Madras High Court directs Indian Bank to return Rs. 55 Crore to Chennai Port Trust
The Madras High Court has directed Indian Bank, to return to the Chennai Port Trust (ChPT) Rs. 55.19 crore, the balance of the Rs. 100.57...
Search
- Aug 23, 2021
- 1 min
Insolvency & Bankruptcy Board of India request for proposal for the appointment of Internal Auditor
The Insolvency and Bankruptcy Board of India (IBBI) with its Head Office located on 7th Floor, Mayur Bhawan, Shankar Market, Connaught...
- Jul 5, 2021
- 2 min
Borrower has remedy u/s 17 SARFAESI Act to file an appeal against action taken by secured creditor
A Division Bench of the Gauhati High Court Chief Justice Sudhanshu Dhulia and Manash Ranjan Pathak, J. in the case of Kakoti Engineering...
- Jun 24, 2021
- 3 min
SC upholds Centre’s Notification enforcing IBC provisions to the insolvency of personal guarantors
A Division Bench of the Hon’ble Supreme Court comprising Justices L. Nageswara Rao and S. Ravindra Bhat in Lalit Kumar Jain v. Union of...
- Jun 21, 2021
- 8 min
Moratorium under IBC: Its effect on parallel proceedings
The moratorium under the Insolvency and Bankruptcy Code, 2016 (IBC) means a period wherein no judicial proceedings for recovery,...
- Jun 20, 2021
- 1 min
REEDLAW IBC Newsletter | 14 - 20 June 2021
IBC Newsletter is an initiative by REEDLAW to provide the latest weekly updates on Insolvency, Bankruptcy and Banking laws to its readers.
- Jun 15, 2021
- 5 min
Cryptocurrency: An Investment - Unstable, but Rewarding?
With the industrialization and increased use of technology, digital currencies are gaining an upper hand in comparison to the others. An...
- Jun 14, 2021
- 4 min
SC rules Moratorium u/s 14 of IBC covers proceedings initiated against corporate debtor u/s NI Act
A Full Bench of the Hon’ble Supreme Court comprising Justices R.F. Nariman, Navin Sinha, and K.M. Joseph, held that proceeding under...
- Jun 9, 2021
- 4 min
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 8, 2021
- 3 min
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...