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CoC Directed to Reconsider MSME Promoter’s Request for Relaxation in Eligibility Criteria Before Proceeding with CIRP
NCLAT directed the CoC to reconsider the MSME promoter’s request for relaxation in eligibility criteria before proceeding with the CIRP....
Feb 254 min read
NCLAT Upholds Personal Guarantor's Liability and Creditor’s Right to Initiate Insolvency Proceedings Under Section 95 of IBC Despite Assignment of Debt
The NCLAT upheld the Personal Guarantor's liability and the Creditor’s right to initiate insolvency proceedings under Section 95 of the...
Feb 243 min read
RBI Issues Draft Guidelines on Foreclosure Charges and Pre-Payment Penalties for Loans – Seeks Public Comments
The Reserve Bank of India (RBI) has released a draft circular inviting comments from stakeholders and the public on its proposed...
Feb 242 min read
Supreme Court Rules on Priority of Charges and Enforceability of Equitable Mortgages Under the Transfer of Property Act, 1882
The Supreme Court Clarified the Priority of Charges and the Enforceability of Equitable Mortgages Under the Transfer of Property Act,...
Feb 226 min read
High Court Cannot Interdict Personal Insolvency Proceedings at a Premature Stage, Must Allow Statutory Process Under IBC to Take Its Course
The High Court erred in interdicting personal insolvency proceedings at a premature stage and failed to allow the statutory process under...
Feb 214 min read
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