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Relocation of NCLT Kolkata Bench is a Policy Decision Not Warranting Judicial Interference in the Absence of Arbitrariness or Legal Infirmity
High Court held that the relocation of the NCLT Kolkata Bench is a policy matter for administrative efficiency and, in the absence of...
Mar 314 min read
Dissenting Creditors Get the First Slice: NCLAT Rules Pro-Rata Payout from Enhanced Resolution Value with Priority in Every Installment
NCLAT held that dissenting financial creditors are entitled to a pro-rata share of the enhanced resolution value and must be paid with...
Mar 294 min read
An Arbitral Award Cannot Be Set Aside Under Section 34 Merely Due to Erroneous Interpretation of Contractual Terms Unless It Suffers from Patent Illegality
The High Court held that an arbitral award cannot be set aside under Section 34 merely due to an erroneous interpretation of contractual...
Mar 273 min read
Personal Guarantor’s Liability Remains Enforceable Unless Expressly Discharged
NCLAT ruled that a personal guarantor’s liability remains enforceable unless expressly discharged by the creditor. The National Company...
Mar 274 min read
Banking Laws (Amendment) Bill, 2024: Key Reforms in Nomination, Substantial Interest, and Regulatory Compliance
Parliament has passed the Banking Laws (Amendment) Bill, 2024 , introducing significant reforms in banking regulations. The Rajya Sabha...
Mar 272 min read
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