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Inherent power of NCLT to recall an order to secure the ends of justice

Corporate Law : Supreme Court landmark judgment in Greater Noida Industrial Development Authority vs. Prabhjit Singh Soni clarifies creditor right...

May 30, 2024 318 Views 0 comment Print

Latest Case Law Related to IBC – January-Mar, 2024

Corporate Law : Explore recent Supreme Court rulings on dissenting creditor rights and set-off claims in insolvency cases. Detailed analysis of ke...

May 16, 2024 429 Views 0 comment Print

Bank Account Freeze due to Company Strike Off – How to get lifted?

Company Law : Discover how to lift a bank account freeze due to company strike off. Learn the steps under Companies Act, 2013, to restore your b...

April 4, 2024 1941 Views 1 comment Print

Latest Case Law Related to IBC – October to December 2023

Corporate Law : Explore significant legal developments, Supreme Court verdicts, and detailed analyses in the Q4 2023 newsletter. Stay informed on ...

February 19, 2024 1311 Views 0 comment Print

Fate of Employees, When Employers Faces IBC Proceedings : A Legal Analysis

Corporate Law : Explore the vital role of the Insolvency and Bankruptcy Code (IBC) in protecting employee rights during corporate insolvency, high...

February 11, 2024 1509 Views 0 comment Print


Latest News


Discussion Paper on Streamlining CIRP Form Compliance for Insolvency Professionals

Corporate Law : Discover how the latest revisions in CIRP forms by IBBI aim to reduce the compliance burden on insolvency professionals and stream...

June 12, 2024 210 Views 0 comment Print

Notice inviting comments, by MCA, on review of rules prescribed under IBC 2016

Corporate Law : Join the discussion on MCA's proposed changes to Insolvency and Bankruptcy Code rules. Learn how to participate and share your ins...

April 19, 2024 642 Views 0 comment Print

LLP Act Amendments, Integrated IT Portal, NCLT Framework Strengthening by MCA

Corporate Law : Explore the impact of the LLP (Amendment) Act, 2021 on Ease of Doing Business, startup encouragement, and the introduction of Smal...

January 31, 2024 399 Views 0 comment Print

CBI Arrests An IRP of NCLT In A Bribery Case

Corporate Law : Central Bureau of Investigation has arrested an Interim Resolution Professional (IRP), National Law Tribunal (NCLT), Mumbai and tw...

May 6, 2022 945 Views 0 comment Print

Decriminalization of offences under Companies Act, 2013

Company Law : Over the years, for violations under the Companies Act, 2013 the government had been filing criminal cases as per the provisions o...

October 6, 2021 7119 Views 0 comment Print


Latest Judiciary


NCLT’s rejects CIRP application due to lack of debt proof and default evidence

Corporate Law : Read about NCLT's rejection of Mittal Polymers' CIRP application against Suvarna Additives Pvt Ltd due to lack of debt proof and d...

June 24, 2024 66 Views 0 comment Print

 NCLT admits Resolution Plan for Harvest Hotels

Corporate Law : Read the detailed NCLT Delhi judgment on the case between Asset Reconstruction Company and Harvest Hotels & Services Apartments Pv...

June 24, 2024 249 Views 0 comment Print

Settlement Agreement Breach Not Grounds for CIRP under I&B Code

Corporate Law : NCLT Kolkata ruled that breaches in settlement agreements do not qualify as operational debt under Section 5(21) of IBC. Full anal...

June 24, 2024 66 Views 0 comment Print

Indemnity obligations under a guarantee do not constitute operational debt: NCLT

Corporate Law : NCLT Chandigarh rules indemnity obligation under guarantee is not an operational debt in the case of Agarwal Foundries vs. POSCO E...

June 24, 2024 90 Views 0 comment Print

NCLT Halts Byju’s Second Rights Issue Amid Mismanagement Allegations

Corporate Law : Explore the legal case MIH Edtech Investments B.V. & Ors. vs. Think & Learn Pvt. Ltd. & Ors. in NCLT Bengaluru under Companies Act...

June 24, 2024 99 Views 0 comment Print


Latest Notifications


IBBI Disciplinary Committee disposes Chetan Patel Case

Corporate Law : Read about the case involving Chetan Patel, an Insolvency Professional, with detailed analysis of alleged contraventions and submi...

April 3, 2024 267 Views 0 comment Print

IBBI Suspends Insolvency Professional for Auction Irregularities

Corporate Law : IBBI Disciplinary Committee suspends Sanjay Singh, an Insolvency Professional, for irregularities in the e-auction process. Detail...

February 16, 2024 546 Views 0 comment Print

NCLT Chandigarh: Bench 2 Cases Transferred to Bench 1

Company Law : Explore the order dated 03.02.2024 from NCLT Chandigarh transferring all pending cases from Bench 2 to Bench 1. Detailed analysis ...

February 3, 2024 336 Views 0 comment Print

Govt invites applications for the post of Judicial & Technical Members in NCLT

Corporate Law : Filling up of 05 (Five) posts of Judicial Member and 05 (Five) posts of Technical Members in the National Company Law Tribunal (NC...

June 6, 2023 1452 Views 0 comment Print

New Appointments in the National Company Law Tribunal

Corporate Law : The Ministry of Corporate Affairs announces the appointment of new Judicial and Technical Members in the National Company Law Trib...

May 25, 2023 5484 Views 0 comment Print


NCLT Convicts Port Authority Officers for Contempt of Court

May 31, 2024 189 Views 0 comment Print

NCLT convicts Port Authority officers for contempt of court in ICICI Bank Ltd Vs Lanco Babandh Power Ltd case. Detailed analysis of the disobedience of court orders and legal implications.

CIRP Can Be Initiated Against Corporate Debtor Even on Principal-Agent Relationship

May 31, 2024 156 Views 0 comment Print

NCLT Mumbai rules that CIRP can be initiated against Prime Cargo Movers despite their claim of being a mere agent, holding them liable for debts.

Inherent power of NCLT to recall an order to secure the ends of justice

May 30, 2024 318 Views 0 comment Print

Supreme Court landmark judgment in Greater Noida Industrial Development Authority vs. Prabhjit Singh Soni clarifies creditor rights in insolvency proceedings.

Delhi HC Transfer nascent winding up proceedings to NCLT

May 28, 2024 234 Views 0 comment Print

Delhi HC held that winding up proceedings pending before High Courts, which are at a nascent stage and have not progressed to an advanced stage, ought to be transferred to NCLT.

Requisite Documents Must Accompany SCN in IBC Proceedings: Delhi HC

May 28, 2024 237 Views 0 comment Print

Delhi High Court rules parties in IBC proceedings must receive requisite documents forming basis of SCNs. Detailed analysis of Shantanu Prakash vs. State Bank of India & Ors. case.

Mere Omission of Date Doesn’t Invalidate Bankers Book Evidence Act Certificate: NCLT Chandigarh

May 28, 2024 147 Views 0 comment Print

NCLT determined that the certificate under the Bankers Book Evidence Act, 1891, despite lacking a date, was valid as it was duly signed. They emphasized that the omission of the date did not invalidate the certificate.

NCLT Cannot Set Aside Arbitral Award During IBC Moratorium

May 24, 2024 282 Views 0 comment Print

NCLT Kolkata rules it cannot annul an arbitral award during an IBC moratorium. Detailed analysis of Mahavir Industrial Corporation vs Hindustan Controls & Equipment Pvt Ltd.

Advance for Share Allotment Not a Financial Debt under IBC: NCLT

May 24, 2024 300 Views 0 comment Print

Delve into the NCLT Kolkata case of Mittson Fille Enterprise vs. Sammaan Ventures Limited regarding share application money and financial debt under the IBC. Analysis of key arguments and findings.

Post approval of resolution plan by CoC, no new claims should be entertained: NCLT Mumbai

May 22, 2024 270 Views 0 comment Print

The NCLT Mumbai ruled that claims filed after CoC approval of a resolution plan cannot be admitted, emphasizing the need for timely claim submissions in CIRP.

Detention charges qualifies as operational debts under IBC: NCLT

May 22, 2024 126 Views 0 comment Print

Get insights into the NCLT Mumbai judgment regarding detention charges as operational debts under the IBC. Detailed analysis of ABC India Ltd. Vs Prabhakar Engineers Pvt. Ltd. case.

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