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NCLAT 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 12, 20213 min read
Application to recover claim not forming part of Approved Resolution Plan cannot be admitted: NCLAT
The Hon’ble National Company Law Appellate Tribunal, Chennai (NCLAT) in the matter of C. Somaiah Nadar v. P dot G Constructions Private...
Jun 11, 20212 min read
Section 53(1)(E) of the IBC shall have an overriding effect over section 194-IA of Income Tax Act
The 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 min read
Decisions of CoC constituted in violation of IBC cannot be validated on pretext of commercial wisdom
The Hon’ble National Company Law Appellate Tribunal (NCLAT), New Delhi in the matter of Jayanta Banerjee v. Shashi Agarwal Liquidator of...
Jun 10, 20214 min read
DRT cannot adjudicate civil rights claimed vis-a-vis security rights outside S.13&17 of SARFAESI Act
A Division Bench of the Hon’ble Bombay High Court (Nagpur Bench) comprising Justices Sunil B. Shukre and Avinash G. Gharote in the matter...
Jun 9, 20214 min read
Supreme 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...
Jun 8, 20213 min read
Advance received by Corporate Debtor for supply of goods during CIRP is to be treated as CIRP cost
The Hon’ble National Company Law Appellate Tribunal, New Delhi in the matter of Tuf Metallurgical Private Limited v. Impex Metal & Ferro...
Jun 8, 20214 min read
Supreme Court denies back-door entry of defaulting promoters in CIRP under section 29A of IBC
A Division Bench of the Hon’ble Supreme Court comprising Justices Dr. Dhananjaya Y. Chandrachud and M. R. Shah in the case of Arun Kumar...
Jun 7, 20215 min read
Co-operative Societies engaged in providing credit, whether entitled to deductions under IT Act?
A Full Bench of the Hon’ble Supreme Court comprising Justices J. R.F. Nariman, Navin Sinha, and K.M. Joseph in the matter of The Mavilayi...
Jun 6, 20215 min read
Auction purchaser liable to discharge outstanding statutory dues on a property under SARFAESI Act
A Division Bench of the Bombay High Court comprising Justices Sunil B. Shukre and Avinash G. Gharote in the matter of Medineutrina Pvt....
Jun 5, 20213 min read
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