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Articles for Borrower, search results for claim

Approval Of Resolution Does Not Absolve Guarantor; NCLT Mumbai Reiterates
1 year, 7 months ago

Approval Of Resolution Does Not Absolve Guarantor; NCLT Mumbai Reiterates

Live Law  

The National Company Law Tribunal, Mumbai Bench, comprising Shri Kuldip Kumar Kareer and Smt. Anuradha Sanjay Bhatia, while adjudicating an application under Section 7 of Insolvency and Bankruptcy Code, 2016 in Anchor Leasing Private Limited vs Sejal Realty and Infrastructure Limited has reiterated that the liability of the guarantor does not ipso facto come to an end merely with the …

Corporate Financial Resolution Corporate Debtor Loan Tribunal Plan
Borrower Cannot Claim Extension Of Time Period Under OTS Scheme As A Matter Of Right : Supreme Court
2 years, 1 month ago

Borrower Cannot Claim Extension Of Time Period Under OTS Scheme As A Matter Of Right : Supreme Court

Live Law  

The Supreme Court observed that a borrower cannot claim extension of time period under One Time Settlement Scheme as a matter of right.The bench of Justices MR Shah and Krishna Murari observed said that a High Court cannot invoke writ jurisdiction to extend the time period under the OTS scheme. The bench noticed that in a recent judgment Bijnor Urban …

India Supreme Court Court Bank Payment Right High
"IBC Does Not Protect The Interest Or Claim Of A Partner Against Another Partner Or The Firm": NCLT Mumbai
2 years, 5 months ago

"IBC Does Not Protect The Interest Or Claim Of A Partner Against Another Partner Or The Firm": NCLT Mumbai

Live Law  

The National Company Law Tribunal, Mumbai Bench, comprising of Justice P. N. Deshmukh and Shri Kapal Kumar Vohra, while adjudicating a petition filed in Parul A Vora v Kavya Buildcon Pvt. Ltd., has held that the Insolvency and Bankruptcy Code, 2016 does not protect the interest or claim of a Partner against another Partner or the Partnership Firm. The Petitioner …

Respondent Firm Bench Partner Petitioner Ibc Vora
DeVry University misled students. Now, the federal government is erasing their debt
2 years, 10 months ago

DeVry University misled students. Now, the federal government is erasing their debt

NPR  

DeVry University misled students. These borrowers — who attended DeVry University, ITT Technical Institute and other schools — will receive relief through a legal provision known as borrower defense, which promises loan relief for defrauded borrowers. Wednesday's news stands out not only for the borrowers it will help, but because this is the first time the department has said it …

Education Students University Trump Relief Sweet Claims
Simultaneous CIRPs Against Principal Borrower And Corporate Guarantor For The Same Debt
4 years ago

Simultaneous CIRPs Against Principal Borrower And Corporate Guarantor For The Same Debt

Live Law  

In any financial transaction pertaining to granting loans to the corporates, one of the most conventional methods adopted by banks and financial institutions include obtaining a guarantee from either the promoter or the holding/group companies of such corporate. The question on initiation of Corporate Insolvency Resolution Process against two Corporate Debtors for the same set of debt obligations arising out …

Corporate Insolvency Debt Committee Nclat Code Principal