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Corporate Law : Summarize the key amendments and provisions of the Bharatiya Nyaya Sanhita 2023, enhancing India's legal framework with digital in...
Corporate Law : Supreme Court cancels bail granted by Allahabad High Court in a broad daylight murder case, emphasizing the importance of judicial...
Corporate Law : Delhi HC rules that quashing rape FIRs based on monetary settlements implies justice is for sale, emphasizing the importance of tr...
Corporate Law : भारत में विवादित चेक को नियंत्रित करने वाले एनआई ...
Corporate Law : Palestine is a party to the International Criminal Court's (ICC) Rome Statute. This implies that whether they occurred in Gaza or ...
Corporate Law : Discover Union Minister Piyush Goyal's directives for PESO, including concessions for women entrepreneurs and MSMEs, safety templa...
Corporate Law : Delhi Police Cyber Crime & CEIB warn against fake emails alleging child pornography & cyber crimes. Stay vigilant & report any sus...
Corporate Law : CBI's ongoing investigation into Mumbai Passport Seva Kendras reveals ₹1.59 Cr cash and incriminating materials. Alleged collusi...
Corporate Law : IBBI updates the progress report format for liquidation processes, seeking comments by July 12, 2024. Learn about the new requirem...
Corporate Law : IBBI invites comments on proposed amendments to CIRP regulations, focusing on valuation processes, MSME treatment, voting protocol...
Corporate Law : Explore the Calcutta High Court's decision in Saila Ghosh Vs State of West Bengal & Ors., upholding a 50% interest waiver on prope...
Corporate Law : The Punjab & Haryana High Court orders a father to pay maintenance for his minor son despite his claim of unemployment, considerin...
Corporate Law : Explore the detailed analysis of Mayur Rajendra Kumar Popat Vs Rajul Mehta & Ors. case from NCLT Mumbai. Learn about the resolutio...
Corporate Law : It has been alleged that Google is granting exclusive access to Truecaller to share private contact information of the users with ...
Corporate Law : Read the detailed NCLT Chandigarh judgment on Nikhil Khanna's application under Section 7 of IBC against Spaze Towers Pvt Ltd. Ana...
Corporate Law : Explore the 2024 guidelines issued by India's Ministry of Consumer Affairs under the Consumer Protection Act, aimed at curbing uns...
Corporate Law : Discover the latest FCRA registration updates from Ministry of Home Affairs, including extension guidelines for renewal applicatio...
Corporate Law : Discover the latest interest rates for Small Savings Schemes for April-June and July-September 2024. Get detailed insights and com...
Corporate Law : Discover how IBBI's Circular No. IBBI/LIQ/73/2024 simplifies liquidation filing under IBC, 2016, enhancing efficiency for Insolven...
Corporate Law : Learn about the filing requirements and forms for monitoring voluntary liquidation processes under the Insolvency and Bankruptcy C...
NCLT Delhi ordered initiation of CIRP as petition filed u/s. 7 of the Insolvency and Bankruptcy Code, 2016 by Financial Creditor is complete in all respect and it is clearly established that the Corporate Debtor is in default of a debt more than the minimum amount stipulated u/s. 4 (1) of the Code
The Government has taken measures for easing access to credit for MSMEs. reported by Reserve Bank of India (RBI) some of the measures taken by RBI for improving flow of credit to MSME sector are as under: i. Priority Sector Lending Guidelines: In terms of Master Direction on ‘Priority Sector Lending (PSL) –Targets and Classification […]
SPS Steels Rolling Mills Limited and Ors. Vs Asansol Durgapur Development Authority and Anr. (Calcutta High Court) Learned Single Judge by the impugned order has reached to the conclusion that the transfer fee was exempted under the resolution plan sanctioned by the National Company Law Tribunal and has found that the demand of the respondent […]
Madras High Court held that Government Order No. 339/Public (Law Officers) fixing fees for the law officers is extremely irrational. Government Orders determining a ceiling as fees for a professional cannot be accepted by any court of law.
NCLT Kolkata held that just because a creditor enjoys security interest, it cannot be treated higher than other creditors who have financed the Corporate Debtor.
NCLT Ahmedabad held that conjoint reading of Section 30 & Section 53 of IBC shows that the Financial Creditors are placed at a higher priority than Operational Creditors. Hence, as the Financial Creditors have not been paid in full, the Operational Creditors cannot claim a higher amount.
Signatories/directors cannot escape from their penal liability under Section 138 of NI Act by citing its dissolution. What is dissolved, is only company, not personal penal liability of accused covered under Section 141 of NI Act.
Once Resolution Plan stands approved, no alterations/modifications are permissible. It is either to be approved or disapproved, but any modification after approval of Resolution Plan by CoC, based on its commercial wisdom, is not open for judicial review unless it is found to be not in conformity with mandate of IBC Code.
Nothing in Safety Glass (Quality Control) Order, 2020 shall apply to import of safety glass by a vehicle manufacturer for manufacturing up to ten thousand vehicles manufactured in India per financial year
NCLT Mumbai held that petition under section 7 of Insolvency and Bankruptcy Code (IBC) duly admissible, as two essential qualification i.e. ‘debt’ and ‘default’ existed.
