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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 13, 20253 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 13, 20253 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 12, 20253 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 11, 20253 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 11, 20253 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 11, 20253 min read


Adverse CIBIL Report Valid Ground to Cancel Bank Appointment, Holds Madras High Court
The Madras High Court held that an adverse CIBIL report and a poor history of loan repayment constitute valid grounds for cancellation of...
Jul 11, 20253 min read


Ratified IRP Fee Binding on CoC: NCLAT Affirms ₹9 Lakh Payment to Interim Resolution Professional (IRP)
NCLAT held that the ratified fee of ₹9 lakh for the Interim Resolution Professional (IRP) is binding on the Committee of Creditors (CoC)...
Jul 11, 20253 min read


Bank Cannot Insist on Aadhaar for Opening Account Post-Puttaswamy Verdict: Bombay High Court Awards ₹50K Compensation
The Bombay High Court held that a bank cannot insist on an Aadhaar card for opening an account after the Supreme Court’s verdict in...
Jul 9, 20253 min read


District Magistrate Can Re-Entertain Fresh Section 14 SARFAESI Plea When Possession Is Lost Due to Illegal Trespass: Allahabad High Court
Allahabad High Court held that the District Magistrate can re-entertain a fresh application under Section 14 of the SARFAESI Act when...
Jul 9, 20252 min read
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