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Byju’s Allegedly Transferred Funds in Violation of U.S. Bankruptcy Rules
Indian edtech company Byju's, already embroiled in legal and financial difficulties, is now facing fresh allegations of fund transfers in...
Oct 11, 20241 min read
NCLAT Dismisses Section 7 Application, Affirming That Sale Transaction Lacking Financial Debt Is Not Subject to Insolvency Proceedings Under IBC
The NCLAT dismissed the Section 7 application, affirming that a sale transaction lacking financial debt is not subject to insolvency...
Oct 10, 20243 min read
Before Dismissing An Application on Technical Grounds, the Applicant Must Be Given a Chance to Rectify the Identified Defects: NCLAT
NCLAT held that before dismissing an application under Section 9 of the IBC on technical grounds, the Adjudicating Authority must provide...
Oct 10, 20242 min read
Supreme Court Rules that Claims from Separate Agreements are Distinct and the Arbitration Clause Does Not Apply to the License Agreement
Supreme Court held that the claims arising from separate agreements are distinct and not part of a composite transaction, affirming that...
Oct 9, 20243 min read
High Court Upholds Suspension of Insolvency Professional: Validity of Single-Member Disciplinary Committee Affirmed
The High Court upheld the suspension of the Insolvency Professional, affirming the validity of the single-member Disciplinary Committee....
Oct 9, 20243 min read
Removal of an Interim Resolution Professional Due to Impartiality and Premature Admission of Claims Violates the Insolvency and Bankruptcy Code
NCLAT upheld the Adjudicating Authority's decision to remove an Interim Resolution Professional due to impartiality and the premature...
Oct 9, 20243 min read
Supreme Court Clarifies Certified Copy Requirement for Appeals Under IBC: Free Copy Not Sufficient to Extend Limitation Period
The Supreme Court clarified the certified copy requirement for appeals under the IBC, ruling that a free copy is not sufficient to extend...
Oct 8, 20243 min read
Extinguishment of Customs Duty Claims Against Ruchi Soya Post-Corporate Insolvency Resolution: Implications of Non-Claim During CIRP
High Court addressed the extinguishment of customs duty claims against Ruchi Soya following the Corporate Insolvency Resolution,...
Oct 8, 20244 min read
Petitioner Cannot Invoke Writ Jurisdiction Under Article 226 When Alternative and Efficacious Remedies Are Available Before NCLT
The High Court ruled that the petitioner cannot invoke writ jurisdiction under Article 226 when alternative and efficacious remedies are...
Oct 8, 20243 min read
NCLAT Examines the Inherent Powers of Tribunals, Specifically Highlighting Its Ruling in the CIRP of Jet Airways
The NCLAT examined the inherent powers of tribunals, specifically highlighting its ruling in the corporate insolvency resolution process...
Oct 8, 20242 min read
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