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NCLT Has the Jurisdiction Over Insolvency Proceedings Against Personal Guarantors Under Section 95 of IBC
NCLAT Affirmed the NCLT's jurisdiction over insolvency proceedings against personal guarantors under Section 95 of IBC. The National...
Jan 24, 20254 min read
NCLAT Ruling on the Mandatory Nature of Moratorium Period Under IBC
The NCLAT held that the moratorium period under Section 101 of the IBC is mandatory and cannot be extended beyond the statutory limit of...
Jan 23, 20253 min read
NCLAT Directs CIRP Extension from Order Date, Excluding Pendency Period for Effective Completion
NCLAT Directed CIRP Extension from Order Date, Excluding Pendency Period for Effective Completion. The National Company Law Appellate...
Jan 23, 20252 min read
Amendments Needed in IBC for Granting NOC to Successful Resolution Applicants Upon Approval of Resolution Plan Over Attached Properties
On Friday, 17th January 2025, a roundtable discussion titled "Understanding the Synergy Between PMLA and IBC" was held at the India...
Jan 22, 20253 min read
Section 7 IBC Admission Valid When Remaining Liability is Unpaid After Sale of Pledged Shares
NCLAT held that the admission of the Section 7 IBC application was valid as the remaining liability remained unpaid after the sale of...
Jan 21, 20253 min read
Supreme Court Directs Centre to Provide Additional Staff for DRTs to Ensure Uninterrupted Functioning
The Supreme Court, on January 17, 2025, ruled that the Union of India must provide additional staff to the Debts Recovery Tribunals...
Jan 21, 20252 min read
Revised Guidelines on Settlement of Dues by Asset Reconstruction Companies (ARCs)
The Reserve Bank of India (RBI) issued today the revised guidelines on the settlement of dues payable by borrowers of Asset...
Jan 20, 20252 min read
DRT Recovery Proceedings Do Not Preclude Financial Creditor from Filing U/S 7 Application Under IBC
The NCLAT held that recovery proceedings initiated before the Debts Recovery Tribunal (DRT) did not bar a financial creditor from filing...
Jan 17, 20253 min read
Mandatory Use of eBKray Auction Platform for Liquidation Processes under the Insolvency and Bankruptcy Code
The Insolvency and Bankruptcy Board of India (IBBI) issued Circular No. IBBI/LIQ/78/2024 on 29th October 2024, mandating the exclusive...
Jan 16, 20251 min read
Remand of Securitisation Application for Reconsideration in Light of Fresh Adjudication of Original Application
DRAT remanded the Securitisation Application to the DRT for fresh adjudication, directing it to reconsider the matter alongside the...
Jan 16, 20252 min read
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