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Pre-Existing Dispute over Special Quantity Discounts Bars Admission of Section 9 IBC Application
NCLAT held that the pre-existing dispute over special quantity discounts barred the admission of the Section 9 application under the...
Jul 233 min read
NCLAT: Mere Project Ownership Insufficient to Establish IBC Liability Without Privity of Contract
The NCLAT held that mere ownership of a project is insufficient to establish liability under the IBC in the absence of a privity of...
Jul 223 min read
Mortgagor’s Right to Redeem Usufructuary Mortgage Not Time-Barred, Continues Until Decree of Sale
The High Court held that the mortgagor’s right to redeem a usufructuary mortgage is not time-barred and continues until a decree of sale...
Jul 223 min read
SC Clarifies: Partnership Firm Not Distinct Entity; Partners’ Joint and Personal Liability Upheld for Cheque Dishonour
The Supreme Court clarified that a partnership firm is not a distinct legal entity and upheld that partners bear joint and personal...
Jul 213 min read
Auction Cancellation Not Automatic on Payment Delay; NCLAT Upholds Liquidator’s Discretion in IBC Framework
The NCLAT held that auction cancellation is not automatic upon delay in payment of the balance consideration and upheld the liquidator’s...
Jul 213 min read
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