REEDNews

SC declined to reconsider its ruling, asserting that one Bench cannot critique another's decision

NCLAT rejects the Appellant's claim in line with a recent SC ruling, adhering to regulatory timeline

Irrevocable and unconditional Bank Guarantees can be Invoked during the Moratorium under the IBC

NCLAT Bench Violate a Supreme Court Ruling? Supreme Court Orders Chairperson to Investigate

The limitation for filing appeals under IBC starts from the date when the court pronounces the order

Claims & disputes should be raised promptly in commercial transactions to avoid complications: NCLAT

The NCLAT rejects Corporate Debtor's Recall Application As They Had Been Given Ample Opportunities

The Asset Reconstruction Company's proceedings against both borrower & guarantor were legally valid

The Mediation Act 2023 receives the assent of the President

Employees Provident Fund Organization (EPFO) to comply with the timelines set by the IB Code, 2016

The liquidator in an insolvency process must provide transparent and well-reasoned decisions

Breach of a settlement agreement does not render a Section 9 Application for insolvency proceedings

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

A Resolution Plan Can Include a Clause Extinguishing FC's Security Interest via Personal Guarantees

Appellants' Invoice Discounting Actions do not Qualify as Financial Debt but Instead Made Them OC

NCLAT rules that the existence of an Arbitration Clause does not prevent Insolvency Proceedings

Operational Creditors cannot expect equal treatment as Financial Creditors under the IB Code

NCLT Implements Major Reshuffle: Judicial Members and Technical Members Reassigned Across Benches

The Appeal is Dismissed as the Principle of Res Judicata Applied: NCLAT

The Operational Creditors cannot expect equal treatment as Financial Creditors under the IB Code

NCLAT Dismisses Appeal Against the Approved Resolution Plan, Affirming Commercial Wisdom of the CoC

Timely Acknowledgements of Debt Extend the Limitation Period for Initiating Insolvency Proceedings

Approval of a Resolution Plan does not absolve the personal guarantor of a corporate debtor

Even though an alternative statutory remedy exists, High Court can still exercise its jurisdiction

Mere Filing of an Application Under Section 7(1), IBC Does Not Bar the Appointment of an Arbitrator

Discounts and Adjustments given to Appellant during the look-back period are avoidable transactions

Electricity Dues Do Not Enjoy Any Specific Priority Under the IBC 2016 During Liquidation

The Resolution Professional, no longer connected to the case couldn't claim unpaid fees from the CoC

NCLAT rejects the Appellant's claim as Financial Creditor since partners are listed as shareholders

NCLT approves the Resolution Plan of Jupiter Wagons Ltd & dismisses the allegation of irregularities

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

NCLAT directs the inclusion of 100% dues of provident fund and gratuity in the Resolution Plan

NCLAT finds the alleged disputes raised by the CD are spurious and OC is entitled to initiate CIRP

NCLAT reverses the order of the liquidation and directed the AA to revive the corporate debtor

Regulation 39(1A) of CIRP Regulations does not prohibit the CoC from negotiating the Resolution Plan

The AA Overstepped by Ordering a Revised Resolution Plan After the Challenge Process had Ended

Jurisdiction of NCLT is limited to matters directly related to the insolvency of a corporate debtor

Central Govt. notifies exemptions to specific transactions, arrangements & agreements under IBC 2016

The Insolvency Professionals to Act as IRPs, Liquidators, RPs & BTs (Recommendation) Guidelines 2023

Despite being Labelled a Willful Defaulter, Corporate Debtor is Eligible to submit a Resolution Plan

NCLAT Ruling Preserves Creditor Rights: Upholds Pursuit of Fraudulent Transactions in DHFL Case

An Unsigned Statement of Accounts Attached to an Email Doesn't Constitute a Valid Acknowledgement

NCLAT Upheld NCLT's Order to Initiate CIRP, Based on Loan Facility Agreements' Governing Law Clauses

NCLT must admit Section 7 application upon confirming default, regardless of disputes or debt status

NCLAT Set Asides the NCLT's Rejection of Resolution Plan Based on ARC Involvement and RBI Approval

Power to Recall a Judgment is Inherent in NCLAT Even Though It Does Not Possess the Power of Review

IBBI Releases Discussion Paper to Boost Resolution Possibilities and Value under IB Code

The IBBI Seeks Simplification of Enrolment and Registration Process for Insolvency Profession

'Audi Alteram Partem' in Banking Law Ensures Fairness in Account Classification as Fraud: SC

Secured Creditors' Right to Realise Secured Debts have Priority over Other Debts & Government Dues