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Supreme Court Upholds Mandatory Statutory Arbitration u/s 11 SARFAESI Act for Inter-Creditor Disputes Involving Priority of Charge Between Banks on the Same Secured Asset
The Supreme Court has upheld mandatory statutory arbitration under Section 11 of the SARFAESI Act for inter-creditor disputes involving...
May 293 min read
NCLAT Sets Aside NCLT Order; Reaffirms That Silence to Section 8 Notice Does Not Bar Proof of Pre-Existing Dispute Under IBC
The NCLAT set aside the NCLT’s order and reaffirmed that failure to respond to a Section 8 notice does not bar the Corporate Debtor from...
May 293 min read
NCLAT Strikes Down Non-Speaking Order on IRP Fees, Commands Detailed Justification and Prompt Reconsideration
The NCLAT set aside the non-speaking order on IRP fees and directed a detailed justification along with a prompt reconsideration of the...
May 283 min read
NCLAT Rules with Finality: Security Deposit Without Time Value of Money is Not Financial Debt Under IBC
The NCLAT has ruled with finality that a security deposit lacking the element of time value of money does not qualify as a financial debt...
May 283 min read
Streamlined Compliance in CIRP: Launch of Revised Reporting Framework and Forms by IBBI
The IBBI has introduced a simplified and consolidated reporting framework for CIRP, replacing nine existing forms with five new ones...
May 283 min read
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