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NCLAT Sets Aside NCLT’s Rejection, Affirms Rectification under Rule 154 Maintainable Within Two Years of Final Order
The NCLAT set aside the NCLT’s rejection and affirmed that a rectification application under Rule 154 of the NCLT Rules, 2016, is...
Jul 253 min read
Pre-existing Dispute Due to Contract Termination Bars CIRP Initiation under Section 9 of IBC, Rules NCLAT
The NCLAT ruled that the initiation of CIRP under Section 9 of the IBC was barred due to a pre-existing dispute arising from the...
Jul 243 min read
SC Clarifies Section 18 of MSMED Act: Limitation Act Applies to Arbitration, Not Conciliation, in Time-Barred Claims
The Supreme Court clarified that under Section 18 of the MSMED Act, the Limitation Act applies to arbitration proceedings but not to...
Jul 244 min read
Only a Person with Legal Interest—Borrower, Mortgagor, Guarantor, or Protected Tenant—Can Challenge SARFAESI Action Under Article 226
The High Court ruled that only a person with a legal interest—such as a borrower, mortgagor, guarantor, or protected tenant—can challenge...
Jul 232 min read
Allegations of Coercion Cannot Invalidate Withdrawal of CIRP Without Legal Proof, Rules NCLAT
NCLAT ruled that allegations of coercion cannot invalidate the withdrawal of CIRP under Section 12A of the IBC in the absence of legal...
Jul 233 min read
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