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Enhancing Liquidation Processes: Proposed Amendments to IBBI Regulations to Streamline Operations and Strengthen Stakeholder Confidence
The Insolvency and Bankruptcy Board of India (IBBI) has released a Discussion Paper proposing key amendments to streamline the...
Nov 22, 20242 min read


Majority Shareholder as an Investor Lacks Locus Standi to Challenge CIRP Admission under Section 61 of IBC
NCLAT held that the majority shareholder, as an investor, lacked locus standi to challenge the admission of CIRP under Section 61 of the...
Nov 22, 20243 min read


DRT’s Discretion Upheld: Simple Interest Granted for Post-OA Period in Recovery Certificate
The DRAT upheld the DRT's discretion in granting simple interest for the post-OA period in the Recovery Certificate. The Debts Recovery...
Nov 22, 20242 min read


District Magistrate's Role Under Section 14 of SARFAESI Act is Ministerial, Not Adjudicatory: Appeal Dismissed
The District Magistrate's role under Section 14 of the SARFAESI Act was deemed ministerial and not adjudicatory, leading to the dismissal...
Nov 21, 20243 min read


NCLAT Chennai Member Recuses from Case Following Personal Request from Brother
The NCLAT Chennai member recused himself from the case after receiving a personal request from his brother. The National Company Law...
Nov 21, 20242 min read


Supreme Court Upholds Auction Purchasers' Rights Under SARFAESI Act, Directs Timely Possession Transfer
The Supreme Court upheld the rights of auction purchasers under the SARFAESI Act and directed the timely transfer of possession. The...
Nov 21, 20242 min read


High Court Enforces Timely Action Under Section 14 of SARFAESI Act, Directs District Magistrate to Expedite Application Disposal
The High Court enforced timely action under Section 14 of the SARFAESI Act and directed the District Magistrate to expedite the disposal...
Nov 21, 20242 min read


Assets Deposited by Corporate Debtor as Security Before CIRP Remain Corporate Debtor’s Property, Reinforcing IBC Supremacy
The High Court ruled that assets deposited by a corporate debtor as security before the commencement of the CIRP remain the property of...
Nov 20, 20243 min read


Supreme Court Rules: No Disciplinary Proceedings Can Be Initiated Against Employees Post-Retirement
The Supreme Court ruled that no disciplinary proceedings could be initiated against employees after their retirement. The Supreme Court...
Nov 20, 20242 min read


Supreme Court Seeks Finance Ministry’s Response on Critical Vacancies in Debts Recovery Tribunals
The Supreme Court has issued a notice to the Ministry of Finance in response to a Public Interest Litigation (PIL) highlighting severe...
Nov 20, 20242 min read
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