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DRAT Sets Aside DRT Order and Upholds Auction Sale Validity; Rules Procedural Adjustments Do Not Violate Statutory Notice Requirements
The DRAT set aside the DRT order and upheld the validity of the auction sale, ruling that procedural adjustments do not violate statutory...
Nov 19, 20243 min read
![NCLAT Upholds CIRP Continuation Under CoC's Authority in Line with Supreme Court's Rainbow Papers Directive [REEDLAW 2022 SC 09519]](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_avif,quality_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
![NCLAT Upholds CIRP Continuation Under CoC's Authority in Line with Supreme Court's Rainbow Papers Directive [REEDLAW 2022 SC 09519]](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_avif,quality_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
NCLAT Upholds CIRP Continuation Under CoC's Authority in Line with Supreme Court's Rainbow Papers Directive [REEDLAW 2022 SC 09519]
NCLAT upheld the continuation of the Corporate Insolvency Resolution Process under the authority of the Committee of Creditors, aligning...
Nov 19, 20243 min read


NCLAT Affirms NCLT’s Dismissal of Section 9 Application Against Patanjali Paridhan Over Pre-Existing Dispute on NOC and Contractual Obligations
NCLAT affirms NCLT’s dismissal of the Section 9 Application against Patanjali Paridhan over a pre-existing dispute over NOC and...
Nov 18, 20243 min read


Finality of Recovery: DRAT Upholds Limited Scope of Attachment Orders and Creditor Entitlements Under the Recovery of Debts and Bankruptcy Act
DRAT upheld the limited scope of attachment orders, restricted creditor entitlements to the specified amount, and affirmed the principles...
Nov 18, 20243 min read


Unregistered Agreement for Sale Fails to Establish Ownership Rights in Recovery Proceedings under RDDB & FI Act, 1993
DRAT held that an unregistered agreement for sale failed to establish ownership rights in recovery proceedings under the RDDB & FI Act,...
Nov 17, 20242 min read


DRAT Quashes Auction Sale for Non-Compliance with Statutory Notice Requirements under SARFAESI Act
DRAT quashed the auction sale due to non-compliance with the statutory notice requirements under the SARFAESI Act. Debts Recovery...
Nov 16, 20242 min read


Supreme Court Reinstates Equitable Mortgage Claim, Emphasizes Evidentiary and Procedural Fairness
The Supreme Court reinstated an equitable mortgage claim, emphasizing the importance of evidentiary and procedural fairness. The Supreme...
Nov 16, 20243 min read


Tribunals Must Adhere to Statutory Mandates and Precedents: DRAT Sets Aside DRT Order for Lack of Legal Basis and Reasoning
DRAT sets aside the DRT order for lacking legal basis and reasoning, emphasizing adherence to statutory mandates and judicial precedents....
Nov 16, 20242 min read


Supreme Court Upholds Fairness in Public Auctions: Invalidates Sale Due to Procedural Lapses and Irregularities
The Supreme Court upheld the importance of fairness in public auctions by invalidating the sale due to procedural lapses under the...
Nov 16, 20243 min read


Priority of IBC Liquidation Process Over Section 230 Schemes for Corporate Debtor Resolution: A NCLAT Ruling
The NCLAT upheld the priority of the IBC liquidation process over the Section 230 scheme for the resolution of the corporate debtor. The...
Nov 15, 20243 min read
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