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Admission of Section 95 IBC Application Against Personal Guarantors Upheld: NCLAT Clarifies RP’s Role on ECLGS Objections
NCLAT upheld the admission of a Section 95 IBC application against personal guarantors and clarified that objections related to ECLGS must be resolved by the Resolution Professional during the repayment plan formulation process.
Aug 43 min read
Supreme Court Upholds NCLAT Ruling: Invalid Share Transfers and Fabricated Resignations Amount to Oppression and Mismanagement
The Supreme Court held that fabricated resignations and questionable share transfers cannot oust rightful shareholders. Upholding NCLAT’s order, it ruled such acts constitute oppression and mismanagement, affirming the importance of continuous cause of action in such disputes.
Aug 33 min read
Extension of Time for Section 230 Scheme Not Barred by Law: NCLAT Holds Regulation 2B as Directory to Promote Revival Over Liquidation
NCLAT held that Regulation 2B’s 90-day limit under the Liquidation Regulations is directory, allowing extension of Section 230 schemes if revival is feasible and CoC-supported.
Aug 34 min read
Supreme Court Clarifies Territorial Jurisdiction under NI Act: Complaint Maintainable Where Payee Holds Bank Account
REEDLAW Legal News Network | 2 August 2025 | Case Citation - REEDLAW 2025 SC 07014 REEDLAW Legal News Network reports that the...
Aug 23 min read
NCLAT New Delhi: Resolution Plan Cannot Be Rejected for CIRP Cost Structuring if Statutory Safeguards Are Ensured and CoC Approval Exists
REEDLAW Legal News Network | 2 August 2025 | Case Citation - REEDLAW 2025 NCLAT Del 07636 REEDLAW Legal News Network reports that...
Aug 23 min read
Ministry of Finance Invites Applications for Chairperson, DRAT Delhi: Eligibility, Tenure, and Selection Guidelines Notified
REEDLAW Legal News Network | 1 August 2025 | 🔗 Find Shareable Link at the End REEDLAW Legal News Network reports that the Ministry...
Aug 12 min read
Stamp Duty Not Payable on Auction Sale Certificate Merely Filed Under Section 89(4) of Registration Act, Holds Kerala High Court
REEDLAW Legal News Network | 1 August 2025 | Case Citation - REEDLAW 2025 Ker 07227 REEDLAW Legal News Network reports that the...
Aug 13 min read
Creditor’s Name Not Essential in Balance Sheet for Valid Acknowledgement: Supreme Court Upholds IL&FS IBC Plea as Within Limitation
REEDLAW Legal News Network | 1 August 2025 | Case Citation - REEDLAW 2025 SC 07632 REEDLAW Legal News Network reports that the...
Aug 14 min read
NCLAT Validates CoC's Decision to Refund AGI Greenpac’s PBG After Supreme Court Voids Resolution Plan for CCI Non-Compliance
REEDLAW Legal News Network | 1 August 2025 | Case Citation - REEDLAW 2025 NCLAT Del 07625 REEDLAW Legal News Network reports that...
Aug 14 min read
DRAT Upholds SARFAESI Action as Unregistered Documents like Agreement to Sell, Will, GPA Cannot Override Prior Registered Mortgage
REEDLAW Legal News Network | 31 July 2025 | Case Citation - REEDLAW 2025 DRAT Del 07225 REEDLAW Legal News Network reports that the...
Jul 313 min read
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