Insolvency process: RBI Deputy Guv pitches for enforceable code of conduct for CoC

3 months, 3 weeks ago

Insolvency process: RBI Deputy Guv pitches for enforceable code of conduct for CoC

New Delhi, Dec 7 Reserve Bank Deputy Governor M Rajeshwar Rao on Saturday pitched for an enforceable code of conduct for the Committee of Creditors under the insolvency resolution process. Even when the resolution plan is agreed upon, Rao said there have been instances of non-participation in the CoC meetings and a lack of effective engagement, coordination or information exchange among the members. The RBI Deputy Governor also made various suggestions to further improve the insolvency resolution process, including addressing delaying tactics used by corporate debtors and having a better understanding of the reasons behind defaults. IBBI Chairperson Ravi Mital said it will be introducing certain things related to mediation pertaining to the insolvency resolution process.

Insolvency Resolution Rao Coc Ibc Deputy Governor Enforceable Code Process Rbi

Operational Creditors Cannot Question Approval Of Resolution Plan That Provides Them With More Than Liquidation Value: NCLAT

4 weeks ago

Operational Creditors Cannot Question Approval Of Resolution Plan That Provides Them With More Than Liquidation Value: NCLAT

Resolution

NCLT Orders Disciplinary Proceedings Against Resolution Professional Of BYJU's, Says He Acted With Prejudice To Mislead Tribunal

1 month, 4 weeks ago

NCLT Orders Disciplinary Proceedings Against Resolution Professional Of BYJU's, Says He Acted With Prejudice To Mislead Tribunal

Disciplinary Proceedings

Commercial Wisdom Of CoC To Distribute Amount Based On Security Interest Under Resolution Plan Cannot Be Interfered With: NCLAT

2 months ago

Commercial Wisdom Of CoC To Distribute Amount Based On Security Interest Under Resolution Plan Cannot Be Interfered With: NCLAT

Security

IBC | For Resolution Plan Involving Combination, Prior Approval Of Competition Commission Mandatory Before CoC Examination : Supreme Court

2 months ago

IBC | For Resolution Plan Involving Combination, Prior Approval Of Competition Commission Mandatory Before CoC Examination : Supreme Court

Supreme Court

Commercial Wisdom Of CoC In Opting For Liquidation And Rejecting Resolution Plan Of Ineligible Applicant Is “Non-Justiciable”: NCLAT

2 months, 3 weeks ago

Commercial Wisdom Of CoC In Opting For Liquidation And Rejecting Resolution Plan Of Ineligible Applicant Is “Non-Justiciable”: NCLAT

Corporate

Unsuccessful Resolution Applicant Has No Locus To Challenge Approval Of Resolution Plan By CoC: NCLT Kolkata

2 months, 3 weeks ago

Unsuccessful Resolution Applicant Has No Locus To Challenge Approval Of Resolution Plan By CoC: NCLT Kolkata

Corporate

Once CoC Approves Resolution Plan Then No Claim Is To Be Entertained: NCLAT

3 months, 1 week ago

Once CoC Approves Resolution Plan Then No Claim Is To Be Entertained: NCLAT

Claims

Resolution Plan Approved By CoC Binds All Stakeholders Including Dissenting Financial Creditor: NCLAT

3 months, 2 weeks ago

Resolution Plan Approved By CoC Binds All Stakeholders Including Dissenting Financial Creditor: NCLAT

Financial

IBC: RBI Deputy Governor Rao calls for enforceable code of conduct for CoCs

3 months, 2 weeks ago

IBC: RBI Deputy Governor Rao calls for enforceable code of conduct for CoCs

New Indian Express

Rao

SBI-led committee to be set up to formulate new list of large stressed accounts with banks for resolution under IBC

3 months, 3 weeks ago

SBI-led committee to be set up to formulate new list of large stressed accounts with banks for resolution under IBC

Resolution

Approval Of Resolution Plan By CoC Cannot Be Interfered With Unless Section 30(2) Of Code Is Breached: NCLAT

3 months, 3 weeks ago

Approval Of Resolution Plan By CoC Cannot Be Interfered With Unless Section 30(2) Of Code Is Breached: NCLAT

Corporate

Decision To Consolidate CIRP Can Be Taken By CoC And Not By Suspended Director Of Corporate Debtors: NCLT Hyderabad

4 months ago

Decision To Consolidate CIRP Can Be Taken By CoC And Not By Suspended Director Of Corporate Debtors: NCLT Hyderabad

Corporate

Any Amount Proposed In Settlement Plan U/S 12A Of IBC Cannot Be Refunded If Plan Is Approved: NCLAT

4 months, 3 weeks ago

Any Amount Proposed In Settlement Plan U/S 12A Of IBC Cannot Be Refunded If Plan Is Approved: NCLAT

Corporate

IBC Shall Prevail Over TRAI Act, Any Penalty Imposed By TRAI To Be Recovered As Per Scheme Of IBC: NCLAT

4 months, 3 weeks ago

IBC Shall Prevail Over TRAI Act, Any Penalty Imposed By TRAI To Be Recovered As Per Scheme Of IBC: NCLAT

Security

Liquidation Is Last Resort, Broader Public Interest In Resolving Corporate Insolvency Should Be Taken Into Account: NCLT Kolkata

7 months, 4 weeks ago

Liquidation Is Last Resort, Broader Public Interest In Resolving Corporate Insolvency Should Be Taken Into Account: NCLT Kolkata

Corporate

Weekly Digest Of IBC Cases: 22nd July 2024 To 28th July 2024

8 months ago

Weekly Digest Of IBC Cases: 22nd July 2024 To 28th July 2024

Delhi

Directing Corporate Debtor To Civil Courts Or Arbitration For Admitted Dues Undermines IBC Objectives: NCLT Mumbai

8 months ago

Directing Corporate Debtor To Civil Courts Or Arbitration For Admitted Dues Undermines IBC Objectives: NCLT Mumbai

Mumbai

Why the Delhi HC's push for a code of conduct is a crucial step for insolvency reform

8 months, 1 week ago

Why the Delhi HC's push for a code of conduct is a crucial step for insolvency reform

New Indian Express

Court

Half Yearly Digest Of IBC Cases : January To June,2024

8 months, 2 weeks ago

Half Yearly Digest Of IBC Cases : January To June,2024

India

NCLAT Delhi: Section 95(1) Of IBC Permits Creditors To Initiate Insolvency Proceedings Against Personal Guarantors Via A Resolution Professional

9 months, 2 weeks ago

NCLAT Delhi: Section 95(1) Of IBC Permits Creditors To Initiate Insolvency Proceedings Against Personal Guarantors Via A Resolution Professional

Delhi

CoC Is Empowered To Liquidate Corporate Debtor Any Time After It's Constitution Or Before Resolution Plan Is Confirmed: NCLT Delhi

9 months, 3 weeks ago

CoC Is Empowered To Liquidate Corporate Debtor Any Time After It's Constitution Or Before Resolution Plan Is Confirmed: NCLT Delhi

Corporate

NCLAT Delhi: Adjudicating Authority Can Extend Payment Timelines Under Resolution Plan Without Express Concurrence Of CoC

10 months, 2 weeks ago

NCLAT Delhi: Adjudicating Authority Can Extend Payment Timelines Under Resolution Plan Without Express Concurrence Of CoC

Delhi

NCLAT Delhi; IBC Does Not Provide Any Scope For Dissatisfied Homebuyers In Minority To Override Majority Decision Of COC

1 year ago

NCLAT Delhi; IBC Does Not Provide Any Scope For Dissatisfied Homebuyers In Minority To Override Majority Decision Of COC

Mumbai

Section 7 IBC Petition Can't Be Filed By Power Of Attorney Holder Unless Authorized By Board Resolution: NCLT Hyderabad

1 year ago

Section 7 IBC Petition Can't Be Filed By Power Of Attorney Holder Unless Authorized By Board Resolution: NCLT Hyderabad

Financial

NCLAT Delhi: Non-Grant Of Reliefs And Concessions By NCLT Does Not Have Any Adverse Effect On The Validity Of The Resolution Plan And Is Not Violative Of The Law

1 year ago

NCLAT Delhi: Non-Grant Of Reliefs And Concessions By NCLT Does Not Have Any Adverse Effect On The Validity Of The Resolution Plan And Is Not Violative Of The Law

Law

Settle disputes by mediation: IBBI panel recommends

1 year, 1 month ago

Settle disputes by mediation: IBBI panel recommends

Mediation

NCLAT Delhi: Decisions To Liquidate Corporate Debtor By CoC U/S 33(2) Of IBC Must Be With Reasons And Cannot Be Done Arbitrarily

1 year, 3 months ago

NCLAT Delhi: Decisions To Liquidate Corporate Debtor By CoC U/S 33(2) Of IBC Must Be With Reasons And Cannot Be Done Arbitrarily

Corporate

Supreme Court Upholds Constitutionality Of IBC Provisions Relating To Personal Guarantors; Says Adjudicatory Role Can't Be Read Into Sec 97

1 year, 4 months ago

Supreme Court Upholds Constitutionality Of IBC Provisions Relating To Personal Guarantors; Says Adjudicatory Role Can't Be Read Into Sec 97

India

Why Centre should prioritise IBC's alignment with other laws

1 year, 6 months ago

Why Centre should prioritise IBC's alignment with other laws

India

NCLAT Delhi Reverses The Decision Of NCLT, Upholds CoC’s Decision To Accept Relinquishment Of Personal Guarantee On Payment

1 year, 7 months ago

NCLAT Delhi Reverses The Decision Of NCLT, Upholds CoC’s Decision To Accept Relinquishment Of Personal Guarantee On Payment

Personal

Since CoC Is Re-Constituted Post Approval Of Plan, It Must Be Again Examined By The New CoC: NCLAT Delhi

1 year, 9 months ago

Since CoC Is Re-Constituted Post Approval Of Plan, It Must Be Again Examined By The New CoC: NCLAT Delhi

Resolution

NCLAT Delhi Upholds Remitting Of Resolution Plan Back To COC For Compliance Of Sec 30(2) IBC

2 years ago

NCLAT Delhi Upholds Remitting Of Resolution Plan Back To COC For Compliance Of Sec 30(2) IBC

Corporate

Weekly Digest Of IBC Cases: 27 February To 6 March 2023

2 years ago

Weekly Digest Of IBC Cases: 27 February To 6 March 2023

Corporate

Shifting Entire Blame On IRP Not Justified; Creditors Must Also Play Catalytic Role In CIRP: NCLAT Delhi

2 years, 1 month ago

Shifting Entire Blame On IRP Not Justified; Creditors Must Also Play Catalytic Role In CIRP: NCLAT Delhi

Corporate

Ministry Of Corporate Affairs Invites Public Comments On Proposed Changes In IBC

2 years, 2 months ago

Ministry Of Corporate Affairs Invites Public Comments On Proposed Changes In IBC

Corporate

No Ipso Facto Absolvement Of Guarantor’s Liability Upon Approval Of Resolution Plan: Allahabad High Court

2 years, 2 months ago

No Ipso Facto Absolvement Of Guarantor’s Liability Upon Approval Of Resolution Plan: Allahabad High Court

Corporate

When COC Approves A Resolution Plan, It Is Presumed To Be Viable And Feasible: NCLAT Delhi

2 years, 3 months ago

When COC Approves A Resolution Plan, It Is Presumed To Be Viable And Feasible: NCLAT Delhi

Resolution

Monthly Digest Of IBC Cases: December 2022

2 years, 3 months ago

Monthly Digest Of IBC Cases: December 2022

Law

Why India's bankruptcy regime needs to be fixed

2 years, 3 months ago

Why India's bankruptcy regime needs to be fixed

India

COC's Decision For Liquidation Is Open To Judicial Review By NCLT And NCLAT: NCLAT Delhi

2 years, 5 months ago

COC's Decision For Liquidation Is Open To Judicial Review By NCLT And NCLAT: NCLAT Delhi

Corporate

Monthly Digest Of IBC Cases: September 2022

2 years, 6 months ago

Monthly Digest Of IBC Cases: September 2022

Law

COC To Function As Stakeholder's Consultation Committee For First 60 Days: IBBI Amends Liquidation Process Regulations

2 years, 6 months ago

COC To Function As Stakeholder's Consultation Committee For First 60 Days: IBBI Amends Liquidation Process Regulations

Process

RP And COC Can Request Resolution Plan For A Second Time; IBBI Notification

2 years, 6 months ago

RP And COC Can Request Resolution Plan For A Second Time; IBBI Notification

Information

Issue Of CIRP Cost To Be Decided In COC MEETING, Not By Adjudicating Authority : NCLAT Delhi

2 years, 6 months ago

Issue Of CIRP Cost To Be Decided In COC MEETING, Not By Adjudicating Authority : NCLAT Delhi

Insolvency

'Liquidation Last Resort', NCLT Directs COC To Re-Consider The Rejected Resolution Plan: NCLT Mumbai

2 years, 7 months ago

'Liquidation Last Resort', NCLT Directs COC To Re-Consider The Rejected Resolution Plan: NCLT Mumbai

Resolution

IBC Cases Weekly Round Up: 20 June To 26 June, 2022

2 years, 9 months ago

IBC Cases Weekly Round Up: 20 June To 26 June, 2022

Corporate

Let’s promote mediation as a way to resolve IBC delays

2 years, 9 months ago

Let’s promote mediation as a way to resolve IBC delays

India

Monthly Digest Of IBC Cases: May 2022

2 years, 10 months ago

Monthly Digest Of IBC Cases: May 2022

Supreme Court

IBBI Rescinds Its Previous Circulars

2 years, 10 months ago

IBBI Rescinds Its Previous Circulars

Circular

Discover Related

Poonam Gupta appointed RBI Dy Governor: Statement

11 hours, 33 minutes ago

Poonam Gupta appointed RBI Dy Governor: Statement

Mumbai, Apr 3 The government has appointed Poonam Gupta, Director General of NCAER, as Deputy Governor of RBI, the central bank said in a statement on Thursday. Currently, Gupta is …

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Supreme Court upholds Piramal’s resolution plan for DHFL, grants it proceeds of funds recovered

Trending 2 days, 13 hours ago

Supreme Court upholds Piramal’s resolution plan for DHFL, grants it proceeds of funds recovered

The Supreme Court on Tuesday ruled that funds recovered from the fraudulent transactions at Dewan Housing Finance Corporation Ltd will go to Piramal Capital & Housing Finance Ltd, the successful …

Court Resolution Resolution Plan Plan

NCLT issues notice to Shapoorji Pallonji Group over insolvency plea

2 days, 15 hours ago

NCLT issues notice to Shapoorji Pallonji Group over insolvency plea

The National Company Law Tribunal -Mumbai on Tuesday issued a notice to real estate giant Shapoorji Pallonji & Co. Pvt. The firm requested the NCLT to initiate insolvency proceedings against …

Insolvency Nclt Group Shapoorji Pallonji

Supreme Court sets aside NCLAT order on DHFL resolution plan dispute

2 days, 18 hours ago

Supreme Court sets aside NCLAT order on DHFL resolution plan dispute

The Supreme Court on Tuesday set aside the National Company Law Appellate Tribunal ’s order that directed the lenders of the erstwhile Dewan Housing Finance to reconsider specific aspects of …

Hindustan Times

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Pendency Of Criminal Complaint Can't Justify Delay In Filing Consumer Complaint: NCDRC Allows Eastern Railways' Revision Petition

3 days, 18 hours ago

Pendency Of Criminal Complaint Can't Justify Delay In Filing Consumer Complaint: NCDRC Allows Eastern Railways' Revision Petition

The National Consumer Disputes Redressal Commission, New Delhi bench of Binoy Kumar and Justice Saroj Yadav held that the filing or pendency of a criminal complaint cannot be used as …

Live Law

Railways State Commission Complainant

Force Majeure Clause 'Eclipses' Contractual Terms, Existence And Duration Of Force Majeure Event To Be Determined By Arbitral Tribunal: Delhi HC

6 days, 15 hours ago

Force Majeure Clause 'Eclipses' Contractual Terms, Existence And Duration Of Force Majeure Event To Be Determined By Arbitral Tribunal: Delhi HC

The Delhi High Court Bench of Justice Dinesh Kumar Sharma has held that while deciding a petition under Section 34 of the Arbitration & Conciliation Act, 1996, courts cannot adopt …

Live Law

Contract Board Court Tribunal

NCLT Kolkata Remits Repayment Plan U/S 114(3) Of IBC To Committee Of Creditors Due To Non Consideration Of Detective Report

1 week ago

NCLT Kolkata Remits Repayment Plan U/S 114(3) Of IBC To Committee Of Creditors Due To Non Consideration Of Detective Report

The National Company Law Tribunal Kolkata bench of Smt. Madhu Sinha has remitted the repayment plan remitted to the Committee of Creditors for reconsideration on the ground that no discussion …

Live Law

Personal Resolution Resolution Professional Tribunal

Adding Inflated Interest To Outstanding Liability Merely To Cross Threshold U/S 4 Of IBC Is Not Permissible: NCLAT

1 week ago

Adding Inflated Interest To Outstanding Liability Merely To Cross Threshold U/S 4 Of IBC Is Not Permissible: NCLAT

The National Company Law Appellate Tribunal New Delhi bench of Justice Ashok Bhushan, Mr. Arun Baroka and Mr. Barun Mitra has held that the interest cannot be added to the …

Live Law

Corporate Tribunal Code Debtor

When There Is No Privity Of Contract Between Operational Creditor And Corporate Debtor, Application U/S 9 Of IBC Cannot Be Admitted: NCLAT

1 week ago

When There Is No Privity Of Contract Between Operational Creditor And Corporate Debtor, Application U/S 9 Of IBC Cannot Be Admitted: NCLAT

The National Company Law Appellate Tribunal New Delhi bench of Justice Ashok Bhushan, Mr. Arun Baroka and Mr. Barun Mitra has held that an application under Section 9 of the …

Live Law

Contract Corporate Corporate Debtor Operational Creditor

NCLT Mumbai Dismisses Syska LED Lights' Plea For Withdrawal Of Insolvency Application U/S 12A Of IBC

1 week ago

NCLT Mumbai Dismisses Syska LED Lights' Plea For Withdrawal Of Insolvency Application U/S 12A Of IBC

The National Company Law Tribunal, Mumbai bench comprising K.R. Saji Kumar and Anil Raj Chellan has dismissed the withdrawal application filed under Section 12A of the Insolvency and Bankruptcy Code …

Live Law

Corporate Insolvency Application Tribunal

Prescribing Pre-Qualification Criteria By Authority In Tender Document Cannot Be Considered Arbitrary If Conditions Are Reasonable: Calcutta HC

1 week, 1 day ago

Prescribing Pre-Qualification Criteria By Authority In Tender Document Cannot Be Considered Arbitrary If Conditions Are Reasonable: Calcutta HC

The Calcutta High Court bench of Chief Justice T.S. Indian Oil Corporation Limited rejected the offer of the Appellant as they did not meet Pre Qualification Criteria requirements in the …

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Court Conditions Indian Oil Corporation Held

Kerala HC against bankers’ panel’s proposal for moratorium, restructuring of loans of Wayanad landslide survivors

1 week, 1 day ago

Kerala HC against bankers’ panel’s proposal for moratorium, restructuring of loans of Wayanad landslide survivors

A Division Bench of the Kerala High Court on Wednesday expressed its opposition to the recommendation of the State-level bankers’ committee for moratorium and restructuring of loans taken by the …

Proposal Loans Centre Bankers Committee

SEBI to constitute committee to decide on conflict of interest of board members

1 week, 3 days ago

SEBI to constitute committee to decide on conflict of interest of board members

In the back of conflict-of-interest allegations being hurled at the regulator in the recent past, the Securities & Exchange Board of India board at it’s meeting held on Monday decided …

Board Sebi Fpi Disclosure

IBC Cases Weekly Round Up [17th March-23rd March 2025]

1 week, 3 days ago

IBC Cases Weekly Round Up [17th March-23rd March 2025]

Nominal Index: Manish Mukim v. Ms. Rakhi and Anr., Company Appeal No. Case Number:Company Appeal No.249 of 2025 The National Company Law Appellate Tribunal New Delhi bench of Justice Ashok …

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Mumbai Supreme Court Appeal Insolvency

HC orders PNB to pay ₹5L compensation to former employee

1 week, 4 days ago

HC orders PNB to pay ₹5L compensation to former employee

MUMBAI: The Bombay high court recently pulled up the Punjab National Bank for conducting a “manipulated” inquiry against a former employee and directed it to pay a compensation of ₹5 …

Hindustan Times

Court Bank Former Employee Enquiry

Prepared for serious steps: CJI Sanjiv Khanna on cash row

1 week, 6 days ago

Prepared for serious steps: CJI Sanjiv Khanna on cash row

Chief Justice of India Sanjiv Khanna on Friday assured all Supreme Court judges that the transfer of Delhi high court judge Yashwant Varma was “just the beginning” and that he …

Hindustan Times

Delhi Supreme Court Court Chief Justice

CJI asks for Delhi HC report on judge Yashwant Varma’s case, seeks his viewpoint too

1 week, 6 days ago

CJI asks for Delhi HC report on judge Yashwant Varma’s case, seeks his viewpoint too

Chief Justice of India Sanjiv Khanna has initiated an initial inquiry against Delhi high court judge Yashwant Varma over the discovery of large amounts of cash at the latter’s residence …

Hindustan Times

Delhi Supreme Court Collegium Judge

CJI briefs SC judges on justice Varma case, says transfer is just the beginning

1 week, 6 days ago

CJI briefs SC judges on justice Varma case, says transfer is just the beginning

NEW DELHI: Chief Justice of India Sanjiv Khanna on Friday assured all Supreme Court judges that the transfer of Delhi high court judge Yashwant Varma was “just the beginning” and …

Hindustan Times

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Greater Noida West: 600 homebuyers set to receive possession under NCLT’s reverse insolvency process

2 weeks ago

Greater Noida West: 600 homebuyers set to receive possession under NCLT’s reverse insolvency process

As many as 600 homebuyers of RG Luxury Homes, who have been waiting to get possession of their housing units in Greater Noida West since the last six years, will …

Hindustan Times

Insolvency Homebuyers West Noida

NCLAT Dismisses Senior Advocate's Plea Over Non-Payment Of Over ₹6 Crore In Fees By Company, Says Pre-Existing Dispute Bars Initiation Of CIRP

2 weeks ago

NCLAT Dismisses Senior Advocate's Plea Over Non-Payment Of Over ₹6 Crore In Fees By Company, Says Pre-Existing Dispute Bars Initiation Of CIRP

The National Company Law Appellate Tribunal, Principal Bench, New Delhi, consisting of Justice Ashok Bhushan and Arun Baroka, dismissed an appeal arising from the final order by the NCLT New …

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International Commercial Arbitration | How To Determine Law Governing Arbitration Agreement? Supreme Court Discusses Tests

2 weeks, 2 days ago

International Commercial Arbitration | How To Determine Law Governing Arbitration Agreement? Supreme Court Discusses Tests

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IBBI asks resolution professionals to be more open about losses carried forward

2 weeks, 2 days ago

IBBI asks resolution professionals to be more open about losses carried forward

New Delhi: The Insolvency and Bankruptcy Board of India has told debt resolution professionals to be more open about bankrupt companies’ past losses that can be carried forward, helping attract …

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LDA files ₹4,500-cr claim against Ansal API in NCLT

2 weeks, 3 days ago

LDA files ₹4,500-cr claim against Ansal API in NCLT

The Lucknow Development Authority has filed a claim of approximately ₹4,500 crore against Ansal Properties & Infrastructure Limited in the National Company Law Tribunal, seeking compensation for land acquisition, pending …

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RBI Governor asks lenders to improve customer grievance redressal

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RBI Governor asks lenders to improve customer grievance redressal

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Contempt of SC by 'Exclusive Capital' in the HNGIL matter? What Justice Gauba replied to queries by OpIndia

2 weeks, 3 days ago

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A series of financial irregularities and governance violations have come to light at Exclusive Capital Limited, a non-banking financial company, leading to multiple investigations and regulatory interventions. Exclusive Capital’s Role …

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Gujarat HC Calls For Report On Functioning Of State Educational Service Tribunal Over Claims Of Prolonged Proceedings, Lack Of VC Facility

2 weeks, 3 days ago

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The Gujarat High Court directed its Registrar General and education department's Chief Secretary to report on the functioning of the state Educational Service Tribunal after parties raised concerns on its …

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SC reaffirms mandatory CCI approval in insolvency cases: Former SC Judge Justice AK Sikri strongly concurs with the landmark HNG judgement

2 weeks, 4 days ago

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In a landmark decision passed by the Supreme Court of India in the Hindustan National Glass case on the 29th of January 2025, has reinforced the legislative intent behind Section …

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Magistrate Can Take Cognizance Under Drugs & Cosmetics Act But Trial Must Be Conducted By Sessions Court: J&K High Court

3 weeks ago

Magistrate Can Take Cognizance Under Drugs & Cosmetics Act But Trial Must Be Conducted By Sessions Court: J&K High Court

Setting aside the proceedings against two pharmaceutical companies accused of manufacturing and marketing substandard drugs the Jammu and Kashmir and Ladakh High Court has clarified that while the trial of …

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Penalties U/S 65 Of IBC Can Be Imposed Against Those Who Fraudulently Initiate Insolvency Process: NCLAT

3 weeks, 1 day ago

Penalties U/S 65 Of IBC Can Be Imposed Against Those Who Fraudulently Initiate Insolvency Process: NCLAT

The National Company Law Appellate Tribunal, Principal Bench, New Delhi comprising of Justice Ashok Bhushan and Barun Mitra and Arun Baroka disposed an appeal filed by a majority shareholder of …

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Veracity Of Allegations Against Settlement Agreement Cannot Be Looked Into By Court In Application U/S 11 Of Arbitration Act: Delhi High Court

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Veracity Of Allegations Against Settlement Agreement Cannot Be Looked Into By Court In Application U/S 11 Of Arbitration Act: Delhi High Court

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CCI and AGI Greenpac used extreme examples to manufacture timeline conflict in IBC proceedings? What Supreme Court said in HNG case

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Anti-Arbitration Suit Giving Short-Shrift To Sec 16 A&C Act Is Hit By Order 7 Rule 11(d) Of CPC: Telangana High Court Reiterates

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IBC Weekly Round-Up [3rd March To 9th March, 2025]

3 weeks, 3 days ago

IBC Weekly Round-Up [3rd March To 9th March, 2025]

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Supreme Court Issues Contempt Notice To Delhi Home Secretary Over False Statement On Placing SRB Recommendations Before LG

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NCLAT dismisses plea against resolution plan approval for Duncans Ind

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NCLAT dismisses plea against resolution plan approval for Duncans Ind

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IBC Monthly Digest [February 2025]

3 weeks, 4 days ago

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NCLT Doesn't Have Jurisdiction To Direct ED To Defreeze Corporate Debtor's Account Frozen Under PMLA: NCLT

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The Punjab & Haryana High Court has made it clear that Bar Council Of India cannot entertain appeal from interim order of the State Bar Council's disciplinary committee when the …

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4 weeks, 2 days ago

Telangana Legal Briefs | How can KCR be asked to attend Assembly: HC on PIL

Hyderabad: A writ plea requiring BRS leader K. Chandrashekar Rao to attend the Assembly was a non-starter on Tuesday before the Telangana High Court. A panel comprising acting Chief Justice …

Deccan Chronicle

Karnataka Justice Legal Assembly

Law changes on cards for quick CCI nod for distressed asset sales after SC order

1 month ago

Law changes on cards for quick CCI nod for distressed asset sales after SC order

New Delhi: The government is exploring urgent legislative changes to ensure swift approvals from the Competition Commission of India for the sale of distressed assets after a Supreme Court order …

Law Supreme Court Court Corporate Affairs

Serving Demand Notice To Personal Guarantor Under Rule 7 Of Personal Guarantors Rules Cannot Be Considered Invocation Of Guarantee: NCLAT

1 month ago

Serving Demand Notice To Personal Guarantor Under Rule 7 Of Personal Guarantors Rules Cannot Be Considered Invocation Of Guarantee: NCLAT

The National Company Law Appellate Tribunal New Delhi bench of Justice Ashok Bhushan, Mr. Barun Mitra and Mr. Arun Baroka has held that a Notice served to the personal guarantor …

Live Law

Rules Tribunal Notice Rule

Order Approving Resolution Plan Passed Beyond 330 Days Cannot Be Questioned When Application Seeking Approval Was Filed Within CIRP Period: NCLAT

1 month ago

Order Approving Resolution Plan Passed Beyond 330 Days Cannot Be Questioned When Application Seeking Approval Was Filed Within CIRP Period: NCLAT

The National Company Law Appellate Tribunal New Delhi bench of Justice Ashok Bhushan and Mr. Barun Mitra has held that when an order approving the Resolution Plan is passed by …

Live Law

Corporate Financial Resolution Order

NCR States Must Pay Compensation To Construction Workers Affected By GRAP Closures, Even Without Specific Court Orders: Supreme Court

1 month ago

NCR States Must Pay Compensation To Construction Workers Affected By GRAP Closures, Even Without Specific Court Orders: Supreme Court

The Supreme Court on Friday directed that NCR states must pay compensation to construction workers affected by the closure of activities due to Graded Response Action Plan measures in Delhi …

Live Law

Rajasthan Delhi Supreme Court Construction

Decoding the Supreme Court’s decision: Implications for India’s merger control regime

1 month ago

Decoding the Supreme Court’s decision: Implications for India’s merger control regime

Ever since India’s implementation of the Insolvency and Bankruptcy Code, it has been clear that all transactions emanating from resolution plans under the corporate insolvency resolution process, where the entities …

India Competition Parties Supreme

When Debt Is Not Unequivocally Admitted By Corporate Debtor, Application U/S 9 Of IBC Must Not Be Entertained: NCLAT

1 month ago

When Debt Is Not Unequivocally Admitted By Corporate Debtor, Application U/S 9 Of IBC Must Not Be Entertained: NCLAT

The National Company Law Appellate Tribunal New Delhi bench of Justice Ashok Bhushan, Mr. Barun Mitra and Mr. Arun Baroka has held that the application under section 9 of the …

Live Law

Corporate Corporate Debtor Operational Creditor Operational