Jun 12, 20213 minNCLAT rejects application seeking admission of claim as the debt didn’t qualify as 'financial debt' The Hon’ble National Company Law Appellate Tribunal, New Delhi dismissed an application filed by a Financial Creditor for admission of...
Jun 11, 20212 minApplication to recover claim not forming part of Approved Resolution Plan cannot be admitted: NCLATThe Hon’ble National Company Law Appellate Tribunal, Chennai (NCLAT) in the matter of C. Somaiah Nadar v. P dot G Constructions Private...
Jun 10, 20214 minSection 53(1)(E) of the IBC shall have an overriding effect over section 194-IA of Income Tax ActThe Hon’ble National Company Law Appellate Tribunal, New Delhi in the matter of Om Prakash Agrawal v. Chief Commissioner of Income Tax...
Jun 10, 20214 minDecisions of CoC constituted in violation of IBC cannot be validated on pretext of commercial wisdomThe Hon’ble National Company Law Appellate Tribunal (NCLAT), New Delhi in the matter of Jayanta Banerjee v. Shashi Agarwal Liquidator of...
Jun 9, 20214 minDRT cannot adjudicate civil rights claimed vis-a-vis security rights outside S.13&17 of SARFAESI ActA Division Bench of the Hon’ble Bombay High Court (Nagpur Bench) comprising Justices Sunil B. Shukre and Avinash G. Gharote in the matter...
Jun 8, 20213 minSupreme Court elucidates on freezing of bank accounts under Prevention of Money Laundering Act 2002 A Full Bench of the Hon’ble Supreme Court comprising Justices S. A. Bobde, A. S. Bopanna and V. Ramasubramanian in the case of OPTO...