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High Court Overrules Lookout Circular (LOC) for Loan Default: Reinforces Fundamental Right to Travel
The High Court overruled the Lookout Circular issued due to loan default, reinforcing the fundamental right to travel. The Delhi High...
Aug 29, 20242 min read


IBBI Invites EoI from Institutions to Develop a Post Graduate Insolvency Programme (PGIP) Aimed at Cultivating Highly Qualified Insolvency Resolution Experts
The Insolvency and Bankruptcy Board of India (IBBI) is seeking Expressions of Interest (EoI) from eligible institutions to conduct the...
Aug 28, 20241 min read


SARFAESI Proceedings Cannot Continue Post-Moratorium Under IBC if Sale Stage Not Reached
High Court held that the SARFAESI proceedings cannot continue post-moratorium under IBC if the sale Stage is not reached. The Delhi High...
Aug 25, 20242 min read


IBBI Invites Public Comments on Proposed Amendments to MSME Registration and Disclosure Framework under CIRP
The IBBI invites public comments on the proposed amendments to the MSME registration and disclosure framework under the CIRP. The...
Aug 23, 20243 min read


IBC provisions prevail over the SARFAESI Act, and the interim moratorium under Section 96 affects SARFAESI proceedings initiated post-moratorium
High Court held that IBC provisions prevail over the SARFAESI Act and that the interim moratorium under Section 96 affects SARFAESI...
Aug 23, 20243 min read


CBDT Chairman Assures Timely Overhaul of Income Tax Act Amid Successful Faceless Regime Rollout
The Central Board of Direct Taxes (CBDT) Chairman, Ravi Agrawal, has affirmed that the comprehensive review of the Income Tax Act of 1961...
Aug 22, 20241 min read


Supreme Court Seeks Nationwide Reforms for Bar Associations: Nodal Counsel Appointed to Oversee Suggestions and Enhancements
On August 21, 2024, the Supreme Court of India issued a significant directive aimed at reforming the functioning of Bar Associations...
Aug 22, 20242 min read


Government Appoints Nine Additional Judges as Permanent Members of Allahabad High Court
On August 21, 2024, the Government of India issued a significant notification through the Ministry of Law and Justice, confirming the...
Aug 22, 20242 min read


Public sector banks cannot arbitrarily withdraw an accepted One-Time Settlement (OTS) once the agreed amount has been fully paid
The High Court held that a public sector bank cannot arbitrarily withdraw an accepted One-Time Settlement (OTS) once the agreed amount...
Aug 21, 20243 min read


NCLAT Confirms SARFAESI Act Auction of Subsidiary Assets Doesn't Breach IBC Moratorium: Jurisdictional Clarity Affirmed
The NCLAT has affirmed that the auction of a subsidiary's assets under the SARFAESI Act does not violate Section 14(1)(d) of the IBC,...
Aug 21, 20243 min read
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