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NCLAT Upholds Exclusivity of CoC-Approved Resolution Plan, Rejects Promoter’s Attempt to Introduce Alternate Plan During Pending Approval
The NCLAT upheld the exclusivity of the resolution plan approved by the Committee of Creditors and rejected the promoter’s attempt to...
May 253 min read
Loan Disguised as Sale Found to Be Financial Debt: NCLAT Clarifies Scope of Commercial Borrowing under IBC
NCLAT held that a loan transaction disguised as a sale agreement constituted a commercial borrowing and qualified as a financial debt...
May 253 min read
High Court Quashes Unreasoned DRT Order; Emphasises Judicial Application of Mind, Urges Finance Ministry to Consider Officer Training
The High Court quashed an unreasoned order passed by the DRT, emphasised the necessity of judicial application of mind, and urged the...
May 252 min read
Department of Financial Services (DFS) organises a colloquium of Chairpersons of Debts Recovery Appellate Tribunals (DRATs) and Presiding Officers of Debt Recovery Tribunals (DRTs)
Various key initiatives taken by the Department highlighted at the colloquium, such as the adoption of revised DRT Regulations, mandatory...
May 251 min read
NCLAT Upholds CoC Supremacy, Strikes Down Judicial Overreach in Resolution Plan Approval
The NCLAT upheld the supremacy of the Committee of Creditors and struck down the NCLT’s judicial overreach in modifying a duly approved...
May 253 min read
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