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NCLAT Upholds Initiation of CIRP Despite Corporate Debtor's Claims of Pre-Existing Dispute
NCLAT held that the initiation of the Corporate Insolvency Resolution Process (CIRP) was valid despite the appellant's unsubstantiated...
Sep 8, 20242 min read


High Court Affirms IBBI's Authority in Issuing Show Cause Notices and Suspending Authorization for Assignment Under the IB Code
The High Court affirmed the IBBI's authority in issuing show cause notices and suspending the Authorization for Assignment under the...
Sep 7, 20243 min read


NCLAT Upholds the CoC’s Decision on Resolution Plan, Affirming the Primacy of Commercial Wisdom and the Limited Scope of Judicial Review
NCLAT upheld the Committee of Creditors' decision on the resolution plan, affirming the primacy of commercial wisdom and the limited...
Sep 7, 20243 min read


Validity of Resolution Plan Approval Under Section 30(2)(b) of the IBC When Operational Creditors Receive No Payment Due to Nil Liquidation Value
NCLAT upheld the validity of approving a Resolution Plan under Section 30(2)(b) of the IBC, even when Operational Creditors receive no...
Sep 7, 20243 min read


NCLAT Upholds Impossibility of Section 12A Withdrawal During Liquidation and Exempts SCC Requirement for Pre-Amendment Liquidations
The NCLAT upheld the impossibility of withdrawing an application under Section 12A during liquidation and exempted the requirement for...
Sep 6, 20242 min read


Personal Guarantor's Liability and Limitation: Validity of Debt Acknowledgment in Resetting Limitation Period
The NCLAT confirmed the validity of a debt acknowledgement by a personal guarantor in resetting the limitation period. The National...
Sep 6, 20242 min read


Validity of E-Auction Upheld: NCLAT Dismisses Claims of Undervaluation and Procedural Irregularities
NCLAT Upheld the Validity of the E-Auction, Dismissing Claims of Undervaluation and Procedural Irregularities. The National Company Law...
Sep 5, 20242 min read


Personal Guarantor's Fresh Insolvency Application Dismissed by NCLAT, Validating Earlier Non-Compliance Ruling
he NCLAT upheld the dismissal of the personal guarantor's fresh insolvency application and affirmed the validity of the previous ruling...
Sep 5, 20242 min read


RBI's 610th Central Board Meeting Reviews Economic Outlook and Operational Performance
The 610th meeting of the Central Board of Directors of the Reserve Bank of India (RBI) took place in Mumbai, chaired by Governor Shri...
Sep 5, 20241 min read


SBI Chairman CS Setty on Advancing MSME Credit Access and Financial System Evolution
On September 2, CS Setty, who recently assumed the role of Chairman of the State Bank of India (SBI), provided insights into the current...
Sep 4, 20242 min read
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