Regulation 26(2) of the CIRP Regulations being a directory cannot override the power of the CoC
The NCLAT Delhi held that Regulation 26(2) of the CIRP Regulations, 2016 being a directory cannot override the power of the CoC which can...
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- 14 hours ago
- 1 min
SC denies entertaining SLP when the High Court has left open the question of "unjust enrichment"
Supreme Court denies entertaining SLP when the High Court has left open the question of "unjust enrichment". The Supreme Court Bench...
- 2 days ago
- 2 min
Centre notifies the appointment of judicial and technical members to various NCLT benches
The Ministry of Corporate Affairs on Friday notified the appointment of five judicial and five technical members to various NCLT benches....
- 4 days ago
- 2 min
NCLT doesn't have power to declare as illegal any of the provisions of the IBC 2016 or Regulations
The Delhi High Court ruled that the NCLT doesn't have the power to declare as illegal any of the provisions of the IBC 2016 Regulations....
- Dec 1
- 1 min
Bank holidays in December 2022: Full list of days when banks will be closed
As per the Reserve Bank of India’s (RBI) holiday calendar, banks in India will remain closed for 14 days in the month of December this...
- Nov 30
- 5 min
A Successful Bidder as a matter of right cannot lay a claim for an extension of time for the payment
NCLAT held that a Successful Bidder as a matter of right cannot lay a claim for an extension of time for the payment of the balance...
- Nov 29
- 1 min
IBBI releases Liquidation Processes ending with Order of Dissolution/Closure as on 31 October 2022
The Insolvency and Bankruptcy Board of India (IBBI) today released the list of Liquidation Processes ending with Order of Dissolution/...
- Nov 29
- 1 min
IBBI amends fee structures payable to the Insolvency and Bankruptcy Board of India
The Insolvency and Bankruptcy Board of India (Board) has recently amended its following regulations, vide which it has effected revision...
- Nov 25
- 2 min
If maintenance of premises is liability of OC, it cannot be a ground to reject Section 9 Application
The NCLAT held that if maintenance of premises is the liability of the Operational Creditor in which there are certain lapses, these...
- Nov 24
- 6 min
If the Secured Creditor takes action under SARFAESI Act, it would not bar the arbitration proceeding
The Delhi High Court held that If the Secured Creditor takes action under section 17 of the SARFAESI Act, it would not bar the...