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Ex-Director Lacks Locus to Challenge Resolution Plan; NCLAT Upholds CoC’s Commercial Wisdom and Dismisses Appeal
NCLAT upheld the CoC’s commercial wisdom and dismissed the appeal, holding that the ex-director lacked the locus to challenge the...
Feb 84 min read
Provident Fund Dues Are Excluded from the Liquidation Estate, Making Them Immune from the Waterfall Mechanism and Requiring Full Payment
NCLAT held that provident fund dues under Sections 7Q and 14B of the EPF Act were excluded from the liquidation estate under Section...
Feb 73 min read
NCLAT Upholds Dismissal of Section 7 Petition Due to Lack of Substantiating Evidence and Binding Arbitral Award
The NCLAT upheld the dismissal of the Section 7 petition due to a lack of substantiating evidence and the existence of a binding arbitral...
Feb 74 min read
Corporate Debtor’s Willful Non-Appearance and Undisputed Default Justify Admission into CIRP: NCLAT Dismisses Appeal
NCLAT dismissed the appeal, holding that the Corporate Debtor’s willful non-appearance and undisputed default justified its admission...
Feb 73 min read
Acquittal in Criminal Proceedings Does Not Preclude Disciplinary Action; Supreme Court Upholds Dismissal for Bank Fraud
The Supreme Court held that an acquittal in criminal proceedings does not preclude disciplinary action and upheld the respondent’s...
Feb 73 min read
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