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NCLAT Upholds Enforceability of Corporate Guarantee Despite Resolution Plan Approval
NCLAT upheld the enforceability of the corporate guarantee, ruling that the Resolution Plan does not discharge the guarantor's liability....
Aug 28, 20242 min read


Despite the lack of a written contract, the oral agreement and repayment evidence proved the financial debt
The NCLAT upheld the CIRP admission despite the lack of a written contract, finding that the oral agreement and repayment evidence...
Aug 27, 20242 min read


NCLAT Affirms CIRP Initiation Despite GST Dispute Claims
The NCLAT affirmed the initiation of the Corporate Insolvency Resolution Process (CIRP) despite the claims of a GST dispute. The National...
Aug 27, 20242 min read


NCLAT Upholds Admission of Insolvency Petition Despite Claims of Insufficient Notice and Delayed Contractual Obligations
The NCLAT upheld the admission of the insolvency petition despite claims of insufficient notice and delayed contractual obligations. The...
Aug 26, 20242 min read


NCLT Kolkata Bench Approves Resolution Plan and Dismisses Challenge by Unsuccessful Resolution Applicant
The NCLT Kolkata Bench approves the resolution plan and dismisses the challenge brought by an unsuccessful resolution applicant. National...
Aug 26, 20242 min read


SARFAESI Proceedings Cannot Continue Post-Moratorium Under IBC if Sale Stage Not Reached
High Court held that the SARFAESI proceedings cannot continue post-moratorium under IBC if the sale Stage is not reached. The Delhi High...
Aug 25, 20242 min read


Section 21 of the Arbitration Act requires a party to set out the disputes but need not quantify the amount in the notice
The High Court determined that an ongoing IBC proceeding does not bar the initiation of arbitration under Section 11(6) of the...
Aug 25, 20242 min read


NCLT Mumbai Bench Affirms Validity of Guarantee Despite Stamp Duty Defects: Ruling that Such Defects Do not Affect the Enforcement of the IB Code
The NCLT Mumbai Bench affirmed the validity of the guarantee, ruling that defects in stamp duty do not affect the enforcement of the...
Aug 25, 20242 min read


NCLT Allahabad Bench Approves Resolution Plan for M/s Primuss Pipes & Tubes Ltd: Adherence to IBC Compliance and Creditor Repayment Mandates
NCLT approved the Resolution Plan for M/s Primuss Pipes & Tubes Ltd., emphasizing its adherence to IBC compliance and creditor repayment...
Aug 24, 20243 min read


NCLAT Stays CIRP Initiation: Appeals Challenge Delay in Filing Company Petitions Beyond Limitation Period
The NCLAT has stayed the initiation of the Corporate Insolvency Resolution Process (CIRP) due to delays in filing the petitions beyond...
Aug 24, 20242 min read
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