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Kerala High Court Upholds Borrowers' Privacy: Public Shaming Declared Unlawful for Debt Recovery
The Kerala High Court upheld borrowers' privacy and declared public shaming as an unlawful method for debt recovery. The Single-Judge...
Dec 27, 20242 min read
NCLAT Upholds Joint CIRP Initiation for Interconnected Corporate Debtors in Real Estate Project
The NCLAT upheld the initiation of a joint CIRP for interconnected corporate debtors involved in a real estate project. The National...
Dec 26, 20243 min read
NCLAT Emphasizes Strict Adherence to Limitation Periods in CIRP under the I&B Code, 2016, to Ensure Timely Resolution and Judicial Efficiency
The NCLAT emphasized the importance of strict adherence to limitation periods in Corporate Insolvency Resolution Proceedings under the...
Dec 24, 20242 min read
Authorized Signatories Excluded from Interim Compensation Liability under Section 143-A of the NI Act: Supreme Court Upholds Strict Interpretation
The Supreme Court upheld a strict interpretation of Section 143-A of the NI Act, ruling that authorized signatories are excluded from...
Dec 24, 20243 min read
Judicial Rejection of Procedural Delays in NI Act Cases: Upholding Trial Efficiency and Evidentiary Principles
The High Court rejected procedural delays in NI Act cases, emphasizing trial efficiency and reaffirming that expert opinions are...
Dec 23, 20242 min read
Tribunal Affirms Joint and Several Liability of Borrower and Guarantor for Loan Default with Modified Interest Rate
DRT affirmed the joint and several liability of the borrower and guarantor for loan default while modifying the interest rate. The Debts...
Dec 23, 20242 min read
Borrower’s Right to Redeem Extinguished Post-Sale Notice; Auction Validity Upheld, Contempt for Obstructing Court’s Order
The Supreme Court held that the borrower's right to redeem the mortgage was extinguished after the sale notice was issued, upheld the...
Dec 22, 20243 min read
Procedural Omissions by Liquidator Do Not Constitute Perjury Without Evidence of Malafide Intent or Deliberate Falsehood
NCLAT held that procedural omissions by the liquidator do not constitute perjury in the absence of evidence demonstrating malafide intent...
Dec 22, 20243 min read
Arbitration Petition Dismissed as Claims are Ex Facie Time-Barred and Beyond the Limitation Period
The Supreme Court dismissed the arbitration petition, holding that the claims were ex facie time-barred and beyond the limitation...
Dec 20, 20243 min read
Auction Sale Set Aside for Non-Compliance with Mandatory 30-Day Notice Requirement Under Rules 8(6) and 9(1) of SARFAESI Rules
The DRAT set aside the auction sale for non-compliance with the mandatory 30-day notice requirement under Rules 8(6) and 9(1) of the...
Dec 19, 20244 min read
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