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Applications Against Personal Guarantors Must be Filed Before the Same NCLT Bench Where CIRP Against the Corporate Debtor are Pending
NCLAT held that the applications against personal guarantors must be filed before the same NCLT Bench where insolvency proceedings...
May 11, 20242 min read


Valuation Expedition: Navigating Insights and Strategies
In the heart of the picturesque Kashmir Valley, amidst the majestic Himalayas, a unique event unfolded, blending professional enrichment...
May 10, 20242 min read


IBBI mandates the uploading of judicial orders related to insolvency proceedings by Insolvency Professionals (IPs)
Insolvency and Bankruptcy Board of India (IBBI) mandates the uploading of judicial orders related to insolvency proceedings by Insolvency...
May 10, 20241 min read


High Court upholds the lenders' right to transfer assets without borrower consent
The Madras High Court upholds the lenders' right to transfer assets without borrower consent. The Single-Judge Bench of Justice M....
May 10, 20242 min read


Approval of a Resolution Plan Does Not Discharge Personal Guarantors' Liabilities
NCLAT held that the approval of a Resolution Plan does not discharge personal guarantors' liabilities. The National Company Law Appellate...
May 9, 20242 min read


Need for a transparent mechanism to prevent misuse of penal measures outlined in the Master Circular against wilful defaulters
Delhi High Court observed the need for a transparent mechanism to prevent misuse of penal measures outlined in the Master Circular...
May 9, 20243 min read


Section 66 of the IBC applies to any party involved in fraudulent transactions, irrespective of their relationship with the debtor
NCLAT held that Section 66 of the IBC applies to any party involved in fraudulent transactions, irrespective of their relationship with...
May 8, 20242 min read


Once the Erstwhile Resolution Professional was replaced, they lacked standing to challenge decisions made by the New Resolution Professional during the CIRP
NCLAT held that once the Erstwhile Resolution Professional was replaced, they lacked standing to challenge decisions made by the New...
May 7, 20242 min read


The effect of the moratorium under the IBC is confined only to the debtor company; promoters/directors will be personally liable and be prosecuted for their fraudulent actions
Allahabad High Court held the effect of the moratorium under the IB code is confined only to the debtor company, promoters/directors will...
May 7, 20243 min read


Limitation period for filing the Appeal commences from the date of pronouncement of the Order, Not from the date of receipt or uploading of the order
The NCLAT ruled that the limitation period for filing the Appeal commences from the date of pronouncement of the order, not from the date...
May 6, 20242 min read
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