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NCLAT Upholds Reversal of Preferential Transactions Made by Suspended Directors During CIRP Look-Back Period
The NCLAT upheld the reversal of preferential transactions made by the suspended directors during the CIRP look-back period. The National...
Jun 183 min read


Secured Creditors’ Priority Upheld: Gujarat High Court Rules Crown Debts Subordinate to SARFAESI Charge in Mutation Disputes
The Gujarat High Court upheld the priority of secured creditors under the SARFAESI Act, ruling that Crown debts are subordinate and...
Jun 184 min read


Belated Claims Post-Resolution Plan Approval Not Maintainable: NCLAT Reiterates Finality of CIRP Under IBC
NCLAT held that belated claims filed after the approval of the resolution plan are not maintainable, reiterating the finality of the...
Jun 163 min read


NCLAT Rules Promoters Not Liable Under Section 65 IBC Without Direct Role in Fraudulent Initiation of CIRP
The NCLAT ruled that promoters cannot be held liable under Section 65 of the IBC unless they had a direct role in the fraudulent...
Jun 163 min read


NCLAT Denies Post-Argument Filing of Reply; Upholds Finality of Tribunal Proceedings
The NCLAT denied the filing of a reply after conclusion of arguments and upheld the finality of proceedings before the Tribunal. On 2...
Jun 153 min read


Mere Professional Engagement by Party’s Law Firm Does Not Disqualify Arbitrator Under Schedule VII: High Court
The High Court held that mere professional engagement of the arbitrator by the party’s law firm does not amount to disqualification under...
Jun 153 min read


NCLAT Dismisses Time-Barred Appeal Under IBC Section 61 as per Supreme Court Verdict on Non-Extendable Limitation
The NCLAT dismissed a time-barred appeal filed under Section 61 of the Insolvency and Bankruptcy Code, holding that the limitation period...
Jun 143 min read


NCLAT Grants Conditional Relief from CIRP Based on Undertaking to Settle Debt Within One Month
The NCLAT granted conditional relief from the Corporate Insolvency Resolution Process (CIRP) to the appellant, based on an undertaking to...
Jun 143 min read


High Court Slams Bank’s Arbitrary Reversal of Auction Sale; Orders Compensation to Auction Purchaser
The High Court condemned the Bank’s arbitrary and unlawful reversal of a concluded auction sale and directed it to compensate the auction...
Jun 142 min read


Supreme Court Restores NI Act Proceedings, Holds Unsubstantiated Retirement No Shield from Partner Liability
The Supreme Court restored proceedings under the Negotiable Instruments Act, holding that an unsubstantiated claim of retirement does not...
Jun 143 min read
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