A speculative investor cannot be considered a Financial Creditor under Section 5(8)(f) of the Insolvency and Bankruptcy Code
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The NCLAT held that a speculative investor in real estate cannot be considered a Financial Creditor under Section 5(8)(f) of the...
- Mar 21
- 2 min
Committee of Creditors cannot consider a resolution plan from an applicant whose name is not included in the final list of Prospective Resolution Applicants
The National Company Law Appellate Tribunal (NCLAT), Principal Bench comprising Justice Ashok Bhushan (Chairperson) and Barun Mitra &...
- Mar 21
- 5 min
New 45-day Payment Rule for MSMEs and the Introduction of Section 43B(h) to the Income Tax Act
Introduction Starting from the fiscal year 2024-25, a new regulation has been implemented for Indian companies regarding the settlement...
- Mar 20
- 2 min
Government Considering Amendments to SARFAESI and DRT Laws, Proposing Legal Validity for E-Notices
The Finance Ministry conducted thorough discussions with senior bank officials and Debts Recovery Tribunals (DRTs) to improve the...
- Mar 19
- 2 min
An arbitration clause in the contract prevents arbitration until alternative remedies are made by the government
Delhi High Court observed that an arbitration clause in the contract prevents arbitration until alternative remedies are made by the...
- Mar 15
- 2 min
NCLT reaffirms the RP's entitlement to possession of the assets of the Corporate Debtor under IBC, overriding any conflicting provisions of the State Financial Corporation Act, 1951
The National Company Law Tribunal (NCLT), Kolkata Bench reaffirms the Resolution Professional's entitlement to possession of the assets...
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