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Supreme Court Reaffirms NCLT's Exclusive Jurisdiction in Rectification of Register of Members and Addresses Procedural Irregularities in Share Transfer Dispute
he Supreme Court reaffirmed the NCLT's exclusive jurisdiction in the rectification of the Register of Members and addressed procedural...
Oct 15, 20243 min read


Central Banking at Crossroads: Navigating Challenges, Innovation, and the Future
In his keynote address at the RBI@90 High-Level Conference held in New Delhi on October 14, 2024, Governor Shaktikanta Das emphasized the...
Oct 15, 20242 min read


Claims Filed Post-Approval of Resolution Plan Must Align with the Plan's Provisions: NCLAT
NCLAT held that claims filed after the approval of the Resolution Plan were to be considered in accordance with the provisions of the...
Oct 15, 20242 min read


Transactions Beyond the Look-Back Period Under Section 43 of IBC Ineligible for Avoidance, but Alternative Remedies under Section 66 Remain Available
NCLAT held that transactions beyond the look-back period under Section 43 of the IBC are ineligible for avoidance; however, alternative...
Oct 15, 20242 min read


Extension of Deadline for Filing Forms in Voluntary Liquidation Processes under IBC
The Insolvency and Bankruptcy Board of India (IBBI) issued Circular No. IBBI/LIQ/74/2024 on 28.06.2024, directing liquidators to submit...
Oct 14, 20241 min read


Creditor's Right to Initiate Bankruptcy Triggered by Non-Compliance with Repayment Timeline U/S 118 of IBC
NCLAT affirmed that the creditor's right to initiate bankruptcy is triggered by non-compliance with the repayment timeline as stipulated...
Oct 14, 20243 min read


Membership and Reporting to Credit Information Companies (CICs) by Asset Reconstruction Companies (ARCs) is Now Mandatory
In accordance with Circular No. DNBS (PD-SC/RC). CC. No. 23/26.03.001/2010-11 dated November 25, 2010, regarding the submission of...
Oct 12, 20242 min read


Statutory tax claims do not constitute a secured debt, as the IBC’s waterfall mechanism prevails over conflicting state laws
Statutory tax claims do not constitute a secured debt, as the IBC’s waterfall mechanism prevails over conflicting state laws. The...
Oct 12, 20243 min read


Syska LED Lights Placed Under CIRP Following NCLT Order Amid Claims of Unpaid Dues
The National Company Law Tribunal (NCLT), Mumbai Bench has ordered the initiation of a Corporate Insolvency Resolution Process (CIRP)...
Oct 11, 20241 min read


The Reserve Bank (RBI) Proposes Beneficiary Name Verification for RTGS and NEFT Transactions
The Central Bank has proposed a significant enhancement to its Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer...
Oct 11, 20241 min read
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