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Reinitiation of SARFAESI Proceedings Not a Valid Ground to Claim Refund of Forfeited Earnest Money under Rule 9(5)
High Court held that the reinitiation of SARFAESI proceedings by the bank does not constitute a valid ground to seek refund of forfeited...
May 113 min read
Supreme Court Reaffirms: NCLAT Cannot Condonate Delay Beyond 45 Days Under Section 61(2) of the IBC
The Supreme Court reaffirmed that the NCLAT cannot condone any delay beyond 45 days under Section 61(2) of the Insolvency and Bankruptcy...
May 93 min read
No Operational Debt for Director Without Independent Remuneration Approval; Pre-Existing Dispute Bars Section 9 IBC Petition
NCLAT held that no operational debt arises in favour of a director in the absence of independent board-approved remuneration, and that...
May 83 min read
The NCLT cannot reject a duly approved resolution plan and order liquidation of the corporate debtor; NCLAT Sets Aside NCLT’s Liquidation Order
The NCLAT set aside the NCLT’s liquidation order on the grounds that it was passed without issuing notice to the resolution applicant and...
May 73 min read
Why No Full-Time Members at NCLT Indore Since 2017? MP High Court Seeks Centre’s Justification for Non-Posting Despite Member Availability
MP High Court sought the Centre’s justification for not having posted full-time members at the NCLT Indore Bench since its establishment...
May 53 min read
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