reconsider its ruling, asserting that one Bench cannot critique another's decision
REEDNews
Latest News on the Banking, Insolvency and Bankruptcy laws



- Nov 3
- 2 min
NCLAT rejects the Appellant's claim in line with a recent SC ruling, adhering to regulatory timeline


- Oct 20
- 2 min
Irrevocable and unconditional Bank Guarantees can be Invoked during the Moratorium under the IBC

- Oct 14
- 2 min
NCLAT Bench Violate a Supreme Court Ruling? Supreme Court Orders Chairperson to Investigate


- Oct 14
- 2 min
The limitation for filing appeals under IBC starts from the date when the court pronounces the order


- Oct 12
- 2 min
Claims & disputes should be raised promptly in commercial transactions to avoid complications: NCLAT


- Sep 30
- 2 min
The NCLAT rejects Corporate Debtor's Recall Application As They Had Been Given Ample Opportunities


- Sep 25
- 2 min
The Asset Reconstruction Company's proceedings against both borrower & guarantor were legally valid


- Sep 22
- 2 min
The Mediation Act 2023 receives the assent of the President


- Sep 14
- 1 min
Employees Provident Fund Organization (EPFO) to comply with the timelines set by the IB Code, 2016


- Sep 13
- 2 min
The liquidator in an insolvency process must provide transparent and well-reasoned decisions


- Sep 10
- 2 min
Breach of a settlement agreement does not render a Section 9 Application for insolvency proceedings


- Aug 28
- 2 min
While Order In REED 2020 SC 10539 Operated As Res Judicata, It Didn't Create A Binding Precedent: SC


- Aug 22
- 2 min
A Resolution Plan Can Include a Clause Extinguishing FC's Security Interest via Personal Guarantees


- Aug 22
- 2 min
Appellants' Invoice Discounting Actions do not Qualify as Financial Debt but Instead Made Them OC


- Aug 19
- 2 min
NCLAT rules that the existence of an Arbitration Clause does not prevent Insolvency Proceedings


- Aug 18
- 2 min
Operational Creditors cannot expect equal treatment as Financial Creditors under the IB Code

- Aug 18
- 1 min
NCLT Implements Major Reshuffle: Judicial Members and Technical Members Reassigned Across Benches


- Aug 15
- 2 min
The Appeal is Dismissed as the Principle of Res Judicata Applied: NCLAT


- Aug 13
- 2 min
The Operational Creditors cannot expect equal treatment as Financial Creditors under the IB Code


- Aug 10
- 2 min
NCLAT Dismisses Appeal Against the Approved Resolution Plan, Affirming Commercial Wisdom of the CoC


- Aug 9
- 3 min
Timely Acknowledgements of Debt Extend the Limitation Period for Initiating Insolvency Proceedings


- Aug 5
- 2 min
Approval of a Resolution Plan does not absolve the personal guarantor of a corporate debtor


- Aug 4
- 2 min
Even though an alternative statutory remedy exists, High Court can still exercise its jurisdiction


- Jul 26
- 2 min
Mere Filing of an Application Under Section 7(1), IBC Does Not Bar the Appointment of an Arbitrator


- Jul 21
- 2 min
Discounts and Adjustments given to Appellant during the look-back period are avoidable transactions


- Jul 20
- 3 min
Electricity Dues Do Not Enjoy Any Specific Priority Under the IBC 2016 During Liquidation


- Jul 13
- 2 min
The Resolution Professional, no longer connected to the case couldn't claim unpaid fees from the CoC


- Jul 12
- 2 min
NCLAT rejects the Appellant's claim as Financial Creditor since partners are listed as shareholders

- Jul 10
- 2 min
NCLT approves the Resolution Plan of Jupiter Wagons Ltd & dismisses the allegation of irregularities


- Jul 8
- 2 min
Prior approval from RBI is not always required for an ARC to participate as Resolution Co-Applicant


- Jul 8
- 2 min
NCLAT directs the inclusion of 100% dues of provident fund and gratuity in the Resolution Plan


- Jul 7
- 2 min
NCLAT finds the alleged disputes raised by the CD are spurious and OC is entitled to initiate CIRP


- Jul 7
- 3 min
NCLAT reverses the order of the liquidation and directed the AA to revive the corporate debtor


- Jul 6
- 2 min
Regulation 39(1A) of CIRP Regulations does not prohibit the CoC from negotiating the Resolution Plan


- Jul 5
- 3 min
The AA Overstepped by Ordering a Revised Resolution Plan After the Challenge Process had Ended


- Jun 17
- 3 min
Jurisdiction of NCLT is limited to matters directly related to the insolvency of a corporate debtor


- Jun 17
- 2 min
Central Govt. notifies exemptions to specific transactions, arrangements & agreements under IBC 2016


- Jun 17
- 2 min
The Insolvency Professionals to Act as IRPs, Liquidators, RPs & BTs (Recommendation) Guidelines 2023


- Jun 15
- 4 min
Despite being Labelled a Willful Defaulter, Corporate Debtor is Eligible to submit a Resolution Plan


- Jun 14
- 2 min
NCLAT Ruling Preserves Creditor Rights: Upholds Pursuit of Fraudulent Transactions in DHFL Case


- Jun 13
- 2 min
An Unsigned Statement of Accounts Attached to an Email Doesn't Constitute a Valid Acknowledgement


- Jun 13
- 2 min
NCLAT Upheld NCLT's Order to Initiate CIRP, Based on Loan Facility Agreements' Governing Law Clauses

- Jun 12
- 2 min
NCLT must admit Section 7 application upon confirming default, regardless of disputes or debt status


- Jun 12
- 2 min
NCLAT Set Asides the NCLT's Rejection of Resolution Plan Based on ARC Involvement and RBI Approval


- Jun 8
- 3 min
Power to Recall a Judgment is Inherent in NCLAT Even Though It Does Not Possess the Power of Review


- Jun 8
- 2 min
IBBI Releases Discussion Paper to Boost Resolution Possibilities and Value under IB Code


- Jun 8
- 2 min
The IBBI Seeks Simplification of Enrolment and Registration Process for Insolvency Profession

- Jun 3
- 4 min
'Audi Alteram Partem' in Banking Law Ensures Fairness in Account Classification as Fraud: SC


- May 30
- 1 min
Secured Creditors' Right to Realise Secured Debts have Priority over Other Debts & Government Dues


- Sep 22
- 2 min
The Mediation Act 2023 receives the assent of the President


- Aug 4
- 2 min
Even though an alternative statutory remedy exists, High Court can still exercise its jurisdiction


- Jul 21
- 2 min
Amount Claimed in the Demand Notice Under SARFAESI Act is relevant for determining the pre-deposit


- Jun 11
- 3 min
If the SARFAESI Auction Sale is Not Confirmed, the Forfeiture of the Advance Amount is Not Valid


- Jun 6
- 3 min
High Court Prohibits Banks & FIs From Forcefully Seizing Vehicles Without Following Legal Procedures


- Jun 6
- 2 min
The auction purchaser is responsible for settling the electricity dues of the previous owner: All HC

- Jun 3
- 4 min
'Audi Alteram Partem' in Banking Law Ensures Fairness in Account Classification as Fraud: SC


- Jun 3
- 2 min
DRT Order Is Set Aside As No violation of Rule 8(6) & 9(1) Security Interest (E) Rules is discovered


- Jun 2
- 1 min
Secured Creditor fails to produce evidence of compliance with Security Interest (E) Rules 8(6), 9(1)

- Jun 1
- 3 min
SC Rules Auction Proceedings Conducted by Secured Creditor as Invalid and Orders For a Fresh Auction


- May 31
- 2 min
SARFAESI Act: A Tenant under a registered lease, cannot be dispossessed by the Bank/Secured Creditor


- May 31
- 2 min
Petitioner's challenge to the order passed under Section 14 of the SARFAESI Act is not maintainable


- May 31
- 2 min
RDB Act S.21: Complete Waiver of Pre-Deposit without sufficient reason must be quashed and set aside

- May 30
- 2 min
High Courts Should Refrain From Interfering in Commercial Matters Governed by the SARFAESI Act: SC


- May 30
- 1 min
Secured Creditors' Right to Realise Secured Debts have Priority over Other Debts & Government Dues


- May 29
- 1 min
Granting the benefit of One Time Settlement scheme should be left to the commercial wisdom of bank


- May 28
- 1 min
Plaintiff's Attempt to File a Civil Suit to Defeat the Proceeding under SARFAESI Act Not Permissible


- May 28
- 1 min
Appellant as a purchaser had the right to redeem the mortgage and retrieve title deeds from the bank


- May 27
- 2 min
Declaring the accounts as NPA is unreasonable and in violation of RBI Circulars with statutory force


- May 27
- 3 min
Sale proceeds from the auction of secured assets cannot be used for Pre-deposit purposes


- May 26
- 2 min
Provisions of SARFAESI Act bar the jurisdiction of civil court except in cases where claim is absurd


- May 25
- 1 min
Dismissal of Application under Section 17 of SARFAESI Act at the Preliminary Stage is unjustified


- May 25
- 2 min
It is necessary to exhaust the statutory remedy at the DRT before filing a writ petition in the HC

