Apr 92 minLegal heirs are not responsible for the partnership firm's debts upon the death of a partner Supreme Court held that the legal heirs of a deceased partner do not become liable for any liability of the firm upon the death of the...
Apr 82 minFiling Of Claims Under CIRP Within A Stipulated Timeline Though Important, Should Be Seen As A Directory Rather Than MandatoryThe NCLAT observed that filing of claims under CIRP within a stipulated timeline though important, should be seen as a directory rather...
Apr 82 minCommercial Transactions Are Outside The Purview Of The Consumer Protection Act, 1986The Supreme Court held that Commercial transactions are outside the purview of the Consumer Protection Act, 1986. The Supreme Court Bench...
Apr 72 minA Resolution Plan Must Ensure That Operational Creditors Receive At Least An Amount Equivalent To Their Liquidation ValueThe NCLAT held that a resolution plan must ensure that operational creditors receive at least an amount equivalent to their liquidation...
Apr 42 minSupreme Court Set Aside the Conviction Under Section 138 NI Act Case Based On Civil Court's Declaration That the Cheque was Issued Solely for Security PurposesThe Supreme Court set aside the conviction under the Section 138 NI Act case based on the civil court's declaration that the cheque was...