Time limit or completing CIRP may be extended beyond 330 days only in exceptional circumstances
The National Company Law Appellate Tribunal, Chennai in the matter of Mr. Ravi Sankar Deverakonda v. Committee of Creditors of Meenakshi...
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Jun 2, 20215 min read
Supreme Court elucidates on invoking Arbitration Agreements in unstamped documents
A Full Bench of the Hon’ble Supreme Court comprising Justices Dr. Dhananjaya Y. Chandrachud, Indu Malhotra, and Indira Banerjee in the...
Jun 2, 20218 min read
Insolvency Professionals to act as IRPs, Liquidators, RPs & BTs (Recommendation) Guidelines, 2021
The Insolvency and Bankruptcy Board of India (IBBI) releases the "Insolvency Professionals to act as Interim Resolution Professionals,...
Jun 1, 20213 min read
NCLT has jurisdiction to determine amount payable to the valuer as an intrinsic part of CIRP costs
A Division Bench of the Hon’ble Supreme Court comprising Justices Dr. Dhananjaya Y. Chandrachud and M.R. Shah in the matter titled Alok...
May 31, 20214 min read
Supreme Court rules that dispute become non-arbitrable once application u/s 7 of IBC is admitted
A Full Bench of the Hon’ble Supreme Court comprising Justices S.A. Bobde, A.S. Bopanna, and V. Ramasubramanian in the matter of Indus...
May 31, 20212 min read
Corporate debt is almost unaffected in the second wave of Covid-19: Bank of Baroda
The country’s second-largest bank - the Bank of Baroda (BoB) can trust and will depend on the strength of corporate debt to overcome the...
May 29, 20212 min read
SC allows section 9 application in light of acknowledgement of liability by the corporate debtor
A Full Bench of the Hon’ble Supreme Court in the matter of N. Subramanian v. M/s Aruna Hotels Ltd. & Another, REED 2021 SC 03547 owing to...
May 29, 20213 min read
SC dismisses the application, sought to recall its judgment directing RBI to issue defaulter list
A Division Bench of the Hon’ble Supreme Court comprising Justices L. Nageswara Rao and Vineet Sareen in the matter of Reserve Bank of...
May 28, 20214 min read
SC rules that section 14 of Limitations Act is applicable to the proceedings u/s 7 or 9 of IBC
A Division Bench of the Hon’ble Supreme Court comprising of Justices Indira Banerjee and Hemant Gupta in the case of Sesh Nath Singh &...
May 27, 20212 min read
Opportunity of hearing is a fundamental right that cannot be denied due to Covid-19 pandemic
A Division Bench of the Bombay High Court comprising of Justices Sunil B. Shukre and Avinash G. Gharote in the case of Shri Jaidev...
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