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NCLAT Dismisses Petition for Personal Insolvency Resolution Process (PIRP) against Personal Guarantor on Grounds of Prematurity and Collusion
NCLAT Dismisses Petition for Personal Insolvency Resolution Process (PIRP) against Personal Guarantor on Grounds of Prematurity and...
Aug 10, 20242 min read


NCLAT's Interpretation of SARFAESI Act Enforcement and Personal Guarantors' Rights within the Insolvency and Bankruptcy Code
NCLAT Interpreted the SARFAESI Act Enforcement and Personal Guarantors' Rights under the Insolvency and Bankruptcy Code. The National...
Aug 10, 20243 min read


NCLAT Upholds GNIDA's Classification as Operational Creditor: Lease Deed Does Not Qualify as Financial Lease
NCLAT Upholds GNIDA's Classification as Operational Creditor: Lease Deed Does Not Qualify as Financial Lease. The National Company Law...
Aug 9, 20242 min read


RBI Mandates Fortnightly Reporting of Credit Information: Enhanced Timeliness and Compliance Guidelines Effective January 1, 2025
In line with the Reserve Bank of India’s (RBI) updated guidelines, the frequency of credit information reporting by Credit Institutions...
Aug 9, 20242 min read


Admission of Section 7 Application Upheld Despite Dispute Over Debt Quantum; Acknowledgment of Debt Validates Extension of Limitation
NCLAT upheld the admission of the Section 7 application despite the dispute over the quantum of debt, as the acknowledgement of debt...
Aug 8, 20242 min read


IBBI Hosts Conclave for Resolution Applicants: Enhancing the Insolvency and Bankruptcy Framework
On August 5, 2024, the Insolvency and Bankruptcy Board of India (IBBI) organized a significant 'Conclave for Resolution Applicants' at...
Aug 8, 20241 min read


Winners Announced for Reserve Bank of India’s Financial Literacy Ideathon 2024
On August 5, 2024, the Reserve Bank of India (RBI) concluded its Financial Literacy Ideathon, a key event in its Financial Literacy Week...
Aug 7, 20241 min read


Supreme Court Asks RBI Whether Banks Should Notify Borrowers of Interest Rate Changes and Provide Annual Loan Statements
Supreme Court asked RBI whether banks should notify borrowers of interest rate changes and provide Annual Loan Statements. The Supreme...
Aug 7, 20242 min read


Following the NCLT's Admission of the Insolvency Application and Cancellation of Auction, the Bid Amount Should Be Refunded to the Successful Bidder
High Court held that following the NCLT's admission of the Insolvency Application and cancellation of the auction, the bid amount should...
Aug 6, 20242 min read


NCLT lacks jurisdiction over insolvency proceedings involving personal guarantees in the context of partnership firms
High Court ruled that the NCLT lacks jurisdiction over insolvency proceedings involving personal guarantees in the context of partnership...
Aug 5, 20243 min read
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