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Mere Fact of Being a Former Promoter or Director Did Not Make Him Ineligible to Submit a Resolution Plan
The National Company Law Appellate Tribunal (NCLAT), Delhi Bench comprising Justice Ashok Bhushan, Chairperson with Technical Members,...
Mar 1, 20242 min read
Standard Penalty Provisions and Security Measures in the Agreement Cannot Alter the Fundamental Character of the Transaction
The National Company Law Appellate Tribunal, Principal Bench, New Delhi headed by Justice Ashok Bhushan held that Standard penalty...
Mar 1, 20242 min read
Supreme Court's Personal Guarantor Insight Empowers Creditors in Insolvency Maze under IBC
Supreme Court's clarification on the legality of notifications related to personal guarantors (PGs) under the Insolvency and Bankruptcy...
Feb 25, 20243 min read
The Mediation Act 2023 receives the assent of the President
The Mediation Act, 2023 received the assent of the President on the 14th of September 2023. It has been published by the Legislative...
Sep 22, 20232 min read
Even though an alternative statutory remedy exists, High Court can still exercise its jurisdiction
Kerala High Court Single Judge Bench of Justice Gopinath P. held that even though an alternative statutory remedy exists, the Court can...
Aug 4, 20232 min read
Amount Claimed in the Demand Notice Under SARFAESI Act is relevant for determining the pre-deposit
The Debts Recovery Appellate Tribunal (DRAT), Allahabad Bench held that the amount claimed in the demand notice under section 13(2) of...
Jul 21, 20232 min read
If the SARFAESI Auction Sale is Not Confirmed, the Forfeiture of the Advance Amount is Not Valid
The Debts Recovery Appellate Tribunal (DRAT), Chennai Bench comprising Justice S. Ravikumar was hearing an appeal on SARFAESI Act and...
Jun 11, 20233 min read
High Court Prohibits Banks & FIs From Forcefully Seizing Vehicles Without Following Legal Procedures
The Patna High Court Single Judge Bench comprising Justice Rajeev Ranjan Prasad was hearing miscellaneous petitions and held that the...
Jun 6, 20233 min read
The auction purchaser is responsible for settling the electricity dues of the previous owner: All HC
The Division Bench of the Allahabad High Court comprising Justices Mrs. Sunita Agarwal and Vipin Chandra Dixit were hearing a Review...
Jun 6, 20232 min read
'Audi Alteram Partem' in Banking Law Ensures Fairness in Account Classification as Fraud: SC
The Supreme Court Bench comprising CJI. Dr. Dhananjaya Y. Chandrachud and Justice Hima Kohli were hearing miscellaneous appeals...
Jun 3, 20234 min read
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