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NCLAT Declines Appeal, Awaits Third Member’s Opinion on Admission of Personal Guarantors Under Section 419(5), Companies Act
The National Company Law Appellate Tribunal (NCLAT) declined to entertain the appeal, observing that the matter concerning the admission...
Jul 153 min read


“Go to RBI”: Supreme Court Declines PIL Seeking Probe into Fraudulent Loan Transactions
The Supreme Court declined to entertain the public interest litigation seeking a probe into fraudulent loan transactions, directing the...
Jul 152 min read


Madras High Court Holds NCLT Bound to Appoint IRP Proposed by Corporate Debtor Under IBC
The Madras High Court held that the NCLT is bound to appoint the Interim Resolution Professional (IRP) as proposed by the Corporate...
Jul 143 min read


Secured Creditor Bound to Contribute Towards Workmen’s Dues Under SARFAESI Act; No Liability for Liquidation Costs Under IBC
NCLAT held that a secured creditor who realises its security interest under the SARFAESI Act is bound to contribute proportionately...
Jul 143 min read


Bombay HC: No NI Act Liability for Ex-Directors When Cheques Dishonoured During IBC Moratorium and Liquidation
The Bombay High Court held that no liability under the Negotiable Instruments Act can be imposed on former directors for dishonour of...
Jul 133 min read


Fresh Section 7 IBC Application Maintainable on Post-Restructuring Default Despite Prior Default Falling Within Section 10A: NCLAT
NCLAT held that a fresh application under Section 7 of the IBC is maintainable on account of a default committed under restructured...
Jul 133 min read


High Court Upholds Bank’s First Charge Over Hypothecated Goods Despite Dealership Dispute and Ownership Claims by Supplier
The Delhi High Court upheld the bank’s first charge over hypothecated goods, rejecting the supplier’s ownership claims and...
Jul 123 min read


Parliamentary Panel Recommends Dedicated NCLT and NCLAT Benches to Expedite IBC Cases
Shri Bhartruhari Mahtab, Chairperson of the Parliamentary Standing Committee on Finance, is leading the push for dedicated NCLT and NCLAT...
Jul 113 min read


CIRP Admission Set Aside as Operational Creditor Suppressed Payments and Failed to Meet ₹1 Crore Threshold: NCLAT
NCLAT set aside the admission of CIRP against the Corporate Debtor, holding that the Operational Creditor had suppressed material...
Jul 113 min read


DRT Cannot Deny Joint Applications Under SARFAESI Act: High Court Affirms Tenants' Right to Collective Redressal
The Kerala High Court held that the Debts Recovery Tribunal cannot deny joint applications filed under the SARFAESI Act, affirming that...
Jul 113 min read
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