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NCLAT Rejects Conditional Withdrawal of Appeal Citing Finality of Supreme Court-Confirmed Property Sale
The NCLAT rejected the conditional withdrawal of the appeal, citing the finality of the property sale as confirmed by the Supreme Court....
14 hours ago3 min read
Supreme Court: Developer Not Liable for Home Loan Interest Due to Delay in Flat Delivery, Absent Exceptional Circumstances
The Supreme Court held that a developer is not liable to reimburse the interest paid by a homebuyer on a home loan due to a delay in flat...
18 hours ago3 min read
Suspension of Insolvency Professional’s AFA Doesn’t Affect Ongoing Assignments: Delhi High Court
Delhi High Court held that the suspension of an Insolvency Professional’s Authorisation for Assignment (AFA) does not affect ongoing...
2 days ago2 min read
Pre-Existing Dispute over Legal Fees Bars CIRP: NCLAT Affirms Dismissal of Section 9 Petition by Senior Advocate for Non-Payment of Professional Services
NCLAT held that the existence of a pre-existing dispute precluded the initiation of CIRP and accordingly upheld the dismissal of the...
2 days ago3 min read
NCLAT Chennai Dismisses Byju’s Appeal Against NCLT’s Interim Order in Aakash Shareholding Dispute
The National Company Law Appellate Tribunal (NCLAT), Chennai, dismissed Byju’s appeal challenging the interim order passed by the NCLT in...
3 days ago3 min read
Loan Settled, Yet Gold Revalued and Auctioned — Supreme Court Restores FIR Alleging Fraud by Bank Officials
The Supreme Court held that once the loan was settled, the subsequent revaluation and auction of the pledged gold raised serious doubts,...
3 days ago3 min read
High Court Recalls Direction to Pay Interest on Auction Deposit Upon Disclosure of Suppressed Facts; Holds Remedy Lies Before DRT
The High Court recalled its earlier direction to pay interest on the auction deposit upon discovering that material facts had been...
4 days ago2 min read
NCLAT Sets Aside Adverse Observations Against Resolution Professional Misattributed from CoC Member’s Submissions
The NCLAT set aside the adverse observations made against the Resolution Professional, holding that they were incorrectly based on...
4 days ago3 min read
NCLAT Sets Aside NCLT Order and Restores Section 95 IBC Application Applying Supreme Court’s COVID-19 Limitation Exclusion
The NCLAT set aside the NCLT order and restored the Section 95 IBC application by applying the Supreme Court’s COVID-19 limitation...
5 days ago2 min read
Supreme Court Affirms Compliance of Resolution Plan with IBC – Declines Interference in Approved Judgment
The Supreme Court affirmed that the approved resolution plan was in compliance with the provisions of the Insolvency and Bankruptcy Code,...
5 days ago2 min read
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