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Dishonour of Cheques During CIRP and Liquidation Not Attributable to Former Directors: Bombay High Court Quashes Criminal Proceedings
Bombay High Court held that dishonour of cheques during the Corporate Insolvency Resolution Process and liquidation cannot be attributed...
Jul 7, 20253 min read
Insolvency and Bankruptcy Code Cannot Override PMLA; ED’s Asset Attachment to Remain, Rules NCLAT
The National Company Law Appellate Tribunal (NCLAT) has ruled that the Insolvency and Bankruptcy Code (IBC) cannot override the...
Jul 7, 20254 min read
SC Seeks Immediate Repossession of CJI Bungalow from Justice Chandrachud After Extended Stay Beyond Permissible Limit
Supreme Court asks Centre to reclaim official CJI residence from Justice D.Y. Chandrachud, citing overstay beyond permitted...
Jul 6, 20252 min read
RBI’s Deputy Governor Pushes for Real-Time Credit Reporting and Standardised Borrower IDs to Deepen Trust and Democratise Credit Access
RBI Deputy Governor M. Rajeshwar Rao urged Credit Information Companies to adopt real-time credit data reporting and implement...
Jul 4, 20252 min read
NCLAT Holds Discretion Under Section 7 Not Permissible Once Debt and Default Are Established; Sets Aside Rejection Based on Misapplication of Vidarbha
The NCLAT held that discretion under Section 7 of the IBC is not permissible once debt and default are established, and accordingly set...
Jul 3, 20254 min read
NCLAT Invokes Inherent Jurisdiction to Set Aside CIRP Admission Without Requiring Section 12A Withdrawal in Absence of Other Claims
The National Company Law Appellate Tribunal (NCLAT) invoked its inherent jurisdiction to set aside the admission of the Corporate...
Jul 3, 20253 min read
NCLAT Sets Aside Mechanical Rejection for Lack of Individual Assessment; Revives Allottee Claims for Fresh Consideration
The National Company Law Appellate Tribunal (NCLAT) set aside the mechanical rejection of claims for lack of individual assessment by the...
Jul 2, 20253 min read
Guarantors of Sole Proprietorship Firms Cannot Invoke Interim Moratorium Under Section 96 to Stall SARFAESI Proceedings
The Madhya Pradesh High Court held that guarantors of sole proprietorship firms cannot invoke the interim moratorium under Section 96 of...
Jul 2, 20253 min read
EPFO Bound by BIFR’s Final Rehabilitation Scheme: Tribunal Quashes Rejection of Section 14B Waiver
The Central Government Industrial Tribunal (CGITLC) held that the Employees’ Provident Fund Organisation (EPFO) is bound by the final...
Jul 2, 20253 min read
NCLAT Sets Aside Rejection of Homebuyer’s Claim Based on Cash Payment Dispute, Upholds Evidentiary Value of Settlement and Allotment Documents
The NCLAT set aside the rejection of the homebuyer’s claim based on a cash payment dispute and upheld the evidentiary value of the...
Jul 1, 20253 min read
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