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Transfer of Case by NCLT President Valid; NCLAT Holds No Appeal Maintainable Under IBC and Clarifies Remedy Lies Under Companies Act
NCLAT held that the transfer of the case by the NCLT President was valid, clarified that no appeal is maintainable under the IBC against...
Jul 203 min read
NCLAT Reaffirms Section 59 Timelines; Rejects Delayed Intervention in Voluntary Liquidation
The NCLAT reaffirmed the strict timelines under Section 59 of the IBC and rejected the delayed intervention application filed during the...
Jul 203 min read
Contribution Secured by Promissory Note Qualifies as Financial Debt under IBC; NCLAT Upholds CIRP Admission
The National Company Law Appellate Tribunal held that a contribution secured by a promissory note qualifies as a financial debt under the...
Jul 183 min read
Recovery Suit Against Bank for Fraudulent Withdrawals from Current Account Maintainable Before Commercial Court: Karnataka High Court
The High Court held that a recovery suit against the bank for fraudulent withdrawals from a current account is maintainable before the...
Jul 172 min read
Unregistered Tenancy Claim Fails to Block Secured Creditor’s Possession under SARFAESI: Supreme Court
The Supreme Court held that an unregistered tenancy claim could not defeat the secured creditor’s right to take possession of the...
Jul 173 min read
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