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RBI August 2024 Update: Modest Rise in Lending and Deposit Rates Reflects Gradual Adjustment in Banking Sector
In August 2024, the Reserve Bank of India (RBI) released updated data on lending and deposit rates for Scheduled Commercial Banks (SCBs),...
Sep 3, 20242 min read


NCLAT Chennai Bench Grants Final Opportunity to Resolve Insolvency Despite Liquidation Order
NCLAT Chennai Bench granted a final opportunity to resolve insolvency despite an existing liquidation order. The National Company Law...
Sep 3, 20242 min read


NCLAT Upholds Committee of Creditors' Authority to Adjust Maintenance Charges and Recover Essential Service Dues During CIRP
The NCLAT upheld the Committee of Creditors' authority to adjust maintenance charges and recover essential service dues during the...
Sep 3, 20243 min read


NCLAT holds that Section 10 application must be genuinely intended for insolvency resolution and not merely to obstruct debt recovery
NCLAT held that a Section 10 application had to be genuinely intended for insolvency resolution and not merely to obstruct debt recovery....
Sep 3, 20243 min read


NCLAT Upholds Insolvency Proceedings, Affirming that Financial Disputes Fall Within the Jurisdiction of Insolvency Laws Despite Civil Court Injunctions
The NCLAT upheld the insolvency proceedings, affirming that financial disputes fall within the jurisdiction of insolvency laws, even in...
Sep 2, 20243 min read


NCLAT Ruling on the Permissibility and Procedure of Set-Offs by the Income Tax Department During Corporate Liquidation
The NCLAT ruling addressed the permissibility and procedure for the Income Tax Department to conduct set-offs during corporate...
Sep 2, 20243 min read


NCLAT Affirms Admission of CIRP Against Corporate Guarantor Based on DRT Recovery Certificate, Despite Ongoing Appeals and Disputes Over Debt Finality
The NCLAT affirmed the admission of the CIRP against the corporate guarantor based on the Recovery Certificate issued by the DRT, despite...
Sep 2, 20242 min read


NCLAT Upholds Validity of CIRP Initiation, Affirming Proper Default Date Determination and Limitation Period Extension
The NCLAT upheld the initiation of the Corporate Insolvency Resolution Process (CIRP), affirming the correct determination of the default...
Sep 1, 20242 min read


NCLAT Upholds Replacement of Resolution Professional in Personal Insolvency Proceedings Following IBBI Suspension
The NCLAT upholds the replacement of the Resolution Professional in personal insolvency proceedings following the suspension by the IBBI....
Sep 1, 20242 min read


NCLAT Affirms Validity of Resolution Plan and Reassessment of Claims in Insolvency Proceedings, Upholding Tribunal's Findings
he NCLAT affirms the validity of the resolution plan and the reassessment of claims in insolvency proceedings, upholding the tribunal's...
Sep 1, 20243 min read
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