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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
General WhatsApp Message Cannot Constitute Pre-Existing Dispute to Defeat Section 9 IBC Petition: NCLAT
NCLAT held that a general WhatsApp message lacking specificity cannot constitute a pre-existing dispute sufficient to defeat a petition...
Jul 8, 20254 min read
Dishonour of Cheques During CIRP and Liquidation Not Attributable to Former Directors: Bombay High Court Quashes Criminal Proceedings
Bombay High Court held that dishonour of cheques during the Corporate Insolvency Resolution Process and liquidation cannot be attributed...
Jul 7, 20253 min read
Insolvency and Bankruptcy Code Cannot Override PMLA; ED’s Asset Attachment to Remain, Rules NCLAT
The National Company Law Appellate Tribunal (NCLAT) has ruled that the Insolvency and Bankruptcy Code (IBC) cannot override the...
Jul 7, 20254 min read
SC Seeks Immediate Repossession of CJI Bungalow from Justice Chandrachud After Extended Stay Beyond Permissible Limit
Supreme Court asks Centre to reclaim official CJI residence from Justice D.Y. Chandrachud, citing overstay beyond permitted...
Jul 6, 20252 min read
SC Declines to Quash FIR Against HDFC Bank CEO: Lilavati Trust Alleges Bribery and Fraud in Governance Dispute
SC refuses to quash FIR against HDFC Bank CEO in Lilavati Trust bribery case, citing upcoming July 14 hearing before Bombay High Court....
Jul 5, 20253 min read
RBI Bans Pre-Payment Charges for MSEs and Individuals on Floating Rate Loans: A Major Push Towards Fair Lending and Borrower Mobility
In a major reform, the RBI eliminates pre-payment penalties on select floating rate loans for individuals and MSEs, empowering borrowers...
Jul 5, 20252 min read
RBI’s Deputy Governor Pushes for Real-Time Credit Reporting and Standardised Borrower IDs to Deepen Trust and Democratise Credit Access
RBI Deputy Governor M. Rajeshwar Rao urged Credit Information Companies to adopt real-time credit data reporting and implement...
Jul 4, 20252 min read
NCLAT Holds Discretion Under Section 7 Not Permissible Once Debt and Default Are Established; Sets Aside Rejection Based on Misapplication of Vidarbha
The NCLAT held that discretion under Section 7 of the IBC is not permissible once debt and default are established, and accordingly set...
Jul 3, 20254 min read
NCLAT Invokes Inherent Jurisdiction to Set Aside CIRP Admission Without Requiring Section 12A Withdrawal in Absence of Other Claims
The National Company Law Appellate Tribunal (NCLAT) invoked its inherent jurisdiction to set aside the admission of the Corporate...
Jul 3, 20253 min read
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