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Corporate Debtor Cannot Deny Liability as Co-Borrower and Corporate Guarantor When Evidenced by Loan Agreements, Financial Records, and Prior Admissions
NCLAT held that the Corporate Debtor cannot deny its liability as a co-borrower and corporate guarantor when such obligations are...
Apr 23 min read
Tripartite Agreement Creating Direct Repayment Obligation on Corporate Debtor Qualifies Lending Bank as a Financial Creditor Under the IBC
NCLAT held that a tripartite agreement creating a direct repayment obligation on the Corporate Debtor qualifies the lending bank as a...
Apr 24 min read
Appellate Tribunal Directs NCLT to Re-examine Section 7 Application with Due Consideration of Evidence and Facts
The Appellate Tribunal has directed the NCLT to re-examine the Section 7 application, giving due consideration to the evidence and facts...
Apr 13 min read
Acknowledgment of Debt and a Fresh Promise to Pay Under Section 25(3) of the Indian Contract Act Can Extend Limitation for IBC Proceedings
NCLAT held that acknowledgment of debt and a fresh promise to pay under Section 25(3) of the Indian Contract Act, 1872, can extend the...
Apr 13 min read
Chandigarh DRT Presiding Officer Challenges Suspension Extension in Delhi High Court, Cites Unjust Harassment
Mr. M.M. Dhonchak, Presiding Officer of Debts Recovery Tribunal (DRT)-2, Chandigarh, has filed an appeal before the Division Bench of the...
Mar 312 min read
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