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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 15, 20253 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 15, 20253 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 14, 20253 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 14, 20253 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 14, 20252 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 14, 20253 min read


NCLAT Rejects Conditional Withdrawal of Appeal Citing Finality of Supreme Court-Confirmed Property Sale
The NCLAT rejected the conditional withdrawal of the appeal, citing the finality of the property sale as confirmed by the Supreme Court....
Jun 13, 20253 min read


Supreme Court: Developer Not Liable for Home Loan Interest Due to Delay in Flat Delivery, Absent Exceptional Circumstances
The Supreme Court held that a developer is not liable to reimburse the interest paid by a homebuyer on a home loan due to a delay in flat...
Jun 13, 20253 min read


Suspension of Insolvency Professional’s AFA Doesn’t Affect Ongoing Assignments: Delhi High Court
Delhi High Court held that the suspension of an Insolvency Professional’s Authorisation for Assignment (AFA) does not affect ongoing...
Jun 12, 20252 min read


Pre-Existing Dispute over Legal Fees Bars CIRP: NCLAT Affirms Dismissal of Section 9 Petition by Senior Advocate for Non-Payment of Professional Services
NCLAT held that the existence of a pre-existing dispute precluded the initiation of CIRP and accordingly upheld the dismissal of the...
Jun 12, 20253 min read
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