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Mr. Kulwant Singh Takes Charge as Executive Director of the Insolvency and Bankruptcy Board of India
On September 11, 2024, Mr. Kulwant Singh took charge as the Executive Director of the Insolvency and Bankruptcy Board of India (IBBI) in...
Sep 20, 20242 min read


High Court Upholds IBBI's Jurisdiction to Investigate Allegations Against the Insolvency Professional
The Delhi High Court upheld the IBBI's jurisdiction to investigate allegations against the insolvency professional in its recent order....
Sep 20, 20242 min read


NCLAT Upholds Denial of Resolution Plan Access to Resigned Director in Corporate Insolvency Proceedings
The NCLAT upheld the denial of access to the Resolution Plan for a resigned director in the context of corporate insolvency proceedings....
Sep 18, 20243 min read


NCLAT Imposes a Cost of Rs. 10 Lakhs and Directs IBBI to Investigate the Conduct of the Resolution Professional
The NCLAT imposed a cost of Rs. 10 Lakhs and directed the IBBI to investigate the conduct of the Resolution Professional. The National...
Sep 17, 20242 min read


Dismissal of Insolvency Application Due to Pre-Existing Dispute and Procedural Deficiencies
NCLAT dismissed the insolvency application on grounds of pre-existing dispute and procedural deficiencies. The National Company Law...
Sep 17, 20242 min read


NCLAT Determines Advance as Investment, Not Financial Debt, Rendering Section 7 Application Non-Maintainable
NCLAT determined that the advance was an investment rather than a financial debt, rendering the Section 7 application non-maintainable....
Sep 15, 20242 min read


RBI Imposes ₹1 Crore Penalty on HDFC Bank for Regulatory Non-Compliance
On September 3, 2024, the Reserve Bank of India (RBI) issued an order imposing a monetary penalty of ₹1 crore on HDFC Bank Limited for...
Sep 11, 20242 min read


High Court Upholds IBBI Disciplinary Committee’s Decision and Rejects Challenge to Resolution Professional’s Appointment in KSM Yarns Ltd Insolvency Case
The High Court upheld the IBBI Disciplinary Committee’s decision and rejected the challenge to the Resolution Professional’s appointment...
Sep 9, 20242 min read


Supreme Court Allows Extensions for Mandatory Timelines for Payment of Balance Sale Consideration in Liquidation Auctions Due to Extraordinary Circumstances
The Supreme Court allowed extensions for mandatory timelines for the payment of balance sale consideration in liquidation auctions due to...
Sep 9, 20243 min read


Government Announces Recruitment for Recovery Officers Across Debts Recovery Tribunals in Multiple Locations
The Ministry of Finance, Department of Financial Services, has announced a recruitment drive for the position of Recovery Officer in...
Sep 8, 20241 min read
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