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A duly audited Balance Sheet will act as an acknowledgement of debt
The National Company Law Appellate Tribunal (NCLAT), New Delhi bench comprising Justice Rakesh Kumar, Judicial Member and Dr. Ashok Kumar...
Aug 6, 20221 min read


The right to cross-examine the respondent-complainant cannot be denied to the appellant under NI Act
The Supreme Court three-judge bench comprising Justices Uday Umesh Lalit, S. Ravindra Bhat and Sudhanshu Dhulia was hearing an Appeal of...
Aug 5, 20222 min read


Application u/s 7 IBC would not be barred if there is a valid acknowledgement of the debt by the CD
The Supreme Court bench comprising Justices Indira Banerjee and J.K. Maheshwari was hearing an Appeal on Monday on the issue of...
Aug 4, 20224 min read


Every person connected with the company does not fall within the ambit of Section 141 of the NI Act
The Supreme Court bench comprising Justices Indira Banerjee and J.K. Maheshwari on Monday was hearing an Appeal on the inherent powers of...
Aug 3, 20223 min read


Addnl. Distt. Magistrate/Addnl.Chief Metropolitan Magistrate can exercise powers u/s 14 SARFAESI Act
The Supreme Court Bench comprising of Justices M.R. Shah and B.V. Nagarathna was recently hearing an Appeal of a borrower feeling...
Aug 2, 20225 min read


MCA is inviting Applications for the posts of Judicial Members and Technical Members in the NCLTs
Ministry of Corporate Affairs (MCA) is inviting online Applications for the 08 (eight) posts of Judicial Members and 11 (eleven) posts of...
Aug 1, 20221 min read


Financial Creditor was found guilty of committing fraud, a penalty of ₹ 50 lakh was imposed: NCLT
The National Company Law Tribunal (NCLT), Kolkata comprising the Judicial Member Mr. Rohit Kapoor and the Technical Member Mr. Harish...
Jul 31, 20223 min read


Any Agreement by Corporate Debtor with 3rd parties cannot dilute the debt due to Financial Creditors
The National Company Law Appellate Tribunal, Principal Bench, New Delhi, comprising the Chairperson Justice Ashok Bhushan and the...
Jul 23, 20225 min read


16th Advanced Workshop on Case Study of Successful Resolution of Essar Steel & Ruchi Soya for IPs
The Insolvency and Bankruptcy Board of India (IBBI) is conducting a one-day Advanced Workshop on Case Study of Successful Resolution of...
Jul 21, 20221 min read


Govt appoints Jayanti Prasad, as a Whole-time member of the Insolvency and Bankruptcy Board of India
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 14th July, 2022 S.O. 3212(E).— In exercise of the powers conferred by section...
Jul 21, 20221 min read
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