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Moratorium under the IBC cannot protect the applicant from proceedings under Section 138/141 of the Negotiable Instruments Act for his vicarious liability
Allahabad High Court held that the moratorium under the IBC cannot protect the applicant from proceedings under Section 138/141 of the...
Jun 28, 20243 min read
A Corporate Guarantor, Cannot Claim the Status of A Financial Creditor Against the Corporate Debtor
Supreme Court held that a corporate guarantor cannot claim the status of a financial creditor against the corporate debtor. The Supreme...
Jun 28, 20242 min read
The Circular dated 28th September 2023, issued by the IBBI, is partly ultra vires as it introduces new standards not supported by existing law: Bombay HC
Bombay High Court held that the Circular dated 28th September 2023, issued by the IBBI, is partly ultra vires as it introduced new...
Jun 25, 20243 min read
NCLAT dismissed the appeal against the Liquidator due to lack of merit and non-cooperation by the Appellant
NCLAT dismissed the appeal against the Liquidator due to lack of merit and non-cooperation by the Appellant. The National Company Law...
Jun 24, 20243 min read
Liquidator's fees should be calculated based on the liquidation period determined by the NCLT
NCLAT, New Delhi held that the liquidator's fees should be calculated based on the liquidation period determined by the NCLT. The...
Jun 24, 20242 min read
Invitation for Stakeholder Comments on Draft Format for Liquidation Progress Reports
The Insolvency and Bankruptcy Board of India (IBBI) is dedicated to fostering transparency, efficiency, and uniformity within the...
Jun 23, 20241 min read
Security deposits carrying interest at 21% per annum, constituted financial debt under Section 5(8) of the IB Code
Supreme Court held that the security deposits under the agreements, carrying interest at 21% per annum, constituted financial debt under...
Jun 22, 20243 min read
When a statute incorporates specific provisions from another statute, subsequent amendments to the latter statute do not affect the former statute
Supreme Court observed when a statute incorporates specific provisions from another statute, subsequent amendments to the latter statute...
Jun 22, 20243 min read
Insolvency and Bankruptcy Board of India (IBBI) Invites Applications for the Post of Whole Time Member
The Insolvency and Bankruptcy Board of India (IBBI) invites applications for the position of Whole Time Member at the IBBI, established...
Jun 8, 20242 min read
Streamlined Appointment Guidelines for Insolvency Professionals: IBBI 2024 Recommendations
On June 5, 2024, the Insolvency and Bankruptcy Board of India (IBBI) issued the "Insolvency Professionals to act as Interim Resolution...
Jun 6, 20243 min read
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