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Rejection of Arbitration Reference in Insolvency Proceedings: Priority of Section 7 Application under IBC
NCLAT dismissed the appeal, upholding the rejection of the arbitration reference and affirming the priority of the Section 7 application...
Jan 10, 20253 min read


NCLAT Upholds CoC's Commercial Wisdom in Resolution Plan Dispute and Affirms Liquidation Order
NCLAT upheld the Committee of Creditors' (CoC) commercial wisdom in resolving disputes over the resolution plan and affirmed the...
Jan 10, 20253 min read


Tenancy Rights vs. IBC: NCLAT Upholds Protection of Tenants Against Summary Eviction
NCLAT upheld the protection of tenants against summary eviction, emphasizing the primacy of tenancy rights over provisions of the...
Jan 10, 20252 min read


Rights of Secured Creditors under Section 26E of the SARFAESI Act Take Precedence Over Crown Debts
The High Court ruled that the rights of secured creditors under Section 26E of the SARFAESI Act take precedence over Crown debts,...
Jan 9, 20252 min read


MSME Ministry Hosts Consultation to Ease Compliance Under Companies Act, 2013
The Ministry of Micro, Small, and Medium Enterprises (MSME) is set to host a Stakeholder Consultation on January 10, 2025, in New Delhi...
Jan 9, 20251 min read


Approval of Resolution Plan–Full Payment of Workers' Provident Fund and Gratuity–NCLAT Upholds CoC's Commercial Wisdom and Dismisses Appeal
NCLAT upheld the approval of the Resolution Plan, which ensured full payment of workers' provident fund and gratuity, and dismissed the...
Jan 9, 20252 min read


Central Government Appoints 24 New Members to NCLTs
The Central Government, through a Notification dated January 7, 2025, announced the appointment of 24 new members to the National...
Jan 9, 20251 min read


Post-CIRP Claims - Resolution Plan Supremacy and Legal Remedies Beyond Insolvency Process
NCLAT held that post-CIRP claims, which were not included in the approved Resolution Plan, cannot be entertained within the insolvency...
Jan 9, 20252 min read


Supreme Court Declines Interference in Interlocutory NCLAT Order, Directs Expeditious Appeal Disposal
The Supreme Court declined to interfere with the interlocutory order of the NCLAT and directed the expeditious disposal of the appeal....
Jan 8, 20252 min read


Procedural Irregularities in SARFAESI Auctions Do Not Invalidate Sales Without Collusion, Fraud, or Prejudice
DRT held that procedural irregularities in SARFAESI auctions did not invalidate sales unless collusion, fraud, or substantial prejudice...
Jan 8, 20252 min read
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