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NCLAT Upholds CIRP Extension: Dissenting Creditor Cannot Undermine CoC’s Commercial Wisdom and Revival Efforts
The NCLAT upheld the CIRP extension, holding that a dissenting creditor cannot override the commercial wisdom of the Committee of...
Jun 63 min read
Essential Supply Protection under Section 14(2) IBC: Electricity Disconnection Prohibited During CIRP Moratorium Despite Non-Payment
NCLAT held that under Section 14(2) of the IBC, electricity as an essential supply cannot be disconnected during the CIRP moratorium...
Jun 63 min read
Limitations on Condonation: NCLAT Clarifies Inapplicability of Holiday Exclusion to Discretionary Period under Section 61(2) IBC
The NCLAT clarified that the exclusion of holidays under the Limitation Act does not apply to the discretionary 15-day condonation period...
Jun 54 min read
Calcutta High Court Upholds Employee’s Right to Full Gratuity Despite CIRP Approval; Declares Gratuity Outside Liquidation Estate Under IBC
The Calcutta High Court upheld the employee’s right to receive full gratuity despite the approval of the Resolution Plan under CIRP,...
Jun 53 min read
Bombay High Court: Mortgage of Leasehold Industrial Property Without MIDC Consent Not Void; MIDC Lacks Power to Impose Subletting Charges
Bombay High Court held that the mortgage of leasehold industrial property without the prior consent of MIDC was not void, and further...
Jun 53 min read
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