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NCLAT Upholds SBI’s Right to Invoke Personal Guarantee and Initiate Insolvency Proceedings Against Guarantors Under Section 95 of IBC
NCLAT upheld SBI’s right to invoke the personal guarantee and initiate insolvency proceedings against the guarantors under Section 95 of...
Mar 264 min read
Statutory Assessments Permissible but Unenforceable During Moratorium; Claims Filed Post-Resolution Plan Approval Are Inadmissible
NCLAT held that while statutory assessments are permissible, they are unenforceable during the moratorium, and claims filed after the...
Mar 263 min read
Mere Pendency of Arbitration or Settlement Proposals Does Not Bar Admission of a Section 7 Application Once Debt and Default Are Established
NCLAT held that the mere pendency of arbitration or settlement proposals does not bar the admission of a Section 7 application once debt...
Mar 254 min read
Although Non-Adjudicatory, a Chief Judicial Magistrate’s Role Under Section 14 of the SARFAESI Act Mandates Due Application of Mind
The High Court held that although non-adjudicatory, a Chief Judicial Magistrate’s role under Section 14 of the SARFAESI Act mandates due...
Mar 253 min read
Statutory Claims Stand Extinguished If Not Submitted During CIRP – Supreme Court Reaffirms Binding Nature of Approved Resolution Plan
The Supreme Court reaffirmed that statutory claims stand extinguished if not submitted during the Corporate Insolvency Resolution Process...
Mar 213 min read
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