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Corporate Insolvency Resolution Processes Ending with Orders of Liquidation: As on 30th September 2024
The Insolvency and Bankruptcy Board of India (IBBI) released updated data on Corporate Insolvency Resolution Processes (CIRPs) that...
Dec 19, 20241 min read


Corporate Insolvency Resolution Processes Yielding Resolution Plans: As on 30th September 2024
The Insolvency and Bankruptcy Board of India (IBBI) released updated data on Corporate Insolvency Resolution Processes (CIRPs) yielding...
Dec 19, 20241 min read


Shri Vaibhav Chaturvedi Appointed as Ex-Officio Member Representing RBI in the Insolvency and Bankruptcy Board of India (IBBI)
The Ministry of Corporate Affairs (MCA), through its notification dated 3rd December 2024, appointed Shri Vaibhav Chaturvedi , Chief...
Dec 19, 20241 min read


Applicant Estopped from Challenging Sale Notice Under SARFAESI Act Following Dismissal of Previous Application
The DRT held that the Applicant was estopped from challenging the Sale Notice under the SARFAESI Act, following the dismissal of the...
Dec 18, 20242 min read


Ex-Parte Recovery Order Passed in Favour of Bank with Reduction in Penal Interest and Capping of Future Interest at 9% Per Annum
DRT passed an ex-parte recovery order in favour of the Bank, reducing the penal interest and capping the future interest at 9% per annum....
Dec 18, 20242 min read


NCLAT Upholds Liquidation Order: Extension Beyond 330-Day CIRP Timeline Unjustified Due to Stagnation
NCLAT upheld the liquidation order, ruling that an extension beyond the 330-day CIRP timeline was unjustified due to stagnation in the...
Dec 18, 20243 min read


Right of Redemption Under Section 13(8) of SARFAESI Act Limited to Mortgagor; Third-Party Possession Insufficient to Challenge Secured Creditor’s Measures
DRAT held that the right of redemption under Section 13(8) of the SARFAESI Act is limited to the mortgagor, and a third party in...
Dec 17, 20243 min read


Amount in 'No Lien Account' Forms Part of the Corporate Debtor's Assets and Cannot Be Retained by the Bank During CIRP Due to Moratorium
NCLAT held that the amount in the 'No Lien Account' formed part of the corporate debtor's assets and could not be retained by the bank...
Dec 16, 20243 min read


Procedural Fairness and Enforceability of Personal Guarantee Document Amid Pending Insolvency Proceedings
The DRT examined the procedural fairness and enforceability of a personal guarantee document in light of pending insolvency proceedings...
Dec 15, 20243 min read


Non-filing of Written Statement Not Enough for Counter-claim Success - Review Limited to Errors Apparent on Record
The DRAT held that the non-filing of a written statement by SBI did not automatically entitle the counter-claim to succeed and emphasized...
Dec 13, 20243 min read
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