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Absence of Original Lessor’s Consent Renders Sub-Letting Invalid – Entire Property Rightfully Included in Liquidation Estate
NCLAT held that in the absence of the original lessor’s consent, the subletting arrangement was legally invalid, and consequently, the...
Apr 83 min read
Supreme Court: Limitation for Filing NCLAT Appeal Begins from Date of Pronouncement in Open Court, Not from Date of Receipt or Knowledge
The Supreme Court held that the limitation period for filing an appeal before the NCLAT begins from the date of pronouncement of the...
Apr 83 min read
Acknowledged Payment Within Limitation Period Extends Limitation under Section 19 of the Limitation Act for Section 9 IBC Application
NCLAT held that an acknowledged payment made within the limitation period extends the limitation under Section 19 of the Limitation Act,...
Apr 73 min read
Bar under Section 10A of IBC Applies Only to Defaults Solely Occurring During the Moratorium Period; Continuing Defaults Beyond the Period Not Exempt from CIRP
The High Court held that the bar under Section 10A of the IBC applies only to defaults that occurred solely during the moratorium period,...
Apr 73 min read
Revocation of Failed Settlement Does Not Extinguish Original Financial Debt – Section 7 Application Maintainable Based on Assigned Loan Agreements
NCLAT held that the revocation of a failed settlement agreement does not extinguish the original financial debt, and accordingly, a...
Apr 73 min read
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