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District Magistrate's Ministerial Powers Under Section 14 of SARFAESI Act Affirmed: Substitution of Authorized Officer Upheld
DRAT upheld the District Magistrate's ministerial powers under Section 14 of the SARFAESI Act, affirming the substitution of the...
Dec 4, 20243 min read


IBC Does Not Override Lease Deed and Statutory Provisions; Liquidator's Sub-Lease Violates Regulations
The insolvency and Bankruptcy Code does not permit sub-leasing by the Liquidator as it violated the lease deed and statutory provisions...
Dec 4, 20243 min read


Strengthening Governance and Customer Convenience: Key Highlights of the Banking Laws (Amendment) Bill, 2024
The Banking Laws (Amendment) Bill, 2024 , introduced by Finance Minister Nirmala Sitharaman, aims to modernize governance frameworks,...
Dec 4, 20242 min read


Debt Acknowledgment and Limitation Compliance Lead to Corporate Debtor's Admission into CIRP
NCLAT held that the debt acknowledgement and compliance with limitation requirements led to the Corporate Debtor's admission into the...
Dec 3, 20242 min read


NCLAT Upholds Adherence to Supreme Court’s Status Quo Order, Denies Demarcation of Shared Assets Without Clarification
The NCLAT upheld adherence to the Supreme Court's status quo order and denied the demarcation of shared assets without prior...
Dec 3, 20242 min read


IBBI Issues New Guidelines for Appointment of Insolvency Professionals for Insolvency and Bankruptcy Processes
The Insolvency and Bankruptcy Board of India (IBBI) has issued the Insolvency Professionals to Act as Interim Resolution Professionals,...
Dec 3, 20241 min read


Extension of Deadline for Filing Forms in Liquidation and Voluntary Liquidation Processes under the IBC
The Insolvency and Bankruptcy Board of India (IBBI) has extended the deadline for filing forms related to the liquidation and voluntary...
Dec 3, 20241 min read


District Magistrate's Ministerial Role under Section 14 of SARFAESI Act Upheld: Procedural Modifications Deemed Jurisdictionally Valid
DRAT upheld the District Magistrate's ministerial role under Section 14 of the SARFAESI Act, ruling that procedural modifications were...
Dec 3, 20242 min read


Non-Compliance with Statutory Notice Requirements Renders Auction Sale Invalid Under SARFAESI Act
DRAT held that non-compliance with statutory notice requirements under the SARFAESI Act rendered the auction sale invalid. The Debts...
Nov 30, 20243 min read


2nd International Conclave on Insolvency Resolution: A Global Evolution and India’s Path Forward
The 2nd International Conclave on Insolvency Resolution: Evolution & Global Perspective , jointly organized by the Insolvency and...
Nov 29, 20241 min read
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