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Any OTS Proposal which was submitted if it contains acknowledgement, the limitation will be extended
The National Company Law Appellate Tribunal (NCLAT), New Delhi Bench comprising Justice Ashok Bhushan, Chairperson and Barun Mitra,...
May 15, 20232 min read
If the bank refuses to extend credit facilities, the borrower has no option but to clear their dues
The Supreme Court bench comprising Justices Abhay S. Oka and Rajesh Bindal was hearing an appeal on Thursday and held that if the bank...
May 14, 20234 min read
CMM/ DM does not need to adjudicate any dispute between the borrower, secured creditor & 3rd parties
The Bombay High Court bench comprising Justices Nitin Jamdar and Abhay Ahuja was recently hearing a Petition on the SARFAESI proceeding...
May 6, 20232 min read
Aggrieved party has a remedy u/s 17 of the SARFAESI Act against any step taken by the Bank u/s 13(4)
The Supreme Court bench comprising Justices M. R. Shah and C.T. Ravikumar was on Tuesday, hearing an appeal on the SARFAESI proceeding...
May 4, 20236 min read
Without there being any demand to the Guarantor, the period of limitation cannot be commenced
As per clauses of the Deed of Guarantee, it is clear that although the Guarantor immediately become liable for any default committed by...
Apr 29, 20233 min read
The jurisdiction of civil court is limited in respect of matters in which a DRT or DRAT is empowered
The Supreme Court bench comprising Justices B.R. Gavai and Aravind Kumar was recently hearing an appeal on the SARFAESI Act proceeding...
Apr 28, 20234 min read
Bank cannot forfeit earnest money deposited by the successful bidder if some facts are hidden
The Supreme Court bench comprising Justices Ajay Rastogi and Bela M. Trivedi was recently hearing an interesting appeal in an auction...
Apr 24, 20234 min read
IBBI announces final panel of Insolvency Professionals for the period of 1 January to 30 June 2023
The Insolvency and Bankruptcy Board of India (IBBI) announced the final panel of Insolvency Professionals for the period of 1 January...
Feb 16, 20231 min read
Any letter by the CD mentioning dues of loan amount has to be treated as an acknowledgement of dues
The NCLAT Delhi held that Any letter by the Corporate Debtor mentioning dues of the loan amount has to be treated as an acknowledgement...
Feb 1, 20232 min read
IBBI finalises the panel of Insolvency Professionals for the period of January 1 to June 30, 2023
Insolvency and Bankruptcy Board of India (IBBI) finalised the Panel of Insolvency Professionals (IPs) for the period from January 1, 2023...
Jan 10, 20231 min read
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