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Chapter II of the SARFAESI Act, 2002 is neither manifestly arbitrary nor in violation of Article 14
Delhi High Court, Division Bench comprising Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad was hearing a Petition...
Oct 19, 20225 min read
Application under section 7 of IBC even on the basis of Power of Attorney is fully maintainable
The National Company Law Appellate Tribunal (NCLAT), New Delhi Bench comprising Justice Ashok Bhushan, Chairperson, Dr. Alok Srivastava...
Oct 18, 20224 min read
SC issues notice to RBI and CBI for probe into the role of RBI officials in various banking scams
The Supreme Court on Monday agreed to examine BJP leader Dr Subramanian Swamy's plea seeking a probe into the alleged role of Reserve...
Oct 17, 20221 min read
Promoters of CD who extend the Personal/Corporate Guarantee, cannot claim to be a Financial Creditor
National Company Law Appellate Tribunal (NCLAT), New Delhi Bench comprising Justice Ashok Bhushan, Chairperson and Barun Mitra,...
Oct 17, 20228 min read
NCLT, Mumbai approves ArcelorMittal’s resolution plan for debt-laden Uttam Galva Steels Ltd
Uttam Galva Steels Ltd. was put under the Corporate Insolvency Resolution Process (CIRP) on an application by the State Bank of India SBI...
Oct 15, 20221 min read
Appellate Authority can't exercise power u/s 30(2) IBC to interfere with commercial wisdom of CoC
The National Company Law Appellate Tribunal (NCLAT), New Delhi Bench comprising Justice Ashok Bhushan, Chairperson, Ms. Shreesha Merla...
Oct 14, 20224 min read
Section 138 of NI Act would be applicable only where a legally enforceable debt exists on the date
The Supreme Court Bench comprising Justices Dr Dhananjaya Y Chandrachud and Hima Kohli was hearing an Appeal on Tuesday and held that...
Oct 13, 20228 min read
Four Non-Banking Financial Companies (NBFCs) surrender their Certificate of Registration to the RBI
The following four Non-Banking Financial Companies (NBFCs) have surrendered the Certificate of Registration (CoR) granted to them by the...
Oct 12, 20221 min read
Reserve Bank of India amends the regulatory framework of the Asset Reconstruction Companies (ARCs)
Asset Reconstruction Companies (ARCs) play a vital role in the management of distressed financial assets of banks and financial...
Oct 12, 20221 min read
Contingency Fund is a provision created in a Resolution Plan to avoid inevitable losses of creditors
The National Company Law Appellate Tribunal (NCLAT), Chennai Bench comprising Justice M. Venugopal, Judicial Member and Naresh Salecha,...
Oct 10, 20221 min read
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