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Supreme Court Rules Against Awarding Interest on Interest in Absence of Statutory or Contractual Provision
The Supreme Court ruled against awarding interest on interest in the absence of a statutory or contractual provision. The Supreme Court...
Nov 26, 20242 min read


Unallotted Share Application Money Fails to Qualify as Financial Debt Under IBC Due to Lack of Statutory Compliance and Time Value Consideration
NCLAT held that unallotted share application money did not qualify as financial debt under the IBC due to the lack of statutory...
Nov 26, 20243 min read


DRAT Rules Procedural Terms in Auction Notices Are Directory, Upholds Substantive Justice Over Technicalities in SARFAESI Cases
DRAT ruled that procedural terms in auction notices were directory and upheld substantive justice over technicalities in SARFAESI cases....
Nov 26, 20242 min read


DRAT Allows Appeal Against SARFAESI Measures with Reduced Pre-Deposit and Deferred Possession Proceedings
DRAT allowed the appeal against SARFAESI measures with a reduced pre-deposit requirement and deferred the possession proceedings. The...
Nov 26, 20242 min read


DRAT Grants Conditional Protection from Dispossession and Directs ₹60 Lakh Pre-Deposit for Appeal under SARFAESI Act
The DRAT granted conditional protection from dispossession and directed a pre-deposit of ₹60 lahk for the appeal under the SARFAESI Act....
Nov 26, 20242 min read


High Court Quashes Section 138 NI Act Complaints Against Non-Executive Directors for Lack of Specific Averments on Responsibility and Involvement
The High Court quashed the Section 138 NI Act complaints against non-executive directors for the lack of specific averments regarding...
Nov 26, 20242 min read


Threshold Requirement Under Section 7 of IBC Met by 10% of Allottees from Same Real Estate Project; Appellant Lacks Locus Standi to Challenge Admission
NCLAT held that the threshold requirement under Section 7 of the IBC was met by 10% of allottees from the same real estate project, and...
Nov 25, 20243 min read


Supreme Court Affirms Auction Sale Validity, Rejects Claims of Undervaluation and Procedural Lapses
The Supreme Court affirmed the validity of the auction sale and rejected claims of undervaluation and procedural lapses. The Supreme...
Nov 25, 20242 min read


Failure to Prove Service of Representation Under Section 13(3A) of the SARFAESI Act Leads to Reversal of DRT Order
DRAT held that the respondents' failure to prove the service of the representation under Section 13(3-A) of the SARFAESI Act led to the...
Nov 25, 20242 min read


Unregistered Tenancy Claims Fail Against Secured Creditors Under the SARFAESI Act: Tenant Deemed in Sufferance
DRAT Dismissed the Appeal, Holding Unregistered Tenancy Claims Invalid Against Secured Creditors Under the SARFAESI Act, With the Tenant...
Nov 25, 20243 min read
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