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Seller is bound to disclose any material defect in the property of which the buyer is not aware
The Supreme Court held that the seller is bound to disclose to the buyer any material defect in the property of which the buyer is not...
Nov 19, 20223 min read


Preliminary views cannot be considered voting instructions by the creditors: IBBI
The Disciplinary Committee (DC) of the IBBI on Tuesday held that the second proviso to Regulation 16A(9) of the CIRP Regulations states...
Nov 18, 20224 min read


Supreme Court to decide whether PMLA overrides IBC?
The Supreme Court of India (SC) is anticipated to decide in the coming days whether the Prevention of Money Laundering Act, 2002 (PMLA)...
Nov 18, 20223 min read


Reserve Bank of India Governor meets Public and Private Sector Banks' MDs and CEOs
The Governor, of the Reserve Bank of India (RBI), held meetings with the MD & CEOs of Public Sector Banks and certain Private Sector...
Nov 17, 20221 min read


NCLAT Delhi finds the non-speaking order of AA is a violation of the principle of natural justice
The NCLAT held that the impugned order was in violation of the principle of natural justice because the impugned order was a non-speaking...
Nov 17, 20222 min read


Adjudicating Authority has no role in implementing the penal provisions of the Code: NCLAT New Delhi
NCLAT, New Delhi held the Adjudicating Authority has no role in implementing the penal provisions of the Insolvency and Bankruptcy Code....
Nov 16, 20223 min read


Shri Vivek Joshi, Secretary, Department of Financial Services, nominated on RBI Central Board
The Central Government has nominated Shri Vivek Joshi, Secretary, Department of Financial Services, Ministry of Finance, Government of...
Nov 16, 20221 min read


Govt asks to close loss-making Public sector companies by filing insolvency application under IBC
India has asked state-owned firms to consider moving the country's insolvency court to shut loss-making units, hoping for speedier...
Nov 15, 20221 min read


RBI announces "Award scheme for writing books originally in Hindi on Economics, Banking & Financial"
Award scheme for writing books originally in Hindi on Economics/Banking/Financial subjects Year 2021-2022 With a view to encouraging...
Nov 15, 20222 min read


SR Applicant cannot be subjected to surprise claims which are not part of the Resolution Plan
The National Company Law Appellate Tribunal (NCLAT), New Delhi Bench comprising Justice Ashok Bhushan, Dr. Alok Srivastava and Barun...
Nov 15, 20224 min read
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