top of page
Search


NCLAT Quashes NCLT Judgment for Ignoring Principles of Natural Justice and Failing to Address Key Objections
The NCLAT held that unrefuted pleadings should be considered admitted, quashing the impugned judgment for ignoring principles of natural...
Sep 26, 20242 min read


High Court Upholds IBBI's Suspension of Insolvency Professional for Regulatory Violations
The High Court upheld the suspension of the Insolvency Professional by the IBBI due to regulatory violations. The Delhi High Court...
Sep 25, 20242 min read


NCLT's Failure to Assess Necessary Elements under Section 66 of the IBC Leads to Revival of Application for Reconsideration by NCLAT
NCLAT determined that the Adjudicating Authority failed to properly assess the requirements of Section 66 of the IBC regarding fraudulent...
Sep 25, 20242 min read


NCLAT Affirms Validity of Co-operative Banks' Debt Assignments to Asset Reconstruction Companies Under SARFAESI Act
NCLAT upheld the validity of the assignment of debt by co-operative banks to asset reconstruction companies under the SARFAESI Act. The...
Sep 25, 20242 min read


High Court Rules That All Creditors and Stakeholders Are Bound by NCLT/NCLAT-Approved Resolution Plans, Regardless of Their Consent
The High Court ruled that all creditors and stakeholders are bound by a Resolution Plan approved by the NCLT/NCLAT, regardless of their...
Sep 25, 20242 min read


Pre-Package Insolvency Resolution Process (PPIRP): Extension of Time Beyond 120 Days—Statutory Provisions, Whether Directory or Mandatory
Pre-package Insolvency Resolution Process (PPIRP) allows for judicial discretion to extend timelines despite statutory limits, reflecting...
Sep 25, 20243 min read


NCLAT Upholds Enforceability of Personal Guarantors' Obligations Despite Assignment and Put Option Agreements
NCLAT upheld the enforceability of personal guarantors' obligations despite the presence of assignment and Put Option Agreements. The...
Sep 24, 20242 min read


NCLAT rules that the Adjudicating Authority erred in denying the Successful Resolution Applicant protections under Section 32A of the IBC
NCLAT ruled that the Adjudicating Authority erred in denying the Successful Resolution Applicant protections under Section 32A of the...
Sep 24, 20243 min read


NCLAT upholds the denial of permission for a fresh Section 9 application, stressing that withdrawals require sufficient grounds and strict adherence to insolvency timelines
NCLAT upheld the denial of permission for a fresh Section 9 application, stressing that withdrawals required sufficient grounds and...
Sep 24, 20243 min read


NCLAT Emphasizes the Necessity of a Fair Hearing Before Dismissing Applications Under Section 7
NCLAT Emphasized the Necessity of a Fair Hearing Before Dismissing Applications Under Section 7 and Upheld the Maintainability of Section...
Sep 24, 20242 min read
bottom of page