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NCLAT New Delhi: An agreement without consideration is void unless it is in writing and registered
The National Company Law Appellate Tribunal (NCLAT), New Delhi bench comprising the Chairperson Justice Ashok Bhushan and the Technical...
Sep 30, 20225 min read


Insolvency and Bankruptcy Board of India celebrates its Sixth Annual Day
The Insolvency and Bankruptcy Code, 2016 (Code) aims to reorganisation and insolvency resolution of corporate persons, partnership firms...
Sep 29, 20222 min read


IBBI notifies the IBBI (Insolvency Professionals) (Fourth Amendment) Regulations, 2022
THE GAZETTE OF INDIA EXTRAORDINARY PART III, SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, WEDNESDAY, SEPTEMBER 28, 2022 INSOLVENCY AND...
Sep 29, 20226 min read


S 7(5)(b) is applied before rejection of a claim if an Appeal is a sequel to the original proceeding
The Supreme Court bench comprising Justices Indira Banerjee and J.K. Maheshwari was recently hearing an Appeal on the issue of limitation...
Sep 28, 202210 min read


CMM/DM does not require to adjudicate disputes between Borrower/Third Party and Secured Creditor: SC
The Supreme Court bench comprising Justices M.R. Shah and Krishna Murari was hearing an Appeal yesterday and held that the powers...
Sep 27, 20229 min read


RBI cancels the licence of The Laxmi Co-operative Bank Limited, Solapur, Maharashtra
The Reserve Bank of India (RBI), vide order dated 14 September 2022, has cancelled the licence of “The Laxmi Co-operative Bank Limited,...
Sep 26, 20222 min read


RBI imposes monetary penalty on Hissar Urban Co-operative Bank for contravention of regulatory norms
The Reserve Bank of India (RBI) has imposed, by an order dated 23 September 2022, a monetary penalty of ₹3.00 lakh (Rupees Three Lakh...
Sep 26, 20221 min read


Margin money against LC is not included as a security and is not an 'asset' of the Corporate Debtor
The National Company Law Appellate Tribunal (NCLAT), New Delhi bench comprising Justice Anant Bijay Singh, Judicial Member and Ms....
Sep 25, 202212 min read


There is no reason why proceedings u/s 7 IBC cannot be initiated against both the Corporate Debtors
The Supreme Court Bench comprising Justices Indira Banerjee and J.K. Maheshwari was hearing an Appeal yesterday and held that If there...
Sep 23, 20228 min read


Proceedings in good faith in a forum which lacks jurisdiction may save limitation: Supreme Court
The Supreme Court Bench comprising Justices Indira Banerjee and J.K. Maheshwari was hearing an interesting issue of limitation in an...
Sep 22, 20225 min read
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