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Mere Fact of Being a Former Promoter or Director Did Not Make Him Ineligible to Submit a Resolution Plan
The National Company Law Appellate Tribunal (NCLAT), Delhi Bench comprising Justice Ashok Bhushan, Chairperson with Technical Members,...
Mar 1, 20242 min read


Standard Penalty Provisions and Security Measures in the Agreement Cannot Alter the Fundamental Character of the Transaction
The National Company Law Appellate Tribunal, Principal Bench, New Delhi headed by Justice Ashok Bhushan held that Standard penalty...
Mar 1, 20242 min read


Supreme Court's Personal Guarantor Insight Empowers Creditors in Insolvency Maze under IBC
Supreme Court's clarification on the legality of notifications related to personal guarantors (PGs) under the Insolvency and Bankruptcy...
Feb 25, 20243 min read


The Mediation Act 2023 receives the assent of the President
The Mediation Act, 2023 received the assent of the President on the 14th of September 2023. It has been published by the Legislative...
Sep 22, 20232 min read


Even though an alternative statutory remedy exists, High Court can still exercise its jurisdiction
Kerala High Court Single Judge Bench of Justice Gopinath P. held that even though an alternative statutory remedy exists, the Court can...
Aug 4, 20232 min read


'Audi Alteram Partem' in Banking Law Ensures Fairness in Account Classification as Fraud: SC
The Supreme Court Bench comprising CJI. Dr. Dhananjaya Y. Chandrachud and Justice Hima Kohli were hearing miscellaneous appeals...
Jun 3, 20234 min read


Secured Creditors' Right to Realise Secured Debts have Priority over Other Debts & Government Dues
The Division Bench of the Madras High Court comprising Justices D. Krishnakumar and R. Vijayakumar was hearing a petition and held that...
May 30, 20231 min read


RBI approves the voluntary amalgamation of Maratha Sahakari Bank with The Cosmos Cooperative Bank
The Reserve Bank of India has sanctioned the Scheme of Amalgamation of Maratha Sahakari Bank Ltd., Mumbai, Maharashtra with The Cosmos...
May 27, 20231 min read


₹2000 Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal Tender: RBI
₹2000 denomination banknote was introduced in November 2016 under Section 24(1) of RBI Act, 1934 primarily to meet the immediate currency...
May 26, 20233 min read


The amount deposited by the auction purchaser cannot be adjusted towards the borrower's pre-deposit
The Supreme Court Division Bench comprising Justices M.R. Shah and B.V. Nagarathna while hearing miscellaneous appeals on the issue of...
May 23, 20232 min read
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