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NCLAT Quashes Contempt Conviction of Government Officials After Full Compliance and Unqualified Apology for Non-Wilful Breach of Liquidation Order
The NCLAT quashed the contempt conviction of government officials after they fully complied with the liquidation order and tendered an...
May 272 min read
IBC Recoveries Peak at 70% in Q4 FY2025 Amid Fewer Liquidations, but Resolution Delays and NCLT Bottlenecks Persist: ICRA
ICRA reports a record 70% recovery under the IBC in Q4 FY 2025 driven by large cases, even as resolution delays and NCLT inefficiencies...
May 272 min read
Essence of Contract, Forfeiture of Earnest Money, and Specific Pleadings in Enforcement of Sale Agreements: Supreme Court Ruling
The Supreme Court, in a recent ruling, examined the essence of contract, the forfeiture of earnest money, and the necessity of specific...
May 273 min read
NCLAT Affirms ‘Related Party’ Status Under IBC: Binding Utility Agreement Overrides Flawed Termination Claim
The NCLAT affirmed the 'related party' status of the Appellant under the IBC, holding that the binding Utility Operation and Management...
May 263 min read
NCLAT Upholds Validity of Going Concern Sale Under Amended Regulation 32A(4) and Affirms Clean Slate Protection for Successful Bidder
The NCLAT upheld the validity of the sale of the Corporate Debtor as a going concern conducted under the amended Regulation 32A(4) and...
May 263 min read
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