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“Go to RBI”: Supreme Court Declines PIL Seeking Probe into Fraudulent Loan Transactions
The Supreme Court declined to entertain the public interest litigation seeking a probe into fraudulent loan transactions, directing the...
Jul 152 min read
Madras High Court Holds NCLT Bound to Appoint IRP Proposed by Corporate Debtor Under IBC
The Madras High Court held that the NCLT is bound to appoint the Interim Resolution Professional (IRP) as proposed by the Corporate...
Jul 143 min read
Secured Creditor Bound to Contribute Towards Workmen’s Dues Under SARFAESI Act; No Liability for Liquidation Costs Under IBC
NCLAT held that a secured creditor who realises its security interest under the SARFAESI Act is bound to contribute proportionately...
Jul 143 min read
Bombay HC: No NI Act Liability for Ex-Directors When Cheques Dishonoured During IBC Moratorium and Liquidation
The Bombay High Court held that no liability under the Negotiable Instruments Act can be imposed on former directors for dishonour of...
Jul 133 min read
Fresh Section 7 IBC Application Maintainable on Post-Restructuring Default Despite Prior Default Falling Within Section 10A: NCLAT
NCLAT held that a fresh application under Section 7 of the IBC is maintainable on account of a default committed under restructured...
Jul 133 min read
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